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.