Certain Ordinary Shares of Merus Power Oyj are subject to a Lock-Up Agreement Ending on 6-DEC-2021. These Ordinary Shares will be under lockup for 188 days starting from 1-JUN-2021 to 6-DEC-2021.

Details:
The Company and the Lead Manager have agreed that, with certain exceptions, the Company may not, without the prior written consent of the Lead Manager, black issue or otherwise dispose of the Company's shares during the 90 days following the Listing.

The Company's major shareholders have committed to transfer restrictions under which they will not be able to prior written consent of Power Fund III Ky and Inventure Fund Ky. 180 days after the Listing and Kari Tuomala, Aki Leinonen, Risto Laakso, Jyri Öörn, Rainer Antila, For Pedro Esteban and Vesa Riihimäki 365 days after the Listing, offer, pledge, sell, commit to sell, sells stock options or the right to buy, buy any stock options or the right to sell, issue stock options or warrants to purchase, lend or otherwise transfer or dispose, directly or indirectly, of shares in the Company held by the securities entitling to shares of the Company or convertible or convertible into shares of the Company.