Correction to Bawat's Q1 Report 2024

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Bawat Q1 2024 Interim Report is missing information about number of circulating shares.

The number of circulating shares at the end of March 2024 was 55,353,621 (Q1 2023 39,542,371). The average number of circulating shares for Q1 2024 was 54,327,467 (Q1 2023 39,542,371).

Further, 457,850 (Q1 2023 458,650) warrants are circulating. The exercise impact of the warrants is not included above. The warrants are out of the money and thus insignificant.

FOR MORE INFORMATION, PLEASE CONTACT:

Investors & Media:

Marcus P. Hummer, CEO, E-mail: mph@BAWAT.com

John B. Henriksen, CFO, E-mail jbh@BAWAT.com

Certified Adviser

Svensk Kapitalmarknadsgranskning AB

ca@skmg.se

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