THIS PRESS RELEASE IS NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, BELARUS, HONG KONG, JAPAN, CANADA, NEW ZEALAND, RUSSIA, SWITZERLAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, OR IN ANY OTHER JURISDICTION WHERE SUCH RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR REQUIRE ADDITIONAL REGISTRATION OR OTHER MEASURES. SEE THE "IMPORTANT INFORMATION" SECTION AT THE END OF THIS PRESS RELEASE.

As stated in the press release, published on 15 July 2024, the Board of Directors of Unibap AB (publ) ("Unibap" or the "Company") has resolved to carry out a directed share issue of approximately SEK 30 million (the "Directed Share Issue") to a Neqst controlled investment vehicle ("Neqst"). The Directed Share Issue was conditional upon, inter alia, that notification that the application has been submitted without action or approval has been received regarding the investment from the Inspectorate for Strategic Products (the "ISP") (Sw. Inspektionen för Strategiska Produkter) in accordance with the Swedish Screening of Foreign Direct Investments Act (Sw. lagen (2023:560) om granskning av utländska direktinvesteringar). The Company has received information that Neqst's application to the ISP regarding its investment in the Company has been left without action. Consequently, all conditions for the implementation of the Directed Share Issue have been fulfilled and the Board of Directors has resolved on the allocation of the subscribed shares.

The Directed Share Issue
The Board of Directors of Unibap resolved, conditional upon the subsequent approval of the extraordinary general meeting and that notification that the application has been submitted without action or approval has been received regarding the investment from the ISP in accordance with the Swedish Screening of Foreign Direct Investments Act (Sw. lagen (2023:560) om granskning av utländska direktinvesteringar), to carry out a new issue of not more than 12,500,000 shares with deviation from the existing shareholders' preferential rights on 15 July 2024. The subscription price of SEK 2.40 per share in the Directed Share Issue shall be paid in cash. The subscriber in the Directed Share Issue is Neqst. Neqst is an investment company specializing in Nordic growth companies in the business-to-business and technology sectors.

The net proceeds from the Directed Share Issue will be used to finance the Company's continued growth and market expansion, primarily in the United States. 60 percent of the world market for satellites that could benefit from Edge Computing is in the United States. Unibap is investing in strengthening its presence and customer knowledge in the market. The ambition of strong growth going forward is underpinned by the Company's US investment. In addition to investments in market presence, Unibap intends to develop the software offering and continue technology investments. The capital injection creates even better conditions for our ambition to grow Unibap.

All conditions for the Directed Share Issue have been fulfilled
The extraordinary general meeting held on 12 August 2024 resolved to approve the Board of Directors' resolution to carry out the Directed Share Issue. The Company has received information that Neqst's application to the ISP regarding its investment in the Company has been left without action. Consequently, all conditions for the implementation of the Directed Share Issue have been fulfilled. Against this background, the Board of Directors has resolved on the allocation of the shares in the Directed Share Issue to Neqst. Neqst is expected pay for the new shares shortly, and registration of the new shares with the Swedish Companies Registration Office is expected to occur shortly thereafter.

Lock-up and voting undertakings
Neqst has undertaken, with customary exceptions, not to sell the shares subscribed for in the Directed Share Issue, for a period of 180 days from the date of the delivery of the new shares.

For more information, please contact:

Johan Åman
CEO

ceo@unibap.com

+46 70 821 00 51

 The information was submitted for publication, through the agency of the contact person set out above, at 2024-08-28 15:30 CEST.

IMPORTANT INFORMATION
The release, announcement or distribution of this press release may, in certain jurisdictions, be subject to restrictions and the recipients of this press release in jurisdictions where this press release has been published or distributed shall inform themselves of and follow such restrictions. The recipient of this press release is responsible for using this press release, and the information contained herein, in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in Unibap in any jurisdiction, neither from Unibap nor from someone else.

This announcement does not a prospectus for the purposes of Regulation (EU) 2017/1129 (the "Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction. A prospectus will not be prepared in connection with the Directed Share Issue.

This press release does not identify or purport to identify risks (direct or indirect) that may be associated with an investment in the Company. The information in this press release is only intended to describe the background to the Directed Share Issue and does not claim to be complete or exhaustive.

This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States. The information in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, within or into the United States, Australia, Belarus, Hong Kong, Japan, Canada, New Zealand, Russia, Switzerland, Singapore, South Africa, South Korea or any other jurisdiction where such announcement, publication or distribution of the information would not comply with applicable law or where such action is subject to legal restrictions or would require additional registration or other measures than what is required under Swedish law. Actions taken in violation of this instruction may constitute a crime against applicable securities laws and regulations.

About Unibap

Unibap is a high-tech company offering advanced solutions for Edge Computing and Cloud Computing in space. Our SpaceCloud® offering consists of hardware, software and services that transform the space industry by establishing a new standard for AI and cloud solutions in satellites. The company's quality management system is certified according to SS-EN ISO 9001:2015. The company is listed on Nasdaq First North Growth Market.

For more information, please visit the Company's website unibap.com

FNCA Sweden AB is the Company's Certified Adviser.

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