Reporting on adjustment in shareholding valuation

Prudence and realism are key in Katalysen Ventures’ (“Katalysen”) portfolio valuation approach. In line with this, Katalysen has today decided to deviate from its preferred application of vetted last transaction prices in valuing shareholdings, to adjust the valuation in one shareholding (“the shareholding”).

In Katalysen’s 2022 Q3 report, Katalysen’s shares in the shareholding were valued at 60.8MSEK. We now value those same shares at 26.1MSEK. The decision to make this adjustment now is based on increased uncertainty in forecasts made by the shareholding. Despite this, the shareholding is showing significant progress in sales operations and product development, and Katalysen remains optimistic about the shareholding’s long-term prospects.

The above adjustment results in a total portfolio value of 191.2MSEK at the end of 2022Q3. This is 15.8% lower than last communicated in the Q3 report. Katalysen’s market value on Spotlight Market was 144.9MSEK when markets closed on 2022-12-12. We do not currently foresee that the valuation of any other shareholding warrants any significant adjustment.

Peter Almberg, CEO at Katalysen commented: “I make the assessment that this new valuation best describes reality at this moment. In 2022, the markets were hit by an extraordinary set of issues: a pandemic, war, inflation, energy crisis, rising interest rates, and fears of recession. Given these circumstances, I consider it prudent to revalue individual shareholdings. Many of our shareholdings leverage digitalization and new technology to make the future more efficient and sustainable than the present, and as such I remain very optimistic for the future.”

This disclosure contains information that Katalysen Ventures AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 12-12-2022 20:47 CET.