Audientes A/S: Convertible Loan Lenders Partially Convert Loans to Shares at Market Price, Triggering Flagging Notification

Company announcement no. 03-2025

March 2, 2025

Audientes A/S ("Audientes" or the "Company"), CVR 36047631, announces that convertible loan lenders Selandia Alpha Invest A/S, Renewable Ventures Nordic AB, and Mr. Gerhard Dal have exercised their rights to convert part of their loan receivables into shares in the Company.

The converted loan amounts to DKK 1 million, increasing the nominal share capital by DKK 568,181.81. This conversion strengthens Audientes' balance sheet by reducing outstanding debt and increasing shareholders equity.

The conversion rate is DKK 0.0176 per share of nominal DKK 0.01, based on the VWAP of the Audientes share on Spotlight Stock Market over the 10 trading days prior to 28 February 2025.

As a result, the number of shares increases by 56,818,181, bringing the total number of shares to 456,229,821.

Immediately after the loan conversion and share issuance, Selandia Alpha Invest A/S will hold 28,409,091 shares, corresponding to approximately 6.2% of the total number of shares. The remaining convertible loans amount to TDKK 1,276.

The fees associated with the loan conversion are estimated at TDKK 8 (exclusive of VAT) and will be covered by Audientes A/S.

For further information, please contact:

Steen Thygesen, CEO, Audientes A/S

Phone: ‭+45 77 34 16 80‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬

Email: st@audientes.com

About Audientes A/S

Audientes A/S is a Danish hearing technology company specializing in smart, self-fitting and affordable hearing aids and advanced hearables. Audientes' mission is to make high-quality hearing aids and hearables for hearing improvement or hearing enhancement accessible to everyone who needs them globally.

Audientes is listed on Spotlight Stock Market Denmark (AUDNTS) and headquartered in Copenhagen, Denmark with subsidiaries in Hyderabad, India and in Tokyo, Japan. Audientes has a 40% stake in a joint venture with Shenzhen Hengtong Partner Co. Ltd. in China.

For more information, please visit our websites www.audientes.com, www.audientes.eu, www.audientes.co.jp, www.audientes.in, or follow us on our social media channels.