Notice to attend the Extraordinary General Meeting of Sivers Semiconductors AB (publ)

The shareholders of Sivers Semiconductors AB (publ) (the "Company"), reg. no. 556383-9348, are hereby invited to attend the Extraordinary General Meeting to be held on Monday, 11 May 2026 at 9.00 am at Setterwalls Advokatbyrå's premises at Sturegatan 10 in Stockholm, Sweden.

Press Release
Kista, 16 April 2026

The Board of Directors has decided that shareholders also have the opportunity to exercise their voting rights by postal voting prior to the Meeting.

Right to participate and notice of participation at the Meeting

Shareholders who wish to attend the Extraordinary General Meeting must:

• be recorded in the share register kept by Euroclear Sweden AB no later than on Thursday, 30 April 2026; and
• notify the Company their intention to participate no later than Tuesday, 5 May 2026, via mail to the address Setterwalls Advokatbyrå AB, att: Olivia Krantz, Box 1050, 101 39 Stockholm or by email to [email protected]. The notification shall state name, personal identification number/ company registration number, daytime telephone number, number of shares held and proxies if applicable.

Right to participate and notice by postal voting

Shareholders who wish to participate in the Extraordinary General Meeting by postal voting must:

• be recorded in the share register kept by Euroclear Sweden AB no later than on Thursday, 30 April 2026; and
• give notice of participation no later than Tuesday, 5 May 2026, by casting the postal vote in accordance with the instructions below so that the postal voting form is received by the Company no later than that day.

A special form must be used for the postal vote. The form for postal voting is available on the Company's website, www.sivers-semiconductors.com. Completed and signed forms for postal voting can be sent via mail to the address Setterwalls Advokatbyrå AB, att: Olivia Krantz, Box 1050, 101 39 Stockholm or by email to [email protected].

Shareholders may not provide special instructions or conditions in the postal vote. If so, the entire postal vote is invalid. Further instructions and conditions may be found in the postal voting form.

A shareholder who has voted by post may also attend the Meeting venue, provided that a notification has been made in accordance with the instructions under the heading "Right to participate and notice of participation at the Meeting" above. This means that postal voting does not constitute a notification also to attend the Meeting at the Meeting venue.

Nominee registered shares

To be entitled to participate in the Extraordinary General Meeting at the Meeting venue or by postal voting, shareholders whose shares are held in the name of a nominee must, in addition to providing notification of their participation in the Extraordinary General Meeting, re-register the shares in their own name so that the shareholders are registered in the share register on the record date on Thursday, 30 April 2026. This re-registration may be temporary (so-called "voting right registration") and is carried out through the nominee according to their procedures at a time predetermined by the nominee. Voting rights registration that has been completed by the nominee no later than Tuesday, 5 May 2026, are considered when preparing the share register.

Proxies

If shareholders wish to attend the Extraordinary General Meeting at the venue or by postal voting through a proxy, a written and dated power of attorney signed by the shareholder must be enclosed with the notification. The power of attorney form is available on the Company's website www.sivers-semiconductors.com. If the shareholder is a legal entity, a registration certification or an equivalent authorisation document must be enclosed along with the notification.

Number of shares and votes

As per 16 April 2026, there are a total of 311,333,572 shares corresponding to 298,014,633.1 votes in the Company, comprising 296,534,751 ordinary shares and 14,798,821 shares of series C. The Company owns 1,116,214 ordinary shares and 14,798,821 shares of series C which may not be represented at the Meeting.

Shareholders' right to request information

The shareholders are reminded of their right, in accordance with Chapter 7 Section 32 of the Swedish Companies Act (2005:551), to request information from the Board of Directors and the CEO at the Meeting.

For information on how personal data is processed, see:
https://www.euroclear.com/dam/ESw/Legal/Integritetspolicy-bolagsstammor-svenska.pdf.

Proposal for agenda

1. Election of Chairman of the Meeting
2. Election of one or two persons to verify the minutes
3. Preparation and approval of the voting list
4. Approval of the agenda
5. Determination as to whether the Meeting has been duly convened
6. Approval of the Board of Directors' resolution on a directed new issue of shares

Election of Chairman of the Meeting (item 1)

The Board of Directors proposes that Attorney at law Jörgen S. Axelsson is elected as Chairman of the Meeting.

Approval of the Board of Directors' resolution on a directed new issue of shares (item 6)

The Board of Directors proposes that the Extraordinary General Meeting resolves to approve the Board of Directors' resolution from 15 April 2026, to increase the Company's share capital by a maximum of SEK 4,310,000.00 through a new issue of a maximum of 8,620,000 ordinary shares, each with a quota value of SEK 0.50.

The following terms and conditions shall apply to the issue of shares.

1. The subscription price is equal to the quota value of the share, SEK 0.50 per share.

2. With deviation from the shareholders' preferential rights, the new shares may be subscribed for by institutional and other qualified investors.

3. Subscription of the shares shall take place on a special subscription list no later than 15 April 2026. Payment of the subscribed shares shall be made no later than two banking days after approval of the new issue at the extraordinary general meeting to take place no later than 11 May 2026. The Board of Directors shall be entitled to extend the subscription period and the time for payment.

4. The new shares entitle to dividends from the first record date for dividends that occurs after the registration of the new shares with the Swedish Companies Registration Office.

It was noted that oversubscription cannot be made. It was further noted that the documents in accordance with Chapter 13, Section 6 of the Swedish Companies Act were duly presented.

In respect of the proposed directed share issue, the Board of Directors of the Company has made an overall assessment and carefully considered the possibility of raising capital through a share issue with preferential rights for the Company's shareholders. The Board of Directors considers that the reasons for deviating from the shareholders' preferential rights are (i) to diversify and strengthen the Company's shareholder base with institutional investors in order to enhance the liquidity of the Company's shares, (ii) that a rights issue would take significantly longer to implement and entail a higher risk of a negative effect on the share price, especially in light of the current volatile and challenging market conditions, and (iii) that the implementation of a directed share issue can be done at a lower cost and with less complexity than a rights issue. Considering the above, the Board of Directors has made the assessment that a directed new issue of ordinary shares with deviation from the shareholders' preferential rights is the most favourable alternative for the Company to carry out the capital raising.

In addition to the subscription price, the Company will receive an unconditional capital contribution in connection with the completion of the new share issue. The Board of Directors' assessment is that the subscription price in the share issue, together with the unconditional capital contribution is in accordance with market conditions, since it has been determined through arm's length negotiations with the investors.

The Company's CEO is authorised to make such minor formal adjustments to the issue resolution as may be necessary in connection with the registration of the new shares with the Swedish Companies Registration Office or Euroclear Sweden AB.

Anders Larsson is hereby granted a power of attorney to represent the Company, and to sign the notification regarding the resolution above with the Swedish Companies Registration Office on our behalf, as well as to make the minor adjustments required to register the resolution with the Swedish Companies Registration Office. The representative is entitled to appoint another person in their stand. The proxy is valid until the resolution has been registered with the Swedish Companies Registration Office.

Documents

Documents to be handled at the Meeting are available to shareholders at the Company's head office at the address Torshamnsgatan 48 in Kista, Sweden and on the Company's website www.sivers-semiconductors.com. Copies of the documents will be sent free of charge to shareholders who so request and who provide their mailing address.

__________

Kista in April 2026
Sivers Semiconductors AB (publ)
The Board of Directors

For more information please contact:
Vickram Vathulya

CEO, Sivers Semiconductors

Tel: +46 (0)8 703 68 00

Email: [email protected]

About Sivers Semiconductors

Sivers Semiconductors is a critical enabler of a greener data economy with energy efficient photonics & wireless solutions. Our differentiated high precision laser and RF beamformer technologies help our customers in key markets such as AI Datacenters, SATCOM, Defense and Telecom solve essential performance challenges while enabling a much greener footprint. For additional information, please visit us at: www.sivers-semiconductors.com. (SIVE.ST)

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