Hexicon

Notice

Shareholders wishing to participate at the meeting must:

(i) be entered in the shareholders’ register, kept by Euroclear Sweden AB on the record day which is Friday 10 October 2025; and

(ii) notify the Company of their attendance and any assistant no later than Tuesday 14 October 2025. Notification can be made via letter to Setterwalls Advokatbyrå AB, Attn: Niclas Töreki, P.O. Box 1050, SE-101 39 Stockholm, Sweden or by e-mail to niclas.toreki@setterwalls.se.

Notification shall include full name, personal identification number or corporate registration number, address and daytime telephone number and, where appropriate, information about representative, proxy and assistants. The number of assistants may not be more than two. In order to facilitate entry to the meeting, notification should, where appropriate, be accompanied by powers of attorney, registration certificates and other documents of authority.

Nominee registered shares

Shareholders who have their shares registered in the name of a nominee must request temporary entry in the transcription of the share register kept by Euroclear Sweden AB (so-called voting rights registration) in order to be entitled to participate and vote for their shares at the meeting. The shareholder must inform the nominee well in advance of Friday 10 October 2025, at which time the register entry must have been made. Voting rights registration that has been requested by the shareholder at such time that the registration has been completed by the nominee no later than Tuesday 14 October 2025, will, however, be taken into account in the preparation of the share register.

Proxy voting

A shareholder represented by proxy shall issue a power of attorney which shall be dated and signed by the shareholder. If issued by a legal entity, the power of attorney shall also be accompanied by registration certificate or, if not applicable, equivalent documents of authority. Power of attorney forms for those shareholders wishing to participate by proxy will be available on the Company’s website www.hexicongroup.com. The original version of the power of attorney shall also be presented at the meeting.

Processing of personal data

For information regarding how your personal data is processed in connection with the general meeting, please refer to the privacy policy on Euroclear Sweden AB’s website, https://www.euroclear.com/dam/ESw/Legal/Privacy-notice-bolagsstammor-engelska.pdf.

Proposed agenda

1. Opening of the meeting and election of chairman of the meeting,

2. Preparation and approval of voting list,

3. Approval of the agenda,

4. Election of one or two persons who shall approve the minutes of the meeting,

5. Determination of whether the meeting has been duly convened,

6. Resolution on approval of the board of directors’ resolution regarding issue of warrants, and

7. Closing of the meeting.

PROPOSED RESOLUTIONS

Item 1. Opening of the meeting and election of chairman of the meeting

The board of directors proposes that attorney Martin Sandgren is elected chairman of the meeting.

Item 6. Resolution on approval of the board of directors’ resolution regarding issue of warrants

The board of directors proposes that the general meeting resolves to approve the board of directors’ resolution of 1 October 2025 on a directed new issue of not more than 158,017,575 warrants, entailing an increase in the share capital of not more than SEK 1,580,175.75 if the private placement is fully taken up.

The resolution shall otherwise be governed by the following terms and conditions.

1. The right to subscribe for the warrants, shall with deviation from the shareholders´ preferential rights only belong to the natural and legal persons listed below. The reason for the deviation from the shareholders' preferential rights is to fulfil the Company's obligations under the loan agreement previously entered into with the subscribers listed below, which was recently extended, and for which the current issue resolution was a condition.

1. The warrants shall be issued at no consideration.
2. Subscription for the warrants shall take place within three weeks of the date of the resolution to issue warrants.
3. The board of directors shall be entitled to extend the subscription period.
4. The warrant may be exercised to subscribe for new shares during the first week of any calendar quarter from and including the fourth quarter of 2025 up to and including the first week in July 2028. Any share premium shall be transferred to the unrestricted premium reserve.
5. Each warrant entitles its holder to subscribe for one (1) new share in the Company, at a subscription price per share of SEK 0.40. The subscription price shall never be lower than the quotient value of the Company’s shares.
6. In the event that the Company undertakes or announces the intention to undertake a new issuance of shares, warrants, or convertible debentures (a “New Issue”) during the term of the warrants, the following shall apply: The term of the warrants shall be extended by one (1) year from the original expiration date, and the subscription price of the warrants shall be adjusted to the lower of (i) the offering price per new share in the New Issue multiplied by 1.2 (the offering price refers to the subscription price for new shares, the subscription price of warrants, or the conversion price for convertibles in the New Issue), or (ii) SEK 0.40. However, the subscription price shall never be lower than the quotient value of the Company’s shares.
7. The complete terms and conditions for the warrants will be available on the Company’s website www.hexicongroup.com.
8. The board of directors or a person appointed by the board of directors shall be authorised to make any minor adjustments required to register the resolution with the Swedish Companies Registration Office.

Particular majority requirements

A resolution pursuant to item 6 is only valid if approved by shareholders representing at least two thirds of the votes cast as well as the shares represented at the meeting.

Number of shares and votes in the company

The total number of shares and votes in the Company at the time of issuance of this notice is 363,802,686. The Company does not hold any of its own shares.

Shareholders’ right to request information

Pursuant to chapter 7, section 32 of the Swedish Companies Act the board of directors and the CEO are under a duty to, if any shareholder so requests and the board of directors believe that it can be done without material damage to the Company, provide information at the meeting regarding circumstances that may affect the assessment of an item on the agenda. Such duty to provide information also comprises the Company’s relation to the other group companies, the consolidated financial statements and such circumstances regarding subsidiaries which are set out in the foregoing sentence.

Documentation

Full proposals and other documents to be made available pursuant to the Swedish Companies Act will be held available at the Company’s office not later than two weeks before the meeting and will be sent free of charge to shareholders who so request. The documents will also be made available not later than the aforementioned date on the Company's website www.hexicongroup.com. All the above-mentioned documents will also be presented at the general meeting.

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Stockholm, October 2025

HEXICON AB (publ)

The board of directors