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One (1) subscription option ESEN TO 1 entitles the holder to subscribe for one (1) new share.

Four (4) Warrants entitle to subscribe for one (1) new share at a price corresponding to 70 percent of the volume weighted average price according to the Spotlight Stock Markets official price list for shares in the Company during 30 trading days prior to April 30, 2020, but at least 0.42 SEK and a maximum of SEK 1.26. However, the subscription price may never be lower than the share's quota value. In the event that the Rights Issue and the Warrants are fully exercised for subscription of shares, an additional 1,211,711 shares will be issued through the Warrants, corresponding to an increase of the share capital by SEK 217,464.29. Through the Warrants, the Company can receive a maximum of approximately SEK 1.5 million, before issue costs.