Incentive plan

The Annual General Meeting of Sagax on the 8th of May 2024 resolved to implement the 2024/2027 Incentive Plan for Sagax employees by issuing warrants disapplying the preferential rights of shareholders. Each warrant entitles the holder to subscribe for one new Class B common share in the company. The Incentive Plan is targeted at individuals who are or will be employees of AB Sagax or its subsidiaries. The company's Board of Directors and the CEO are not covered by the offer. Each employee is to be offered an opportunity to acquire warrants in an amount corresponding to a maximum of one twelfth of the employee's annual salary before income tax. In total 400,000 warrants were issued to the wholly owned subsidiary Satrap Kapitalförvaltning AB free of charge, according to the decision of the Annual General Meeting. 320 721 warrants have been bought from Satrap Kapitalförvaltning by employees that are covered by the offer.

The warrants were sold at a price corresponding to a calculated market value for the warrants based on a Monte Carlo method. The price was calculated by People and Corporate Performance AB and was established at SEK 27,50. The warrants entitle the holder to subscribe for Class B common shares during the period commencing 31 May 2027 through 11 June 2027. The subscription price corresponds to the average price paid for the Class B common converted using the average share price trend for the listed property companies in accordance with the Total Return Real Estate index (TRREX) during the period commencing 22 May 2024 through 28 May 2027. The average share price of Class B common shares at the time of the issue of the warrants amounted to SEK 291,90 and corresponded to the volume-weighted average purchase price during the period of 10 May 2024 through 16 May 2024.
The average price has been calculated by People & Corporate Performance AB.

Shares that have been subscribed using warrants will include dividend rights the first time on the record date for dividend payment which occur the closest after the subscription has been executed.

The Annual General Meeting of Sagax on the 9th of May 2023 resolved to implement the 2023/2026 Incentive Plan for Sagax employees by issuing warrants disapplying the preferential rights of shareholders. Each warrant entitles the holder to subscribe for one new Class B common share in the company. The Incentive Plan is targeted at individuals who are or will be employees of AB Sagax or its subsidiaries. The company's Board of Directors and the CEO are not covered by the offer. Each employee is to be offered an opportunity to acquire warrants in an amount corresponding to a maximum of one twelfth of the employee's annual salary before income tax. In total 450,000 warrants were issued to the wholly owned subsidiary Satrap Kapitalförvaltning AB free of charge, according to the decision of the Annual General Meeting. 416,406 warrants have been bought from Satrap Kapitalförvaltning by employees that are covered by the offer.

The warrants were sold at a price corresponding to a calculated market value for the warrants based on a Monte Carlo method. The price was calculated by People and Corporate Performance AB and was established at SEK 20,25. The warrants entitle the holder to subscribe for Class B common shares during the period commencing 1 June 2026 through 15 June 2026. The subscription price corresponds to the average price paid for the Class B common converted using the average share price trend for the listed property companies in accordance with the Total Return Real Estate index (TRREX) during the period commencing 22 May 2023 through 29 May 2026. The average share price of Class B common shares at the time of the issue of the warrants amounted to SEK 222.60 and corresponded to the volume-weighted average purchase price during the period of 10 May 2023 through 16 May 2023.

The average price has been calculated by People & Corporate Performance AB.
Shares that have been subscribed using warrants will include dividend rights the first time on the record date for dividend payment which occur the closest after the subscription has been executed.

The Annual General Meeting of Sagax on the 11th of May 2022 resolved to implement the 2022/2025 Incentive Plan for Sagax employees by issuing warrants disapplying the preferential rights of shareholders. Each warrant entitles the holder to subscribe for one new Class B common share in the company. The Incentive Plan is targeted at individuals who are or will be employees of AB Sagax or its subsidiaries. The company's Board of Directors and the CEO are not covered by the offer. Each employee is to be offered an oppurtunity to acquire warrants in an amount corresponding to a maximum of one twelfth of the employee's annual salary before income tax. In total 400,000 warrants were issued to the wholly owned subsidiary Satrap Kapitalförvaltning AB free of charge, according to the decision of the Annual General Meeting. 317,912 warrants have been bought from Satrap Kapitalförvaltning by employees that are covered by the offer.

The warrants were sold at a price corresponding to a calculated market value for the warrants based on a Monte Carlo method. The price was calculated by Nordea Bank and was established at SEK 23.20. The warrants entitle the holder to subscribe for Class B common shares during the period commencing 2 June 2025 through 16 June 2025. The subscription price corresponds to the price paid for the Class B common share at the time of the issue of the warrants, converted using the average share price trend for the listed property companies in accordance with Carnegie's property index (CREX) during the period commencing 20 May 2022 through 30 May 2025. The average share price of Class B common shares at the time of the issue of the warrants amounted to SEK 247.10 and corresponded to the volume-weighed average purchase price during the period of 12 May 2022 through 19 May 2022. The average price has been calculated by People & Corporate Performance AB.

Shares that has been subscribed using warrants will include dividend rights the first time on the record date for dividend payment which occur the closest after the subscription has been executed.