NOTICE OF EXTRAORDINARY GENERAL MEETING IN SEAFIRE AB (PUBL)

REQUIREMENTS FOR PARTICIPATION

Shareholders wishing to attend the meeting must:

1. be recorded as a shareholder in the share register kept by Euroclear Sweden AB as of Friday 20 March 2026; and
2. notify the Company of the intention to attend no later than Tuesday 24 March 2026.

Notice may be submitted to the Company by post at the address Seafire AB (publ), Mäster Samuelsgatan 9, 111 44 Stockholm, Sweden (mark the envelope with “EGM”) or by e-mail to info@seafireab.com. On giving notice of attendance, the shareholder should state the shareholder’s name (company name), personal identity number (corporate identity number), address, telephone number and number of shares. The registration procedure described above also applies to registration for any advisors.

NOMINEE REGISTERED SHARES

In order to participate in the meeting, those whose shares are registered in the name of a nominee must have their shares owner-registered with Euroclear Sweden AB as of Friday 20 March 2026. Re-registration may be temporary (so-called voting rights registration) and is requested from the nominee in accordance with the nominee’s routines at such time in advance as the nominee determines. Voting rights registration that has been issued by the nominee no later than Tuesday 24 March 2026, will be accepted in the preparation of the share register.

PROXIES AND PROXY FORMS

Anyone who does not attend the EGM in person may exercise their right at the EGM via a proxy in possession of a written, signed and dated form of proxy. Forms of proxy are available on the Company’s website, www.seafireab.com. The form of proxy may also be obtained from the Company by e-mail to info@seafireab.com. If the proxy is issued by a legal person, a copy of their registration certificate or equivalent authority document must be attached. The proxy must have been issued within the past year unless a longer period of validity is specified on the form of proxy, subject to a maximum of five years. To facilitate entry to the EGM, forms of proxy, registration certificates and other documentary authority should be received by the Company well in advance of the EGM.

PROPOSED AGENDA

1. Opening of the meeting.
2. Election of chair of the meeting.
3. Preparation and approval of the voting list.
4. Approval of the agenda.
5. Election of one or two persons to verify the minutes.
6. Determination of whether the meeting has been duly convened.
7. Resolution on subsequent approval of the board of directors’ resolution on a new issue of shares with preferential rights for existing shareholders.
8. Closing of the meeting.
   

PROPOSED RESOLUTION

Item 7 – Resolution on subsequent approval of the board of directors’ resolution on a new issue of shares with preferential rights for existing shareholders.

Background
On 4 March 2026 the board of directors resolved on a fully guaranteed new share issue with preferential rights for existing shareholders of approximately SEK 140 million before deduction of issue costs, subject to approval by the EGM (the “Rights Issue”).

Allotment of shares in certain cases
Allotment of shares in the Rights Issue that would result in a party who guarantees part of the Rights Issue gaining control of twenty (20) per cent or more of the votes in the Company following the Rights Issue entails a requirement for a prior decision from the Inspectorate of Strategic Products in accordance with the Screening of Foreign Direct Investments Act (2023:560), and, if applicable, any other equivalent body pursuant to legislation in any other jurisdiction, to approve the investment or leave the application therefor without remark (“FDI Decision”). Such shares in the Rights Issue which, if allotted to a party who guarantees part of the Rights Issue, would require an FDI Decision and such FDI Decision has not been obtained at the time of allotment are referred to as “FDI Shares”.

Proposed resolution
The board of directors proposes that the EGM resolves to approve the board’s resolution from 4 March 2026 on a new share issue with preferential rights for the shareholders on the main terms and conditions set out below:

1. The Rights Issue shall comprise no more than 25,707,939 new shares, increasing the share capital by no more than SEK 4,318,737.08860.
2. The Company’s shareholders shall have preferential rights to subscribe for the new shares in proportion to the shares previously held.
3. The record date for the right to participate in the Rights Issue shall be 1 April 2026.
4. Those who are registered as shareholders in the Company on the record date will receive one (1) subscription right for each share held in the Company. Five (5) subscription rights entitle the holder to subscribe for three (3) new shares in the Company.
5. The subscription price shall be SEK 5.45 per share.
6. Such portion of the subscription price for the new shares that exceeds the quota value of the shares shall be allocated to the unrestricted share premium reserve.
7. Each shareholder has preferential right to subscribe for new shares in proportion to the number of shares previously held. In the event that not all shares are subscribed for by exercising subscription rights, the board of directors shall, within the maximum limit of the Rights Issue, decide on allotment of shares subscribed for without exercising subscription rights in accordance with the following allotment principles:
   a) Firstly, allotment of shares shall be granted to those who have subscribed for shares by exercising subscription rights, regardless of whether they were registered as shareholders on the record date or not, and in the event of over-subscription, pro rata in relation to their subscription by exercising subscription rights, and to the extent this is not possible, by drawing lots.
   b) Secondly, allotment of shares shall be granted to others who have subscribed for shares without exercising subscription rights, and in the event of over-subscription, pro rata in relation to the subscribed amount, and to the extent this is not possible, by drawing lots.
   c) Thirdly, allotment of shares shall as applicable be granted to those parties who guarantee part of the Rights Issue, pro rata in relation to the guarantee commitments in accordance with an agreement with the Company, however with the exception of FDI Shares which shall be allotted to the relevant party when the guarantor has received a positive FDI Decision.
8. Subscription of shares by exercise of subscription rights shall be made by cash payment during the period from and including 7 April 2026 up to and including 21 April 2026. Notification of subscription without exercise of subscription rights shall be made on a designated application form or subscription list during the same period. Shares subscribed for without exercise of subscription rights shall be paid no later than three (3) business days after notice of allotment has been sent to the subscriber. The board of directors shall have the right to extend the subscription period and the term of payment.
9. Notwithstanding item 8 above, subscription for shares that are subject to foreign direct investment shall take place between 7 April 2026 and the earlier of (i) the business day that falls three (3) business days from an obtained FDI Decision (however not earlier than the last day of the general subscription period set out above in item 8) and (ii) 31 May 2026. Notwithstanding item 8 above, payment for shares that are subject to foreign direct investment shall be made in cash no later than the last day of the subscription period for such shares (however not earlier than 24 April 2026). The board of directors shall have the right to extend the subscription period as well as the time for payment for shares that are subject to foreign direct investment.
10. The new shares shall entitle to dividend for the first time on the dividend record date that follows immediately after the new shares have been recorded in the shareholders’ register maintained by Euroclear Sweden AB.

The board of directors, or any person appointed by the board of directors, shall be authorized to make such minor adjustments to the above resolution as may be required for registration with the Swedish Companies Registration Office and Euroclear Sweden AB.

DOCUMENTS

The complete documents in accordance with the Swedish Companies Act will be available at the Company and on the Company’s website www.seafireab.com as from no later than Monday 9 March 2026 and will be sent immediately without charge to any shareholders who so request and have stated their address. The documents will also be available at the EGM.

NUMBER OF SHARES AND VOTES

As of the date of this notice, the total amount of shares and votes in the Company amounts to 42,846,569. The Company holds no treasury shares as of the date of this notice.

INFORMATION AT THE MEETING

The board of directors and the managing director shall, if requested by a shareholder and provided that the board considers that this can be done without material detriment to the Company, provide information regarding circumstances that may affect the assessment of a matter on the agenda.

PROCESSING OF PERSONAL DATA

For information on how your personal data is processed, please see https://www.euroclear.com/dam/ESw/Legal/Privacy-notice-bolagsstammor-engelska.pdf.

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Stockholm in March 2026
Seafire AB (publ)
The board of directors