Zhoda Invesmtents' rights issue fully subscribed

"We are very glad to feel support and a keen interest in the company's business and strategy from the company's shareholders. The fully subscribed rights issue has been completed successfully. The strengthened capital base provides a platform for new investments and I am looking forward to implementing our strategy in order to create new shareholder value", says Robert Karlsson, CEO of Zhoda Investments.

The proceeds before issue costs from the rights issue amount to approximately SEK 22.4 million. The total number of shares will increase by 111,967,482, of which 4,571,400 are A shares and 107,396,082 are B shares. The total number of shares will amount to 130,628,729, of which 5,333,300 are A shares and 125,295,429 are B shares. The total number of votes will increase by 153,110,082 to 178,628,429 votes. The share capital will increase by SEK 3,000,000 to SEK 3,500,000. The subscription price was SEK 0.20 per share. Over 70 per cent of the issue was subscribed based on primary preferential rights.

The rights issue and allotment have been completed in accordance with shareholder resolutions from 7 October 2016. A contract note will be sent to investors that have subscribed for shares without primary preferential rights as a confirmation of allotment. Payment shall be made in accordance with the instruction on the contract note.

Stockholm, 22 November 2016