Completion of share issue

ROVSING DIRECTED SHARE ISSUE AND DEBT CONVERSION

18 September 2025
Company Announcement no. 388

With reference to company announcement no. 387-2025, Rovsing A/S (“Rovsing”) announces the results of the subscription for the directed issue of new shares and debt conversion.

Rovsing announces the completion of the directed share issue and debt conversion, as all 55,500 new shares have been subscribed and paid for. Out of the total share issue, 44,660 new shares were subscribed for in cash at a subscription price of DKK 59.00 per share (corresponding to the market price as determined by the board of directors), and 10,840 new shares were subscribed for by partial conversion of the convertible loan note dated 8 February 2024 (see company announcement no. 363-2024) at a subscription price of DKK 36.90 per share. The subscriptions were taken up by a selected group of private investors, including members of the board of directors and the management, for a total subscription amount of DKK 3,034,976 (including conversion of debt of DKK 399,996).

The new shares and the related capital increase is expected to be registered with the Danish Business Authority today. The new shares represent 8.10% of Rovsing’s share capital before the capital increase and 7.50% of Rovsing’s share capital after the capital increase. The new shares are expected to be listed and admitted to trading on Nasdaq Main Market Copenhagen no later than 23 September 2025.

The new shares will be negotiable instruments with no restrictions to their transferability. The new shares will not carry any special rights. The rights conferred by the new shares, including voting and dividend rights, will apply from the date the capital increase is registered with the Danish Business Authority. The new shares are to be registered in the name of the holder in Rovsing's register of shareholders.

Following registration of the capital increase with the Danish Business Authority, there will be a total of 740,297 shares of nominal DKK 10.00 each, corresponding to a total share capital of DKK 7,402,970.

“The successful completion of the Issue is a key enabler for Rovsing to execute on the updated strategy, supporting our efforts to perform the necessary due diligence and preparations of clear buy-and-build targets”, says Hjalti Pall Thorvardarson, CEO of Rovsing.
Rovsing's board of directors and management would like to thank the investors and the lender who participated in the directed share issue and debt conversion, respectively.

CONTACT INFORMATION

Hjalti Pall Thorvardson, CEO
Tel. + 45 53 39 18 88
E-mail: hpt@rovsing.dk

Sigurd Hundrup, CFO
Tel. + 45 53 39 18 92
E-mail: shu@rovsing.dk

IMPORTANT INFORMATION

This announcement is not a prospectus and has been prepared on the basis that any offers of securities referred to herein in any Member State of the EEA will be made pursuant to an exemption under Regulation (EU) 2017/1129 on Prospectuses, Article 1(5a). The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

Any securities referred to herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the securities laws of any state of the United States and may not be offered or sold, directly or indirectly, in or into the United States absent exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States. The securities referred to in this announcement are being offered and sold in a private placement only outside the United States.

No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by Rovsing A/S or by any of its affiliates or agents as to or in relation to, the accuracy, completeness or sufficiency of this announcement or any other written or oral information made available to or publicly available to any interested party or its advisers in connection with the Company's the new shares and/or the private placement referred to herein, and any liability therefore is expressly disclaimed.

This announcement does not constitute an investment recommendation. Each investor or prospective investor should conduct his, her or its own investigation, analysis and evaluation of the business and data described in this announcement (and publicly available information). Any investment decision to buy or subscribe for any shares in the private placement must be made solely on the basis of publicly available information, which has not been independently verified by the Sole Lead Manager. The price and value of securities and any income from them can go down as well as up and you could lose your entire investment. Past performance is not a guide to future performance. The information in this announcement cannot be relied upon as a guide to future performance.

Certain statements in this announcement may constitute forward-looking statements, which are based on Rovsing’s expectations, intentions and projections regarding its future performance, anticipated events or trends and other matters that are not historical facts. Words such as “aim”, “anticipate”, “believe”, “intend”, “estimate”, “expect”, “plan”, “project”, “forecast” and words of similar meaning are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results, performance, achievements or industry results to differ materially from those expressed or implied by such forward-looking statements.

Attachment

• Announcement388_ completion of share issue