Merus Power Plc, Company release, May 7, 2024, at 12.00 p.m.

A total of 25,150 new shares have been subscribed for by Merus Power Plc with option rights (2021). The subscription price of EUR 83 498 will be recorded in full in the reserve of invested unrestricted equity. As a result of the subscriptions, the number of shares in Merus Power Plc will increase to 7 670 116 shares.

The shares subscribed for based on the option rights have been registered with the Trade Register on 7 May 2024. The new shares will confer shareholder rights to their owners from the date of registration.

The shares will be traded on Nasdaq First North Growth Market Finland together with the old shares from 8 May 2024.

The main terms and conditions of the stock option program and further information can be found on the company's website at https://sijoittajat.meruspower.fi/en/for-investors/share-and-shareholders/kannustinjarjestelmat/.
Additional information:
Kari Tuomala, CEO, kari.tuomala@meruspower.com,+358 20 735 4320
Jonna Kannosto, Head of Marketing & Communications, jonna.kannosto@meruspower.com,+358 44 357 8320

Aktia Alexander Corporate Finance Oy, Certified Advisor, +358 50 520 4098

Distribution:
Nasdaq Helsinki Oy
Key media
www.sijoittajat.meruspower.fi/en

Merus Power in brief:
Merus Power is a technology company that enables a sustainable and energy-efficient future. We design and manufacture innovative electrical engineering solutions, such as energy storages, power quality solutions and services for renewable energy and industrial needs. With our scalable technology, we enable the growth of renewable energy in electric grids and improve the energy efficiency of society. We are a domestic innovative electrical engineering specialist and operate in global and fast-growing markets. Our personnel represent internationally respected engineering expertise. Our turnover in 2023 was EUR 29.0 million and our stock trading symbol on the Nasdaq First North Growth Market Finland is MERUS.www.meruspower.com.

The original of this document has been made in Finnish. In case of any discrepancy, the Finnish version will prevail.