Stenocare A/S

One (1) warrant of series TO1 gives the right to subscribe for one (1) new share during the exercise period from 1 December to 14 December, 2023. The exercise price of warrants of series TO1 will be determined using the 10 day-VWAP prior to the first day of the exercise period, less 30%, with a minimum of 3.21 DKK per share (corresponding to the price per share of the Initial Rights Issue, less 30%) and a maximum of 6.70 DKK per share.

One (1) warrant of series TO2 gives the right to subscribe one (1) new share during the exercise period that is from 10 June to 21 June, 2024. The exercise price of warrant of series TO2 will be determined using the 10 day-VWAP prior to the first day of the exercise period, less 30%, with a minimum of 3.21 DKK price per share (equal to the minimum price of warrant of Series TO1) and a maximum price of 9.62 DKK corresponding to 3 times the minimum price.