Move About Group AB agreed with Formue Nord Fokus A/S of a refinancing of existing loans of SEK 13 million Part of the outstanding loan of SEK 17 million, excluding accrued interest, which was procured on July 22, 2022, shall be repaid with the proceeds from the rights issue proposed by a group of shareholders in the Company which was published via press release today, December 20, 2022. Thereby, the remaining part of the outstanding loan to Formue Nord Fokus A/S of SEK 13 million will be refinanced. The Company has refinanced SEK 13 million of the SEK 17 million loan, excluding accrued interest, which was procured on July 22, 2022 from Formue Nord Fokus A/S. The Loan was agreed upon today, December 20, 2022.

In total, approximately SEK 5.8 million will be repaid, of which SEK 4 million is amortization and approximately SEK 1.8 million is accrued interest to the lender. Repayment is intended to be made with issue proceeds from the rights issue proposed by a group of shareholders in the Company, which was published via press release today, December 20, 2022. The new Loan is procured at market terms of 0.8% monthly interest per started 30-day period and matures on December 20, 2024.

A part of the eventual proceeds from the exercise of warrants of series TO2, which are included in the proposal from the shareholders regarding a rights issue, shall be used to repay the Loan. If the Loan has not been repaid by December 20, 2024 at the latest, the lender has the right to set-off the Loan against shares at market terms. There is no related connection between the lender and the Company.