THE SUBSCRIPTION PERIOD IN KEBNI AB'S (PUBL) RIGHTS ISSUE OF UP TO SEK 50 MILLION COMMENCES

Today marks the start of the subscription period in KebNi AB (publ) ("KebNi" or the "Company") rights issue of shares. The rights issue is also open for subscriptions to the public.

This press release may not be announced, published or distributed, in whole or in part, directly or indirectly, in the United States, Canada, Japan, Australia, Hong Kong, New Zealand, Singapore, South Africa or any other country where such publication or distribution would violate applicable laws or rules or would require additional documents to be prepared or registered or require any other actions to be taken, in addition to the requirements under Swedish law. This press release is not a prospectus. For further information, please refer to "Important information" in this press release.

Stockholm, Sweden, October 16th 2020 - KebNi is carrying out a rights issue of shares If fully subscribed, KebNi will raise up to approximately SEK 50 million before deduction of issue related costs. The rights issue is covered by guarantee commitments from new investors corresponding to approximately 90 % of the issue proceeds.

For each existing share held on the record day of October 13, 2020, shareholders will receive one subscription right. One subscription right entitles to subscription of one new share. The subscription price is SEK 1.50 per new share. The rights issue is also open to the public.

Subscription period: October 16 - October 30, 2020

Trading in subscription rights: October 16 - October 28, 2020

Trading in BTA: October 16, 2020 - until the issue has been registered with the Swedish Companies Registration Office (Sw. Bolagsverket)

The outcome of the rights issue is expected to be communicated approximately November 4, 2020.

Prospectus, terms and conditions

The prospectus, including full terms and conditions, is available together with subscription forms and information folder on the Company's, Aktieinvest FK AB and Redeye's respective websites (www.kebni.com, www.aktieinvest.se, www.redeye.se ).

Advisers

Redeye Aktiebolag acts as financial adviser and Synch Advokat AB acts as legal adviser in connection with the rights issue.

Certified Adviser

Redeye AB is Certified Adviser for KebNi. Contact details to Redeye AB: tel. +46 (0)8 121 576 90, e-mail certifiedadviser@redeye.se.

Important Information

This press release does not contain or constitute an invitation or an offer to acquire, sell, subscribe for or otherwise trade in securities in KebNi. The invitation to acquire securities in KebNi will only be made through the prospectus that KebNi has published on its website, following the approval and registration thereof by the Swedish Financial Supervisory Authority and only to the persons to whom the prospectus is addressed. The prospectus contains, among other things, risk factors, financial statements as well as information regarding KebNi's board of directors. This press release has not been approved by any regulatory authority and is not a prospectus. Accordingly, investors should not purchase any securities referred to in this press release except on the basis of information provided in the prospectus.

In certain jurisdictions, the publication or distribution of this press release may be subject to restrictions according to law and persons in those jurisdictions where this press release has been published or distributed should inform themselves about and abide by such restrictions.

This press release is not directed to persons located in the United States (including its territories and possessions, any state of the United States and the District of Columbia), Canada, Japan, Australia, Hong Kong, New Zealand, Singapore, South Africa, or in any other country where the offer or sale of securities is not permitted.

This press release may not be announced, published or distributed, directly or indirectly, in or into the United States, Canada, Japan, Australia, Hong Kong, New Zealand, Singapore, South Africa, or any other country where such action is wholly or partially subject to legal restrictions or where such action would require additional prospectuses, other offer documentation, registrations or other actions in addition to what follows from Swedish law.

The information in this press release may not be forwarded, reproduced or disclosed in such a manner that would contravene such restrictions or would require such additional prospectuses, other offer documentation, registrations or other actions. Failure to comply with this instruction may result in a violation of the United States Securities Act of 1933, as amended (the "Securities Act") or laws applicable in other jurisdictions.

No securities have been or will be registered under the Securities Act, or with any other securities regulatory authority of any state or other jurisdiction of the United States and no securities may be offered, sold, resold, transferred, delivered or distributed, directly or indirectly, into or within the United States or on the account of such persons other than pursuant to an exemption from, or in a transaction not subject to the registration requirements of the Securities Act, and in compliance with any applicable securities laws of any state or jurisdiction of the United States. No public offering of securities is made in the United States. There is no intention to register any securities referred to herein in the United States or to make a public offering in the United States.

This press release contains forward-looking statements which reflect KebNi's current view on future events and financial and operational development. Words such as "intend", "will", "expect", "anticipate", "may", "plan", "estimate" and other expressions than historical facts that imply indications or predictions of future development or trends, constitute forward-looking statements. Forward-looking statements inherently involve both known and unknown risks and uncertainties as they depend on future events and circumstances. Forward-looking statements do not guarantee future results or development and the actual outcome could differ materially from the forward-looking statements.

The information, opinions and forward-looking statements in this press release speak only as of its date and are subject to change without notice.

FOR MORE INFORMATION CONTACT:

Carsten Drachmann, CEO

Email: carsten.drachmann@kebni.com

Phone: +45 4063 4036

About KebNi AB

KebNi AB is a publicly traded company on the Nasdaq First North Growth Market stock exchange in Sweden, focused on becoming a leading supplier of reliable technologies, products and solutions for safety, location precision and stabilization.

The value KebNi bring to its customers is offering customized high-tech solutions that are reliable and stable. KebNi "brings stability to a world in motion".

The company is headquartered in Stockholm, Sweden and has a long history and experience in maritime satellite antenna solutions and solutions for inertial movement sensing.

KebNi markets its products through three business areas. KebNi Maritime for Maritime Satellite Antennas, KebNi Inertial Sensing for Inertial Measurement Units and KebNi Land Mobile for Communication on the Move (COTM) as well as Communication on the Pause (COTP) antennas.

The company operates in global markets and reaches customers both directly and through a network of resellers.

KebNi's products and solutions are addressing government & military customers, as well as commercial customers in industries for robotics and self-driving vehicles.

The company is listed on NASDAQ First North Growth Market [KEBNI B] and the company's Certified Adviser is Redeye AB (certifiedadivser@redeye.se, +46 8 121 576 90)

The information was submitted for publication, through the agency of the contact person set out above, on October 16, 2020 at 15:00 CET.

For accuracy, please exclusively rely on the Swedish version. Should there be unintentional translation differences between the English and the Swedish press release, the Swedish version will take precedence.

TORBJÖRN SAXMO NY VD FÖR KEBNI AB

Torbjörn Saxmo ("Saxmo") har idag anställts som ny VD för KebNi AB. Torbjörn Saxmo tillträder sin anställning den 9 februari 2021.


KEBNI AB SÄGER UPP VD

Styrelsen i KebNi AB (bolaget) har idag beslutat att, med omedelbar verkan, avsluta Carsten Drachmanns VD-uppdrag i bolaget.


KEBNI AB (PUBL) OFFENTLIGGÖR UTFALL AV GENOMFÖRD FÖRETRÄDESEMISSION

KebNi AB (publ) ("KebNi" eller "Bolaget") tillförs cirka 45 MSEK före avdrag för emissionskostnader genom den företrädesemission av aktier vars teckningsperiod löpte ut 30 oktober 2020. Utfallet visar att 6 273 741 aktier, motsvarande cirka 19 % av emissionen, tecknades med stöd av företrädesrätt. Därutöver har anmälningar mottagits för teckning utan företrädesrätt om 569 674 aktier, motsvarande cirka 2 % av emissionen. I enlighet med ingångna garantiåtaganden tecknas således 23 183 254 aktier, motsvarande cirka 69 % av emissionen, av garanter.


KEBNI AB (PUBL) PUBLISHES OUTCOME OF ITS RIGHTS ISSUE

KebNi AB (publ) ("KebNi" or the "Company") raises approx. SEK 45 million before deduction of issue related costs through its rights issue, for which the subscription period ended on October 30, 2020. The outcome shows that 6 273 741 shares, corresponding to approx. 19 % of the rights issue were subscribed for with preferential rights. Additionally, 569 674 shares, corresponding to approx. 2 % of the rights issue, were subscribed for without preferential rights. In accordance with the guarantee commitments, 23 183 254 shares, corresponding to approx. 69 % of the rights issue, were subscribed by guarantors.


KEBNI TECKNAR AVSIKTSFÖRKLARING MED INDISK PARTNER, GRINTEX, FÖR ATT FÅNGA MARITIME MÖJLIGHET I INDIEN

Etablerade och högkvalitativa antenntillverkaren KebNi har tecknat en avsiktsförklaring med Grintex India Ltd. Grintex är ett väletablerat MSME-företag (Micro, Small & Medium Enterprise) i Indien med lång erfarenhet av att leverera avancerade tekniklösningar till den indiska regeringen. KebNi och Grintex har kommit överens om att inrätta ett affärspartnerskap i syfte att etablera KebNis närvaro i Indien, inklusive att uppfylla kraven för den indiska regeringens "Make in India" -politik. Parterna riktar sig specifikt mot kravet på att leverera toppmodern satellitutrustning till olika sjöprogram på den indiska marknaden som utnyttjar bestämmelserna i den nya försvarsförvärvspolitiken 2020 (DAP 2020) som lanserades av den indiska försvarsministern den 28 september 2020. Detta medför förbättrade multiplikatorer för upphandling från MSME-företag.


KEBNI SIGNS LETTER OF INTENT WITH INDIAN PARTNER, GRINTEX, TO CAPTURE MARITIME OPPORTUNITY IN INDIA

Established and high-quality antenna manufacturer KebNi has signed a Letter of Intent with Grintex India Ltd. Grintex is a well-established MSME (Micro, Small & Medium Enterprise) company in India with a long track record of delivering high-end technology solutions to the Indian government. KebNi and Grintex have agreed to setup a business partnership with the aim of establishing KebNi's presence in India, including meeting requirements for "Make in India" policy of the Indian government. The parties are specifically targeting the requirement of delivering state of the art satellite equipment on various maritime programs in the Indian market leveraging the provisions of the new Defence Acquisition Policy 2020  (DAP 2020) launched by the Indian Defence Minister on 28th September 2020 which provides enhanced multipliers for procurement made from MSME companies.


KEBNI AB:S (PUBL) SENARELÄGGER Q3-RAPPORT FÖR ATT MÖJLIGGÖRA INSYNSPERSONERS DELTAGANDE I PÅGÅENDE FÖRETRÄDESEMISSION OM UPP TILL 50 MSEK

KebNi AB (publ) ("KebNi" eller "Bolaget") har, med anledning av den företrädesemission av aktier som nu genomför, beslutat att senarelägga offentliggörandet av Bolagets finansiella rapport till den 30 november 2020 (tidigare 19 november 2020).


KEBNI AB'S (PUBL) POSTPONES Q3 REPORT TO ENABLE PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES PARTICIPATION IN THE ONGOING RIGHTS ISSUE OF UP TO SEK 50 MILLION

KebNi AB (publ) ("KebNi" or the "Company") today announces that, due to the ongoing rights issue with pre-emptive rights for existing shareholders, the publication of the Company's Q3 report will be postponed to November 30, 2020 (previously November 19, 2020).


IDAG INLEDS TECKNINGSTIDEN I KEBNI AB:S (PUBL) FÖRETRÄDESEMISSION OM UPP TILL 50 MSEK

Idag inleds teckningstiden i KebNi AB:s (publ) ("KebNi" eller "Bolaget") företrädesemission av aktier i vilken även allmänheten har möjlighet att anmäla intresse.


THE SUBSCRIPTION PERIOD IN KEBNI AB'S (PUBL) RIGHTS ISSUE OF UP TO SEK 50 MILLION COMMENCES

Today marks the start of the subscription period in KebNi AB (publ) ("KebNi" or the "Company") rights issue of shares. The rights issue is also open for subscriptions to the public.


KEBNI FÅR BETALNING PÅ 0,69 MUSD (CIRKA 6 MSEK) FRÅN ISRAELSK KUND

KebNi har mottagit en betalning på 0,69 MUSD (cirka 6 MSEK) från sin israeliska kund relaterad till nuvarande kontrakt. Betalningen är en del av den försenade betalningen på 20 MSEK från sin israeliska kund, som meddelades i ett pressmeddelande den 22 september 2020.


KEBNI RECEIVES PAYMENT OF 0.69 MUSD (APPROX. 6 MSEK) FROM ISRAELI CUSTOMER

KebNi has received a payment of 0.69 MUSD (approx. 6 MSEK) from its Israeli customer related to current contracts. The payment is part of a delayed payment of 20 MSEK from its Israeli customer, announced in a press release on September 22nd, 2020.


KEBNI AB (PUBL) OFFENTLIGGÖR PROSPEKT AVSEENDE FÖRETRÄDESEMISSION OM UPP TILL 50 MSEK

KebNi AB (publ) ("KebNi" eller "Bolaget") publicerar prospekt med anledning av den företrädesemissionen av aktier vars teckningstid inleds den 16 oktober 2020. Prospektet har idag godkänts och registrerats av Finansinspektionen.


KEBNI PUBLISHES PROSPECTUS IN CONNECTION WITH THE RIGHTS ISSUE OF UP TO SEK 50 MILLION

KebNi AB (publ) ("KebNi" or the "Company") publishes a prospectus in connection with the rights issue of shares for which the subscription period commences on October 16, 2020. The prospectus has today been approved and registered by the Swedish Financial Supervisory Authority (Sw. Finansinspektionen).


KEBNI-PRODUKTTEST STARTAR I RYSSLAND

Etablerade och högkvalitativa antenntillverkaren KebNi engagerar sig i kundtestning i Ryssland med sin partner AMPLUS-SAT. Kunden testar KebNis nya 1,8 meter Drive Away-lösning från Satmissions produktportfölj.


KEBNI PRODUCT TESTING BEGINS IN RUSSIA

Established and high-quality antenna manufacturer KebNi engaging in customer product testing in Russia with its partner AMPLUS-SAT. The customer is testing KebNi's new 1.8 meter Drive Away solution from its Satmission product portfolio.


TRÄFFA KEBNI PÅ REDEYE INVESTOR FORUMS

KebNi kommer att presentera sin verksamhet, sina framtidsutsikter och varför du ska investera i KebNi i den kommande nyemissionen på Redeye Investor Forums.


MEET KEBNI AT REDEYE INVESTOR FORUMS

KebNi will present its operations, its future prospects and why you should invest in KebNi in the upcoming rights issue at the Redeye Investor Forums.


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