Dustin Group

Share Issue/Capital Change • Aug 25, 2021

Press release Stockholm, August 25, 2021

The information in this press release is not intended for publication, public release or distribution, directly or indirectly, in or into the United States, Australia, Canada, Hong Kong, Singapore or any other jurisdiction where such publication or distribution would violate applicable laws or regulations. See the section "Important information" at the end of this press release.

Dustin's rights issue fully subscribed

The result of the rights issue in Dustin Group AB (publ) ("Dustin") shows that 16,064,052 shares have been subscribed for by the exercise of subscription rights. The remaining 95,773 shares have been allotted to those who have subscribed for shares without subscription rights. The rights issue is thus fully subscribed and Dustin will receive proceeds amounting to approximately SEK 1,212 million before issue costs.

• The result shows that 16,064,052 shares, corresponding to approximately 99.4 per cent of the offered shares in the rights issue, have been subscribed for by the exercise of subscription rights. Additionally, applications for subscription without subscription rights of 7,800,319 shares have been received. The rights issue is thus fully subscribed.
• Allotment of shares subscribed for without subscription rights has been made in accordance with the principles described in the prospectus. As confirmation of the allotment of new shares subscribed for without subscription rights, a contract note will be sent to those who have been allotted shares, which is expected to take place today, August 25, 2021. No notice will be sent to those who have not been allotted shares. Subscribed and allotted shares must be paid for in cash in accordance with the instructions on the contract note. Nominee-registered shareholders will receive notice of allotment and payment in accordance with the procedures of the nominee.
• As a result of the rights issue, Dustin will receive proceeds amounting to approximately SEK 1,212 million before issue costs. The rights issue will increase Dustin's share capital with SEK 80,799,126.782734 from SEK 484,794,765.696401 to SEK 565,593,892.479135 and the number of shares will increase by 16,159,825 shares. The number of shares in Dustin after the rights issue will amount to 113,118,776 shares.
• New shares subscribed for by the exercise of subscription rights are expected to be registered by the Swedish Companies Registration Office (the "SCRO") on or around August 26, 2021. The last day of trading in paid subscribed shares subscribed for under subscription rights ("BTA 1") is

today, August 25, 2021. The new shares are expected to start trading at Nasdaq Stockholm on or around August 31, 2021.

• New shares subscribed for without subscription rights are expected to be registered by the SCRO on or around September 7, 2021, and are expected to start trading at Nasdaq Stockholm on or around September 9, 2021. Paid subscribed shares subscribed for without subscription rights ("BTA 2") will be registered in connection with subscription, but will not be subject to trading on Nasdaq Stockholm.
• We are very happy and satisfied with the strong support that both existing and new shareholders have shown us in the rights issue. We are now looking forward to continue to build our leading position in the Nordics and Benelux, says Thomas Ekman, CEO of Dustin.

Advisors

Carnegie Investment Bank AB (publ) and Swedbank AB (publ) are financial advisors and Advokatfirman Cederquist is legal advisor to Dustin in connection with the rights issue.

For additional information, please contact:

Eva Ernfors, Head of Communication: eva.ernfors@dustin.se, +46 70 258 62 94

About Dustin

Dustin is a leading online based IT partner in the Nordics and the Benelux. We help our customers to stay in the forefront by providing them with the right IT solution for their needs.

We offer approximately 255,000 products with related services to companies, the public sector and private individuals. Sales for the financial year 2019/20 amounted to approximately SEK 13.2 billion and just over 90 per cent of the revenues came from the corporate market.

Dustin has approximately 2,300 employees and has been listed on Nasdaq Stockholm since 2015 with headquarters in Nacka Strand just outside central Stockholm.

Important information

The information in this press release does not contain or constitute an offer to acquire, subscribe or otherwise trade in shares, subscription rights or other securities in Dustin.

This press release may not be released, published or distributed, directly or indirectly, in or into the United States, Australia, Canada, Hong Kong, Singapore, or any other jurisdiction where participation in the rights issue would require additional prospectuses, registration or measures besides those required by Swedish law. Nor may this press release be distributed in or into such countries or any other country or jurisdiction in which distribution requires such measures or otherwise would be in conflict with applicable regulations. Any failure to comply with the restrictions described may result in a violation of applicable securities regulations.

No subscription rights, paid subscription shares (Sw. Betalda tecknade aktier) or shares issued by Dustin have been, or will be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or the securities legislation of any state or other jurisdiction of the United States and no subscription rights, paid subscription shares or shares may be offered, subscribed for, exercised, pledged, granted, sold, resold, delivered or otherwise transferred, directly or indirectly, in or into the United States, other than according to applicable exceptions from, or in a transaction not subject to, the registration requirements of the Securities Act, and in accordance with securities laws in the state or other jurisdiction in question in the United States. There will be no public offering of such securities in the United States. The securities referred to herein have not been approved or disapproved by the U.S. Securities and Exchange Commission (SEC), any state securities commission or other regulatory authority in the United States, nor have any of the foregoing authorities passed upon or endorsed the merits of the rights issue or the accuracy or adequacy of this announcement. Any representation to the contrary is a criminal offence in the United States.

This press release contains certain forward-looking information that reflects Dustin's present view of future events as well as financial and operational development. Words such as "intend", "assess", "expect", "may", "plan", "believe", "estimate" and other expressions entailing indications or predictions of future development or trends, not based on historical facts, constitute forward-looking information. Forward-looking information is inherently associated with both known and unknown risks and uncertainties as it depends on future events and circumstances. Forward-looking information is not a guarantee of future results or development and actual outcomes may differ materially from the statements set forth in the forward-looking information.