Change in number of shares and votes

Växjö, January 31, 2024

The total number of shares and votes in Balco Group AB ("Balco") has increased by 728,820 shares and votes. The reason for the increase in the number of shares and votes is the implementation of the directed new issue of 728,820 shares decided by the board on January 22, 2024, with the support of authorization from the annual general meeting on May 9, 2023, due to Balco's acquisition of Riikku Group Oy. As of 31 January 2024, the number of shares and votes in Balco thus amounts to 22,638,168 shares and votes. Balco does not hold any own shares.

This disclosure contains information that Balco Group AB is obliged to make public pursuant to the Swedish Financial Instruments Trading Act (1991:980). The information was submitted for publication, through the agency of the contact person, on 31-01-2024 18:00 CET.

For more information, please contact:

Michael Grindborn
CFO and Head of IR
+46 70 670 18 48
michael.grindborn@balco.se

Balco Group is the market leader in the balcony industry where we develop, manufacture, sell and are responsible for the installation of self-made open and glazed balcony systems. The group's customized products contribute to increased quality of life, safety and to an increase in value for the residents of apartment buildings, in addition, Balco Group's standardized glazing generates reduced energy consumption The company, which was founded in Växjö in 1987 and which has more than 500 employees, is a market leader in Scandinavia, and operates on several markets in northern Europe. Sales in 2022 amounted to 1,334 MSEK. Balco’s shares are listed on the Nasdaq Stockholm Stock Exchange.