Climeon

Overview of the terms for the Warrants and important dates
The subscription price for a class B share subscribed for by exercising the Warrants has been set at SEK 0.55 and corresponds, in accordance with the terms of the Warrants, to 70 percent of the volume weighted average price (VWAP) of the Company's class B-share on Nasdaq First North Premier Growth Market during the measurement period running from and including 20 May 2024 up to and including 31 May 2024. The subscription period commences on Monday, 3 June 2024 and runs until 17 June 2024. Warrants that are not exercised for subscription will lapse without value. For warrant holders who do not intend to exercise the Warrants, there is the possibility to sell the Warrants at market value.
 
The full terms and conditions of the Warrants are available on the Company's website, https://climeon.com/rights-issue-2023.
 
Trading in the Warrants
The Warrants are admitted to trading on Nasdaq First North Premier Growth Market under the ticker CLIME TO 1 B and with ISIN SE0021020765. The last day of trading in the Warrants will be 12 June 2024.
 
Warrants registered with nominees
For warrant holders who hold their Warrants in a custody account, investment savings account or endowment insurance (nominee-registered ownership), subscription and payment are made through the nominee who provides further instructions on how the Warrants can be utilized for subscription of class B shares. The warrant holder should contact its nominee well in advance of the end of the subscription period for further instructions, as nominees have different procedures and processing times.
 
Holders with directly registered Warrants (securities account, Sw. VP-konto)
Application for subscription is made via an application form available on the Company's website, www.climeon.com and DNB Bank ASA, filial i Sverige website, www.dnb.se/emission. A pre-printed application form has been sent to directly registered warrant holders. Payment is made according to instructions on the application form. Both the application form and payment must be received by DNB Bank ASA, Sweden branch no later than 15:00 on 17 June 2024.
 
For more information, please contact:
Lena Sundquist, CEO Climeon
+46 708 34 52 28
lena.sundquist@climeon.com
 
Carl Arnesson, CFO Climeon
+46 700 80 75 00
carl.arnesson@climeon.com
 
About Climeon AB (publ)
Climeon is a Swedish product company operating within the energy technology sector. Climeon's proprietary technology, the Climeon HeatPower system, uses an Organic Rankine Cycle (ORC) process to convert low-temperature heat into clean, carbon free electricity. Providing access to dependable and cost-effective sustainable power, HeatPower enables industries to increase energy efficiency, decrease fuel consumption, and reduce emissions. As a non-weather-dependent source of green energy, HeatPower has the potential to diversify and safeguard the renewable energy mix and, therefore, accelerate the global transition to a net-zero future. Climeon's B shares are listed on the Nasdaq First North Premier Growth Market. FNCA Sweden AB is a Certified Adviser. Learn more at climeon.com.
 
IMPORTANT INFORMATION
The publication, release or distribution of this press release in certain jurisdictions may be restricted by law and persons in the jurisdictions in which this press release has been published or distributed should inform themselves about and observe any such legal restrictions. The recipient of this press release is responsible for using this press release and the information contained herein in accordance with the applicable rules in each jurisdiction. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in Climeon in any jurisdiction, neither from Climeon nor from anyone else.
 
This press release is not a prospectus within the meaning of Regulation (EU) 2017/1129 (the "Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction.
 
This press release does not identify or purport to identify any risks (direct or indirect) that may be associated with an investment in the Company. Investors are encouraged to consult their own advisors in relation to an investment in the Company.
 
This press release does not constitute an offer or invitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an applicable 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 absent registration or an applicable 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 announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, in or into the United States, Australia, Belarus, Canada, Hong Kong, Japan, New Zealand, Russia, Singapore, South Africa, South Korea, Switzerland or any other jurisdiction in which such distribution would require additional prospectuses, registration or other measures in addition to those required by Swedish law, is prohibited, or otherwise contravenes applicable rules in such jurisdiction or cannot be made without the application of an exemption from such measures. Actions in violation of this instruction may constitute a violation of applicable securities legislation.