Evolution

Transaction in Own Shares • Feb 24, 2025

Press release 2025-02-24

Acquisitions of own shares in Evolution AB (publ)

Evolution AB (publ) ("Evolution") has, during the period 17 February – 21 February, acquired a total of 359,100 own shares within the framework of the repurchase programme introduced by the board of directors to improve the capital structure of Evolution by reducing the capital, and thereby creating added shareholder value.

The repurchase programme, which Evolution announced on 10 February 2025, is being implemented in accordance with the EU Market Abuse Regulation No 596/2014 ("MAR") and Commission Delegated Regulation No 2016/1052 ("Safe Harbour Regulation").

During the period 17 February – 21 February, shares in Evolution have been acquired as set out below.

Date	Aggregated daily volume (number of shares)	Weighted average price per day (SEK)	Daily transaction value per day (SEK)
2025-02-17	65,600	840.8922	55,162,528.32
2025-02-18	68,500	847.9597	58,085,239.45
2025-02-19	95,000	829.7130	78,822,735.00
2025-02-20	60,000	832.0518	49,923,108.00
2025-02-21	70,000	826.3099	57,841,693.00

All acquisitions were carried out on Nasdaq Stockholm on behalf of Evolution by Citigroup Global Markets Europe AG which makes its trading decisions concerning the timing of the purchases of shares independently of Evolution. Following the above acquisitions, Evolution's holding of own shares amounted to 5,840,871 as of 21 February 2025. The total number of shares in Evolution is 211,833,204.

Since 11 February up to and including 21 February, a total of 569,910 shares have been acquired within the scope of the programme. A maximum of 15,912,359 shares in total may be acquired.

For further information, please contact:

Carl Linton, Head of IR, ir@evolution.com.

The information was submitted for publication, under the agency of the contact person set out above, on 24 February 2025, at 10:00am CET.

Evolution AB (publ) ("Evolution") develops, produces, markets and licenses fully-integrated B2B Online Casino solutions to gaming operators. Since its inception in 2006, Evolution has developed into a leading B2B provider with 800+ operators among its customers. The group currently employs about 21,000 people in studios across Europe, North and South America. The parent company is based in Sweden and listed on Nasdaq Stockholm with the ticker EVO.

Visit www.evolution.com for more information. Evolution is licensed and regulated by the Malta Gaming Authority under license MGA/B2B/187/2010. Evolution is also licensed and regulated in many other jurisdictions such as the United Kingdom, Belgium, Canada, Romania, South Africa, and others.