Comment on EHAB’s net asset value update as of 31 December 2025

Esmaeilzadeh Holding AB (publ) (“EHAB”) today announced its net asset value as of 31 December 2025. In order to further explain the deviation from the previous net asset value update, EHAB provides the following specific comment regarding Lyvia Group AB (publ) (“Lyvia”).

As of 31 December 2025, the fair value of EHAB’s holding in Lyvia amounts to SEK 3,162 million (SEK 3,969 million as of 30 November 2025). The adjusted fair value is in line with what EHAB communicated on 3 December 2025. 

Following Lyvia’s shareholders’ meeting on 18 December 2025, certain eligble subscribers have subscribed for shares in the share issue. 

Thus, EHAB has, in light of this transaction and in accordance with what was communicated on 3 December 2025, resolved to adjust the fair value of its holding in Lyvia by approximately SEK -807 million compared to the value as of 30 November 2025.

For further information, please contact:

Mikael Ericson, CEO

Email: mikael.ericson@ehab.group

The information was submitted for publication, through the agency of the contact person set out above on 20 January 2026, 08:00 CET.

About Esmaeilzadeh Holding AB (publ)

EHAB is an entrepreneurially driven investment company that invests in and develops resilient companies within selected industries. The primary focus is investments in operational groups with opportunities for both organic and acquisition-based growth. For more information, see www.ehab.group.