Remuneration

Silex long-term incentive plan 2025 (“LTIP 2025”) was approved at the extraordinary general meeting held on 12 November 2025 and comprises up to 974,868 newly issued convertible and redeemable C-shares issued to all employees of Silex, including its subsidiaries. The C-shares were issued at a subscription price of SEK 49.54 per share, corresponding to market value determined by applying the Black and Scholes valuation model, based on an assumed underlying ordinary share value of SEK 538.50. The minimum guaranteed subscription amount was SEK 14,000, with higher guaranteed amounts for certain key employees, members of executive management and the CEO.

The C-shares carry 0.1 votes, are not entitled to dividends and may be converted into ordinary shares upon a decision by the Board of Directors, provided that the share price of Silex’s ordinary shares has reached at least SEK 718.05. If, at the time of conversion, the ordinary shares are admitted to trading on a regulated market, the fair market value will be determined as the volume-weighted average price during the ten trading days immediately following publication of the interim report for the nine-month period ending 30 September 2028. The number of C-shares to be converted into ordinary shares is calculated in accordance with a predefined formula*. C-shares not converted will be redeemed without consideration and all C-shares will be redeemed without consideration if the fair market value per ordinary share does not exceed SEK 718.05.

Participation in LTIP 2025 was subject to entering into a C-shareholders’ agreement including restrictions on transfer of C-shares, redemption of C-shares in connection with termination of employment or engagement, certain permitted transfers, as well as powers of attorney and irrevocable voting proxies in favor of the Chair of the Board of Directors.

Upon full conversion of all C-shares issued under LTIP 2025, the total number of outstanding shares would increase by up to 974,868 ordinary shares, corresponding to 8.1 percent of the total number of shares following completion of the conversion.

* The number of C-shares to be converted shall be calculated by taking the fair market value less SEK 718.05, multiplying the result by the number of outstanding C-shares and the conversion factor, and dividing the product by the fair market value.