The shareholders of Minesto AB (publ), reg. no. 556719-4914 (“Minesto” or the “Company”), are hereby given notice to attend the Extraordinary General Meeting to be held on Monday, 23 November 2026 at 1.00 p.m. (CET) at MAQS Advokatbyrå’s premises on Masthamnsgatan 13 in Gothenburg, Sweden.

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES OF AMERICA, AUSTRALIA, BELARUS, CANADA, HONG KONG, JAPAN, NEW ZEALAND, RUSSIA, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OR ANY OTHER MEASURE.

The Board of Directors of Minesto AB (publ) (“Minesto” or the “Company”) has today resolved on an intention to carry out an issue of shares with preferential rights for the Company’s existing shareholders of approximately SEK 130 million (the “Rights Issue”), and to convene an Extraordinary General Meeting to be held on 23 November 2026 to resolve on an amendment of the Articles of Association and a new authorisation for the Board of Directors to resolve on issues of shares and warrants (the “Authorisation”) in order to enable the Rights Issue. The Board of Directors intends to formally resolve on the Rights Issue on 25 November 2026, by virtue of the authorisation from the Extraordinary General Meeting. The Company has received subscription undertakings from the Company’s largest shareholder Corespring New Technology AB (“Corespring”) and from shareholding members of the Company’s management amounting to a total of approximately SEK 10.5 million, and a bottom guarantee commitment from Vator Securities AB (“Vator”) amounting to approximately SEK 67.5 million. The Rights Issue is thus covered by subscription undertakings and a guarantee commitment of approximately SEK 78 million, corresponding to approximately 60 percent of the Rights Issue.

Minesto intends to use the proceeds from the Rights Issue to secure project investments for the first commercial arrays, with Hestfjord in the Faroe Islands and Euro Dragon Farm in Ireland as the lead candidates, and for sales of microgrid systems emerging from the ongoing development in the Faroe Islands. In addition, the proceeds will cover costs for Dragon technology advancements for scale-up, as well as working capital for general corporate purposes.

Notice of the Extraordinary General Meeting will be announced in a separate press release.

Minesto, leading ocean energy developer, today announces that the company has been selected by the European Commission to enter Grant Agreement Preparation (GAP) for funding of 20.2 M EUR million under the Innovation Fund (Call INNOVFUND-2025-NZT). The selected project, Euro Dragon Farm, is a first-of-its-kind 10 MW tidal kite array planned for deployment in Ireland. Minesto now enters the GAP phase to finalise and sign the grant agreement with the European Climate, Infrastructure and Environment Executive Agency (CINEA). This process will be finalized in the first quarter of 2027.

Minesto has validated its industry-leading service turnaround capability as upgraded Dragon 4 tidal power plant returned to operation in only 48 hours following its latest service intervention, demonstrating a unique service concept that delivers high availability and low operating costs.

CEO Dr Martin Edlund: “The first six months of 2026 have seen tangible progress across our business. We have verified electricity production performance over long production cycles, enhanced customer offerings, and multiplied our customer engagements.  Our conviction is stronger than ever that tidal energy is moving from promise to reality, spearheaded by us”.

Minesto implements organisational changes to enhance the commercial readiness of its service offering.  Site installation and operations (installation and handling) will be managed through customer delivery projects, such as the Vestmanna Site Project, relying on Minesto’s proprietary and proven methods and technology, but primarily delivered by external and local resources to enhance flexibility and efficiency. Technology development related to Operations methods and tools will be integrated into Product Development led by Chief Technology Officer, Bernt Erik Westre.

Minesto today announces that the Dragon 4 power plant, upgraded with a new power-take-off (PTO) system that improves energy production throughout the tidal flow cycle, has delivered record breaking electricity generation over the summer in Vestmannasund, Faroe Islands. ”We have now demonstrated what we believe to be the most efficient tidal energy power plant in the world in terms of energy conversion performance. This is proven through continuous production over several months,” says Dr Martin Edlund, CEO of Minesto.

The Annual General Meeting of Minesto AB was held today, 23 June 2026, at Hotel Riverton at Badhusgatan 26 in Gothenburg. Chairperson of the Annual General Meeting (the “AGM”) was attorney Eric Ehrencrona from MAQS Advokatbyrå.

The shareholders of Minesto AB (publ), reg. no. 556719-4914, (”Minesto” or the ”Company”) are hereby given notice to attend the Annual General Meeting on Tuesday 23 June 2026 at 9.00 a.m. at Hotel Riverton, Stora Badhusgatan 26 in Gothenburg. Registration for the general meeting begins at 8.30 a.m.

CEO Dr Martin Edlund: “An intense first quarter has seen progress in market and technology development”.

Minesto’s Annual Report in Swedish for the financial year 2025 is now available on the company’s website.

CEO Dr Martin Edlund: “A year of global brand and technology exposure and grid-connected electricity production with commercial-scale powerplant”

Minesto, leading ocean energy developer, has on a complementary basis been selected for in-depth investment advisory support by the European Investment Bank (EIB) under the PDA (Project Development Assistance) programme.  The program offers extensive free of charge financial advisory support to a few carefully selected investment opportunities within the renewable energy sector in the EU. The Minesto investment case chosen for the programme is a 10MW Dragon Farm (tidal energy array) located at a new targeted site within EU waters. The EIB advisory support focus’s on increasing the financial attractiveness and overall quality of the investment offer, aiming to raise 25 M EUR in capital. The programme commences immediately.

Minesto today announces that the long-term incentive program LTI 2021, which the Annual General Meeting on 2 June 2021 resolved to implement, has been completed and that a total of 686,611 shares under the program have been subscribed, providing the company with proceeds of approximately SEK 34.3 thousand. Furthermore, the new long-term incentive program LTI 2025, which the Annual General Meeting on 22 May 2025 resolved to implement, has been initiated. Minesto also announces that one of the company’s largest shareholders, Corespring New Technology AB, and the company’s CEO and board member, CFO and CTO have increased their shareholdings in Minesto through acquisitions.

CEO Dr Martin Edlund:”Minesto moves forward with a funded and reinforced action plan for commercial breakthrough”.

THIS PRESS RELEASE MAY NOT BE MADE PUBLIC, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND, RUSSIA, BELARUS, OR ANY OTHER JURISDICTION IN WHICH SUCH ACTIONS, WHOLLY OR IN PART, WOULD BE UNLAWFUL OR DEMAND ADDITIONAL REGISTRATION OR OTHER MEASURES. PLEASE REFER TO “IMPORTANT INFORMATION” IN THE END OF THIS PRESS RELEASE.

The Board of Directors of Minesto AB (publ) (”Minesto” or the ”Company”) has resolved to allow Fenja Capital to pay part of its subscription payment in the Company’s rights issue of shares, which was announced on 16 September 2025, (the ”Rights Issue”) through set-off. Minesto announced on 18 June 2025 that the Company had raised a loan financing of SEK 22 million from Fenja Capital. The set-off is made by Fenja Capital setting off its outstanding loan claims, including accrued interest, totaling approximately SEK 22.2 million as payment for allocated and subscribed shares in the Rights Issue.

Minesto AB (publ) (“Minesto” or the “Company”) announces today, 30 October 2025, that Board Member Git Sturesjö Adolfsson has decided to resign from the Company’s Board of Directors at her own request.

THIS PRESS RELEASE MAY NOT BE MADE PUBLIC, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEELAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND, RUSSIA, BELARUS, OR ANY OTHER JURISDICTION IN WHICH SUCH ACTIONS, WHOLLY OR IN PART, WOULD BE UNLAWFUL OR DEMAND ADDITIONAL REGISTRATION OR OTHER MEASURES. PLEASE REFER TO “IMPORTANT INFORMATION” IN THE END OF THIS PRESS RELEASE.

Minesto AB (publ) (“Minesto” or the “Company”) announces the outcome of the Company’s rights issue of up to 82,364,595 shares (the “Rights Issue”). The Company has received the outcome of the Rights Issue which concludes that 33,436,356 shares, corresponding to approximately 40.6 percent of the Rights Issue, have been subscribed for with the support of subscription rights. Additionally, applications for subscription of 575,828 shares, corresponding to approximately 0.7 percent of the Rights Issue, have been received for subscription of shares without the support of subscription rights. In aggregate, the subscriptions with the support of subscription rights and the applications for subscription without the support of subscription rights correspond to approximately 41.3 percent of the Rights Issue. Hence, guarantee commitments of 19,501,329 shares, corresponding to approximately 23.7 percent of the Rights Issue, will be utilized. The Rights Issue will provide the Company with proceeds of approximately SEK 99.0 million before deduction of costs related to the Rights Issue.

THIS PRESS RELEASE MAY NOT BE MADE PUBLIC, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEELAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND, RUSSIA, BELARUS, OR ANY OTHER JURISDICTION IN WHICH SUCH ACTIONS, WHOLLY OR IN PART, WOULD BE UNLAWFUL OR DEMAND ADDITIONAL REGISTRATION OR OTHER MEASURES. PLEASE REFER TO “IMPORTANT INFORMATION” IN THE END OF THIS PRESS RELEASE.

Today, 21 October 2025, is the last day of trading in subscription rights issued in connection with Minesto AB’s (publ) (”Minesto” or the ”Company”) rights issue of shares which was resolved by the Board of Directors on 16 September 2025 and approved by the Extraordinary General Meeting on 3 October 2025 (the “Rights Issue”). Subscription rights that are not sold or used for subscription will expire worthless.

THIS PRESS RELEASE MAY NOT BE MADE PUBLIC, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEELAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND, RUSSIA, BELARUS, OR ANY OTHER JURISDICTION IN WHICH SUCH ACTIONS, WHOLLY OR IN PART, WOULD BE UNLAWFUL OR DEMAND ADDITIONAL REGISTRATION OR OTHER MEASURES. PLEASE REFER TO “IMPORTANT INFORMATION” IN THE END OF THIS PRESS RELEASE.

On 16 September 2025, Minesto AB (publ) (”Minesto” or the ”Company”) announced that the Board of Directors, conditional on the subsequent approval of an extraordinary general meeting, had resolved on a rights issue of shares of approximately SEK 152.4 million (the ”Rights Issue”). The extraordinary general meeting on 3 October 2025 approved the Rights Issue, which the Company announced the same day. Today, Minesto announces that the prospectus relating to the Rights Issue (the ”Prospectus”) has been approved and registered by the Swedish Financial Supervisory Authority (the ”SFSA”) and has been made available on Minesto’s webpage, www.minesto.com, together with other information related to the Rights Issue. The Prospectus contains certain financial information as of 31 July 2025, related to the Company’s equity and liabilities as well as net debt, that has not been previously disclosed. The Prospectus will also be made available on Vator Securities’ webpage, www.vatorsecurities.se, and on the SFSA’s webpage, www.fi.se/en/our-registers/prospektregistret.

An Extraordinary General Meeting in Minesto AB (publ) was held today, 3 October 2025, at MAQS Advokatbyrå’s premises at Masthamnsgatan 13 in Gothenburg. Chairperson of the General Meeting was lawyer Eric Ehrencrona from MAQS Advokatbyrå.

The English text is an uncertified translation of the Swedish version and in the event of any inconsistency between the English text and the Swedish text, the Swedish text shall prevail.

The shareholders of Minesto AB (publ), reg. no. 556719-4914 (“Minesto” or the “Company”), are hereby given notice to attend the Extraordinary General Meeting to be held on Friday, 3 October 2025 at 1.00 p.m. at MAQS Advokatbyrå’s premises on Masthamnsgatan 13 in Gothenburg, Sweden.

THIS PRESS RELEASE MAY NOT BE MADE PUBLIC, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEELAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND, RUSSIA, BELARUS, OR ANY OTHER JURISDICTION IN WHICH SUCH ACTIONS, WHOLLY OR IN PART, WOULD BE UNLAWFUL OR DEMAND ADDITIONAL REGISTRATION OR OTHER MEASURES. PLEASE REFER TO “IMPORTANT INFORMATION” IN THE END OF THIS PRESS RELEASE.

The Board of Directors of Minesto AB (publ) (”Minesto” or the ”Company”) has today, conditional on the approval of an extraordinary general meeting, resolved on a rights issue of shares of approximately SEK 152.4 million (the ”Rights Issue”). The subscription price has been determined to SEK 1.85 per share. Those who on the record date 8 October 2025 are registered as shareholders in Minesto will receive two (2) subscription rights for each share held. Five (5) subscription rights will entitle to subscription for one (1) new share in the Company. Minesto has received guarantee commitments subject to customary conditions which, in aggregate, amount to SEK 99.0 million, corresponding to approximately 65.0 percent of the Rights Issue. The Company has also received subscription intentions from all shareholding members of the Board of Directors and senior management, including the Company’s CEO Martin Edlund, consisting of a verbally expressed, non-binding, intention to subscribe for their respective pro rata share of the Rights Issue, in total amounting to approximately SEK 0.2 million, corresponding to approximately 0.1 percent of the Rights Issue.

Notice to the extraordinary general meeting for resolution on approval of the Rights Issue, which will be held on 3 October 2025, will be announced through a separate press release.

Leading ocean energy developer Minesto appoints new CFO, Alexander Jancke, starting October 2025.

CEO Dr Martin Edlund: “As the leading pioneer in Ocean Renewable Energy, Minesto moves on with more determination and positive spirit than ever to deliver renewable tidal energy to the world”

Minesto, leading ocean energy developer, announces that a reorganization over the last year has now been completed, resulting in readiness to deliver commercial projects and reduced fixed costs. There are several ingredients in the reshaping of the organization, including relocation geographically, management team set-up and product development focus. The completed reorganization has resulted in a reduction of fixed costs by approximately 35%.

Minesto, leading ocean energy developer, is heading a consortium of four that has been awarded a total of 25 MSEK grant funding from Swedish Energy Agency to build a complete microgrid installation in the Faroe Islands. Minesto collaborates with microgrid technology provider Capture Energy, Faroese utility company Sev and IVL Swedish Environmental Research Institute to demonstrate a unique tidal-based microgrid solution that provides baseload power.

Minesto AB (publ) (“Minesto” or “the Company”) has raised a loan financing of SEK 22 million, from Fenja Capital, intended to be used as working capital in the Company’s ongoing operations and business development to clarify immediate market opportunities.

Minesto, leading ocean energy developer, today announces that its Dragon 12 tidal energy system (Luna), installed in Vestmannasund, Faroe Islands, has met a major production performance milestone: the longer tether enables a 25% increase of power performance. This strengthens the company’s path toward commercial-scale deployment of its unique tidal kite technology.

The Annual General Meeting of Minesto AB was held today, 22 May 2025, at Hotel Riverton at Badhusgatan 26 in Gothenburg. Chairman of the Annual General Meeting (the “AGM”) was Eric Ehrencrona from MAQS Advokatbyrå.