Takorama Elteknik has been part of Soltech since 2020 and has gradually broadened its offering to offer solar energy solutions in addition to roof contracting. In 2023, the company made an add-on acquisition of the electrical engineering company Din Elkontakt, changed its name to Takorama Elteknik and developed the business into a full-service company with a complete comprehensive offering in roofing, solar energy, energy storage and electrical engineering. This has broadened the offering, created new business opportunities and delivered greater value for the company’s customers.

In this project, Takorama Elteknik has been the turnkey contractor and helped the property owner with everything from analysis to designing, delivering and installing a number of energy solutions. The company has installed switchgear, high-voltage service and a transformer station, laid waterproofing with additional insulation so that the roof will contribute to increasing the property’s energy efficiency.

The project also includes an energy storage facility of 1.5 MW, which, together with over 2,000 solar panels with a total output of approximately 1 MW, creates efficient and favorable energy production. Takorama Elteknik has also installed electric car charging and carried out other electrical installations in the property.

– We are very proud to be able to deliver a solution that optimizes the customer’s property’s energy. Our responsibilities span everything from energy storage to electrical installations, roofing, solar energy and switchgear. By actively broadening our offering, we can take a holistic approach to real estate’s energy optimization and efficiency. Something that meets the customers’ needs from both an energy perspective but also from an operational economic perspective when we can contribute to creating business benefits for the customer, says Mikael Johansson, CEO of Takorama Elteknik.

Lundbergs Fastigheter develops and manages attractive and sustainable urban environments where people want to live, work and meet. The business includes housing, offices as well as retail and meeting places, mainly in central locations. Lundbergs Fastigheter is a wholly owned subsidiary of the listed investment company Lundbergs. Now they have chosen to enlist the help of the Soltech company E-Mobility for the operation of their charging infrastructure.

“We chose E-Mobility because of their technical expertise, user-friendly interface and ability to adapt the solution to our needs. The platform gives us full control and flexibility in our work to always improve and refine our charging infrastructure,” says Arvid Nyqvist, Technology and Energy Manager at Lundbergs Fastigheter.

Platform for smart charging infrastructure
E-Mobility’s platform makes it possible to monitor, control and optimize charging infrastructure in real time. The system includes automated troubleshooting, dynamic load balancing, payment solutions, and support for both AC and DC charging.

“We are proud to have been entrusted by a company like Lundbergs Fastigheter. The fact that they choose our platform to manage their entire charging infrastructure shows that we deliver a robust and scalable solution that meets future requirements for operation, connectivity, monitoring and optimization of EV charging,” says Martin Götesson, CEO of E-Mobility.

Photo: Lundbergs Fastigheter/Soltech

CEO comment:

We are putting an intense quarter behind us in which we have taken an active and central role in the consolidation of the solar and battery market in Sweden through our acquisition of Sesol. An important and central part of the acquisition was also the addition of Nordic Capital as the largest shareholder, which after the completed rights issue now owns approximately 37% of the capital and votes. With a new main owner and a rights issue completed, we are well equipped to continue building solutions that create value.

In the quarter, we continue to see longer decision-making times and increased competition as a result of fewer projects started, especially in the construction sector. Although the market situation remains a challenge, we can nevertheless see a cautious stabilization and a long-term subdued need for our solutions. At the same time, work is ongoing to adapt the business ensuring that we are well equipped going forward. The energy economy for all properties has an important and growing role in society, which we contribute to through all our business areas: Roof, Electricity, Façade and Solar.

The results for the quarter show that we have a lot of work left to do to reach our wanted position. I am far from satisfied and it is our main priority to continue to adapt the operations to the current market situation with organizational changes, cost adjustments, efficiency, improvements and increased market penetration. I would like to emphasise that we continue to pursue various profitability-driving initiatives in the Group with full force. At all levels, functions and business operational areas.

During the period, our contractors, turnkey solutions and cross-industry offerings continued to create value for all types of property owners in markets that were characterised by uncertainty, weaker economic conditions and price pressure. As before, global uncertainty has affected customers’ willingness to invest. At the same time, it is positive that the energy subject is being discussed, clarified and are of growing importance for all industries and markets. Something that in the long term indicates a growing overall demand where our solutions breadth, technical height and proximity to the customer make it possible for us to quickly take advantage of new opportunities and customer needs.

With the support of our shareholders and guarantees, we have completed the rights issue with a total of approximately SEK 329 million before connected rights issue costs. This strengthens the Group’s financial conditions, positions us as a consolidating industry leader and provides both stability and long-term benefits for our subsidiaries in their business relationships. We can now start working on the prioritized investments we communicated in connection with the rights issue. With these new conditions and with a strong principal owner in Nordic Capital, we have the capacity and expertise to both accelerate the development of our businesses and build a strong and resilient group.

I would like to thank all new and existing shareholders who participated in the rights issue for your commitment and trust.

Patrik Hahne, CEO

Read the CEO’s comment in its entirety in the quarterly report.

Quarter 3: July 1 – September 30

• Net sales amounted to SEK 376.4 (608.3) million.
• The Group’s organic growth amounted to -46% (-18%).
• EBITDA amounted to SEK -22.9 (86.1) million. EBITDA margin amounted to -6.1% (14.2%). EBITDA was impacted by revaluation effects of SEK 0 (92.7) million. Excluding revaluations, EBITDA amounted to SEK -22.9 (-6.6) million.
• EBITA amounted to SEK -41.5 (70.4) million. EBITA margin was -11.0% (11.6%). EBITA was impacted by revaluation effects of SEK 0 (92.7) million. Excluding revaluations, EBITA amounted to SEK -41.5 (-22.3) million.
• Profit after tax for the period amounted to SEK -53.1 (-34.6) million.
• Cash flow from operating activities amounted to SEK -65.1 (-73.1) million. Cash flow for the period amounted to SEK 1.5 (-81.9) million.
• Earnings per share before and after dilution amounted to SEK -0.33 (-0.26).

Interim period: 1 January – 30 September

• Net sales amounted to SEK 1,208.8 (1,741.6) million.
• The Group’s organic growth amounted to -33% (-20%).
• EBITDA amounted to SEK -62.5 (135.6) million. EBITDA margin was -5.2% (7.8%). EBITDA was impacted by revaluation effects of SEK 5.5 (185.8) million. Excluding revaluations, EBITDA amounted to SEK -67.9 (-50.2) million.
• EBITA amounted to SEK -112.4 (89.6) million. EBITA margin was -9.3% (5.1%). EBITA was impacted by revaluation effects of SEK 5.5 (185.8) million. Excluding revaluations, EBITA amounted to SEK -117.9 (-96.2) million.
• Profit after tax for the period amounted to SEK -157.8 (-60.6) million.
• Cash flow from operating activities amounted to SEK -157.3 (-9.1) million. Cash flow for the period amounted to SEK -115.5 (-105.0) million.
• Earnings per share before and after dilution amounted to SEK -1.08 (-0.46).

Significant events during the quarter

• During the quarter, Soltech completed the acquisition of Sesol Group AB, a leading company in solar energy solutions for private individuals. The acquisition was carried out through a directed share issue to Nordic Capital, which thus became the largest shareholder. Sesol is included in the Group’s financial reports as of August 26.
• The Board of Directors resolved, subject to the approval of the Extraordinary General Meeting, to carry out a fully guaranteed rights issue of approximately SEK 329 million with preferential rights for existing shareholders. The aim was to strengthen the financial position, develop business areas and accelerate synergy effects and profitability-driving measures.

Significant events after the quarter

• The rights issue of 1,133,823,366 shares was completed on October 20, 2025 and was subscribed to approximately 69.5 percent, of which 67.4 percent with subscription rights and 2.0 percent without. Guarantee commitments of 346,047,248 shares, corresponding to approximately 30.5 percent, were utilized. The issue provided the company with approximately SEK 329 million before issue costs. The last day of trading in paid subscribed shares was 29 October 2025 and trading in the new shares commenced on 4 November 2025. Through the rights issue, Soltech’s share capital increased by SEK 56.7 million to SEK 66.1 million. The number of shares increased from 188.9 million to approximately 1.32 billion.

The quarterly report and other financial reports are available at: https://soltechenergy.com/en/investors/financial-reports-calendar/

Tlab is an electrical engineering company in the Soltech Group that offers everything in electrical engineering, energy efficiency, smart control, automation and solar energy services for companies, the public sector and private individuals. With cutting-edge expertise in complex and extensive electrical installations, they help enable their customers’ energy production and optimization. The company has now been commissioned to install solar energy and battery solutions at eight construction sheds at Implenia’s establishment at Arlanda. Implenia Sverige AB is a multinational construction and infrastructure company that works for tomorrow’s infrastructure in the Swedish market.

The installation Tlab will carry out consists of mobile solar cell modules developed by the Soltech company Fasadsystem, specially developed for construction sheds and temporary modular properties. The solar energy solutions will contribute solar electricity to the sheds, which need electricity for heating in the winter and for cooling during the summer months, among other things.

The solar modules that are installed are foldable and movable, which makes them a flexible solution for an industry that often has temporary workplaces and establishments. Using solar energy to power construction sheds also contributes to a reduced need for diesel and fossil fuels.

“To be able to support Implenia in the electrification of their construction sheds feels inspiring and a great first project together. They are active in large-scale infrastructure projects and we are proud to be entrusted with contributing to both energy efficiency and reduced climate impact for their establishment at Arlanda. This project shows how the Soltech Group can develop and install energy solutions for a more electrified and climate-smart construction sector,” says Joakim Persson, CEO of Tlab.

A scalable sustainability initiative
Implenia is a multinational construction and infrastructure company that builds infrastructure in Sweden. The investment in solar and batteries at their establishment in Arlanda will now be one of many initiatives in their long-term sustainability work.

“We see this as a concrete and scalable way to integrate green energy into our daily operations. Construction sheds are a natural part of every project and establishment, and by making them self-sufficient in electricity, we can reduce the need for fossil energy sources and at the same time inspire more climate-smart solutions in the industry,” concludes Therése Rönnkvist-Mickelson, Head of Sustainability at Implenia Sweden.

The Rights Issue is comprised of 1,133,823,366 shares, of which 764,591,286 shares, corresponding to approximately 67.4 percent of the Rights Issue, have been subscribed for with the support of subscription rights in the Rights Issue. Additionally, applications for subscription of 23,184,832 shares without the support of subscription rights, corresponding to approximately 2.0 percent of the Rights Issue, have been received. Thus, the Rights Issue is subscribed for to approximately 69.5 percent. Hence, guarantee commitments of 346,047,248 shares, corresponding to approximately 30.5 percent of the Rights Issue, will be utilized. The Rights Issue will provide the Company with proceeds of approximately SEK 329 million before deduction of costs related to the Rights Issue.

The last day of trading in paid subscribed shares (Sw. BTA) is expected to be on 29 October 2025. The new shares subscribed for with and without the support of subscription rights are expected to be admitted to trading on Nasdaq First North Growth Market on or around 4 November 2025.

Those who have subscribed for shares without the support of subscription rights will be allotted shares in accordance with the principles set out in the information document published by the Company on 1 October 2025. Notice of allotment to the persons who subscribed for shares without the support of subscription rights is expected to be distributed via contract note on 23 October 2025. Allotted shares shall be paid in cash in accordance with the instructions on the contract note. Subscribers who have subscribed through a nominee will receive notification of allotment in accordance with their respective nominee’s procedures. Only those who have been allotted shares will be notified.

Through the Rights Issue, Soltech’s share capital will increase by SEK 56,691,168.30, from SEK 9,448,528.05 to SEK 66,139,696.35. The number of shares in the Company will increase by 1,133,823,366, from 188,970,561 shares to 1,322,793,927 shares, which corresponds to a dilution of approximately 85.7 percent of the total number of shares and votes in the Company for existing shareholders that have not participated in the Rights Issue.

Advisors
SB1 Markets, filial i Sverige is acting as Sole Global Coordinator and Bookrunner and Snellman Advokatbyrå AB is acting as legal advisor in connection with the Rights Issue.

For more information, please contact:
Patrik Hahne, CEO, Soltech Energy Sweden AB (publ)
E-mail: patrik.hahne@soltechenergy.com
Phone: 073 518 51 66

The information was submitted for publication, through the agency of the contact person set out above, at 08:30 CEST on 23 October 2025.

Important information
The release, announcement or distribution of this press release may, in certain jurisdictions, be subject to restrictions. The recipients of this press release in jurisdictions where this press release has been published or distributed shall inform themselves of and follow such legal restrictions. The recipient of this press release is responsible for using this press release, and the information contained herein, in accordance with 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 Soltech in any jurisdiction, neither from Soltech nor from someone else.

This press release is not a prospectus for the purposes of Regulation (EU) 2017/1129 (the “Prospectus Regulation”) and has not been approved by any regulatory authority in any jurisdiction. In connection with the Rights Issue, the Company has prepared an information document in accordance with Article 1.4 (db) of the Prospectus Regulation. The information document has been prepared in accordance with the requirements of annex IX to the Prospectus Regulation and is available on the Company’s website.

This announcement does not identify or suggest, or purport to identify or suggest, the risks (direct or indirect) that may be associated with an investment in the Company. The information contained in this announcement relating to the Rights Issue is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. SB1 Markets, filial i Sverige (“SB1 Markets”) is acting for Soltech in connection with the Rights Issue and no one else and will not be responsible to anyone other than Soltech for providing the protections afforded to its clients nor for giving advice in relation to the Rights Issue or any other matter referred to herein. SB1 Markets is not liable to anyone else for providing the protection provided to their customers or for providing advice in connection with the Rights Issue or anything else mentioned herein.

This press release does not constitute or form part of an offer or solicitation 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 exemption from registration under the US Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold within 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 Rights Issue of the 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, within or into the US, the United Kingdom, Australia, Belarus, Canada, Hong Kong, Israel, Japan, New Zeeland, Russia, Singapore, South Africa, South Korea, Switzerland or in any other jurisdiction where such announcement, publication or distribution of the information would not comply with applicable laws and regulations or where such actions are subject to legal restrictions or would require additional registration or other measures than what is required under Swedish law. Actions taken in violation of this instruction may constitute a crime against applicable securities laws and regulations.

In the United Kingdom, this document and any other materials in relation to the securities described herein is only being distributed to, and is only directed at, and any investment or investment activity to which this document relates is available only to, and will be engaged in only with, “qualified investors” (within the meaning of the Prospectus Regulation as it forms part of domestic law in the United Kingdom by virtue of the European Union (Withdrawal) Act 2018) who are (i) persons having professional experience in matters relating to investments who fall within the definition of “investment professionals” in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). In the United Kingdom, any investment or investment activity to which this communication relates is available only to, and will be engaged in only with, relevant persons. Persons who are not relevant persons should not take any action on the basis of this press release and should not act or rely on it.

Forward-looking statements
This press release contains forward-looking statements that reflect the Company’s intentions, beliefs, or current expectations about and targets for the Company’s and the Group’s future results of operations, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Company and the Group operates. Forward-looking statements are statements that are not historical facts and may be identified by words such as “believe”, “expect”, “anticipate”, “intend”, “may”, “plan”, “estimate”, “will”, “should”, “could”, “aim” or “might”, or, in each case, their negative, or similar expressions. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurances that they will materialize or prove to be correct. Because these statements are based on assumptions or estimates and are subject to risks and uncertainties, the actual results or outcome could differ materially from those set out in the forward-looking statements as a result of many factors. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The Company does not guarantee that the assumptions underlying the forward-looking statements in this press release are free from errors and readers of this press release should not place undue reliance on the forward-looking statements in this press release. The information, opinions and forward-looking statements that are expressly or implicitly contained herein speak only as of its date and are subject to change without notice. Neither the Company nor anyone else undertake to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this press release, unless it is required by law or Nasdaq First North Growth Market’s rule book for issuers.

The preliminary outcome indicates that 764,534,322 shares, corresponding to approximately 67.4 per cent of the Rights Issue, have been subscribed for with the support of subscription rights in the Rights Issue. Additionally, applications for subscription of 23,184,832 shares without the support of subscription rights, corresponding to approximately 2.0 per cent of the Rights Issue, have been received. Thus, the preliminary outcome indicates that the Rights Issue is subscribed for to approximately 69.5 per cent, with and without the support of subscription rights and that guarantee commitments of 346,104,212 shares, corresponding to approximately 30.5 per cent of the Rights Issue, will be utilized.

Soltech will receive approximately SEK 329 million before deduction of transaction costs, which are estimated to approximately SEK 33.3 million. Through the Rights Issue, Soltech’s share capital will increase by SEK 56,691,168.30, from SEK 9,448,528.05 to SEK 66,139,696.35, by issuing 1,133,823,366 new shares. After the Rights Issue, the number of shares in Soltech will amount to a total of 1,322,793,927.

Those who have subscribed for shares without the support of subscription rights will be allotted shares in accordance with the principles set out in the information document published by the Company on 1 October 2025. Notice of allotment to the persons who subscribed for shares without the support of subscription rights is expected to be distributed via contract note on 23 Oktober 2025. Allotted shares shall be paid in cash in accordance with the instructions on the contract note. Subscribers who have subscribed through a nominee will receive notification of allotment in accordance with their respective nominee’s procedures. Only those who have been allotted shares will be notified.

The final outcome of the Rights Issue is expected to be published on 23 October 2025. The last day of trading in paid subscribed shares (Sw. BTA) is expected to be on 29 October 2025. The new shares subscribed for with and without the support of subscription rights are expected to be admitted to trading on Nasdaq First North Growth Market on or around 4 November 2025.

Advisors
SB1 Markets, filial i Sverige is acting as Sole Global Coordinator and Bookrunner and Snellman Advokatbyrå AB is acting as legal advisor in connection with the Rights Issue.

For more information, please contact:
Patrik Hahne, CEO, Soltech Energy Sweden AB (publ)
E-mail: patrik.hahne@soltechenergy.com
Phone: 073 518 51 66

The information was submitted for publication, through the agency of the contact person set out above, at 08:30 CEST on 21 October 2025.

Important information
The release, announcement or distribution of this press release may, in certain jurisdictions, be subject to restrictions. The recipients of this press release in jurisdictions where this press release has been published or distributed shall inform themselves of and follow such legal restrictions. The recipient of this press release is responsible for using this press release, and the information contained herein, in accordance with 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 Soltech in any jurisdiction, neither from Soltech nor from someone else.

This press release is not a prospectus for the purposes of Regulation (EU) 2017/1129 (the “Prospectus Regulation”) and has not been approved by any regulatory authority in any jurisdiction. In connection with the Rights Issue, the Company has prepared an information document in accordance with Article 1.4 (db) of the Prospectus Regulation. The information document has been prepared in accordance with the requirements of annex IX to the Prospectus Regulation and is available on the Company’s website.

This announcement does not identify or suggest, or purport to identify or suggest, the risks (direct or indirect) that may be associated with an investment in the Company. The information contained in this announcement relating to the Rights Issue is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. SB1 Markets, filial i Sverige (“SB1 Markets”) is acting for Soltech in connection with the Rights Issue and no one else and will not be responsible to anyone other than Soltech for providing the protections afforded to its clients nor for giving advice in relation to the Rights Issue or any other matter referred to herein. SB1 Markets is not liable to anyone else for providing the protection provided to their customers or for providing advice in connection with the Rights Issue or anything else mentioned herein.

This press release does not constitute or form part of an offer or solicitation 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 exemption from registration under the US Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold within 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 Rights Issue of the 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, within or into the US, the United Kingdom, Australia, Belarus, Canada, Hong Kong, Israel, Japan, New Zeeland, Russia, Singapore, South Africa, South Korea, Switzerland or in any other jurisdiction where such announcement, publication or distribution of the information would not comply with applicable laws and regulations or where such actions are subject to legal restrictions or would require additional registration or other measures than what is required under Swedish law. Actions taken in violation of this instruction may constitute a crime against applicable securities laws and regulations.

In the United Kingdom, this document and any other materials in relation to the securities described herein is only being distributed to, and is only directed at, and any investment or investment activity to which this document relates is available only to, and will be engaged in only with, “qualified investors” (within the meaning of the Prospectus Regulation as it forms part of domestic law in the United Kingdom by virtue of the European Union (Withdrawal) Act 2018) who are (i) persons having professional experience in matters relating to investments who fall within the definition of “investment professionals” in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). In the United Kingdom, any investment or investment activity to which this communication relates is available only to, and will be engaged in only with, relevant persons. Persons who are not relevant persons should not take any action on the basis of this press release and should not act or rely on it.

Forward-looking statements
This press release contains forward-looking statements that reflect the Company’s intentions, beliefs, or current expectations about and targets for the Company’s and the Group’s future results of operations, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Company and the Group operates. Forward-looking statements are statements that are not historical facts and may be identified by words such as “believe”, “expect”, “anticipate”, “intend”, “may”, “plan”, “estimate”, “will”, “should”, “could”, “aim” or “might”, or, in each case, their negative, or similar expressions. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurances that they will materialize or prove to be correct. Because these statements are based on assumptions or estimates and are subject to risks and uncertainties, the actual results or outcome could differ materially from those set out in the forward-looking statements as a result of many factors. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The Company does not guarantee that the assumptions underlying the forward-looking statements in this press release are free from errors and readers of this press release should not place undue reliance on the forward-looking statements in this press release. The information, opinions and forward-looking statements that are expressly or implicitly contained herein speak only as of its date and are subject to change without notice. Neither the Company nor anyone else undertake to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this press release, unless it is required by law or Nasdaq First North Growth Market’s rule book for issuers.

The Soltech company has now completed the 5 MW Vimarka solar park, which will be an addition to the municipal energy company Tekniska verken’s investment in local and renewable electricity production with the help of solar and wind power. In total, the installation covers an area of almost six full-size football pitches^*. In addition to the design and construction of the park, Soltech Energy Solutions will continuesly be responsible for operational monitoring and maintenance.

“It feels great that our subsidiary Soltech Energy Solutions has completed another solar park project, this time in collaboration with Tekniska verken. Their competent team continues to deliver solar energy projects contributing to reduced carbon emissions, a more secure local energy supply and long-term value for both customers and society,” says Patrik Hahne, CEO of Soltech Energy.

Good conditions for solar energy
Tekniska verken offers solutions in areas such as electricity, water, district heating, waste management, broadband and biogas. Solar parks such as this one play an important role in the company’s sustainability efforts and the Linköping area has good solar radiation well suited for solar cell installations.

One of Tekniska verken’s guiding principles in the development of new solar parks is that they should be small-scale, preferably no larger than five hectares. They should also blend into the surroundings as much as possible and develop on land areas that are not used for food production.

The solar panels can also help to keep the landscape open where, for example, agricultural land is currently being overgrown. Climbing plants and meadow flowers are given a good growing environment, sheep and goats can graze the land and biodiversity increases with more insects and small birds.

“We have a stated ambition to invest in renewable electricity production, and solar energy is definitely a growing energy source in a sustainable and resilient society. It has unique properties in that it is both scalable and flexible – and it leaves no residues. With our new solar park, we are increasing access to fossil-free electricity in the region, and taking another step towards a resource-efficient society that will continue in the future ,” says Johan Sääf, project developer solar power, Tekniska verken.

*football pitch estimated at about 7,140 sqm
*household electricity estimated at about 5,000 kWh/annually

In connection with the Rights Issue, the Company has prepared the Information Document in accordance with article 1.4 first subparagraph (db) and annex IX to Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017.

Soltech today announces that the Information Document has been registered with the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) and is available on the Company’s website www.soltechenergy.com/en.

Timetable for the Rights Issue

• Last day of trading in the share with the right to receive subscription rights 30 September 2025
• First day of trading in the share without the right to receive subscription rights 1 October 2025
• Record date for the right to receive subscription rights 2 October 2025
• Trading in subscription rights 6 – 15 October 2025
• Subscription period 6 – 20 October 2025
• Trading in paid subscribed shares (Sw. Betalda tecknade aktier) 6 – 29 October 2025
• Estimated day for announcement of preliminary outcome of the Rights Issue 21 October 2025
• Estimated day for announcement of final outcome of the Rights Issue 23 October 2025

The Company’s interim report for the period January-September 2025 will be published on 25 November 2025.

Advisors
SB1 Markets, filial i Sverige is acting as Sole Global Coordinator and Bookrunner and Snellman Advokatbyrå AB is acting as legal advisor in connection with the Rights Issue.[1]

For more information, please contact:
Patrik Hahne, CEO, Soltech Energy Sweden AB (publ)
E-mail: patrik.hahne@soltechenergy.com
Phone: 073 518 51 66

The information was submitted for publication, through the agency of the contact person set out above, at 3:15 PM CEST on 1 October 2025.

Important information
The release, announcement or distribution of this press release may, in certain jurisdictions, be subject to restrictions. The recipients of this press release in jurisdictions where this press release has been published or distributed shall inform themselves of and follow such legal restrictions. The recipient of this press release is responsible for using this press release, and the information contained herein, in accordance with 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 Soltech in any jurisdiction, neither from Soltech nor from someone else.

This press release is not a prospectus for the purposes of Regulation (EU) 2017/1129 (the “Prospectus Regulation”) and has not been approved by any regulatory authority in any jurisdiction. In connection with the Rights Issue, the Company has prepared an information document in accordance with Article 1.4 (db) of the Prospectus Regulation. The information document has been prepared in accordance with the requirements of annex IX to the Prospectus Regulation and is available on the Company’s website.

This announcement does not identify or suggest, or purport to identify or suggest, the risks (direct or indirect) that may be associated with an investment in the Company. The information contained in this announcement relating to the Rights Issue is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. SB1 Markets, filial i Sverige (“SB1 Markets”) is acting for Soltech in connection with the Rights Issue and no one else and will not be responsible to anyone other than Soltech for providing the protections afforded to its clients nor for giving advice in relation to the Rights Issue or any other matter referred to herein. SB1 Markets is not liable to anyone else for providing the protection provided to their customers or for providing advice in connection with the Rights Issue or anything else mentioned herein.

This press release does not constitute or form part of an offer or solicitation 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 exemption from registration under the US Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold within 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 Rights Issue of the 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, within or into the US, the United Kingdom, Australia, Belarus, Canada, Hong Kong, Israel, Japan, New Zeeland, Russia, Singapore, South Africa, South Korea, Switzerland or in any other jurisdiction where such announcement, publication or distribution of the information would not comply with applicable laws and regulations or where such actions are subject to legal restrictions or would require additional registration or other measures than what is required under Swedish law. Actions taken in violation of this instruction may constitute a crime against applicable securities laws and regulations.

In the United Kingdom, this document and any other materials in relation to the securities described herein is only being distributed to, and is only directed at, and any investment or investment activity to which this document relates is available only to, and will be engaged in only with, “qualified investors” (within the meaning of the Prospectus Regulation as it forms part of domestic law in the United Kingdom by virtue of the European Union (Withdrawal) Act 2018) who are (i) persons having professional experience in matters relating to investments who fall within the definition of “investment professionals” in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). In the United Kingdom, any investment or investment activity to which this communication relates is available only to, and will be engaged in only with, relevant persons. Persons who are not relevant persons should not take any action on the basis of this press release and should not act or rely on it.

Forward-looking statements
This press release contains forward-looking statements that reflect the Company’s intentions, beliefs, or current expectations about and targets for the Company’s and the Group’s future results of operations, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Company and the Group operates. Forward-looking statements are statements that are not historical facts and may be identified by words such as “believe”, “expect”, “anticipate”, “intend”, “may”, “plan”, “estimate”, “will”, “should”, “could”, “aim” or “might”, or, in each case, their negative, or similar expressions. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurances that they will materialize or prove to be correct. Because these statements are based on assumptions or estimates and are subject to risks and uncertainties, the actual results or outcome could differ materially from those set out in the forward-looking statements as a result of many factors. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The Company does not guarantee that the assumptions underlying the forward-looking statements in this press release are free from errors and readers of this press release should not place undue reliance on the forward-looking statements in this press release. The information, opinions and forward-looking statements that are expressly or implicitly contained herein speak only as of its date and are subject to change without notice. Neither the Company nor anyone else undertake to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this press release, unless it is required by law or Nasdaq First North Growth Market’s rule book for issuers.

[1] Swedbank AB (publ) previously acted Sole Global Coordinator and Bookrunner in the Rights Issue. As from 1 September 2025, SB1 Markets, filial i Sverige has taken over that role.

Amendment of the articles of association

The meeting resolved, in accordance with the board of directors’ proposal, to amend the
share capital in the articles of association from being not less than SEK 9,250,000 and not more than SEK 37,000,000 to being not less than SEK 18,750,000 and not more than SEK 75,000,000, and to amend the number of shares in the Company’s articles of association from being not less than 185,000,000 and not more than 740,000,000 to being not less than 375,000,000 and not more than 1,500,000,000.

Rights issue of shares

The meeting resolved, in accordance with the board of directors’ proposal, to approve the board of directors’ resolution on a rights issue of not more than 1,133,823,366 shares. The Company’s largest shareholder, Artim Balance BidCo AB (a company controlled by Nordic Capital), has undertaken to subscribe for its pro rata share in the rights issue and has also provided a guarantee commitment to subscribe for additional shares in the rights issue. The resolution was unanimous and was made in accordance with the majority requirement set out by the Swedish Securities Council as a condition for the validity of the exemption from the mandatory bid obligation granted to Artim Balance BidCo AB in relation to the subscription of shares in the rights issue.

Authorisation for the board of directors to issue shares, warrants and/or convertibles

The meeting resolved, in accordance with the board of directors’ proposal, to authorise the board of directors to, for the period until the next annual general meeting, on one or more occasions resolve on issue of shares, warrants and/or convertibles, with or without deviation from the shareholders’ preferential rights, to be paid in cash, in kind and/or by way of set-off, whereby the number of shares that may be added though new subscription or conversion may not result in the number of shares exceeding the number permitted by the articles of association, and that the authorisation from the extraordinary general meeting on 8 August 2025 shall cease to be effective. The resolution is conditional upon that the new articles of association adopted by the meeting are registered with the Swedish Companies Registration Office.

For further information on the proposals that have now been approved by the extraordinary general meeting, please refer to the information in the notice to the extraordinary general meeting published on 29 August 2025.

Right to attend the general meeting
Shareholders who wish to attend the extraordinary general meeting shall:

1. be registered as shareholder in the share register maintained by Euroclear Sweden AB on 22 September 2025 and if the shares are registered in the name of a nominee, ensure that the nominee registers the shares in the shareholder’s own name for voting purposes in such time that the registration is completed at the latest on 24 September 2025 (see further under the heading “Nominee-registered shares” below); and
2. give notice of participation to the Company in accordance with the instructions set out under the heading “Notice of attendance” no later than on 24 September 2025.

Notice of attendance
Shareholders who wish to attend the general meeting in person or by proxy shall give notice to the Company thereof either by e-mail to info@soltechenergy.com or by post to Soltech Energy Sweden AB (publ), “Extraordinary general meeting”, Birger Jarlsgatan 41A, SE-111 45 Stockholm, Sweden. The notice of attendance shall state the shareholder’s name, personal identification number or corporate registration number, address, telephone number and, where applicable, the number of accompanying advisors (not more than two).

Shareholders who do not wish to participate at the general meeting in person, may exercise their voting rights at the general meeting through a proxy with a written, signed and dated power of attorney. If the power of attorney is issued by a legal entity, a copy of the certificate of registration or an equivalent authorisation document for the legal entity must be enclosed.

In order to facilitate the registration at the extraordinary general meeting, powers of attorney, certificates of registration and other documents of authority should be received by the Company at the address Soltech Energy Sweden AB (publ), “Extraordinary general meeting”, Birger Jarlsgatan 41A, SE-111 45 Stockholm, Sweden no later than on 24 September 2025. Please note that notice of attendance at the general meeting must be given even if the shareholder wishes to exercise its voting rights at the general meeting through a proxy. A submitted power of attorney is not considered as a notice of attendance at the general meeting. A template proxy form is available at the Company’s website (www.soltechenergy.com/en/) and will be sent to the shareholders who request it.

Nominee-registered shares
Shareholders whose shares are registered with a bank or other nominee must arrange through the nominee to have the shares temporarily registered in their own name in order to be entitled to participate in the extraordinary general meeting. Such registration (so-called voting rights registration), which normally is processed in a few days, must be completed no later than 24 September 2025 and should therefore be requested from the nominee well before this date. Voting rights registration requested by a shareholder in such time that the registration has been made by the relevant nominee no later than 24 September 2025 will be considered in preparations of the share register.

Proposed agenda

1. Opening of the meeting and election of chairman of the meeting
2. Preparation and approval of the voting list
3. Approval of the agenda
4. Election of one or two persons to approve the minutes of the meeting
5. Determination of whether the meeting has been duly convened
6. Resolution on amendment of the articles of association
7. Resolution on approval of the board of directors’ resolution on a rights issue of shares
8. Resolution on authorisation for the board of directors to issue shares, warrants and/or convertibles
9. Closing of the meeting

Proposals for resolutions

Item 6: Resolution on amendment of the articles of association
The board of directors proposes that the general meeting resolves to amend the Company’s articles of association in accordance with the following:

It is proposed that the share capital in the articles of association be changed from being not less than SEK 9,250,000 and not more than SEK 37,000,000 to being not less than SEK 18,750,000 and not more than SEK 75,000,000, and that the number of shares in the articles of association be changed from being not less than 185,000,000 and not more than 740,000,000 to being not less than 375,000,000 and not more than 1,500,000,000.

§ 4 of the articles of association shall therefore read as follows in English:

“The share capital shall be no less than SEK 18,750,000 and not more than SEK 75,000,000.”

§ 5 of the articles of association shall therefore read as follows in English:

“The number of shares shall be not less than 375,000,000 and not more than 1,500,000,000.”

The resolution shall be conditional upon that the meeting resolves on the rights issue in accordance with item 7 below.

For a valid resolution in accordance with the board of director’s proposal on amendment of the articles of association, the resolution must be supported by shareholders representing at least two-thirds of both the votes cast and the shares represented at the meeting.

Item 7: Resolution on approval of the board of directors’ resolution on a rights issue of shares
The board of directors has resolved, subject to the subsequent approval of the general meeting, on an issue of new shares with preferential right for existing shareholders (the “Rights Issue”) and proposes that the general meeting resolves to approve the Rights Issue on the following terms.

1. The Company shall issue not more than 1,133,823,366 new shares.
2. The Company’s share capital will increase by not more than SEK 56,691,168.30.
3. The subscription price amounts to SEK 0.29 per share. Payment shall be made in cash. An amount exceeding the quota value of the shares shall be allocated to the non-restricted share premium reserve.
4. The shareholders have a preferential right to subscribe for shares in relation to the number of shares in the Company held on the record date on 2 October 2025. One (1) share in the Company held on the record date entitles to one (1) subscription right. One (1) subscription right entitles to subscription of six (6) new shares. In addition, shareholders and other investors are offered the possibility to subscribe for shares without support of subscription rights (i.e., without preferential right).
5. Subscription of shares shall be made from and including 6 October 2025 until and including 20 October 2025. The board of directors is entitled to postpone or extend the subscription period.
6. In the event that not all shares are subscribed for with support of subscription rights, the board of directors shall, within the limits for the maximum amount of the issue, resolve on allotment of shares subscribed for without support of subscription rights (i.e., without preferential right), whereby allotment shall be made in the following order:

1. first, to those who have subscribed for shares with support of subscription rights, regardless of whether or not the subscriber was a shareholder on the record date for the Rights Issue, and in the event of oversubscription, pro rata in relation to the number of shares subscribed for with support of subscription rights, and to the extent that this is not possible, by drawing lots;
2. secondly, to those who have subscribed for shares without subscription rights, and in the event of oversubscription, pro rata in relation to the number of shares notified for such subscription in the notification, and to the extent that this is not possible, by drawing lots; and
3. thirdly, to certain shareholders and other stakeholders who have entered into guarantee undertakings, pro rata in relation to the respective guarantors’ guaranteed amount, and to the extent that this is not possible, by drawing lots.

1. Subscription of shares with support of subscription rights shall be made through simultaneous cash payment. Subscription of shares without support of subscription rights shall be made on a particular subscription list and thereby allotted shares shall be paid in cash not later than three banking days following a notice of allotment sent to the subscriber. The board of directors is entitled to postpone the time for the payment.
2. Allotment of shares in the Rights Issue to investors in respect of subscription for shares other than with support of preferential rights, for example as a result of the fulfilment of a guarantee commitment entered into in connection with the Rights Issue, which would result in the investor holding votes corresponding to or exceeding any of the thresholds of 10, 20, 30, 50, 65 or 90 per cent of the votes in the Company after the Rights Issue (the “FDI Shares”), shall, if the investor so requests, be conditional upon obtaining a decision from the Swedish Inspectorate of Strategic Products pursuant to the Swedish Screening of Foreign Direct Investments Act (2023:560), and, where applicable, the corresponding body in accordance with legislation in another jurisdiction, to approve the investment or leave the notification thereof without action. Subscribed FDI Shares shall be paid no later than three banking days after the allotment of the FDI Shares has become unconditional and final. The board of directors is entitled to postpone the time for payment of the FDI Shares.
3. The new shares shall entitle to dividends the first time on the dividend record date that falls closest to the date on which the new shares have been registered with the Swedish Companies Registration Office and have been entered in the share register maintained by Euroclear Sweden AB.
4. The CEO or the person designated by the CEO shall have the right to make those minor adjustments to the above resolution that may prove necessary for registration with the Swedish Companies Registration Office and Euroclear Sweden AB.

Documents pursuant to Chapter 13, Section 6 of the Swedish Companies Acts have been prepared.

The issue resolution requires amendment of the articles of association.

The issue resolution is conditional upon that an information document pursuant to annex IX of Regulation (EU) 2017/1129 (the Prospectus Regulation) regarding offer to the public of the new shares is prepared, submitted to the Swedish Financial Supervisory Authority for registration, and published.

The issue resolution shall be conditional upon that the general meeting’s resolution is supported (i) by shareholders representing more than half of the votes cast at the meeting and (ii) by shareholders representing at least two thirds of both the votes cast and the shares represented at the meeting with disregard to shares held and represented at the meeting by Artim Balance BidCo AB.

Other information on dispensation from launching a mandatory takeover bid and majority requirements

The Company’s largest shareholder, Artim Balance BidCo AB, reg. no. 559458-8914 (“Artim Balance”), whose shareholding in the Company before the Rights Issue corresponds to approximately 30 per cent of the total number of shares and votes in the Company, has undertaken to subscribe for its preferential right in the Rights Issue and has also entered into a guarantee undertaking to subscribe for additional shares in the Rights Issue. If the undertakings were to be fully utilized, Artim Balance’s portion of the votes in the Company would increase and thus result in an obligation to launch a mandatory takeover bid for all shares in the Company within four weeks thereafter, according to Rule III.1 of the Swedish Stock Market Self-Regulation Committee’s Takeover Rules for Certain Trading Platforms.

Artim Balance has been granted an exemption from the mandatory bid obligation by the Swedish Securities Council in case its shareholding in the Company would increase as a result of Artim Balance’s participation in the Rights Issue. The exemption is conditional upon that (i) the shareholders who are to decide on the Rights Issue are informed of the maximum portion of capital and votes that Artim Balance can obtain by subscribing for shares in excess of its preferential right and that (ii) the general meeting’s resolution is supported by shareholders representing at least two thirds of both the votes cast and the shares represented at the meeting, disregarding shares held and represented at the meeting by Artim Balance.

The maximum portion of the capital and votes in the Company that Artim Balance may obtain if the undertakings were to be utilized in full is approximately 81.14 per cent (including Artim Balance’s current holdings in the Company), assuming that no other party than Artim Balance subscribes for new shares in the Rights Issue.

Item 8: Resolution on authorisation for the board of directors to issue shares, warrants and/or convertibles
The board of directors proposes that the general meeting resolves to authorise the board of directors to, for the period until the next annual general meeting, on one or more occasions resolve on issue of shares, warrants and/or convertibles, with or without deviation from the shareholders’ preferential rights, to be paid in cash, in kind and/or by way of set-off, whereby the number of shares that may be added though new subscription or conversion may not result in the number of shares exceeding the number permitted by the articles of association.

The main purpose of that the board of directors shall be able to resolve on an issue without preferential rights for shareholders as set out above is to be able to raise new capital to increase the Company’s flexibility and ability to accelerate the development of the Company’s operations or in connection with acquisitions, and to diversify the shareholder base. The issue of new shares, convertibles or warrants pursuant to the authorisation shall be carried out on customary terms and under prevailing market conditions. If the board of directors finds it appropriate, in order to enable the delivery of shares in connection with an issue in accordance with the above, this may be done at a subscription price corresponding to the quota value of the shares. The board of directors, or a person appointed by the board of directors, shall be entitled to make the adjustments that may be necessary in connection with registration of the resolution with the Swedish Companies Registration Office.

The resolution shall be conditional upon that the new articles of association in accordance with item 6 above are registered with the Swedish Companies Registration Office. Provided that the authorisation pursuant to the above becomes effective and is registered with the Swedish Companies Registration Office, the authorisation from the extraordinary general meeting on 8 August 2025 shall cease to be effective and is thereby replaced by the authorisation pursuant to the above.

For a valid resolution in accordance with the board of director’s proposal on authorisation, the resolution must be supported by shareholders representing at least two-thirds of both the votes cast and the shares represented at the meeting.

Number of shares and votes
As of the date of this notice, the total number of shares and votes in the Company amounts to 188,970,561. The Company does not hold any own shares in treasury.

Shareholders’ right to request information
Shareholders are reminded of their right to request information from the board of directors and the CEO at the extraordinary general meeting in accordance with Chapter 7, Section 32 and Chapter 7, Section 57 of the Swedish Companies Act.

Documents available
Documents that shall be made available prior to the extraordinary general meeting pursuant to the Swedish Companies Act are made available at the Company and on the Company’s website (www.soltechenergy.com). The documents will also be sent to the shareholders who request it and state their postal address. Such a request may be sent to Soltech Energy Sweden AB (publ), Birger Jarlsgatan 41A, SE-111 45 Stockholm, Sweden or by e-mail to info@soltechenergy.com. The proposals in accordance with items 6-8 above are included in the notice in full.

Personal data
For information about how personal data is processed in relation to the meeting, please refer to the Privacy notice available on Euroclear’s website (https://www.euroclear.com/dam/ESw/Legal/Privacy-notice-bolagsstammor-engelska.pdf).

______________________________

Stockholm in August 2025
Soltech Energy Sweden AB (publ)
The board of directors