Public Offer from Circle BidCo

Statement by the board of directors of Concentric in relation to the public offer from Circle BidCo

The board of directors of Concentric unanimously recommends Concentric's shareholders to accept the public offer from Circle BidCo.

On August 29, 2024, Circle BidCo ApS ("Circle BidCo"), a wholly owned, indirect subsidiary of A.P. Møller Holding A/S, announced a public offer to the shareholders of Concentric AB ("Concentric" or the "Company") to tender all their shares in the Company to Circle BidCo at a price of SEK 230 in cash per share (the "Offer").

This statement regarding the Offer is made by the board of directors of Concentric pursuant to Rule II.19 of Nasdaq Stockholm's Takeover Rules (the "Takeover Rules").

For further information about the Offer, please see Circle BidCo’s website