Savosolar Oyj: Subscription period for shares based on Savosolar Plc’s Warrant Plan 3-2021 starts on 20 March 2023

Savosolar Plc
Company Announcement        17 March 2023 at 1.30 p.m. (CET)

Subscription period for shares based on Savosolar Plc’s Warrant Plan 3-2021 starts on 20 March 2023

Savosolar Plc ("Savosolar” or the "Company”) carried out a rights issue during the period between 11 October 2021 and 27 October 2021, where warrants were issued to the subscribers free of charge (the "Warrant Plan 3-2021”). The share subscription price based on the warrants of series TO10 (the "Warrants”) has been set to EUR 0.054 or SEK 0.60 per share.

The subscription price per share for the Warrant Plan 3-2021 is EUR 0.054 or SEK 0.60.

The subscription period for shares that can be subscribed for based on the Warrants is 20 March 2023 – 31 March 2023.

The terms and conditions of the Warrants can be found at https://savosolar.com/investors/share/stock-options-programmes/.

SAVOSOLAR PLC

For more information:

CEO Jari Varjotie
Phone: +358 400 419 734
E-mail: jari.varjotie@savosolar.com

Savosolar in brief

Savosolar has two business areas: Marine Logistics and Renewable Energy.

Marine Logistics (Meriaura Oy) is a major provider of transport for bulk cargo and demanding project deliveries in Northern Europe, especially in the Baltic Sea and North Sea regions. The company provides its customers with competitive and environmentally sustainable marine transport services, which also reduce carbon emissions from marine transport. Its long-term affreightment agreements, modern fleet and strong market position in renewable energy construction projects enable freight that supports environmentally friendly solutions. As part of Marine Logistics, VG-EcoFuel Oy produces recycled biofuels from bio-oils and recycled oils generated as industrial by-products.

The Renewable Energy (Savosolar Oyj) designs and delivers clean energy production systems as comprehensive deliveries. The systems are built around large-scale solar thermal systems implemented using high-performance solar heat collectors manufactured by the company. Other energy production and storage technologies can also be combined with the systems. The company has taken solar thermal technology to a new level, and its collectors have patented nano-coated direct flow absorbers. With this leading technology, Savosolar enables its customers to produce clean and competitive energy.

Savosolar’s shares are listed on Nasdaq First North Growth Market Sweden under the ticker symbol SAVOS and on Nasdaq First North Growth Market Finland under the ticker symbol SAVOH. www.savosolar.com.

The company’s Certified Adviser is Augment Partners AB, info@augment.se, tel. +46 8-604 22 55.