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Investor Relations

Updated 20220927

Group structure

Exeger Sweden AB (publ)

Exeger Sweden AB (publ), corporate organization number 556777-6926 is the parent company of the Exeger group. Exeger Sweden has no other assets that its ownership in the subsidiary Exeger Operations AB. The shares in Exeger Sweden are freely tradable and brokered by Pareto Securities and other trading institutes.

Exeger Sweden has:

– 4,000,000 Class A shares outstanding with ISIN SE0018690026;
– and 45,420,065 Class B shares outstanding with ISIN SE0018689994.

The Class A shares have been issued to the founder Giovanni Fili. These shares do not have any economic rights but entitle to a higher number of votes per share. Right now, the Class A shares represent 24,000,000 votes in total (six votes per share and 34.6 percent of the total votes).

The Class B shares are ordinary shares with one vote per share and full economic rights.

Exeger Operations AB

Exeger Operations AB, corporate registration number 559073-6806, is the operating company of the group, containing all the assets, employees and operations.

Exeger Operations is owned by Exeger Sweden (805,010 ordinary shares or 96.03%) and SoftBank Group Corp (33,308 preference shares or 3.97%). The preference shares give SoftBank Group Corp a 1x liquidation preference on its investment in case Exeger Operations is liquidated. Otherwise, the preference shares and the ordinary shares have the same rights.

The ISIN for the ordinary shares is SE0012506905 and ISIN for the preference shares is SE0012506921.

SHARE REGISTERS

The shares of both Exeger Sweden and Exeger Operations are registered in the record day register maintained by Euroclear AB. The share registers are updated quarterly and copies of Exeger Sweden’s share register can be provided upon request to ir@exeger.com.

Warrant programs

Exeger Sweden AB (publ)
There are no outstanding warrants in Exeger Sweden AB (publ).

Exeger Operations

There are 77,777 outstanding warrants of Series 2018/23:1 in Exeger Operations, with a dilutive effect of 9.28%. The warrants have a strike price of SEK 8,150 (corresponding to a share price in Exeger Sweden of approximately SEK 144) and mature in October 2023. If these warrants are exercised in full, approximately SEK 634 million in cash will be contributed to Exeger Operations.

In addition, there are 10,264 outstanding warrants of each of Series 2021/23:1-3 in Exeger Operations (i.e. 30,792 warrants in total), with a dilutive effect of 3.68%:

– the warrants of Series 2021/23:1 have a strike price of SEK 11,284
(corresponding to a share price in Exeger Sweden of approximately SEK 200);

– the warrants of Series 2021/23:2 have a strike price of SEK 12,413
(corresponding to a share price in Exeger Sweden of approximately SEK 220);

– the warrants of Series 2021/23:3 have a strike price of SEK 13,541
(corresponding to a share price in Exeger Sweden of approximately SEK 240).

All warrants of Series 2021/23:1-3 mature in October 2023. According to the terms for these warrants, the exercise is “cashless”, meaning that each warrant holder upon exercise will not pay the strike price in cash but rather forfeit a number of shares, the market value of which (share price at the time minus the strike price) correspond to the strike price. Upon exercise, no cash will therefore be contributed to Exeger Operations AB but instead the dilution from the warrants of Series 2021/23:1-3 will be lower.

The warrants have been, and will be, allocated to Exeger employees in order to offer a long-term incentive.