Enersense International Oyj

Related Party Transaction • Feb 28, 2025

Disclosure 455512

Enersense International Oyj - Inside information

Inside information: Enersense to discontinue its business of zero-emission transport solutions

Enersense International Plc | Inside Information | February 28, 2025 at 12:15:00 EET

Enersense International Plc has completed the strategic assessment of its business focused on zero-emission transport solutions. The company is ramping down the business under assessment and will focus on its core businesses in the Power, Industry and Connectivity segments in line with its strategy.

Related to the discontinued business focusing on zero-emission transport solutions, Enersense estimates to record a write-down of approximately EUR 2-3 million during the first quarter of 2025.

“Developing the business of zero-emission transport solutions would have required significant growth capital. Our focus is now on developing our core business operations on a cash-flow financed sustainable growth path", says CEO Kari Sundbäck.

On 19 June 2024, Enersense announced its strategic direction to focus on project and service operations for the green energy transition. The company also announced that it is conducting a strategic assessment of three businesses: onshore wind power and solar power project development, zero-emission transport solutions and Marine and Offshore Unit. The first two strategic assessments have now been completed, and the strategic assessment of the Marine and Offshore Unit is ongoing. Enersense announced the sale of the onshore wind and solar project development business to Fortum on 19 December 2024, and the transaction was completed on 26 February 2025.

ENERSENSE INTERNATIONAL PLC

Kari Sundbäck

CEO

Further information:

Kari Sundbäck

CEO

tel. +358 50 464 7704 +358 50 464 7704

liisi.tamminen@enersense.com

Jyrki Paappa

CFO

tel. +358 50 556 6512 +358 50 556 6512

liisi.tamminen@enersense.com

Media contacts:

Liisi Tamminen

Head of Communications and Sustainability

tel. +358 44 222 5552 +358 44 222 5552

liisi.tamminen@enersense.com

Distribution:

Nasdaq Helsinki

Key media

www.enersense.fi

About us

Enersense International Plc is a creator of zero emission energy solutions and strongly supports the ongoing energy transition and enabling a zero-emission society. Enersense Group’s revenue in 2023 was EUR 363 million. The company has approximately 2,000 employees, with operations in Finland and internationally. Enersense’s shares are listed on Nasdaq Helsinki (ESENSE). The company’s investor pages can be found at www.enersense.com/investors.