Press release

The subscription period in EKOBOT's rights issue begins today.

Today, 26 February 2024, the subscription period begins in EKOBOT AB (publ) (“Ekobot” or the “Company”) rights issue of shares announced on 14 February 2024 (the “Rights Issue”).

Summary of the Rights Issue
The board of directors of Ekobot has on 14 February 2024, by virtue of the authorisation from the Extraordinary General Meeting on 22 January 2024, resolved to carry out the Rights Issue in accordance with the following main conditions:

The Rights Issue comprises a maximum of 30,492,634 new shares in the Company.
Those who on the record date of 21 February 2024 are registered as shareholders in the share register maintained by Euroclear Sweden AB will receive one (1) subscription right for each existing share held in the Company.
One (1) subscription right entitles the holder to subscribe for two (2) new shares.
The subscription price in the Rights Issue amounts to SEK 0.60 per share.
The last day of trading in Ekobot's share including the right to receive subscription rights is 19 February 2024 and the first day of trading excluding the right to receive subscription rights is 20 February 2024.
The subscription period in the Rights Issue runs from 26 February 2024 up to and including 11 March 2024.
Trading in subscription rights will take place on Nasdaq First North Growth Market from 26 February 2024 until 6 March 2024.
Ekobot has received subscription commitments of approximately SEK 3 million, corresponding to approximately 16.40 per cent of the Rights Issue.
Upon full subscription of shares in the Rights Issue, the Company will receive approximately SEK 18.3 million, before deduction of issue costs.
Ekobot expects to announce the outcome of the Rights Issue around 12 March 2024.

Information memorandum
Complete terms and conditions for the Rights Issue and other information about the Company are set out in the recently published information memorandum. The information memorandum and application forms will be available on the Company's website, Ekobot and on Aqurat.

About Ekobot

Ekobot AB (publ), based in Västerås, conducts business based on the business concept of developing, manufacturing and selling autonomous agricultural robots that enable efficient precision cultivation where weed management takes place completely without or with minimal use of herbicides. The company's vision is to provide the agricultural sector with a long-term sustainable alternative for reducing or completely eliminating chemical spraying in crops of crops for human consumption. The company is listed on the Nasdaq First North Growth Market.

For more information, see Ekobot's website www.ekobot.se

Augment Partners AB, tel. +46 8 604 22 55, e-mail: info@augment.se is the Company's Certified Adviser.

IMPORTANT INFORMATION

THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY OR SUBSCRIBE FOR SECURITIES ISSUED BY THE COMPANY IN ANY JURISDICTION WHERE SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL. IN ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA ("EEA"), ANY SECURITIES REFERRED TO IN THIS PRESS RELEASE MAY ONLY BE OFFERED IN ACCORDANCE WITH APPLICABLE EXEMPTIONS IN REGULATION (EU) 2017/1129 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL OF 14 JUNE 2017 (THE "PROSPECTUS REGULATION"). ANY INVITATION TO THE PERSONS CONCERNED TO SUBSCRIBE FOR SHARES IN THE COMPANY WILL ONLY BE MADE THROUGH THE INFORMATION MEMORANDUM THE COMPANY PLANS TO PUBLISH PRIOR TO THE RIGHTS ISSUE.

THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER OR INVITATION 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 U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION, AN 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 SUCH SECURITIES IN THE UNITED STATES. THE INFORMATION CONTAINED IN THIS PRESS RELEASE MAY NOT BE ANNOUNCED, PUBLISHED, COPIED, REPRODUCED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SWITZERLAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA OR ANY OTHER JURISDICTION WHERE SUCH ANNOUNCEMENT, PUBLICATION OR DISTRIBUTION OF THIS INFORMATION WOULD BE UNLAWFUL OR WHERE SUCH ACTION IS SUBJECT TO LEGAL RESTRICTIONS OR WOULD REQUIRE ADDITIONAL REGISTRATION OR OTHER MEASURES THAN THOSE REQUIRED BY SWEDISH LAW. ACTIONS CONTRARY TO THESE INSTRUCTIONS MAY CONSTITUTE A VIOLATION OF APPLICABLE SECURITIES LAWS.

TO THE EXTENT THIS PRESS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS, SUCH STATEMENTS DO NOT REPRESENT FACTS AND ARE IDENTIFIED BY WORDS SUCH AS "WILL", "EXPECT", "BELIEVE", "ESTIMATE", "INTEND", "INTEND", "ASSUME" AND SIMILAR EXPRESSIONS. SUCH STATEMENTS EXPRESS EKOBOT'S INTENTIONS, OPINIONS OR CURRENT EXPECTATIONS OR ASSUMPTIONS. SUCH FORWARD-LOOKING STATEMENTS ARE BASED ON CURRENT PLANS, ESTIMATES AND PROJECTIONS THAT EKOBOT HAS MADE TO THE BEST OF ITS ABILITY BUT THAT EKOBOT DOES NOT CLAIM WILL BE ACCURATE IN THE FUTURE. FORWARD-LOOKING STATEMENTS INVOLVE RISKS AND UNCERTAINTIES THAT ARE DIFFICULT TO PREDICT AND GENERALLY CANNOT BE INFLUENCED BY EKOBOT. IT SHOULD BE KEPT IN MIND THAT ACTUAL EVENTS OR OUTCOMES MAY DIFFER MATERIALLY FROM WHAT IS CONTEMPLATED OR EXPRESSED IN SUCH FORWARD-LOOKING STATEMENTS.

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