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Recalculation of Warrants (TO2) due to the Rights Issue in SaltX Technology

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Due to the rights issue in SaltX Technology Holding AB conversion has been made in accordance with the terms of outstanding warrants 2016/2018 (TO2) for subscription price and number of shares. Against this background, the new subscription price is SEK 4.72 per share and the new number of shares is 0.265 per warrant. In practice, this means that approximately every 68th warrant entitles the subscriber one more shares than in the original terms. Other subscription terms remain unchanged.

With full utilization of TO2 under the new terms, the number of shares increases by 4,295,782 (4,052,625) and the share capital increases by SEK 343,663 (324,210). In full use, SaltX is charged SEK 20,282,562 (20,263,125) before issue costs.

For full terms of the warrants, see (Swedish)

Link to terms

For further information, please contact:

Karl Bohman, CEO SaltX Technology: Tel: 070 560 02 68

Harald Bauer, CFO SaltX Technology: Tel: 070 140 45 02 (temporary)

SaltX Technology is obliged to disclose this information under the EU Market Abuse Regulation. The information was provided by the contact person listed above, for publication on May 24, 2017 at. 12.30 CET.

About SaltX Technology

SaltX Technology develops and sells patented energy storage technology, marketed under the brand SaltX ™. Customers consist mainly of major global OEM players such as Alfa Laval, Mobile Climate Control and Rheem. SaltX Technology's stock is listed on Nasdaq Stockholm First North. FNCA Sweden AB is SaltX Technology’s Certified Adviser. For more information, visit www.saltxtechnology.com.

About SaltX Technology

SaltX Technology develops and sells patented energy storage technology, which is marketed under the brand SaltX ™. Customers consist mainly of major global OEM partners such as Alfa Laval, Mobile Climate Control and Rheem. SaltX Technology's stock is listed on Nasdaq Stockholm First North. FNCA Sweden AB is SaltX Technology’s Certified Adviser. For more information, visit www.saltxtechnology.com.