The Board of Directors of Swedish Stirling has decided to withdraw the ongoing new issue of preference shares

The Board of Directors of Swedish Stirling AB (publ) (”Swedish Stirling” or the ”Company”) has today decided to withdraw the ongoing offering of newly issued preference shares to institutional investors in Sweden and abroad and the general public in Sweden (the ”Offering”) that was announced on 30 August 2022. The Offering is withdrawn due to prevailing market conditions.

On 30 August, 2022, the Board of Directors of the Company, by support of authorization from the annual general meeting on April 21, 2022, resolved to carry out the Offering of approximately SEK 100 million to primarily finance the production and installation PWR-BLOK 400-F at Glencore’s Lion smelter in Steelport, South Africa. The Board of Directors has today decided to withdraw the Offering due to prevailing market conditions.

This information is such information that Swedish Stirling AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below on September 23, 2022 at 17:45 CEST.