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Investor Relations

Group structure and ownership

Updated 20220519

Exeger Operations AB is the operating company of the group, containing all the assets, employees and operations. Exeger Sweden AB (publ) is a passive holding company, the only asset of which is its holding in Exeger Operations AB.

Exeger Operations AB is owned by Exeger Sweden AB (publ) (804,456 ordinary shares or 96.02%) and SoftBank Group Corp (33,308 preference shares or 3.98%). The preference shares give SoftBank Group Corp a 1x liquidation preference on its investment in case Exeger Operations AB is liquidated.

The shares of both Exeger Sweden AB (publ) and Exeger Operations AB are registered in the record day register through Euroclear AB. The share ledgers are updated quarterly and copies of Exeger Sweden AB (publ)’s share ledger can be provided upon request to ir@exeger.com.

Exeger Sweden AB (publ)

Exeger Sweden AB (publ), Org. ID 556777-6926, has 44,388,815 shares outstanding.
The ISIN is SE0004871754.

Exeger Operations AB

Exeger Operations AB, Org. ID 559073-6806, has 837,764 shares outstanding, of which 804,456 are ordinary shares and 33,308 are preference shares.
The ISIN for the ordinary shares is SE0012506905 and ISIN for the preference shares is SE0012506921.

Warrant programs

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

There are 77,777 outstanding warrants of Series 2018/23:1 in Exeger Operations AB, 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 AB (publ) 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 AB. In addition, there are 10,264 outstanding warrants of each of Series 2021/23:1-3 in Exeger Operations AB (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 AB (publ) 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 AB (publ) of approximately SEK 220). The warrants of Series 2021/23:1 have a strike price of SEK 13,541 (corresponding to a share price in Exeger Sweden AB (publ) 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 warrants, 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 this warrant program will be lower.

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