The first day of trading in Tellus Group’s Series TO2 warrants is March 4, 2024

Tellusgruppen AB (publ) (“Tellusgruppen” or “the Company”) announces that the Series TO2 warrants will be admitted to trading on Nasdaq First North Stockholm on March 4, 2024. On January 25, 2024, Tellusgruppen announced—subject to approval at the extraordinary general meeting on February 14, 2024—that the board of directors had decided to distribute 1,427,594 Series TO2 warrants to the Company’s shareholders as of the record date of February 20, 2024.

The Series TO2 warrants will be traded under ISIN code: SE0021513272 and the ticker symbol: TELLUS TO2. Each Series TO2 warrant entitles the holder to subscribe for one (1) new share in the Company. The subscription price for subscribing for shares pursuant to a Series TO2 warrant amounts to 80 percent of the volume-weighted average price of the Company’s share during the period from April 24, 2024, through May 8, 2024, but no less than SEK 6.00 and no more than SEK 7.50. The warrants may be exercised to subscribe for new shares during the period from May 13, 2024, through May 27, 2024.

Financial Advisor
Mangold Fondkommission AB is serving as financial advisor, and Hellström Advokatbyrå KB is serving as legal advisor in connection with the Offering. Mangold Fondkommission AB is acting as the underwriter in connection with the Offering.

Important Information
The publication, release, or distribution of this press release may be subject to legal restrictions in certain jurisdictions. Recipients of this press release in jurisdictions where this press release has been published, released, or distributed should familiarize themselves with and comply with such legal restrictions. The recipient of this press release is responsible for using this press release and the information contained herein in accordance with applicable regulations in their respective jurisdiction. This press release does not constitute an offer or an invitation to acquire or subscribe for any securities in the Tellus Group in any jurisdiction, either from the Company or from any other party.

This press release neither identifies nor purports to identify risks (direct or indirect) that may be associated with an investment in the Company. The information in this press release is intended solely to provide background information, etc., regarding Series TO2 warrants and does not claim to be complete or exhaustive. No assurance is given regarding the accuracy or completeness of the information in this press release.

This press release does not constitute an offer or a solicitation to acquire or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States without registration, or without the application of an exemption from registration, under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States unless they are registered, covered by an 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 such securities in the United States. The information in this press release may not be disclosed, published, copied, reproduced, or distributed, directly or indirectly, in whole or in part, in or to the United Kingdom, the United States, Canada, Japan, Australia, Hong Kong, New Zealand, Switzerland, Singapore, South Africa, or any other jurisdiction where such disclosure, publication, or distribution of this information would be contrary to applicable laws and regulations.

Within the European Economic Area, no public offering of securities is being made in any country other than Sweden. In other member states of the European Union, such an offering may only be made in accordance with the exemptions provided for in the Prospectus Regulation (EU) 2017/1129.

Forward-Looking Statements
This press release contains forward-looking statements regarding the Company’s intentions, assessments, or expectations concerning the Company’s future results, financial position, liquidity, development, outlook, expected growth, strategies, and opportunities, as well as the markets in which the Company operates. Forward-looking statements are statements that do not relate to historical facts and can be identified by the use of terms such as “believes,” “expects,” “anticipates,” “intends,” “estimates,” “will,” “may,” “assume,” “should,” “could,” and, in any case, the negatives thereof, or similar expressions that imply indications or predictions regarding future developments or trends, and that are not based on historical facts. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on further assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there can be no guarantee that they will materialize or that they are correct. Since these assumptions are based on estimates and are subject to risks and uncertainties, the actual results or outcomes may, for many different reasons, differ materially from what is stated in the forward-looking statements. Such risks, uncertainties, contingencies, and other material factors may cause actual events to differ materially from the expectations expressly or implicitly stated in this press release through the forward-looking statements. The Company does not guarantee that the assumptions underlying the forward-looking statements in this press release are correct, and readers of this press release should not unduly rely on the forward-looking statements contained herein. The information, opinions, and forward-looking statements expressly or implicitly contained herein are provided only as of the date of this press release and are subject to change. Neither the Company nor any other party undertakes to review, update, confirm, or publicly announce any revision of any forward-looking statement to reflect events that occur or circumstances that arise regarding the content of this press release, unless required by law or the Nasdaq First North Growth Market Rulebook for Issuers of Shares.