The Board of Directors of Hoylu resolves on a private placement of approximately SEK 28.5 million, and a directed share issue of approximately SEK 1.5 million subject to shareholders’ approval

The Board of Directors in Hoylu AB (publ) (“Hoylu” or the “Company”) has today, based on the authorization granted by the Annual General Meeting on 25 June 2020, resolved, and carried out, a
directed share issue of approximately SEK 28.5 million (the “Private Placement”).

In addition, the Board of Directors resolved, subject to the subsequent approval by the shareholders on an extraordinary