NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SINGAPORE, SOUTH AFRICA, SOUTH KOREA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. PLEASE REFER TO IMPORTANT INFORMATION AT THE END OF THE PRESS RELEASE.

Wyld Networks AB ("Wyld Networks" or the "Company") hereby announces that major shareholders in the Company, and all of the board of directors and management that holds warrants, has informed the Company that they intend to exercise all their warrants of series TO1. This corresponds to an investment of approximately SEK 8.6 million, corresponding to approximately 33.6 percent of the total amount of outstanding warrants of series TO1. The subscription period for the warrants of series TO1 is currently ongoing and will continue up until April 4, 2022.

"We are delighted that these long-term shareholders continue to support Wyld Networks as we close in on the full commercial launch of our satellite IoT network service. These further investments Wyld underline their commitment to the company and their belief in our customer offering", said Alastair Williamson, CEO of Wyld Networks.

Wyld Networks has received non-binding commitments that the following warrant holders intends to exercise their warrants privately or through company:

ShareholderRole in CompanyNumber of TO1SEK
Tern Plc Majority shareholder            320,454 3,605,107.50
Dave Martins           180,000 2,025,000.00
Movitz Ljungberg             50,000 562,500.00
Stewart Rough             34,982 393,547.50
Henrik Hedelius Board member              33,000 371,250.00
Bruce Leith*             32,726 368,167.50
Ian Ritchie*             21,818 245,452.50
Mohit Wadhwani Business Development Manager              21,818 245,452.50
Mats L Andersson Chairman of the board              18,181 204,536.25
Alastair Williamson CEO              10,909 122,726.25
Mats R Andersson Board member                9,090 102,262.50
Christopher John Caswell CFO                5,454 61,357.50
Sarah Payne*               5,454 61,357.50
Matthew Scherba*               3,333 37,496.25
Others18,097 203,591.25
Total           765,316 8,609,805.00

* Director at Tern Plc, the majority shareholder of Wyld Networks

If all the warrants of series TO1 are exercised, the Company will receive approximately SEK 25.6 million before issuing costs. For the warrants to not expire without value, it is required that the holder actively subscribes for new shares no later than April 4, 2022 or sell the warrants no later than March 31, 2022. Please observe that certain nominees might close their application earlier than April 4, 2022.

Summarized terms for the warrants of series TO1:

Subscription period: March 22, 2022 - April 4, 2022.

Issue size: 2,275,000 warrants of series TO1, which entitles to subscription of 2,275,000 shares. If all warrants are exercised, the Company will receive approximately SEK 25.6 million before issuing costs.

Exercise price: SEK 11.25 per share.

Last day for trading warrants of series TO1: March 31, 2022.

Share capital and dilution: If all warrants are exercised the share capital will increase with SEK 183,826.69, from SEK 689,826.69 to SEK 879,653.38. If all warrants are exercised the number of shares and votes in the Company will increase with 2,275,000 shares, from 8,267,308 shares to 10,542,308 shares. In the event that all warrants of series TO1 are exercised, the dilution amounts to approximately 21.58 percent of the number of shares and votes in the Company.

Please note that warrants that are not exercised no later than April 4, 2022, or sold no later than March 31, 2022, will expire without value. For warrants not to lose their value, the holder must actively subscribe for new shares or sell the warrants.

How warrants are exercised:

Nominee-registered warrants (Custody account)

Subscription and payment by exercise of warrants shall be made in accordance with instructions from each nominee. Please contact your nominee for additional information.

Direct-registered warrants (Securities account)

No accounts for issuing nor any instructions regarding payments will be sent out. Subscriptions will be made through simultaneous payment in accordance with the instructions on the application form.

The warrants will then be replaced by interim shares awaiting registration at the Swedish Companies Registration Office.

The application form including instructions for payment is available at Wyld Networks' website, www.wyldnetworks.com, and on Mangold Fondkommission AB's website, www.mangold.se.

Advisers

Mangold Fondkommission AB is financial adviser for Wyld Networks regarding the warrants.

For questions regarding the warrants, please contact:

Mangold Fondkommission AB

Tel: +46 8 5030 1595

E-mail: emissioner@mangold.se

For more information please contact:

Alastair Williamson, CEO Wyld Networks
E-mail: alastair.williamson@wyldnetworks.com
Tel: +44 7 824 997 689

About Wyld Networks

Wyld Networks develop and sells innovative wireless technology solutions that enables affordable connectivity anywhere in the World, addressing the problems for businesses and people regarding the lack of global mobile network coverage. The solutions are mainly targeted to wireless connectivity for the Internet of Things (IoT) and people.

Wyld Networks Ltd was formed in Cambridge, UK in 2016 and is a wholly owned subsidiary of Wyld Networks AB.

Mangold Fondkommission AB, 08-503 015 50, ca@mangold.se is Certified Adviser to Wyld Networks.

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 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 Wyld Networks in any jurisdiction, neither from Wyld Networks nor anyone else.

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 offering 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 Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa, the United States 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.

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