Keliber Oy (“Keliber” or “the Company”) has successfully raised over EUR 10 million through directed share issues to the current shareholders and personnel of the Company.

Based on the authorization received from the Extraordinary General Meeting of the Shareholders, the Board of Directors of Keliber has approved the subscriptions made in the share issue directed to the current shareholders of the Company and the new permanent personnel of the Company. The share issue directed to the current shareholders of the Company was oversubscribed. In the issue total of 204,081 new B shares were subscribed. The gross proceeds of the share issue were EUR 10 million.

In the incentive issue directed to the Company’s new permanent personnel total of 285 new B shares were subscribed, with gross proceeds over EUR 12,500. All the new permanent personnel of the Company participated in the issue.

In connection with the share issues, the shareholding of Finnish Minerals Group in the total number of shares and voting rights of Keliber Oy has risen to over 24% and Finnish Minerals Group became largest shareholder of Keliber.

Subsequent of the directed share issue and the incentive issue for the new permanent personnel of the Company, the total number of outstanding shares in Keliber is 1,290,867, of which 160,000 Series A shares and 1,130,867 Series B shares.

Pertti Lamberg, CEO of Keliber: “We are very pleased with the results of the share issues. We continue our work to secure the required permits and commence detailed engineering for the construction of our Lithium Project. We also have strong focus in the implementation of our product and market strategy and negotiations with our potential customers. Preparations for financing the construction stage of our project are proceeding as planned in co-operation with our appointed advisors.”

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