Alelion's largest shareholders transfer subscription rights free of charge to qualified investors

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, SOUTH AFRICA, JAPAN, HONGKONG, SWITZERLAND, SINGAPORE, THE UNITED KINGDOM, NEW ZEALAND, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL.

The Extraordinary General Meeting of Alelion Energy Systems AB (publ) ("Alelion" or "the Company") decided on 18 September 2020 to carry out a rights issue of shares and warrants ("Units") of approximately SEK 56.8m (the "Rights Issue"). Within the framework of the Rights Issue, the Company's largest shareholder, Fouriertransform, at the request of qualified investors and in consultation with the Company's financial adviser Redeye, transferred 67,086,864 unit rights, corresponding to approximately SEK 8.6m or 15% of the Rights Issue.

Alelion's largest shareholder, Fouriertransform, which before the Rights Issue holds 44.20% percent of the total number of shares in the Company, will complete its subscription commitment of SEK 16.5m but has, at the request of qualified investors, transferred the remaining 64,086,864 unit rights granted within the framework for the Rights Issue. Through subscription forms, investors have undertaken to subscribe for units at a total value of approximately SEK 8.6m, corresponding to 15% of the Rights Issue. The transfer of the subscription rights has taken place free of charge.

Advisers 
Redeye AB acts as financial adviser, Setterwalls Advokatbyrå AB acts as legal adviser and Aktieinvest FK AB acts as the issuing agent in the Rights Issue.

For more information, please contact:

Åsa Nordström, CEO Alelion Energy Systems

Tel: +46 702 90 18 58
e-mail: asa.nordstrom@alelion.com

About Alelion

Alelion is a lithium-ion technology solution provider and manufacturer of battery systems. Alelion makes its clients succeed with their electrification of industrial vehicles and transformation to more sustainable use of energy. With powerful solutions, automated production and an empowering approach, Alelion constantly strives forward, for a better tomorrow. Alelion is headquartered in Gothenburg, Sweden and listed at Nasdaq First North Growth Market. 

Alelion’s major owners are Pegroco Invest and Fouriertransform. The company’s share (ALELIO) is traded on Nasdaq First North Growth Market, Stockholm, with G&W Fondkommission as Certified Adviser, e-mail: ca@gwkapital.se, phone: +468-503 000 50.

IMPORTANT INFORMATION

The information in this press release does not constitute an offer to acquire, subscribe for or otherwise trade with shares or other securities in Alelion. No action has been taken, nor will any actions be taken, to permit an offer to the public in any other jurisdiction than Sweden. An invitation to eligible persons to subscribe for shares or other securities in Alelion will only be made through the prospectus which Alelion published on September 29, 2020.

The information in this press release may not be published or distributed, directly or indirectly, within or into the United States of America (including its territories and possessions, any state of the United States and the District of Columbia, the “USA”), Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, the United Kingdom, South Africa or South Korea or any jurisdiction where doing so might be unlawful, subject to legal

restrictions or require other actions than the ones prescribed under Swedish law. Actions in violation of these instructions may constitute a breach of applicable securities law. This press release does not constitute an offer of invitation to acquire or subscribe for shares or other securities in the USA. No subscription rights, BTU or Units or other securities issued by the Company (the “Securities”) have been, nor will they be, registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or the securities laws in any other state or jurisdiction in the USA and no Securities may be offered, subscribed, used, pledged, sold, retailed, delivered or transferred, directly or indirectly, in or into the USA other than pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the USA. The Securities have not been and will not be approved or registered by the Securities and Exchange Commission, any state securities authority or other authority in the USA. No such authority has assessed or made any statements about the Rights Issue or the accuracy or reliability of the prospectus. To assert the contrary is a criminal act in the USA.

Within the European Economic Area ("EEA"), no public offering of Securities is made in any other country than Sweden. In other EEA member states which have implemented Regulation (EU) 2017/1129 of the European Parliament and of the Council (the "Prospectus Regulation") an offering of Securities may only be made in accordance with an exemption from the Prospectus Regulation and any relevant implementing measure.

This press release may contain certain forward-looking statements which reflect Alelion's current view of future events and financial and operational developments. Words such as "intends", "estimates", "expects", "may", "plans", "deems", "believes", "assesses", "anticipates", "will", and other similar expressions which imply indications or predictions regarding future developments or trends, and which are not based on historical facts, constitute forward-looking information. Forward-looking information is by nature affiliated with known and unknown risks and uncertainties since it is dependent on future events and circumstances. Forward-looking information does not constitute any guarantee regarding future results or development and the actual outcome may materially differ from forward-looking statements. The information, assessments and forward-looking statements in this press release are only relevant as of the date of this press release and may change without notice.

CEO Åsa Nordström  +46 702 90 18 58, e-post: asa.nordstrom@alelion.com

Direct link to Press releases: https://alelion.com/press-releases/

Alelion Energy Systems AB
Sörredsbacken 4, SE-418 78 Göteborg
info@alelion.com

www.alelion.com

Org nr: 556710-7916