22.4.2026 08:49:59 CEST | Mdundo.com A/S | Investor News

Today, 22 April 2026, is the first day of the subscription period in Mdundo.com A/S's ("Mdundo" or the "Company") preferential rights issue of shares ("Rights Issue" or the "Issue"), which was resolved by the Board of Directors on 10 April 2026. The subscription period runs from today until 5 May 2026. The issue volume amounts to approximately DKK 10.2 million and is covered by pre-subscription commitments and guarantee commitments totaling approximately DKK 7.5 million, corresponding to approximately 73.2 percent of the Rights Issue. Please note that each bank may have different deadlines. This announcement is for informational purposes only and does not constitute an offer to subscribe for or purchase securities. For full terms and conditions of the Issue, reference is made to the company announcement of 10 April 2026.

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES OF AMERICA, AUSTRALIA, BELARUS, CANADA, HONG KONG, JAPAN, NEW ZEALAND, RUSSIA, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OR ANY OTHER MEASURE.

Summary of the Rights Issue:

The Rights Issue is to be carried out on the following main terms:

• The capital increase is carried out as a Rights Issue with pre-emptive rights for existing shareholders, exercising authorisation in Articles of Association clause 5.4.
• Existing shareholders have received one (1) subscription right for each share held on the record date of 21 April 2026. One (1) subscription right entitles the holder to subscribe for one (1) new share in the Company. ·
• The Rights Issue comprises a maximum of 10,196,668 new shares.
• The subscription price is set at DKK 1.00 per new share.
• The subscription period runs from 22 April 2026 at 9:00 a.m. CEST to 5 May 2026 at 5:00 p.m. CEST.
• Upon full subscription of the Rights Issue, Mdundo will receive approximately DKK 10.2 million before deduction of transaction-related costs.

Investor presentation details:

Join CEO Martin Møller Nielsen for a live walkthrough of the investment case on and an open Q&A session which can be accessed using the following link: https://linkly.link/2heaN on Wednesday 29th of April from 12.00 – 12.30 CET.

Topics covered:

• Mdundo's business model and two revenue engines.
• Current financial position and path to EBITDA positivity.
• How the raised capital will be deployed.
• Rights issue terms and subscription process.

Join via Google Meet link (https://linkly.link/2heaN). This webinar is intended for potential and existing investors. Please refer to the full rights issue announcement: https://www.mdundoforinvestors.com/rights-issue-2026

Important dates:

• 22 April 2026: First day of subscription period
• 1 May 2026: Last day of trading period of subscription rights
• 5 May 2026: Last day of subscription period
• 8 May 2026: Announcement of result of Rights Issue
• 13 May 2026: Expected registration of the capital increase at Danish Business Authority
• 19 May 2026: First day of trading new shares

Contacts

• Martin Nielsen, CEO, +4593944055, +254708911840, [email protected]

About Mdundo.com A/S

Mdundo is a leading music service for Africa with millions of people streaming and downloading music from our app and website every month. We aim to provide Africa’s millions of internet users with easy access to music whilst contributing structure, legality, and income to the sector. More info: https://mdundo.com/

Mdundo.com A/S
Jagtvænget 2
2920 Charlottenlund
www.mdundo.com

Certified Adviser
HC Andersen Capital
Bredgade 23B, 2. sal,
1260 København K
+45 30 93 18 87
[email protected]
https://hcandersencapital.dk/

Attachments

• Download announcement as PDF.pdf