Under the new arrangement, Peter Hargreaves will effectively replace EIB as the lender, ensuring continued access to up to EUR 13 million (SEK 145 million) in available credit, following a EUR 5 million drawdown in February 2023. The facility remains accessible at the discretion of the Board of Directors subject to the terms and conditions and will support the company's growth strategy.

Peter Hargreaves commented: "I'm happy to continue backing GomSpace. I believe strongly in the company's direction and in the growing importance of European defense and space technology. As a long-term investor, this aligns closely with my values and outlook."

The company highlights the following advantages for the new credit facility.

• Greater flexibility: Unlike the EIB facility, which was restricted to certain investments and required co-funding, the new facility allows GomSpace to use funds for any strategic or operational purpose, such as expanding sales capacity.
   
• Aligned with strategy: The unrestricted use of capital better supports GomSpace's current growth initiatives and market positioning.
   
• Improved terms: The facility includes a renewed 5-year maturity and extended availability of remaining tranches, with no lender put option, simplifying governance.
   
• Shareholder commitment: Financing from the company's main shareholder strengthens alignment and demonstrates long-term investor confidence.

Carsten Drachmann, CEO of GomSpace, stated: "I cannot express enough my gratitude to Peter Hargreaves for believing in the GomSpace team and the opportunity we have in this market. The continued access to SEK 145 million in credit, alongside the capital increase of SEK 198 million and the postponed repayment of the original tranche, gives us the financial flexibility to focus fully on executing our growth strategy and delivering long-term value to our investors and employees."

Closing of the transaction and formal replacement of the EIB credit facility with the new facility from Hargreaves is expected to occur within the coming weeks.

Strategic Initiatives
Along with the capital increase of SEK196 million announced in March 2025, the new credit facility comes with improved terms that better align with GomSpace's strategy to accelerate growth and create long-term value. The facility will support strategic priorities including:

• Faster time-to-market through strengthened supply chain and inventory investments (Net Working Capital)
• Enhanced market offering via accelerated development in Marine Domain Awareness (MDA), Intelligence, Surveillance & Reconnaissance (ISR), Cybersecurity, Signal Intelligence (SIGINT), and reliability improvements (CAPEX)
• Market responsiveness through investments in qualified solutions and business development capacity (OPEX)
• Balance sheet integrity, maintaining an equity ratio and financial solidity appropriate for public sector business and guarantee requirements

Further details on the credit facility
GomSpace A/S (a wholly owned subsidiary of GomSpace Group AB (the "Company")) has entered into an agreement with Peter Hargreaves ("Hargreaves") to make funds available to repay the EUR 5 million loan previously received from the European Investment Bank ("EIB") in 2023. In connection with this, Hargreaves will effectively replace the EIB as lender.

On 25 November 2022, GomSpace A/S entered into a finance contract with the EIB, whereby, subject to certain conditions, the EIB made available a venture debt facility of up to EUR 18 million for a research and development project related to an enlarged satellite platform. (For further details, refer to the press release issued by the Company on the same date.) Under this facility, EUR 5 million was disbursed with a maturity of five (5) years, as announced on 9 February 2023.

GomSpace A/S has now reached agreement with Hargreaves for the disbursement of the first tranche (Tranche A) under a new credit facility in the amount of EUR 5 million, to be used to fully repay the EIB loan. As a result, Hargreaves will assume the role of lender on substantially the same commercial terms as the original finance contract, with the following key exceptions:

• The tranche A warrants previously issued to the EIB will be transferred to Hargreaves without consideration;
• A renewed five (5) year maturity period applies to the EUR 5 million;
• A renewed availability period of 24 months applies to the remaining two tranches (Tranche B of EUR 6 million and Tranche C of EUR 7 million).

To give effect to the EIB's put option right (granted without cost to GomSpace), Hargreaves will pay the corresponding put option price and purchase the 1,650,783 warrants issued to the EIB in connection with the 2023 disbursement of Tranche A. The lender's put option right will not be included in the new finance contract.

The Hargreaves Family No. 14 Settlement, which holds 29.58 percent of the Company's shares, is a family trust of Peter Hargreaves. The finance contract is, however, entered into with Peter Hargreaves personally.
 

For more information, please contact:
Anne Breüner (Head of Corporate Affairs)
Tel: +45 40 200 192
E-mail: anbr@gomspace.com

About GomSpace Group AB
The Company's business operations are mainly conducted through the wholly-owned Danish subsidiary, GomSpace A/S, with operational office in Aalborg, Denmark. GomSpace is a space company with a mission to be engaged in the global market for space systems and services by introducing new products, i.e. components, platforms and systems based on innovation within professional nanosatellites. The Company is listed on the Nasdaq First North Premier exchange under the ticker GOMX. FNCA Sweden AB is the Company's Certified Adviser. For more information, please visit our website on www.gomspace.com.
            
Miscellaneous                    
This information is information that GomSpace is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 8.40 p.m. CEST on 3 July 2025.