No. 13 2025 Solar A/S completes offering of 646,000 new B-shares

Completion of offering and directed issue of new B-shares raising gross proceeds of DKK 123,386,000.

Today, 11 November 2025, the offering (the “Offering”) of 646,000 new B-shares (the “New Shares”) in Solar A/S (“Solar” or the "Company") has been successfully completed through an accelerated bookbuilding process. The New Shares will be issued as a result of Solar’s board of directors exercising the authorisation in article 9(2) of Solar’s articles of association according to which the board of directors is authorised to make share capital increases up to nominally DKK 64,600,000. Please refer to company announcement no. 12/2025.

The offer price is DKK 191 per share raising gross proceeds of DKK 123,386,000.

The offering has not been and will not be registered in the US.

Subject to certain conditions, Solar has in connection with the Offering agreed to undertake a customary lock up commitment for a period ending 180 calendar days from settlement of the Offering. In addition, the members of Solar’s executive board and board of directors have agreed to undertake a lock up commitment for a period ending 180 calendar days following admission to trading and official listing of the New Shares, subject to certain customary exceptions.

The proceeds from the Offering will be used to partly finance the acquisition of Sonepar Norge AS.

As the Offering was oversubscribed, an individual allocation of the New Shares was made.

Capital increase
Subject to settlement of the Offering, after the capital increase has been registered with the Danish Business Authority, the share capital of Solar will consist of nominally DKK 90,000,000 A-shares and nominally DKK 710,600,000 B-shares of DKK 100 each, equivalent to a total nominal value of DKK 800,600,000.

The New Shares represent approximately 10% of Solar’s total B-shares outstanding and approximately 8.78% of Solar’s registered share capital before the capital increase and will account for approximately 8.07% of Solar’s registered share capital upon completion of the capital increase.

Admission for trading and official listing
The New Shares will be issued in the systems of VP Securities A/S (“Euronext Securities”) and delivered to the investors in the temporary ISIN code DK0064531479. The temporary ISIN code DK0064531479 will be merged with the existing ISIN code for the existing B-shares, DK0010274844, as soon as possible following registration of the share capital increase with the Danish Business Authority. The temporary ISIN code will not be admitted to trading and official listing on Nasdaq Copenhagen A/S, but only registered in Euronext Securities for subscription of the New Shares.