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    NELLY GROUP COMMENTS ON THE MANDATORY OFFER FROM RITE VENTURES

    As previously announced, Nelly Group AB’s (publ) (“Nelly”) main owner Rite Internet Ventures Holding AB (through its wholly owned subsidiary Rite Ventures SPV AB) (“Rite Ventures”), announced on 26 April 2024 that Rite Ventures had acquired additional shares in Nelly and thereafter holds a total of 9,179,571 shares, corresponding to 30.11 percent of the shares and votes in the company. Thereby, the threshold for a mandatory offer in accordance with the Swedish Takeovers Act was passed. Today, on 8 May 2024, Rite Ventures therefore launched a mandatory offer of SEK 17.00 per share to the shareholders of Nelly (the “Offer”). The acceptance period for the Offer is estimated to commence on 10 May 2024 and expire around 7 June 2024.

    Niklas Lingblom assumes role of CFO at Nelly

    On 15 September 2023, Nelly Group AB (“Nelly”) announced that Niklas Lingblom had been appointed as the new CFO. Niklas Lingblom has now taken up his new position, replacing Ola Wahlström, who has been interim CFO of Nelly since November 2022.

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