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    Nelly’s rights issue is oversubscribed

    The result of the rights issue in Nelly Group AB (publ) (“Nelly”) shows that 10,382,620 ordinary shares have been subscribed for by the exercise of subscription rights. The remaining 1,606,392 ordinary shares have been allotted to those who have subscribed for shares without subscription rights. The rights issue is thus fully subscribed and Nelly will receive proceeds amounting to approximately MSEK 53 before issue costs.

    Nelly comments the second quarter

    Nelly Group AB’s (”Nelly’s”) net revenue for the second quarter 2022 is expected to decrease by a double digit percent figure and the operating profit is expected to be negative or close to zero. Nelly’s net revenue amounted to 396.7 million kronor for the second quarter 2021 with an operating profit of 7.0 million kronor.

    Qliro Group’s Board of Directors proposes distribution of the shares in CDON AB to Qliro Group’s shareholders

    Press release, Stockholm, 25 September 2020 Qliro Group’s Board of Directors
    will today convene an Extraordinary General Meeting on October 26, 2020 to
    resolve upon the distribution of all the shares in the wholly owned subsidiary
    CDON AB (“CDON”) to Qliro Group’s shareholders. Provided that the Extraordinary
    General Meeting resolves upon the distribution, CDON’s shares are expected to be
    admitted to trading on Nasdaq First North Growth Market. On Monday September 28,
    2020, a previously convened Extraordinary General Meeting in Qliro Group will
    resolve upon a proposal to distribute the shares in Qliro AB to Qliro Group’s
    shareholders. The proposed distributions of Qliro AB and CDON mean that Qliro
    Group will be split into three independent listed companies. After this, Nelly
    remains in Qliro Group which will change its name to Nelly Group.