The Board and management of the Company, as well as companies affiliated with them, intend to exercise warrants corresponding to approximately 27 percent of the outstanding warrants of series TO7 in Terranet AB

Terranet AB (publ) (”Terranet” or the "Company") hereby announces the Board and management of the Company, as well as companies affiliated with them, intend to exercise their warrants of series TO7, an investment of approximately SEK 3.6 million, corresponding to approximately 27 percent of the total amount of outstanding warrants of series TO7. The subscription period for the warrants of series TO7 is currently ongoing and will continue up until June 3, 2024.

The Board and management of the Company, as well as companies affiliated with them, intend to exercise their warrants of series TO7 as detailed below:

Name	Position	Subscribed amount, number of TO7	Subscribed amount, SEK
Maida Vale Capital AB	Major shareholder	47,358,858	3,457,197
Magnus Andersson	CEO	833,331	60,833
Anders Blom	Member of the Board	520,000	37,960
Torgny Hellström	Chairman of the Board	333,333	24,333
Total		49,045,522	3,580,323

The subscription of warrants of series TO7 will on Maida Vale’s part result in a significant increase of the company’s ownership stake in Terranet.

Combined, the Board and management of the Company, as well as companies affiliated with them, intend to exercise 49,045,522 warrants of series TO7, corresponding to a total of SEK 3.6 million.

If all the warrants of series TO7 are exercised, the Company will receive approximately SEK 13.3 million before issuing costs. To prevent the warrants expiring without value, the holder must actively subscribe for new shares, no later than June 3, 2024. Please be aware that certain nominees may close their application earlier than June 3, 2024. Complete terms and conditions for the warrants are available at the Company’s website, www.terranet.se/en.

Summarized terms for the warrants of series TO7:

Subscription period: May 20, 2024 – June 3, 2024.

Issue size: 182,664,660 warrants of series TO7, which entitles to subscription of 182,664,660 B-shares. If all warrants are exercised, the Company will receive approximately SEK 13.3 million before issuing costs.