Harju Elekter

Share Issue/Capital Change • Jul 1, 2021

Company Type Category Disclosure time AS Harju Elekter Group Company Release Other price sensitive information 01 Jul 2021 07:05:00 +0300

AS Harju Elekter to invest in Skeleton Technologies Group OÜ Title Currency EUR - Euro

AS Harju Elekter participated in the additional round of equity raising for Skeleton Technologies Group OÜ with an investment of 1.24 million euros. Already existing investors participated in the investment round. Following the increase in the share capital of Skeleton Technologies OÜ, the registered holding of AS Harju Elekter is 7.22%.

AS Harju Elekter continues to perceive the attractiveness of the given investment in terms of the growth of the value of Skeleton and in cooperation in the development, production, and use of modular systems of supercapacitors in electricity control and switching systems.

Skeleton Technologies Group OÜ is Europe's leading manufacturer and developer of graphenebased supercapacitors and energy storage systems, with its customers being automotive companies, industrial equipment manufacturers, and leading tram manufacturers.

Harju Elekter is an international industrial group with more than 50 years of experience, with its main activity being the development and production of electrical and automation solutions. An increasingly significant portion of Harju Elekter's technical solutions are aimed at the renewable energy sector, thus offering complete plans for solar power plants, electric vehicle charging stations and other related solutions. Its factories in Estonia, Finland, Sweden, and Lithuania employ approximately 800 specialists, and the Group's sales revenue for Q1 2021 was 30.7 million euros. The shares of Harju Elekter are listed on the Nasdaq Tallinn Stock Exchange.

Tiit Atso Chairman of the Management Board +372 674 7400

Prepared by: Marit Tack Corporate Communications Manager +372 5340 8444

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