Fragbite

TERMS
The incentive programme comprises the issue and allocation of a total of 630,000 warrants, where one (1) warrant entitles the holder to acquire one (1) new share in the Company. The Warrants comprise 21 series that can be exercised over a period of between 6 and 60 months, with the last series expiring on 30 June 2030. The subscription price for the series ranges from SEK 15 to SEK 65. The number of warrants per series is gradually increased during the period, from 10,000 warrants per series at the beginning up to 50,000 warrants per series at the end of the period. The Warrants are issued at a price corresponding to the market value of the Company of SEK 5.32 per share. The allocation has been made on market terms and has been preceded by a valuation according to Black & Scholes' recognised warrant valuation model.

PURPOSE
The Board has resolved to issue the Warrants in order to create strong incentives in line with the shareholders’ interests. The incentive programme is directed at an individual key team member in conjunction with the start-up of a new business area. The key team member is Patrik von Bahr, whose remuneration for the role as Treasury Director will be fully covered by the Warrants.

NUMBER OF SHARES AND SHARE CAPITAL
If all Warrants are subscribed for during the period up to and including 30 June 2030, the number of shares in Fragbite Group will increase from 7 340 223 shares to 7 970 223 shares, which means a total maximum dilution of approximately 8.58 per cent in relation to the total number of outstanding shares and votes in the Company as of today's date. Should all Warrants be subscribed for, the Company's share capital will increase from approximately SEK 3 670 111,50 to approximately SEK 3 985 111,50.

AUTHORISATION
The Warrants are issued under the authorisation of the Annual General Meeting on 3 June 2025.