Proposed sale of shares in Beijer Ref AB (“Beijer Ref”) by Breeze TopCo S.à r.l. (“EQT Private Equity”), a company ultimately owned by the fund known as EQT IX

LAUNCH PRESS RELEASE

Not for release, publication or distribution, directly or indirectly, in whole or in part, in or into the United States, Canada, Japan, South Africa or Australia or any other jurisdiction in which the release, publication or distribution would be unlawful.

15 June 2026

Proposed sale of shares in Beijer Ref AB (“Beijer Ref”) by Breeze TopCo S.à r.l. (“EQT Private Equity”), a company ultimately owned by the fund known as EQT IX

Breeze TopCo S.à r.l. (“EQT Private Equity”), a company ultimately owned by the fund known as EQT IX, hereby announces its intention to sell approximately 30.7m class B shares in Beijer Ref AB (publ) (“Beijer Ref” or the “Company”), equivalent to approximately 6.0% of the share capital of, and approximately 100% of EQT Private Equity’s shareholding following closing of the transactions involving Melker Schörling AB announced by EQT Private Equity on 11 June 20261 in, Beijer Ref, through a placing to institutional investors (the “Placing”).

The Placing will be conducted by way of an accelerated bookbuilding process, which will be launched immediately following this announcement. Citigroup Global Markets Europe AG (“Citi”), DNB Carnegie Investment Bank AB (publ) (“DNB Carnegie”) and Jefferies GmbH (“Jefferies”) are acting as Joint Global Co-ordinators and Joint Bookrunners, and Mizuho Bank Europe N.V. (“Mizuho”) is acting as a Joint Bookrunner, in the Placing (together the “Managers”).

Assuming all 30.7m class B shares available in the Placing are sold, and following closing of the transactions involving Melker Schörling AB announced by EQT Private Equity on 11 June 2026, EQT Private Equity will no longer hold any shares in Beijer Ref.

Advokatfirman Vinge is acting as legal advisor to EQT Private Equity and White & Case as legal advisor to the Managers in connection with the Placing.

IMPORTANT NOTICE

This announcement is not for distribution, directly or indirectly, in whole or in part, in or into the United States, Canada, Japan, South Africa or Australia, or any other jurisdiction where to do so might constitute a violation or breach of any applicable law or regulation. This announcement is not a prospectus for the purposes of the Prospectus Regulation (as defined below). This announcement is for information purposes only and is not intended to constitute, and should not be construed as, an offer to sell or a solicitation of any offer to buy any securities of the Company in the United States, Canada, Japan, South Africa, Australia or in any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of such jurisdiction, and the distribution of this communication in such jurisdictions may be similarly restricted. No action has been taken by EQT Private Equity, the Managers or any of their affiliates to permit an offering of the shares or possession or distribution of this announcement in any jurisdiction where action for that purpose is required. Neither this announcement nor anything contained herein shall form the basis of, or be the basis of, or be relied upon in connection with, any offer or purchase whatever in any jurisdiction and shall not constitute or form part of an offer to sell or the solicitation of an offer to buy securities in the United States or in any other jurisdiction. This announcement should not be regarded as an opinion or recommendation concerning the purchase or sale of securities of the Company. Persons into whose possession this communication comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdictions.

The securities mentioned herein have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), and may not be offered or sold in the United States absent registration under the US Securities Act or an available exemption from, or transaction not subject to, the registration requirements of the US Securities Act. There will be no public offering of securities in the United States.

In the United Kingdom, this announcement is only being distributed to, and is only directed at, and any investment or investment activity to which this communication relates is available only to, and will be engaged in only with, “qualified investors” within the meaning of Paragraph 15 of Schedule 1 of the Public Offers and Admissions to Trading Regulations 2024 that are (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”) or (ii) high net worth entities, and other persons to whom this announcement may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “Relevant Persons”). This announcement must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this announcement relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. Persons distributing this announcement must satisfy themselves that it is lawful to do so.

No person has authorised any offer to the public of securities in any member state of the European Economic Area. With respect to any Member State of the European Economic Area (each a "Relevant Member State"), no action has been undertaken or will be undertaken to make an offer to the public of securities requiring publication of a prospectus in any Relevant Member State. As a result, the securities may only be offered in Relevant Member States (i) to any legal entity which is a qualified investor as defined in the Commission Regulation (EU) 2017/1129, as amended (the “Prospectus Regulation”); or (ii) in any other circumstances falling within article 1(3) and 4(2) of the Prospectus Regulation provided that no such offer will result in a requirement for the publication of a prospectus pursuant to article 3 of the Prospectus Regulation. For the purpose of this paragraph, the expression "offer of securities to the public" means the communication in any form and by any means of sufficient information on the terms of the offer and the securities to be offered so as to enable the investor to decide to purchase or subscribe for the securities.

None of the Managers or any of their or their affiliates’ directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to EQT Private Equity, the Company, their respective subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith.

Each of the Managers is acting on behalf of EQT Private Equity and no one else in connection with any offering of the placing shares and will not be responsible to any other person for providing the protections afforded to any of its clients or for providing advice in relation to any offering of the placing shares.

Any offer and sale of the placing shares in Canada will be made on a private placement basis only and is exempt from the requirement that the Company prepares and files a prospectus under applicable Canadian securities laws. Any resale of the placing shares into Canada must be made in accordance with applicable Canadian securities laws, which may vary depending on the relevant jurisdiction, and which may require resales to be made in accordance with Canadian prospectus requirements, a statutory exemption from the prospectus requirements, in a transaction exempt from the prospectus requirements or otherwise under a discretionary exemption from the prospectus requirements granted by the applicable local Canadian securities regulatory authority. These resale restrictions may under certain circumstances apply to resales of the placing shares outside of Canada. This announcement does not contain all of the information that would normally appear in a prospectus under applicable Canadian securities laws. No securities commission or similar authority in Canada has reviewed or in any way passed upon this announcement or the merits of the placing shares. Any representation to the contrary is an offense. This announcement is not, and under no circumstances is to be construed as, a prospectus, an advertisement or a public offering of the placing shares in Canada.

No offer and sale of placing shares is or will be made in Canada, except to persons who are: (a) an "accredited investor" within the meaning of Section 1.1 of National Instrument 45-106 – Prospectus Exemptions ("NI 45-106") of the Canadian Securities Administrators or subsection 73.3(1) of the Securities Act (Ontario) (the "OSA"), as applicable, and is either purchasing the placing shares as principal for its own account, or is deemed to be purchasing the placing shares as principal for its own account in accordance with applicable Canadian securities laws, for investment only and not with a view to resale or redistribution; (b) such person was not created or used solely to purchase or hold the placing shares as an accredited investor under NI 45-106; (c) a "permitted client" within the meaning of National Instrument 31-103 - Registration Requirements, Exemptions and Ongoing Registrant Obligations ("NI 31-103") of the Canadian Securities Administrators; and (d) entitled under applicable Canadian securities laws to purchase the placing shares without the benefit of a prospectus under such securities laws.

1Closing is subject to customary regulatory approvals. See further, https://eqtgroup.com/news/eqt-agrees-to-sale-of-shares-in-beijer-ref-to-melker-schorling-ab-2026-06-11

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