Balco Group

Declaration of Voting Results & Voting Rights Announcements • Oct 30, 2020

Increase in the number of shares and votes in the Balco Group

In connection with the expiry of Balco Group's warrants program 2017–2020 for senior executives in October 2020, participants have chosen to exercise their warrants to subscribe for a total of 286,037 new shares

This means that the number of shares and votes in the Balco Group has increased from 21,623,311 to 21,909,348 and the share capital has increased from 129,744,958.52 SEK to 131,461,248.024732 SEK

For more information, please contact:

Michael Grindborn, CFO and Head of IR, +46 70 670 18 48

This information is information that Balco Group Holding AB is obliged to make public pursuant to the Swedish Financial Instruments Trading Act. The information was submitted, through the agency of the contact person above, for publication at 18.00 CET on October 30, 2020.

Balco in brief:

Balco is a growth company offering high quality, innovative, patented and energysaving balcony solutions. The company's customised products contribute to enhanced quality of life, security and an increase in value for residents of multifamily residential properties. Through a decentralized and efficient sales process, Balco has control over the entire value chain – from production to delivery. The company, which was founded in Växjö in 1987 and has over 400 employees, is a market leader in the Nordic region, and operates on several markets in northern Europe. Sales in 2019 amounted to SEK 1,221 M. Balco's shares are listed on the Nasdaq Stockholm Stock Exchange.