Bawat Water Technologies

The shareholders of Bawat Water Technologies AB are hereby given notice to the extraordinary general meeting that will be held on October 8, 2026, at 14.00 CEST, at the premises of Advokatfirman Lindahl, Pråmplatsen 4 in Malmö, Sweden. Registration starts at 13.30 CEST.

Right to attend and notification

Shareholders wishing to attend the meeting must

(i)                   be entered as a shareholder in the share register kept by Euroclear Nordics AB as of September 30, 2026, and

(ii)                 give written notice to the company of their intention to attend, no later than October 2, 2026, by post to Advokatfirman Lindahl KB, Att. Bawat Extraordinary General Meeting, Box 5898, 102 40 Stockholm, Sweden or by e-mail to leo.mileblad@lindahl.se.

When giving notice, please state your name or company name, personal ID or company registration number, address and daytime telephone number. The registration procedure described above should preferably also be used for registration of any advisors (two maximum). The notification must, if applicable, be accompanied by proxies, registration certificates and other authorisation documents. See below for further information on the processing of personal data.

Nominee registered shares

To be entitled to attend the meeting, holders of nominee registered shares must instruct the nominee to have the shares registered in the holder’s own name, so that the holder is entered in the share register kept by Euroclear Nordics AB on the record date as of September 30, 2026. Registration in this way may be temporary (so called voting rights registration) and is requested from the nominee in accordance with the nominee’s routines. Voting rights registration that has been requested in such time that the registration has been completed by the relevant nominee no later than October 2, 2026, will be taken into account in the preparation of the share register.

Proxy and proxy form

Anyone who does not attend the meeting in person may exercise their right at the meeting via a proxy in possession of a signed and dated form of proxy. A proxy form is available on the company’s website: www.bawat.com, and is also sent to shareholders upon request. If the proxy is issued by a legal entity, a copy of their registration certificate or equivalent authorisation documents must be attached. The proxy must have been issued within the past year unless a longer period of validity is specified on the form of proxy, subject to a maximum of five years. To facilitate entry to the meeting, proxy forms, registration certificates and other authorisation documents should be received by the company well in advance prior to the meeting.

Proposed agenda

1. Opening of the meeting
2. Election of chair of the meeting
3. Preparation and approval of voting list
4. Approval of the agenda
5. Election of one or two persons to approve the minutes
6. Examination of whether the meeting has been duly convened
7. Resolution on approval of the board’s resolution on a directed share issue
8. Closure of the meeting 
    

Proposals:

Election of chair of the meeting (item 2)

The board proposes that Carl-Johan Krusell, or if he is prevented from attending, the person the board proposes in his place, be elected chair of the general meeting.

Resolution on approval of the board’s resolution on a directed share issue (item 7)

The board proposes that the general meeting resolves to approve the board’s resolution on an increase in the company’s share capital through an issue of new shares in accordance with the following.

1. The company’s share capital shall be increased with no more than SEK 13,741.794 through an issue of no more than 832,836 shares.
2. The right to subscribe for shares shall, with deviation from the shareholders' preferential rights, vest in chairman of the board Klaus Nyborg.
3. Subscription of shares shall be made no later than 15 October 2026. Subscription shall be made on a subscription list. The board of directors shall have the right to resolve on an extension of the subscription period.
4. Payment for subscribed shares shall be made in cash no later than 15 October 2026. The board of directors shall have the right to resolve on an extension of the payment period.
5. Payment for subscribed shares which exceeds the quota value of the shares shall in its entirety be added to the share premium fund.
6. The subscription price is SEK 0.84 per share. The subscription price has been determined by the board of directors of the company following arm’s-length negotiations with the investors and potential external investors, and reflects the current industry and market conditions and demand. The subscription price is therefore considered by the board of directors to correspond to the shares' market value.
7. The new shares entitle to dividend for the first time on the record date for dividends that occurs the closest after the new shares are registered in the share register kept by Euroclear Nordics AB.
8. The reasons for the deviation from the shareholders' preferential rights are as follows.The board of directors of the company has made an overall assessment and carefully considered different alternatives to meet the company’s capital needs.

Regarding the possibility of raising capital through a rights issue, the board of directors considers that, for several reasons, it is currently more advantageous for the company and its shareholders to raise capital through a directed share issue. A rights issue could have a negative impact on the company, since (i) it would entail higher costs for the company, (ii) it would take considerably longer to carry out, with increased exposure to potential market volatility, and (iii) it would likely need to be carried out at a significant discount, with a risk of a negative effect on the share price. The issue is also carried out to enable the investor to further strengthen the company's financial position and liquidity through cash payment. The issue is made on mainly the same terms as a separate directed share issue carried out to other investors.

In light of the above, the board of directors has made the assessment that the directed share issue with deviation from the shareholders' preferential rights is the most favorable alternative for the company and in the best interest of the company's shareholders.

The board of directors, or its nominee, is entitled to decide on any minor changes in the decision of the board of directors that may be required when registering the decision with the Swedish Companies Registration Office, Euroclear Nordics AB or due to other formal requirements.

Majority requirements

A resolution in accordance with item 7 is valid only if supported by shareholders holding at least nine-tenths of both the votes cast and the shares represented at the meeting.

Documents

All documents pursuant to the Swedish Companies Act will be available at the company and on the company's website www.bawat.com and will be sent immediately and without charge to the recipient to any shareholders who so request and state their postal address. The documents will also be available at the meeting.

Information at the meeting

Shareholders are reminded of their right to request information from the board of directors and the CEO at the general meeting in accordance with the Swedish Companies Act.

Processing of personal data

For information on how your personal data is processed, please see https://www.euroclear.com/dam/ESw/Legal/Privacy-notice-bolagsstammor-engelska.pdf

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Bawat Water Technologies AB (publ)

The board of directors