RevolutionRace Corporate

INCENTIVE PROGRAMMES

Long-Term Incentive Programmes

LTIP 2021/24 Was resolved by the Extraordinary General Meeting on 6 June 2021 and comprises a maximum of 1,889,677 subscription warrants. The program is directed to senior executives and other key employees within the RevolutionRace group. The subscription warrants can be exercised during the period 1 July 2024 – 31 December 2024. The initial strike price for subscription of new shares by virtue of the subscription warrants amounts to SEK 97.50 per share, corresponding to 130 per cent of the IPO offering price. The terms and conditions for the subscription warrants contain customary recalculation provisions.

LTIP 2022/26 Was resolved by the Annual General Meeting on 10 November 2022 and comprises a maximum of 2,125,000 subscription warrants. The program is directed to senior executives and other key employees in the RevolutionRace group. The subscription warrants can be exercised during the period 15 November 2025 – 15 May 2026. The initial strike price for subscription of new shares by virtue of the subscription warrants amounts to SEK 39.65 per share, corresponding to 140 per cent of the volume weighted average price paid for the company’s share on Nasdaq Stockholm during the period 2–9 November 2022. The terms and conditions for the subscription warrants contain customary recalculation provisions.

LTIP 2023/27 Was resolved by the Annual General Meeting on 21 November 2023 and comprises a maximum of 750,000 subscription warrants. The program is directed to senior executives and other key employees in the RevolutionRace group. The subscription warrants can be exercised during the period 2 January–2 July 2027. The initial strike price for subscription of new shares by virtue of the subscription warrants amounts to SEK 74.23 per share, corresponding to 140 per cent of the volume weighted average price paid for the company’s share on Nasdaq Stockholm during the period 4–8 December 2023. The terms and conditions for the subscription warrants contain customary recalculation provisions.