Long-term warrant program (Warrant Program 2022/2025)

Hemnet's annual general meeting resolved on 29 April 2022 to adopt Warrant Program 2022/2025. Hemnet has, for the purpose of implementing the warrant program, issued 533,000 warrants which have been subscribed for by Hemnet. In accordance with the annual general meeting's resolution, up to 344,000 warrants will on 16 May 2022 be transferred to the executive management and certain other employees with key competence. The annual general meeting also resolved upon transfer of an additional number of 189,000 warrants to new participants no later than 31 December 2022.

The motives for the warrant program are to contribute to the possibilities to retain and attract key competence and to increase motivation for the executive management and certain other key employees in the company by being involved in working for a positive value increase of the company's shares during the three years period covered by the Warrant Program 2022/2025.

In total, the Warrant Program 2022/20025 will comprise up to 45 individuals and not more than 533,000 warrants. The maximum number of warrants that may be subscribed for by the participants corresponds to, assuming full exercise of the warrants, approximately 0.52 percent of the total number of outstanding shares in the company by the time of the annual general meeting 2022.

The warrants have been issued to the company without consideration and are transferred to the participants at market value. Transfer of warrants to additional participants shall be made at the market value as of the date of the transfer. The number of warrants per participant depends on the participant's position and responsibilities within the Hemnet group.

The warrants may only be exercised during a period of three months following the expiration of the vesting period of three years from the transfer of the warrants to the participants. Each warrant may be exercised to subscribe for one ordinary share in the company during the exercise period.

The exercise price corresponds to 135 percent of the volume-weighted average trading price of Hemnet's ordinary share on Nasdaq Stockholm during the period from 2 May 2022 up to and including 13 May 2022 (the "Measurement Price"). In the event that Hemnet's average share price exceeds 250 percent of the Measurement Price in connection with subscription for new ordinary shares by way of exercising the warrants, the number of ordinary shares that each warrant entitles to subscription for shall be recalculated in accordance with the complete terms and conditions of the warrants. The complete terms of the warrants also include customary recalculation provisions, including for dividend payments made prior to the exercise of the warrants. The company will reserve the right to repurchase warrants if, inter alia, the participant's employment with the company is terminated. The company deems that the warrant program will not entail any social security contributions and that the company's costs for the program will thus consist only of limited administrative costs.

Share Savings Program 2022/2025

Hemnet's annual general meeting resolved on 29 April 2022 to adopt the Share Savings Program 2022/2025. In accordance with the resolution adopted by the annual general meeting all permanent employees in Hemnet as per 3 November 2022 will be offered participation in the share savings program. Participation in the share savings program requires that the participant makes a private investment in ordinary shares in Hemnet, by acquiring 200, 400 or 800 shares on Nasdaq Stockholm during the period 2 May 2022 to 2 November 2022. If a participant retains ownership of the acquired shares during the period starting on 3 November 2022 and ending on 3 November 2025 and the participant remains employed by the company during this period, the participant will be entitled to receive, without consideration, one ordinary share for each pair of acquired and retained ordinary shares. The number of shares that can be allotted may be subject to customary re-calculation.

The motives for the implementation of the Share Savings Program 2022/2025 are to contribute to the company's possibilities to retain and attract employees and to align the employee's interests with the interests of the shareholders.

The annual general meeting also resolved upon enabling delivery of shares to the participants through an authorization of the board of directors to, for the period until the end of the next annual general meeting, resolve on purchases of a maximum of 57,200 ordinary shares in Hemnet on Nasdaq Stockholm. The annual general meeting also resolved on that transfer of a maximum of 57,200 ordinary shares may be carried out to participants in relation to the Share Savings Program 2022/2025. The number of ordinary shares that may be purchased and transferred is calculated on the basis of maximum participation in the share savings program, and corresponds to approximately 0.057 percent of the total number of shares in the company as of the date of the board's proposal to the annual general meeting.

It is the board of director's intention that the structure of the shares savings program shall be on a long-term basis and the board of directors therefore intends to, following evaluation of the implementation of the Share Savings Program 2022/2025, present corresponding proposals regarding the implementation of share savings programs also to the upcoming annual general meetings.

Warrant Program 2021/2024

On 26 April 2021 the general meeting resolved on an issue of warrants of series 2021/2024 to the company and to the executive management and certain other employees with key competence in the Group participating in the warrant program. The general meeting also resolved on an approval of transfer of warrants to current and/or new participants no later than 31 December 2021. The purpose of the incentive program is, inter alia, to maintain and attract key competence, increase the alignment of interest between the employees and the company's shareholders and increase motivation to reach or exceed the company's financial targets. It is the Board of Directors' intention that the structure of the warrant program shall be on a long-term basis and the Board of Directors therefore intends to, following evaluation of the program for 2021/2024, present corresponding proposals regarding the implementation of warrant programs for 2022/2025 and 2023/2026 to the annual general meeting 2022 and 2023.

In total, the warrant program series 2021/2024 will comprise up to 40 individuals and not more than 469 253 warrants. The maximum number of warrants that may be subscribed by the participants corresponds to, assuming full exercise of the warrants, approximately 0,46 per cent of the total number of outstanding shares in the company following the IPO.

The warrants shall be issued to the company without consideration and to the participants at market value. Transfer of warrants to current and/or new participants shall be made at the market value at the date of the transfer. The number of warrants per participant depends on the participant's position and responsibilities within the Group.

The warrants may only be exercised during a period of three months following the expiration of a vesting period of three years from the issue of the warrants. Each warrant may be exercised to subscribe for one ordinary share in the company during the exercise period.

The exercise price corresponds to 135 per cent of the final price in the IPO. Furthermore, if upon subscription of new shares by exercising the warrants the average share price of the company's share, calculated in accordance with the complete terms and conditions for the warrants, exceeds 250 per cent of the final price in the IPO, a recalculated lower number of ordinary shares to which each warrant entitles shall apply, creating an upper limit for the outcome of the program. The complete terms of the warrants also include customary recalculation provisions, including for dividend payments made prior to the exercise of the warrants. The company will reserve the right to repurchase warrants if, inter alia, the participant's employment with the company is terminated. The company deems that the warrant program will not entail any social security contributions and that the company's costs for the program will thus consist only of limited administrative costs.