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SECURED FINANCING OF KARLATORNET

Following discussions with the Board of Directors of Serneke Group, Ola Serneke has decided to step down from the role of President and CEO of Serneke Group. He will also be leaving his position as a member of the company's Board of Directors. In his role as President of Serneke Invest, Ola Serneke will retain responsibility for the company's major urban development projects.

As of 29 January 2021, the total number of shares in Serneke Group AB (publ) ("Serneke") amounts to 28,753,232 shares, divided into 5,210,000 shares of series A and 23,543,232 shares of series B. The total number of votes in Serneke as of 29 January 2021 amounts to 7,564,323.2.

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Serneke Group AB (publ) ("Serneke" or the "Company") announces that the Company's subscription ratio in the rights issue amounts to 187 per cent. The subscription period for the rights issue ended on 13 January 2021. The final result in the rights issue shows that 3,060,929 series B shares, corresponding to approximately 95.5 per cent of the offered shares, were subscribed for with subscription rights. The remaining 143,851 series B shares have been allotted to those who have subscribed for shares without subscription rights. The rights issue is therefore fully subscribed and Serneke will receive proceeds amounting to approximately SEK 170 million before transaction costs.

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As of 30 December 2020, the total number of shares in SERNEKE Group AB (publ) ("Serneke") amounts to 25,548,452 shares, divided into 5,210,000 shares of series A and 20,338,452 shares of series B. The total number of votes in Serneke as of 30 December 2020 amounts to 7,243,845.2.

The number of shares and votes in Serneke has increased as a result of the registration of 2,300,000 shares of series B subscribed for by Fastighets AB Balder through a directed share issue in order to strengthen and broaden Serneke's shareholder base as well as enable for an important co-operation partner to become a significant shareholder of the company in a time- and cost efficient way.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SWITZERLAND, SINGAPORE, SOUTH AFRICA, THE UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE SECTION "IMPORTANT INFORMATION" AT THE END OF THIS PRESS RELEASE.
 

On 17 December 2020, Serneke announced, among others, that the Board of Directors had resolved to carry out a rights issue of approximately SEK 170 million (the "Rights Issue"). The prospectus that has been prepared in connection with the Rights Issue (the "Prospectus") has been approved and registered by the Swedish Financial Supervisory Authority, and is available on Serneke's website, www.serneke.se. Within a couple of days the Prospectus will also be published in the Swedish Financial Supervisory Authority's prospectus register, www.fi.se.