First Kraft Ab, EQT X and EQT AB (publ) (OM:EQT) proposed to acquire remaining 81.05% stake in Fortnox AB (publ) (OM:FNOX) from AMF Fonder AB and other shareholders for approximately SEK 44.5 billion on March 27, 2025. The offer is made through Omega II. A cash consideration valued at SEK 90 per share will be paid by First Kraft Ab, EQT X and EQT AB (publ). If the annual general meeting in Fortnox on April 10, 2025 approves the proposed dividend of SEK 0.25 per share, the Bidder will decrease the offered consideration to SEK 89.75 in cash for each share in Fortnox. As part of consideration, an SEK 54.9 billion value is paid towards common equity of Fortnox AB (publ). The price per share in the Offer represents a premium of 38% compared to the closing price of SEK 65.1 on March 28, 2025. First Kraft, which is the Company?s largest shareholder, already owns 115,517,633 shares, corresponding to 18.9% of all outstanding shares and votes of the Company. All shares in the Company held by First Kraft will be contributed to the Bidder upon completion of the Offer. The consideration payable in respect of the Offer is fully secured by a combination of funds available to Omega II by way of equity commitment letters issued by EQT X and EQT controlled entities, and debt financing provided to Omega II by Skandinaviska Enskilda Banken AB on terms customary for financing of public offers on the Swedish market.

The board of directors? decision to issue this statement has been made by the board members Per Bertland, Anna Frick, Magnus Gudéhn, and Lena Glader. The chairman of the board, Olof Hallrup, owns all shares in First Kraft and is therefore deemed to have a conflict of interest pursuant to Rule II.18 of the Takeover Rules. Consequently, Olof Hallrup has not participated, and will not participate, in the board of directors? handling of or decisions regarding this statement or the Offer. The board of directors has obtained such fairness opinion from Ernst & Young AB (?EY?). EY deems the Offer to be fair from a financial point of view for the shareholders of the Company. The board of directors unanimously recommends the shareholders of Fortnox to accept the Offer.

Completion of the Offer is conditional upon, among other things, the Offer being accepted to such extent that the Bidder becomes the owner of shares representing more than 90 per cent of the total number of outstanding shares in the Company as well as the receipt of all necessary approvals, clearances, decisions, and other actions from authorities or similar, required for the Offer and the Bidder?s acquisition of the Company. The board of directors has allowed the Bidder to carry out a due diligence review of the Company in connection with the preparations of the Offer. The Company has not disclosed any inside information relating to the Company to the Bidder during the due diligence review. The Bidder expects to publish an offer document regarding the Offer on or around May 13, 2025. The acceptance period in the Offer is expected to commence on or around May 14, 2025 and end on or around June 18, 2025. Omega II has today received the final regulatory approval necessary for the Offer and the acquisition of Fortnox. As a result, completion of the Offer is no longer conditional upon the receipt of all necessary regulatory, governmental or similar clearances, approvals, decisions and other actions from authorities or similar, including from competition authorities. Accordingly, this condition for completion of the Offer has been satisfied. All other conditions for completion of the Offer are still applicable to the Offer as set forth in the offer document made public on 9 May 2025. The acceptance period for the Offer commenced on May 12, 2025 and ends on June 10, 2025. Settlement is expected to be initiated on or around June 18, 2025. As of June 27, 2025, The shares tendered in the Offer during the extended acceptance period ended on June 25, 2025 amount to 35,697,412 shares and votes in Fortnox, corresponding to approximately 5.9% of the share capital and votes in Fortnox. The total amount of shares tendered in the Offer at the end of the extended acceptance period amount to 411,220,271 shares and votes in Fortnox, corresponding to approximately 67.4% of the share capital and votes in Fortnox. After the extended acceptance period ended on June 25, 2025, Omega II and its closely related parties own or control approximately 87% of the share capital and votes in Fortnox. Additionally, a number of index funds representing approximately 1.8% of the shares and votes in Fortnox have signed conditional undertakings to accept the Offer. Omega II further extends the acceptance period up to and including July 7, 2025. As of July 4, 2025, After the announcement on 3 July 2025, the Consortium has, through an EQT X controlled company, acquired 7,925,507 shares in Fortnox in the market, corresponding to approximately 1.3% of the share capital and votes in Fortnox, meaning that Omega II together with its closely related parties now own or control 551,916,903 shares and votes in Fortnox, corresponding to approximately 90.5% of the share capital and votes in Fortnox. Omega II together with its closely related parties now own or control more than 90 per cent of the total number of outstanding shares in Fortnox, Omega II intends to commence compulsory redemption proceedings under the Swedish Companies Act (Sw. aktiebolagslagen (2005:551)) to acquire all remaining shares in Fortnox and to promote delisting of Fortnox's shares from Nasdaq Stockholm. As of July 9, 2025, acceptance period has been extended to July 21, 2025. As on July 14, 2025 the Board of Directors has decided to appoint Tommy Eklund as the new CEO of Fortnox. The supplementary document has been approved and registered by the Swedish Financial Supervisory Authority.

Ernst & Young Aktiebolag acted as fairness opinion provider for Fortnox AB. Carnegie Investment Bank AB acted as financial advisor for Fortnox AB. Gernandt & Danielsson Advokatbyrå KB acted as legal advisor for Fortnox AB. Skandinaviska Enskilda Banken AB (publ) (OM:SEB A) acted as financial advisor to First Kraft Ab and EQT AB. Erneholm Haskel AB acted as financial advisor to First Kraft Ab and EQT AB. Roschier Advokatbyrå Ab acted as legal advisor to First Kraft Ab and EQT AB. Nord Advokater acted as legal advisor to First Kraft Ab and EQT AB.

First Kraft Ab, EQT X and EQT AB (publ) (OM:EQT) completed the acquisition of remaining 81.05% stake in Fortnox AB (publ) (OM:FNOX) from AMF Fonder AB and other shareholders on July 23, 2025. 75.8% of the stake was tendered at the end of the acceptance period. 4.8% of the stake was acquired through market. First Kraft Ab, EQT X and EQT AB (publ) (OM:EQT) collectively now own 98.9% stake in Fortnox AB (publ). Compulsory redemption proceedings under the Swedish Companies Act have been commenced to acquire all remaining shares in Fortnox.