Announcement from the extra general meeting in Misen Energy AB (publ)

The extra general meeting of Misen Energy AB (publ) ("Misen" or the "Company") was held today on 12 June 2024 and the following resolution was passed by the meeting.

Approval of sale of all shares in the Company's subsidiary Misen Enterprises AB

The extra general meeting resolved, in accordance with the boards' proposal, to approve the sale of all shares in the Company's subsidiary Misen Enterprises AB, reg. no. 556809-6233 (the "Subsidiary") to Breakfast Language LLC in accordance with a signed share transfer agreement.

The purchase price for the shares in the Subsidiary amounts to EUR 3,000,000 and the share transfer agreement has been entered into on market terms with customary warranties. The share transfer has been negotiated on arms length with Breakfast Language LLC.

The Company's operations has been carried out in its entirety in the Subsidiary. The sale of all shares in the Subsidiary means that there will therefore be no active operations within the group.

For the full proposal regarding the above resolution at the extra general meeting, please refer to the notice and press releases which are available on the Company's website, www.misenenergy.se.

For further information, please contact:

Göran Wolff, MD

Direct line:   +46 31 759 50 72
Mobile:        +46 709 45 48 48
E-mail:        goran@misenenergy.se
                   info@misenenergy.se

The company was founded in 2004 and its shares have been traded on Nasdaq First North Growth Market since June 2007. In 2011, Misen Energy AB (publ) acquired Misen Enterprises AB and its Ukrainian subsidiary, LLC Karpatygaz, including the rights to 50.01% of the revenue and profit from a gas production project in Ukraine. Misen Energy AB (publ) acquired the rights to produce hydrocarbons under Joint Activity Agreement No.3 (“JAA No.3“) between Misen Enterprises AB and LLC Karpatygaz (together 50.01%) and JSC Ukrgasvydobuvannya (49.99%), a subsidiary of the NJSC Naftogaz of Ukraine. The purpose of the JAA No.3 was to significantly increase production of hydrocarbons by providing modern technologies via a large-scale investment program for the purposes of attainment of profits.
The JAA No.3 (as amended and restated) was terminated in June 2018. As a result, Misen Energy AB (publ) received compensation that reflected its share of the replacement costs of the equipment subject to the joint ownership under the JAA No.3. In March 2021, Misen Energy AB (publ) and Misen Enterprises AB initiated an investment arbitration against Ukraine (ICSID Case No. ARB/21/15) concerning Ukraine‘s breaches of the investor‘s rights resulting from the imposition of a 70% subsoil use charge.The registered office of Misen Energy AB (publ) is in Stockholm. Misen Energy AB (publ) is listed on Nasdaq First North Growth Market and the Company adheres to the rules and regulations for First North. The Company’s Certified Adviser is Carnegie Investment Bank AB (publ).
For further information, please visit our website www.misenenergy.se.