Correction of incorrect figures in interim report submitted on Thursday 17 November 2022

Incorrect information has been stated in the interim report submitted by Nilar International AB on Thursday, November 17, 2022. The errors do not concern the income statement or balance sheet, but mainly relate to the company's cash flow analysis and historical comparative figures.

The errors are due to a handling error within the company for which we apologize. A corrected version of the Interim Report Q3 2022 is available as an appendix to this press release and on the company's website.

For further information, please contact: 
Erik Oldmark, CEO
E-mail erik.oldmark@nilar.com 
Mobile +46 70 432 4444

About Nilar:

Nilar is a Swedish-based developer and manufacturer of batteries aimed for stationary electrical energy storage systems. Energy storage can be used to bridge the gap between energy production and consumption, for example to better exploit the potential of intermittent electricity production from renewable energy sources, such as solar and wind power. Energy storage systems will also play a key role when it comes to reinforce increasingly strained electricity grids. Nilar's battery technology is Nickel Metal Hydride (NiMH) based on a water-based electrolyte, resulting in a strong environmental, safety and performance profile. The company is headquartered in Täby and the energy efficient production, powered by 100% renewable energy, is since 2012 based in the Gävle, where the company's research and development also takes place.

The NILAR share is listed on Nasdaq First North Premier Growth Market. FNCA Sweden is Certified Adviser +46 (0)8-528 00 399. For more information, see www.nilar.com.