DUG Foodtech AB: Implementation of long-term incentive program in DUG Foodtech AB

At the Extraordinary General Meeting on 15 October 2024 in DUG Foodtech AB ("DUG Foodtech" or the "Company"), it was resolved to implement two new incentive programs. One incentive program for senior executives, other employees and consultants ("Employees") within the Company through the issuance of a maximum of 2,300,000 warrants of series 2024/2027 A ("Incentive Program A") and one incentive program for the Company's board members through the issuance of a maximum of 1,200,000 warrants of series 2024/2027 B ("Incentive Program B") (together the "Incentive Programs"). These Incentive Programs have now been implemented in accordance with the guidelines adopted by the extraordinary general meeting. All 2,300,000 warrants of series 2024/2027 A have been transferred to Employees within Incentive Program A and 800,000 warrants of series 2024/2027 B have been transferred to members of the Board of Directors within Incentive Program B.

Each warrant in the Incentive Programs entitles the holder to subscribe for one new share in the Company during the period from and including 1 December 2027 up to and including 15 December 2027 at a subscription price of SEK 2 per share. The warrants have been transferred on market terms. Incentive program A comprises 10 participants, including all senior executives in the Company. Incentive program B comprises all members of the Company's Board of Directors who have each acquired 200,000 warrants of series 2024/2027 B. Upon full exercise of allotted warrants, up to 3,100,000 shares, corresponding to approximately 2.1 percent of the total number of outstanding shares and votes in the Company, may be issued.

For more information, please contact:

DUG Foodtech AB

Helene Nielsen, CEO

Telephone: [phone]

E-mail: [e-mail]

About DUG Foodtech AB (publ)

DUG Foodtech should be the natural choice for all actors in the transition to plant-based foods. The company's business concept is to use its own patented methods, innovative solutions and know-how to develop and sell products that the market demands. Changes are required for the food industry to reach its set climate goals. The company is contributing by its investment in plant-based foods with a low climate footprint, raw materials that are easily grown and available, and health benefits for the end consumer. The company and its well-established partners in priority markets and channels provide the conditions to grow in a global market, valued at USD 100 billion. The share is listed on Nasdaq First North and is traded under the name DUG. Read more at ir.dugdrinks.com. Mangold Fondkommission AB is the company's Certified Adviser and can be contacted by phone: [phone] or e-mail: [e-mail].