AAC Clyde Space's shares are traded on Nasdaq First North Premier Growth Market. Erik Penser Bank AB, e-mail [email protected], telephone +46 8 463 83 00, is the Certified Adviser.

Important information

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR TO THE UNITED STATES, CANADA, JAPAN, SOUTH AFRICA, AUSTRALIA OR ANY OTHER JURISDICTION, WHERE SUCH ACTIONS ARE SUBJECT TO LEGAL RESTRICTIONS. THIS PRESS RELEASE DOES NOT MAKE AN OFFER REGARDING ANY SECURITIES IN AAC.

Publication or distribution of this press release may be subject to restrictions in certain jurisdictions and individuals in the jurisdictions in which this press release has been published or distributed should inform themselves of and comply with such legal restrictions. This press release does not constitute an offer of, or invitation to acquire or subscribe for, any securities of AAC in any jurisdiction.

This press release does not constitute and is not part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States without being registered or exempt from registration under the US Securities Act of 1933, as in current wording ("Securities Act"), and may not be offered or sold in the United States without being registered or being exempt from registration or are included in a transaction that is not covered by registration under the Securities Act. There is no intention to register any securities referred to here in the United States or to make a public offering regarding the securities in the United States. The information in this press release may not be released, published, copied or distributed, directly or indirectly, in whole or in part, in or to the United States, Canada, Japan, South Africa or Australia or any other jurisdiction where the publication, publication or distribution of the information would not comply with laws and regulations or would require a prospectus, registration or other measures than those required by Swedish law. Measures contrary to these instructions may constitute a violation of applicable securities legislation.

This press release is not a prospectus within the meaning of Regulation (EU) 2017/1129 (the "Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction. AAC has not accepted any offer to the public of securities in any Member State of the EEA and no prospectus has been produced or will be produced in connection with the Directed Issue. In each EEA Member State, this notice is addressed only to "qualified investors" in that Member State as defined in the Prospectus Regulation.

In the United Kingdom, this document and other material are distributed and directed in relation to the securities described herein only, and any investment or investment activity to which this document relates is only available to and will be available only to, "qualified investors" who are (i) persons with professional experience in investment matters falling within the definition of "investment professionals" in Article 19 (5) of the UK Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); or (ii) persons with a high net worth covered by Article 49 (2) (a) - (d) of the Order (all such persons are collectively referred to as "relevant persons"). In the United Kingdom, any investment or investments to which this notice relates are only available to and will only involve relevant persons. Persons who are not relevant persons should not take action based on this press release and not or act or rely on it.

Forward-looking statements

This press release may contain forward-looking statements that reflect AAC's intentions, assessments or current expectations and goals for AAC's future operations, financial situation, development, liquidity, earnings, prospects, expected growth, strategies and opportunities and the markets in which AAC operates. Forward-looking statements are statements that are not historical facts and can be identified by the fact that they contain words such as "believe", "expect", "anticipate", "refer", "can", "plan", "appreciate", "should" , "Could", "aim" or "maybe" or, in each case, negatives thereof, or similar, expressions. The forward-looking statements in this press release are based on various assumptions, many of which in turn are based on additional assumptions. Although AAC considers the expectations reflected in these forward-looking statements to be reasonable, it can provide no assurance that they will occur or prove to be accurate. As these statements are based on assumptions or estimates and are subject to risks and uncertainties, the actual results or results may differ materially from those set forth in the forward-looking statements which are the result of many factors. Such risks, uncertainties, unforeseen events and other significant factors may cause actual events to differ materially from the expectations expressed or implied herein by such forward-looking statements. AAC does not warrant that the assumptions behind the forward-looking statements in this press release are error-free and assumes no responsibility for the future fulfillment of the statements made in this press release or any obligation to update or revise the statements in this press release.