Boozt

Share Issue/Capital Change • Jun 27, 2022

Press Release

MALMÖ, SWEDEN, JUNE 27, 2022

Boozt resolves on conversion of series C shares into ordinary shares for delivery to participants in incentive program

The board of directors of Boozt AB ("Boozt") has on 27 June 2022 resolved to convert 310,661 series C shares into ordinary shares for delivery of shares to participants in the long-term incentive program in the form of a performance-based share program that was adopted at the extraordinary general meeting held on 24 June 2019 ("LTI 2019").

The board of directors of Boozt has, in accordance with the provisions of LTI 2019, resolved to convert 310,661 series C shares for allotment of the same number of ordinary shares to the participants in LTI 2019, where 47,123 ordinary shares were allotted to the CEO of Boozt, 137,452 ordinary shares to other group management and 126,086 ordinary shares to key employees. A total of 24 participants have been allotted ordinary shares in LTI 2019.

The number of outstanding shares in Boozt, after the registration of the above-mentioned conversion of series C shares into ordinary shares, amounts to a total of 67,467,637 shares, of which 65,809,262 are ordinary shares with one vote each and 1,658,375 are series C shares with 1/10 vote each. All series C shares are held by Boozt. The total number of votes in Boozt amounts to 65,975,099.50.

For additional information, please contact:

Ronni Olsen / Investor Relations / Phone: +45 31 22 04 56 / Email: rofo@boozt.com

Boozt is a leading, fast-growing and profitable Nordic technology company selling fashion online. The Group generated net sales amounting to SEK 4.4 billion in 2020. Boozt offers its customers a curated and contemporary selection of fashion brands, relevant to a variety of lifestyles, mainly through its multi-brand webstore Boozt.com. The company is focused on using cutting-edge, in-house developed technology to curate the best possible customer experience. Besides Boozt.com, the company also runs the webstore Booztlet.com and retail stores Booztlet and Beauty by Boozt in Denmark. For more information, please visit www.booztgroup.com.