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    Nelly’s 2024 Annual General Meeting

    Nelly Group AB (publ) (“Nelly”) today held its Annual General Meeting (the “AGM”). The AGM resolved in accordance with all proposals of the Board and the Nomination Committee.

    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.

    Nelly Group interim report for the first quarter of 2024

    Q1 2024 – the quarter in brief• Net revenue was SEK 222.2 (234.2) million, corresponding to -5.1% (-18.7%)• Gross profit was SEK 109.1 (95.8) million, corresponding to a gross margin of 49.1% (40.9%)• Operating profit was SEK 1.4 (-33.7) million, corresponding to an operating margin of 0.6% (-14.4%)• Profit/loss after tax was SEK -1.9 (-34.8) … Continued

    Notice of the 2024 Annual General Meeting

    The shareholders of Nelly Group AB (publ), reg. no. 556035-6940, (“Nelly”) are hereby given notice of the Annual General Meeting to be held on Monday 13 May 2024 at 14:00 CEST at Nelly’s store at Drottninggatan 50 (top floor) in Stockholm. Registration for the Annual General Meeting will commence at 13:30 CEST. Shareholders may also exercise their voting rights at the Annual General Meeting by postal voting in advance in accordance with the Articles of Association.

    Interim report for 1 January – 30 September 2023

    Q3 2023 – the quarter in brief• Net revenue was SEK 236.4 (284.3) million, corresponding to -16.9% (-9.0%)• Gross profit was SEK 119.8 (118.1) million, corresponding to a gross margin of 50.7% (41.5%)• Operating profit was SEK 12.8 (-11.9) million, corresponding to an operating margin of 5.4% (-4.2%)• Profit after tax was SEK 9.1 (-15.9) … Continued

    Nomination Committee for the 2024 Annual General Meeting

    Nelly Group’s Nomination Committee for the 2024 Annual General Meeting has been appointed in accordance with the current instruction for the Nomination Committee adopted by the 2021 Annual General Meeting.

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