Write-down of Shares in Subsidiaries

Stockholm - 2024-01-10

MyFirstApp Sweden AB (publ) ("MyFirstApp") has, with the principle of caution in mind, identified an impairment need in connection with the ongoing preparation of the financial statements. The board has decided on an impairment of the value of shares in the subsidiary MyFirstApp Group S AB and Oy 10Monkeys.com Ltd totaling approximately SEK 11.6 million. The impairment negatively affects the parent company's equity and results for the fourth quarter of 2023 but has no impact on the group's overall results. The impairment does not affect the company's cash flow.

After the impairment, the shares in the subsidiary MyFirstApp Group S AB will be recorded at a value of approximately SEK 14.3 million, and Oy 10Monkeys.com Ltd at a value of approximately SEK 9,0 million.

This information is information that MyFirstApp Sweden AB (publ) is required to make public pursuant to the EU Market Abuse Regulation. The information was provided by the above contact, for publication 2024-01-10