Hemnet Group ENG

Note G29 Events after the reporting period

Management Incentive Plan (MIP) In 2017, members of the Board of Directors and the management teamwere given the opportunity to participate in an incentive programme for senior executives. As of 31 December 2020, six members of the management team and five members of the Board of Directors held a total of 11,810,678 Series C ordinary shares. The subsequent conversion of these shares into Series A ordinary shares in connection with the Group's IPO resulted in a total of 5,777,110 ordinary shares being held by related parties. Care of Hemnet, distribution in kind On 23 April 2021, the Extraordinary General Meeting of Care of Hemnet AB (publ) resolved on a distribution in kind to the shareholders, which was paid shortly after the listing and resulted in six related persons receiving 3,050,919 ordinary shares of Series A in Hemnet Group AB (publ). Warrants of Series 2019/2022 On 17 March 2021, the Board of Directors resolved to advance the exercise period for warrants of Series 2019/2022 to 15 April - 23 April 2021. As a result of the exercise of the warrants, 221,558 new Series B ordinary shares in the Company were created, which were subsequently converted from Series B ordinary shares to Series A ordinary shares in connection with the IPO. As a result, one member of the management team acquired 7 097 Series A ordinary shares in Hemnet Group AB (publ). Long-Term Incentive Plan (LTIP) On 26 April 2021, the Annual General Meeting resolved to issue warrants of Series 2021/2024 to the Company and to managers and certain other employees with key competences in the Group participating in the warrant programme. It is the Board's intention that the structure of the warrant programme should be long-term and the Board therefore intends, after evaluation of the 2021/2024 programme, to make a corresponding proposal at the 2022 and 2023 AGMs for the establishment of warrant programmes for 2022/2025 and 2023/2026. During April-May 2021, 234,390 warrants were subscribed by related parties in the management team. The market price of the warrants, calculated using the Black-Scholes option pricing model, was SEK 11.89. In total, the 2021/2024 series warrant programme covers up to 40 persons and no more than 469,253 warrants. The exercise price of the warrants corresponds to 135 percent of the price set in the company's IPO, equivalent to SEK 155.25, with a cap of 250 percent, which means that the warrants do not generate any additional return at a share price above SEK 287.50. The full terms of the warrants also include customary vesting and conversion conditions, including for dividends paid prior to the exercise of the warrants. Framework agreement with Mäklarsamfundet Bransch i Sverige AB ("Mäklarsamfundet") and conversion of shares to Series A1 Following the shareholders' agreement that was in force until the completion of the listing of the Group on Nasdaq Stockholm, the company and Mäklarsamfundet entered into a new framework agreement which came into force on 27 April, 2021. The agreement sets out certain principles for the real estate agencies' relationship to Hemnet, in order to create long-term conditions and stability for real estate agencies and to secure a sound commercial development of Hemnet. The agreement is valid until 31 December, 2045 – see prospectus for further details. Also, in connection with the listing, 5 percent of the shares in the Group was converted to Series A1 shares which are held by Mäklarsamfundet. The shares grant a veto right in relation to changes of the business purpose of the company as described in the company’s Articles of Association. Agreement with SvenskMäklarstatistik AB ("SvenskMäklarstatistik") regarding the purchase of data Hemnet has entered into an agreement with Svensk Mäklarstatistik, wholly owned by Mäklarsamfundet Bransch i Sverige AB, whereby Hemnet, for a market-based compensation, gets access to certain data.

No events have occurred after the end of the financial year that have had any material impact on the business or assessments and assumptions used in the preparation of the annual report.

G1 G2 G3 G4 G5 G6 G7 G8 G9

G10 G11 G12 G13 G14 G15 G16 G17 G18 G19 G20 G21 G22 G23 G24 G25 G26 G27 G28 G29

P1 P2 P3 P4 P5 P6 P7 P8 P9

62 · HEMNET GROUP | ANNUAL AND SUSTAINABILITY REPORT 2021

Financial statements

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