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SeaTwirl will receive 8.3 million SEK through guarantees, which are subscribed for 96.77%

SeaTwirl will receive 8.3 million SEK through guarantees, which are subscribed for 96.77%

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SeaTwirl announced the outcome of the practice of TO1 series orders, which were issued in connection with the company’s rights issue during the fourth quarter of 2020. A total of 86,099 TO1 series orders, equivalent to approximately 96.77 percent of the pending TO1 series orders, were used for the underwriting 86,099 shares at a subscription price of SEK 96.37 per share. By exercising TO1 series orders, SeaTwirl will receive approximately SEK 8.3 million before issuance costs.

background:

The subscription period for practicing TO1 series notes continued during the period from April 6, 2021 including until April 20, 2021. The subscription price per share when exercising TO1 series orders was set at SEK 96.37.

A total of 86,099 TO1 series orders were exercised to subscribe to 86,099 shares, which means that approximately 96.77 percent of TO1 series pending orders were exercised to subscribe to shares.

The exercise orders have been replaced by temporary shares (IA) pending registration with the Swedish Company Registry. It is expected that the interim shares will be converted into shares within approximately three (3) weeks.

Number of shares, equity and dilution:

Through the practice of TO1 Series orders, SeaTwirl has increased the number of shares in SeaTwirl by 86,099 shares, from 2,491,203 shares to a total of 2,577,302 shares. The capital increased by 86.099 SEK, from 2491203 SEK to 2577302 SEK.

For existing shareholders who have not exercised any TO1 series orders, dilution is approximately 3.34 percent based on the number of shares after exercising TO1 series orders.

Advisor:

Mangold Fondkommission AB is a financial advisor to SeaTwirl regarding Permissions.

For questions regarding orders, please contact:

Mangold Fondkommission AB

Phone: +46 8 5050 1595

Email: [email protected]

For more information, please contact:

Peter Loritz, CEO

Phone: +46 70 148 0198

Email: [email protected]

About SeaTwirl

SeaTwirl AB (publ) is a Swedish wind energy developer with a vision to become a world leader in floating offshore wind energy. SeaTwirl’s unique floating wind turbine is simple and powerful with few moving parts. This suits conditions at sea and reduces the need for maintenance, resulting in fewer downtime and increased operating hours. The company’s first prototype was installed at sea in 2015. The next full-size unit with 1 MW of installed turbine power is being developed. The company has been listed on the Nasdaq North Growth Market 1 st since 2016. Read more on: www.seatwirl.se

important information

Publication, publication, or distribution of this press release in some jurisdictions may be subject to legal restrictions and persons in the jurisdictions in which this press release has been published or distributed must inform and comply with these legal restrictions. The recipient of this press release is responsible for the use of this press release and the information contained therein in accordance with the rules in force in the respective jurisdiction. This press release does not constitute an offer or an invitation to acquire or subscribe to any SeaTwirl securities in any jurisdiction, either from SeaTwirl or from anyone else.

This press release is not a prospectus within the meaning of Regulation (EU) 2017/1129 (the “Prospectus Regulation”) and has not been approved by any regulatory authority in any jurisdiction. The company has prepared a prospectus, which is in line with the European Union Growth Prospectus, referred to in this press release, and has been published on the company’s website. The prospectus has been reviewed and approved by the Swedish Financial Supervision Authority. Each potential investor in a Rights Issue is advised to read the Prospectus in its entirety before making any investment decision.

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This press release does not constitute an offer or invitation to acquire or subscribe to securities in the United States. The securities referred to here may not be sold in the United States without registration, or without a request for an exemption from registration, in accordance with the then applicable US Securities Act of 1933 (the “Securities Act”), nor may they be offered or sold in the United States without registration, covered Exemption from, or in a transaction not covered by the registration requirements under the Securities Act. There is no intention to register any securities mentioned here in the United States or to make a public offer in relation to these securities in the United States. The information contained in this press release may not be published, published, copied, reproduced, or distributed, directly or indirectly, in whole or in part, to or to Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa. Or the United States or any other jurisdiction in which the publication, publication or distribution of this information violates applicable rules or when such action is subject to legal restrictions or requires additional registration or procedures other than those followed by Swedish law. Actions contrary to these instructions may violate applicable securities legislation.

In the United Kingdom, this document and other materials related to the securities referred to here are distributed and directed only to, and no investment or investment activity related to this document is available except for “eligible investors and will be used only by” (within the meaning of the UK version of the Regulations (European Union) 2017/1129 which is part of the United Kingdom law through the European Union (Withdrawal) Act 2018) and they are (1) persons with professional experience in investment activities and fall within the definition of “professional investors” in Article 19 (5) of UK Financial Services and Markets Act 2000 (Financial Promotion) Ordinance 2005 (the “Order”); or (2) High net worth persons referred to in Section 49 (2) (a) – (d) of the Ordinance (referred to All these persons are collectively named “Concerned Persons”). The investment or investment action to which this Notice relates is only available to the relevant persons in the United Kingdom and will only be performed with the Persons concerned. Persons who are not related persons should not take any action based on this Press release And they shouldn’t act or rely on it.

Information for distributors

In order to fulfill the product management requirements contained in: (a) Directive 2014/65 / EU of the European Parliament and the Council on Financial Instruments Markets, in a consolidated version, (“MiFID II”); (B) Articles 9 and 10 of the Commission (EU) Delegated Directive 2017/593, which supplements MiFID II; (C) National implementation measures (collectively referred to as “MiFID II Product Management Requirements”) and waiving all non-contractual, intra-contractual or other responsibilities that any “manufacturer” may (within the meaning of MiFID II product management requirements) otherwise Therefore, the offered shares are subject to the product approval process, which has demonstrated that these securities are: (1) suitable for a target market of non-professional investors and investors who meet the criteria of professional clients and eligible counterparties, as defined in MiFID II; And (2) suitable for distribution across all distribution channels permitted under MiFID II (“European Union Target Market Assessment”). In order to fulfill the approval process for each UK manufacturer product, the target market assessment of the company’s shares has led to the conclusion that: (1) The target market for such shares is only the eligible counterparties as defined in the FCA Handbook of Business Conduct Reference Book and Investors Professionals as defined by Regulation (EU) 600/2014 which is part of UK law through the European Union (Withdrawal) Act 2018) (“UK MiFIR”), and (2) all distribution channels for these shares to eligible counterparties and customers Suitable professionals (“UK target market assessment” along with EU target market assessment “target market assessment”) despite assessing the target market, distributors should note the following: The price of SeaTwirl’s shares or bills may decline Investors may lose all or part of their investment, SeaTwirl shares and guarantees are an investment in them SeaTwirl shares or guarantees are only suitable for investors who do not need guaranteed returns or capital protection and who (alone or with the assistance of a financial advisor from us) CBS or other advisor) are able to assess the benefits and risks of such an investment and who have sufficient resources to bear the losses that may result from such an investment. The target market assessment does not affect other requirements regarding contractual, statutory or regulatory sales restrictions due to the issue of priority rights.

The target market assessment, to avoid misunderstanding, does not constitute (a) an assessment of suitability or fitness within the meaning of MiFID II or UK MiFIR or (b) a recommendation for any investor or group of investors to invest in, obtain, or take any other action in relation to the shares. Or SeaTwirl Warranties.

Each distributor is responsible for carrying out their own target market assessment regarding SeaTwirl shares and deciding on appropriate distribution channels.

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