H100 completes acquisition, increasing Bitcoin holdings to 3,506 Bitcoin

H100 Group AB ("H100" or the "Company") today announces the successful completion of its previously announced acquisition of NSD AS (formerly WR Start Up 594 AS) (the "Target Company"), which upon completion of a reorganization represents direct and indirect ownership of all shares in Moonshot AS and PDI AS. Following completion of the transaction, H100 holds 3,506.4 Bitcoin, positioning the Company among the largest publicly listed companies with a Bitcoin treasury in Europe. In connection with completion of the acquisition of the Target Company, the Board of Directors of H100 has, pursuant to the authorization granted by the annual general meeting held on 23 June 2026, resolved on a set-off issue of 790,534,666 new shares to the sellers of the Target Company (the “Set-off Issue”). All new shares in the Set-off Issue have been subscribed for and allotted.

Key Transaction Facts

• To the Company's knowledge, this represents the largest M&A transaction in the European Public Bitcoin Equity sector and the world's first Bitcoin-for-Bitcoin M&A transaction in public markets.
• The transaction was completed on a 1:1 Bitcoin-for-Bitcoin basis with no cash consideration.
• Through the transaction, H100 acquired 2,455.37 Bitcoin, increasing the Company's total Bitcoin holdings to 3,506.4 Bitcoin.
• The transaction was completed at 1.0x mNAV, corresponding to an implied share price of SEK 1.86, based on a Bitcoin price of SEK 598,926.69 (approximately USD 62,900) at the agreed reference time of 31 July 2026 at 23:59 CEST.
• Through its subsidiary PDI AS, the Target Company pursues an active Bitcoin management strategy aimed at preserving capital, managing downside risk and generating additional cash flow, while retaining exposure to Bitcoin’s long-term upside potential.
• The Target Company has no outstanding financial debt.
• Sats per basic share remains unchanged, while sats per fully diluted share increases by approximately 5%.