1 § Company name The company's name is Nordnet AB (publ). The company is a public company.  

2 § Registered office The registered office of the company shall be in the municipality of Stockholm.  

3 § Object of the company's business The object of the company's business is to, through wholly or partially owned companies, conduct banking business, securities business, insurance business, fund operations and management of alternative investment funds, and any other activities compatible therewith, as well as to, directly or through wholly or partially owned companies, conduct insurance mediation, issue and mediate credits to consumers and distribute financial information via Internet and conduct any other activities compatible therewith.  

4 § Share capital and shares

• Size of share capital and number of shares: The company’s share capital shall be not less than SEK 1,000,000 and not more than SEK 4,000,000. The company shall have not less than 200,000,000 shares and not more than 800,000,000 shares.   
• Series of shares: Shares may be issued as ordinary shares, as well as a series of convertible shares labelled as C-shares. Shares of each class may be issued in a number equal to the entire share capital.   
• Voting rights: Ordinary shares have one (1) vote and C-shares one tenth (0.1) vote.   
• Dividends: Ordinary shares but not C-shares are entitled to dividends.   
• Conversion of C-shares: C-shares may be converted into ordinary shares upon a decision by the Board of directors. A condition for conversion is that the closing price of the company’s ordinary share on Nasdaq Stockholm on the trading day following the publication date of the company’s interim report for the first quarter 2028 (the “ Closing Price ”) is at least 130 percent of the closing price of the company’s ordinary share on Nasdaq Stockholm on 9 May 2025 (the “ Hurdle Value ”). Provided that the condition is met, the Board of directors shall, provided that the necessary regulatory approvals have been obtained, decide to convert a certain number of C-shares into ordinary shares as determined in accordance with the formula below. Conversion shall be carried out on a pro-rata basis in relation to each C-shareholder’s holding of C-shares at the time of the decision to convert. Number of C-shares to be converted = (The Closing Price – the Hurdle Value) x the number of outstanding C-shares x the conversion factor / the Closing Price. Only a whole number of C-shares may be converted, rounded down to the nearest whole C-share. The Hurdle Value, the Value Cap and the conversion factor shall be subject to recalculation following a reverse share split or share split, bonus issue, rights issue, dividend, reduction of the share capital with repayment to the shareholders, partial demerger, repurchase of shares by way of an offer to all shareholders or similar corporate event occurring before conversion, if such recalculation is fair and reasonable in order to put the shareholder in the same financial position as before such event. Such recalculation shall be made by the Board of directors and confirmed by an independent valuation institution. Immediately after a decision to convert C-shares has been made, the Board of directors shall notify the conversion to the Swedish Companies Registration Office (Sw. Bolagsverket) for registration. The conversion is executed once the registration has been completed and the conversion has been recorded in the central securities depository register.   
• Redemption of C-shares: The share capital may be reduced, but not to less than the minimum allowed share capital, by a decision of the Board of directors by the redemption of C-shares. Such a decision by the Board of directors may pertain to a certain number or all outstanding C-shares. Redemption shall be effected pro rata in relation to each C-shareholder's holding of C-shares at the time of the decision on redemption. The share capital may be reduced, but not to less than the minimum allowed share capital, at the request of a C-shareholder to the Board of directors, by redemption of the shareholder’s C-shares. Such a decision by the Board of directors to redeem C-shares requires that the necessary regulatory approvals have been obtained and must be made no later than within one month after the request by the C-shareholder or, where regulatory approval is required, no later than within one month from the receipt of such approval. Immediately after a decision to redeem C-shares has been made, the Board of directors shall notify the Swedish Companies Registration Office of the redemption for registration. The redemption is executed once the registration has been completed and the redemption has been recorded in the central securities depository register. When a decision is made to redeem C-shares, an amount corresponding to the reduction amount shall be allocated to the reserve fund if the necessary funds are available. No consideration shall be paid upon the redemption of C-shares. The reduction amount shall be allocated to unrestricted equity.   
• Shareholders' preferential rights: If the company decides to issue new ordinary shares and C-shares, or only new ordinary shares, or only new C-shares, against payment other than in kind, the holders of ordinary shares and C-shares, respectively, shall have preferential rights to subscribe for new shares of the same class in proportion to the number of shares the holder previously owns (primary preferential rights). Shares that are not subscribed for with primary preferential rights shall be offered to all shareholders for subscription (subsidiary preferential rights). If the offered shares are not sufficient for the subscription made with subsidiary preferential rights, the shares shall be allocated among the subscribers in proportion to the number of shares they previously own and, to the extent that this cannot be done, by drawing lots. If the company decides to issue warrants or convertibles against payment other than in kind, the shareholders shall have preferential rights to subscribe for warrants as if the issue involved the shares that may be subscribed for by exercising the warrants, and preferential rights to subscribe for convertibles as if the issue involved the shares that the convertibles may be exchanged for. The above shall not imply any restriction on the ability to decide on a cash issue or set-off issue with deviation from shareholders' preferential rights. In the event of an increase in share capital through a bonus issue, new shares of each class shall be issued in proportion to the number of existing shares of the same class. Thereby, old shares of a certain class shall entitle the holder preferential rights to new shares of the same class. The foregoing shall not imply any restriction on the ability to through a bonus issue, without issuing new shares, or through a bonus issue, after the necessary amendment of the Articles of Association, issue shares of a new class.   

5 § Financial year The company's financial year shall be calendar year.  

6 § Board of directors The board of directors shall consist of not less than three (3) and not more than ten (10) board members.  

7 § Auditor The company shall have not less than one and not more than two auditors, with not more than two deputy auditors. A registered auditing company may also be appointed as auditor.  

8 § Notice of shareholders' meeting The summons to the shareholders' meeting shall be made by means of announcement in the Swedish Official Gazette and on the company’s website. It shall be announced in Svenska Dagbladet that a summoning to the shareholders’ meeting has been made.  

9 § Notification of attendance of shareholders' meeting Shareholders wishing to participate in the shareholders' meeting shall notify the company of their intention to attend not later than the day stated in the notice to attend the meeting. This day may not be a Sunday, any other public holiday, Saturday, Midsummer Eve, Christmas Eve or New Year’s Eve and may not be earlier than the fifth working day before the Meeting. At a shareholders' meeting, shareholders may be accompanied by one or two assistants, although only if the shareholder has given notification of this as specified in the previous section.  

10 § Collection of powers of attorney and voting by post The board of directors may collect powers of attorney in accordance with the procedure described in Chapter 7, section 4, second paragraph of the Companies Act (2005:551). The board of directors has the right before a general meeting to decide that shareholders shall be able to exercise their right to vote by post before the general meeting.   

11 § Business at annual shareholders' meetings The following business shall be addressed at annual shareholders' meetings:   

1. election of a chairman of the meeting;    
2. preparation and approval of the voting list;    
3. election of one or two persons who shall approve the minutes of the meeting;    
4. determination of whether the meeting was duly convened;    
5. approval of the agenda;    
6. submission of the annual report and the auditors' report and, where applicable the consolidated financial statements and auditors' report for the group;    
7. resolutions regarding the adaption of the income statement and the balance sheet and, when applicable, the consolidated income statement and the consolidated balance sheet;    
8. resolutions regarding allocation of the company's profits or losses in accordance with the adapted balance sheet;    
9. resolutions regarding discharge of the members of the board of directors and the managing directors from liability;    
10. determination of the number of members of the board and auditors and, where applicable, the number of deputy auditors;    
11. determination of fees for members of the board of directors and auditors;    
12. election of the members of the board of directors and auditors and, where applicable, deputy auditors;    
13. resolution on guidelines for determining salary and other remuneration to the managing director and other persons in the company’s management, where such a proposal has been submitted;    
14. other matters, which are set out in the Swedish Companies Act or the company's articles of association.   

12 § Record date provision The shareholder or nominee who on the record date is registered in the share register and in a central securities depository register pursuant to Chapter 4 of the Central Securities Depositaries and Financial Instruments Accounts Act (1998:1479) or any person who is registered in a central securities depository account pursuant to Chapter 4, Section 18 paragraph 6-8 of the mentioned Act, shall be deemed to be authorised to exercise the rights set out in Chapter 4, Section 39 of the Companies Act (2005:551).   

These articles of association have been adopted at the annual general meeting held on 28 April 2025.