Brain+ A/S ("Brain+" or "the Company") announces that CEO & co-founder, Kim Baden- Kristensen; Chairman of the board, Anders Härfstrand; member of the board, Johan Luthman; and interim CFO and former member of the board, Hanne Leth Hillman have committed to exercise all their combined 1,043,088 warrants of series TO 2. The commitments correspond to a total additional investment in the Company of DKK 0.2 million.
Complete terms and conditions for the warrants of series TO 2 can be found in the prospectus approved by the Danish Financial Supervisory Authority and published by the Company on 24 April 2023. The approved prospectus as well as additional informative documents, including a FAQ summary related to the exercise of warrants of series TO 2, is available on the Company's webpage under Investor/Announcements and Financial Documents - Brain+ Better brain better life (brain-plus.com). The prospectus is also available on the Danish Financial Supervisory Authority's website (https://oam.finanstilsynet.dk).
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|Exercise period:      |2 - 16 October 2023                                   |
+----------------------+------------------------------------------------------+
|Exercise price:       |DKK 0.20                                              |
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|Last day of trading in|12 October 2023                                       |
|warrants of series TO |                                                      |
|2:                    |                                                      |
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|Issue volume:         |28,542,348 warrants of series TO 2 which entitle to a |
|                      |maximum subscription of 28.542,348 new shares in the  |
|                      |Company. If all warrants are exercised, Brain+ will   |
|                      |receive proceeds of approximately DKK 5.7 million     |
|                      |before issuing costs.                                 |
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|Dilution:             |Upon full exercise of warrants of series TO 2, the    |
|                      |number of shares of nominal value DKK 0.10 each will  |
|                      |increase by 28,542,348 from 44,262,866 shares to      |
|                      |72,805,214 shares, and the share capital will increase|
|                      |by DKK 2,854,234.80 from DKK 4,426,286.60to DKK       |
|                      |7,280,521.40. If all warrants of series TO 2 are      |
|                      |exercised, the dilution of the number of shares and   |
|                      |votes in the Company amounts to approximately 39      |
|                      |percent.                                              |
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Commitments from members of the board of directors and management:
+--------------------+---------------------+------------------+------------+
|Name                |Position in Brain+   |Number of warrants|Amount (DKK)|
+--------------------+---------------------+------------------+------------+
|Kim Baden-Kristensen|CEO, Co-founder      |60,000            |12,000      |
+--------------------+---------------------+------------------+------------+
|Anders Härfstrand   |Chairman of the Board|480,000           |96,000      |
+--------------------+---------------------+------------------+------------+
|Hanne Leth Hillman  |Interim CFO          |263,088           |52,618      |
+--------------------+---------------------+------------------+------------+
|Johan Luthman       |Member of the board  |240,000           |48,000      |
+--------------------+---------------------+------------------+------------+
|Total               |                     |1,043,088         |208,618     |
+--------------------+---------------------+------------------+------------+
Advisors
In connection with the unit rights issue including the issue and exercise of warrants of series TO 2, Sedermera Corporate Finance AB and Gemstone Capital A/S act as financial advisors to Brain+. Markets & Corporate Law Nordic AB act as legal advisor. Nordic Issuing AB is the issuing agent.
For more information about the warrant exercise, please contact:
Sedermera Corporate Finance AB
Phone: +46 (0) 40 615 14 10
E-mail: cf@sedermera.se
www.sedermera.se
Gemstone Capital A/S
Phone: +45 33 22 07 00
E-mail: sh@gemstonecapital.com 
www.gemstonecapital.com
For more information about Brain+, please contact:
Kim Baden-Kristensen, CEO
Phone: +45 31 39 33 17
E-mail: kim@brain-plus.com
www.brain-plus.com
Certified Adviser
Keswick Global AG
Phone: +43 1 740 408 045
E-mail: info@keswickglobal.com