Final Results of Inission AB's Mandatory Public Tender Offer for All Shares Issued by Enedo Plc - Seite 2

According to the final results of the Tender Offer, the shares tendered in the Tender Offer represent approximately 15.42 % of all the shares and votes in Enedo. Of these, in total 295 Enedo shareholders (3 932 851 shares in Enedo) chose share consideration in the Tender Offer and in total 1 824 Enedo shareholders (6 630 428 shares in Enedo) chose cash consideration in the Tender Offer.

Together with the Enedo shares already held by Inission prior to the Tender Offer, the shares tendered in the Tender Offer represent in the aggregate approximately 95.85 % of all the shares and votes in Enedo.

The cash consideration will be paid to the shareholders who have validly accepted the Tender Offer in accordance with the terms and conditions of the Tender Offer on 5 October 2022. The actual time of receipt of the payment by tendering shareholders will depend on the time required to process the onward payments by financial institutions.

The share consideration will be paid to the shareholders who have validly accepted the Tender Offer in accordance with the terms and conditions of the Tender Offer on or about 20 October 2022. Pursuant to the terms and conditions of the Tender Offer, 0.086 new Inission Class B shares will be given for each Enedo share. To execute the share consideration, the Board of Directors of Inission has today resolved on a directed share issue to the Enedo shareholders whose shares have been validly tendered in accordance with the terms and conditions of the Tender Offer and who have chosen the share consideration. The total number of new Inission Class B Shares issued is 338 225. The subscription price shall be paid in contribution in kind by a total number of 3 932 851 Enedo shares valued at EUR 0.26 (SEK 2.83) per share.

As a result of the consummation of the Tender Offer, the ownership of the Offeror in Enedo shall exceed 90 % of all the shares and votes in Enedo and thus the Offeror will commence the redemption proceedings for the minority shares pursuant to Chapter 18 of the Finnish Companies Act. In such redemption proceedings, the Offeror will demand that the redemption price for the remaining shares in Enedo is to be set at EUR 0.26 per share which corresponds to the cash consideration paid by the Offeror in the Tender Offer in accordance with the terms and conditions of the Tender Offer.