Probi AB (publ) Resolution by the Board of Directors on a rights issue by virtue of the general meeting's authorisation

The Board of Directors of Probi AB (publ) resolves, by virtue of the authorisation of the general meeting on 29 June 2016 and with the purpose to enable repayment of the bridge facility taken up in connection with the company's acquisition of Nutraceutix, on a new share issue on the following terms and conditions.

  1. The company's share capital shall be increased by not more than SEK 11,394,125.

  2. A maximum number of 2,278,825 shares shall be issued.

  3. The company's shareholders shall have pre-emptive right to subscribe for the new shares in proportion to the shares previously owned.

  4. Each existing share entitles to one (1) subscription right. Four (4) subscription rights entitle to subscription for one (1) new share.

  5. The subscription price shall be SEK 264 for each new share.

  6. If not all of the shares are subscribed for by exercise of subscription rights, the Board of Directors shall resolve on allotment of shares subscribed for without the exercise of subscription rights up to the maximum amount of the share issue. In such case, priority will be given firstly to those who have applied for subscription and have subscribed for shares by the exercise of subscription rights, irrespective of whether the subscriber was a shareholder on the record date or not and in the case of oversubscription, in proportion to the number of subscriptions rights each one has exercised for subscription of shares and, in so far as this is not possible, by drawing of lots. Secondly, allotment shall be made to others who have applied for subscription without subscriptions rights (the general public in Sweden and qualified investors) and, in the case of oversubscription, in proportion to the number of shares stated in each subscription application and, in so far as this is not possible, by drawing of lots.

  7. The record date for entitlement to participate in the rights issue with pre-emptive right shall be 6 October 2016.

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  8. Subscription for shares by exercise of subscription rights shall be made by simultaneously cash payment during the period as from 7 October 2016 up to and including 21 October 2016. Subscription for new shares without the exercise of subscription rights shall take place during the same period on a separate subscription list. Payment for new shares subscribed for without the exercise of subscription rights shall be made in cash no later than on the third bank day from dispatch of the contract note setting forth the allotment of shares. The Board of Directors shall be entitled to extend the period for subscription and payment.

  9. The new shares shall entitle to dividend as from the first record date for dividend to occur after the registration of the new share issue with the Swedish Companies Registration Office.

The Board of Directors, or whoever the Board of Directors may appoint, shall be authorised to make such minor adjustments of the above resolution as may prove necessary in connection with the registration with the Swedish Companies Registration Office or Euroclear Sweden AB.

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

2(2)

Lund on 28 September 2016 Probi AB (publ)

The Board of Directors

Probi AB published this content on 29 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 September 2016 09:00:07 UTC.

Original documenthttp://probi.se/sites/all/files/press_release/resolution_by_the_board_of_directors_on_a_rights_issue_2016-09-28.pdf

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