HUMBLE HAS COMPLETED THE ACQUISITIONS OF PRIVAB YSTAD, PRIVAB TROLLHÄTTAN AND PRIVAB’S MARKETING COMPANY

Humble Group AB (publ) ("Humble") has completed the acquisitions of Privab Grossisterna AB ("Privab Marknadsbolag"), Aktiebolaget Cool & Candy ("Privab Ystad") and Skövde Snabbgross AB ("Privab Trollhättan" and together with Privab Marknadsbolag and Privab Ystad, the "Privab companies"), which were published by Humble on January 16, 2023 (the "Transactions").

Humble has paid the purchase price for the shares in the Privab companies with cash, existing shares in Humble that were owned by Humble's subsidiary Ewalco Holding AB and through the issuance and allocation of 5,275,975 shares in Humble to the sellers of the Privab companies, which the board of Humble resolved today.

All other conditions for the closing of the Transactions have been fulfilled and Humble has thus closed the shares in the Private Company.

In connection with the Transactions, Humble's share capital will increase by SEK 1,160,714.50 to SEK 67,441,122.10 and the number of shares in Humble will increase from 301,274,580 to 306,550,555 shares. The cash part of the purchase price has been financed with Humble's existing cash.

ADVISOR
Rämsell Advokatbyrå AB is legal advisor to Humble in connection with the Transactions.

For further information, please contact:
Simon Petrén, CEO, Humble Group AB
E-mail: simon.petren@humblegroup.se
Telephone: +468 61 32 888

The information in this press release has been published by the above contact person, at the time specified by Humble Group's news distributor Cision at the time of publication of this press release.

ABOUT HUMBLE
Humble Group is a Swedish food-tech and FMCG-group, supplying the next generation of products that are good for people and the planet. Humble targets the segments of foodtech, eco, sustainability and vegan to drive high organic growth, acquisitions and utilize synergies in the different operation entities: Brands, Distribution, Manufacturing and Ingredients and R&D. Humble’s technology solutions, refined through scientific research and extensive market experience, facilitate new formulations and recipes that improve the taste and texture of the next generation of sugar-reduced, sustainable and vegan products. For more information visit www.humblegroup.se

Humble is listed on Nasdaq Stockholm, First North Growth Market, under the ticker HUMBLE. FN Sweden AB is Humble’s certified adviser. Tel: 08-528 00 399 E-mail: info@fnca.se