As communicated in connection with the announcement of the Rights Issue, the guarantors, in accordance with the guarantee agreements entered into, have had the opportunity to choose between receiving guarantee compensation in the form of cash equivalent to fourteen (14) percent of the guaranteed amount or in the form of newly issued units in the Company equivalent to sixteen (16) percent of the guaranteed amount. All guarantors have chosen to receive guarantee compensation in the form of units.

In view of this, the Board of Directors has today, with the support of authorization from the Extraordinary General Meeting on 29 July 2025, resolved on the Compensation Issue of approximately SEK 1.7 million, which comprises a total of 536,342 units. Like the units issued within the framework of the Rights Issue, each unit consists of nine (9) shares, three (3) warrants of series TO 2026 and four (4) warrants of series TO 2030. The subscription price is set at SEK 3.15 per unit, corresponding to SEK 0.35 per share, which corresponds to the subscription price in the Rights Issue. Payment is made by set-off of the guarantors’ claim for guarantee compensation.

The purpose of the Compensation Issue and the reason for the deviation from the shareholders’ preferential rights is to fulfil the Company’s obligations towards the guarantors as a result of guarantee agreements entered into with the guarantors. In addition, the Board of Directors believes that it is beneficial to the Company’s financial position and in the interests of the shareholders to take advantage of the opportunity to pay the guarantee compensation in the form of units instead of cash payment, as it enables the Company to conserve cash resources, thus strengthening the Company’s working capital.

The subscription price in the Compensation Issue was negotiated in connection with the conclusion of the guarantee agreements prior to the Board’s resolution to carry out the Rights Issue, which was made in consultation with the financial advisor and after an analysis of the market situation. The Board’s assessment is therefore that the subscription price, as well as the other terms and conditions of the Compensation Issue, are market-based.

The Compensation Issue, taking into account newly issued shares from the completed Rights Issue, means that the share capital increases by SEK 289,624.68 from SEK 7,008,084.90 to SEK 7,297,709.58 and that the number of shares increases by 4,827,078 shares from 116,801,415 shares to 121,628,493 shares, which corresponds to a dilution of approximately 4 percent of the total number of shares and votes in the Company after registration of the new shares with the Swedish Companies Registration Office.

If all warrants of series TO 2026 issued within the scope of the Compensation Issue are exercised, the share capital may increase by a maximum of approximately SEK 96,541.56 and the number of shares may increase by a maximum of 1,609,026 shares. This represents an additional dilution effect of approximately 1 percent. If all warrants of series TO 2030 issued within the scope of the Compensation Issue are exercised, the share capital may increase by a maximum of approximately SEK 128,722.08 and the number of shares may increase by a maximum of 2,145,368 shares. This represents an additional dilution effect of approximately 2 percent. The total dilution effect of the issued shares from the Compensation Issue and upon full exercise of the warrants of series TO 2026 and series TO 2030 issued within the scope of the Compensation Issue amounts to approximately 7 percent.

Advisors

Bergs Securities is acting as sole manager and bookrunner and Advokatfirman Vinge is legal advisor to Modus in connection with the Rights Issue.