ABG Sundal Collier AB ("ABG Sundal Collier"), Carnegie Investment Bank ("Carnegie") and Citigroup Global Markets Europe AG ("Citi") have been engaged by Altor Fund IV (No.1) AB and Altor Fund IV (No.2) AB (together "Altor") and Nyrensten Global Holding AB ("Nyrensten") to explore the opportunity to sell approximately 8.0 million shares in RVRC Holding AB (publ) (OM:RVRC) ("RevolutionRace", or the "Company") to Swedish and international institutional investors through an accelerated book-building procedure (the "Placement"). The price per share in the Placement and the final number of shares to be offered will be determined at the close of the accelerated book-building procedure. The book-building procedure will commence immediately after the publication of this press release and end before the commencement of trading on Nasdaq Stockholm on 8 February 2024.

The book-building procedure may be cancelled, extended or closed at any time on short notice at the discretion of ABG Sundal Collier, Carnegie, Citi, Altor and Nyrensten. Further announcements will be made following completion of the book-building. The current ownership interest of Altor in the Company's issued share capital is approximately 31.0%.

Altor will continue to be a major shareholder in RevolutionRace following the Placement. Altor has agreed to a customary lock-up with respect to its remaining shares in RevolutionRace until the publication of the Company's interim report for the period July-March 2023/2024, which is expected to be on or about 7 May 2024. The current ownership interest of Nyrensten in the Company's issued share capital is approximately 23.3%.

Nyrensten will continue to be a major shareholder in RevolutionRace following the Placement. Nyrensten's shares (20% of the issued share capital) are subject to a lock-up undertaking until 31 May 2024 which was entered into in connection with the initial public offering of the Company. ABG Sundal Collier, Carnegie and Citi act as joint bookrunners (together, the "Joint Bookrunners") in connection with the contemplated Placement.