Bulletin from the extraordinary general meeting in Zutec Holding AB (publ) on 11 June 2021

The extra general meeting in Zutec Holding AB (publ) was held on Friday 11 June 2021. Due to the extraordinary situation because of the COVID-19 pandemic, the extraordinary general meeting was carried out through postal voting only, without any physical attendance. The general meeting resolved, with the required majority, on the resolution below:

Approval of the Board of Director’s resolution on directed share issue

The general meeting resolved to approve the Board of Director’s decision of 25 May 2021, on a directed share issue of a maximum of 16,666,666 shares, which means that the share capital as a result of the share issue will be increased by not more than SEK 3,333,333.20. the share issue was directed to certain professional investors and the shares was issued at a subscription price of SEK 6.00 per share.

For more information, please contact:

Gustave Geisendorf, CEO at Zutec

Tel: +353 1 201 3565

E-mail: gustave.geisendorf@zutec.com

About Zutec

Zutec is a niche provider of cloud-based construction management software with offices in Dublin, London and Melbourne.

Zutec Holding AB (publ) is listed on Nasdaq First North Growth Market and Redeye AB AB is the Company's acting Certified Adviser +46 8 121 576 90, certifiedadviser@redeye.se, www.redeye.se