Ownership structure

The table below describes Terranor’s ownership structure as of 7 April 2026.

Name	Number of shares	Percent
Mutares	9 404 212	47,2 %
STEN A OLSSONS PENSIONSSTIFTELSE	600 000	3,0 %
NORDNET LIVSFORSAKRING AS	576 137	2,9 %
NORDNET PENSIONSFÖRSÄKRING AB	562 582	2,8 %
FORMICA CAPITAL AB	550 000	2,7 %
BANQUE DE LUXEMBOURG – CLIENT ACC	500 000	2,5 %
PARETO SECURITIES AS	494 796	2,4 %
UBS AG LONDON BRANCH, W8IMY	463 713	2,3 %
DNB BANK ASA	451 419	2,2 %
CACEIS BANK, LUXEMBOURG BRANCH, W8IMY	450 946	2,2 %
Other public shareholders	5 946 195	29,7 %
Total	20 000 000