Eltel

Declaration of Voting Results & Voting Rights Announcements • Jul 5, 2022

Press release 5 July 2022 13:00 CEST

CORRECTION: Change in number of shares and votes

On July 4, 2022, Eltel AB (publ) ("Eltel") published a press release titled "Change in number of shares and votes". It has been noted that the press release contained an incorrect indication of the number of C-shares and ordinary shares in the company as of July 4, 2022. A corrected wording with the correct number of shares and votes can be found below.

Eltel AB (publ) ("Eltel") has during June 2022 converted 87,700 class C shares to ordinary shares pursuant to the company's articles of association.

Prior to the conversion, the total number of outstanding shares in Eltel amounted to 158,231,081 and the total number of votes amounted to 156,807,281. Through the conversion, the number of ordinary shares in Eltel has increased by 87,700 shares, corresponding to 87,700 votes. As of today, the total number of registered and outstanding shares in Eltel amounts to 158,231,081, whereof 156,736,781 are ordinary shares and 1,494,300 are class C shares. As of today, the number of votes in Eltel amounts to 156,886,211 and the registered share capital amounts to EUR 159,575,694.559719.

The above information is such that Eltel shall make public pursuant to the Financial Instruments Trading Act (1991:980) and the Securities Market Act (2007:528).

For further information, please contact:

Henrik Sundell, General Counsel Phone: +46 76 633 5220, henrik.sundell@eltelnetworks.se

About Eltel

Eltel is a leading Nordic field service provider for communication and power networks. We deliver a comprehensive range of solutions from maintenance and upgrade services to project delivery. This includes design, planning, building, installing and securing the operation of networks for a more sustainable and connected world today and for future generations. In 2021, Eltel had annual sales of EUR 812.6 million. The total number of employees currently stands at around 5,000. Eltel AB is listed on Nasdaq Stockholm.