Notice to attend the Extraordinary General Meeting in BICO Group AB (publ)

Right to participate in the Extraordinary General Meeting and notice of participation

Participation in the Extraordinary General Meeting at the venue

A shareholder who wishes to participate in the Extraordinary General Meeting at the venue in person or represented by a proxy must (i) be recorded as a shareholder in the share register maintained by Euroclear Sweden AB relating to the circumstances on Friday November 27, 2026, and (ii) no later than Tuesday December 1, 2026 give notice by post to BICO Group AB (publ), EGM 2026, Grafiska vägen 2B, SE-412 63 Gothenburg, Sweden or via e-mail to ir@bico.com. When providing such notice, the shareholder shall state name, personal or corporate registration number, address, telephone number and the number of any accompanying assistant(s) (maximum two assistants) as well as information about any proxy.

If a shareholder is represented by proxy, a written, dated power of attorney signed by the shareholder for the representative must be issued. The power of attorney may not be older than one year, unless a longer period is specified in the power of attorney (maximum five years). A proxy form is available on the Company’s website, www.bico.com, and will be sent by post to shareholders who so request and provide their postal address. If the proxy is issued by a legal entity, a certificate of registration or equivalent certificate of authority shall be enclosed. To facilitate the registration at the Extraordinary General Meeting, the proxy and the certificate of registration or equivalent certificate of authority should be sent to the Company as set out above so that it is received no later than Tuesday December 1, 2026.

Participation by postal voting

A shareholder who wishes to participate in the Extraordinary General Meeting by postal voting must (i) be recorded as a shareholder in the share register maintained by Euroclear Sweden AB relating to the circumstances on Friday November 27, 2026, and (ii) give notice no later than Tuesday December 1, 2026, by casting its postal vote in accordance with the instructions below so that the postal vote is received by BICO Group AB (publ) no later than on that day.

A shareholder who wishes to participate in the Extraordinary General Meeting at the venue in person or represented by a proxy must give notice thereof in accordance with what is set out under “Participation in the Extraordinary General Meeting at the venue” above. This means that a notification by postal vote is not sufficient for a person who wishes to participate at the venue.

A special form shall be used when postal voting. The postal voting form is available on the Company’s website www.bico.com. A completed and signed form shall be submitted by post to BICO Group AB (publ), EGM 2026, Grafiska vägen 2B, SE-412 63 Gothenburg or via e-mail to ir@bico.com. The completed form shall be received by BICO Group AB (publ) not later than Tuesday December 1, 2026. The shareholder may not provide special instructions or conditions in the voting form. If so, the vote (i.e., the postal vote in its entirety) is invalid. Further instructions and conditions are included in the form for postal voting.

If a shareholder votes by proxy, a written, dated power of attorney signed by the shareholder for the representative shall be enclosed with the postal voting form. The power of attorney may not be older than one year, unless a longer period is specified in the power of attorney (maximum five years). A proxy form is available on the Company’s website www.bico.com, and will be sent by post to shareholders who so request and provide their postal address. If the shareholder is a legal entity, a certificate of registration or equivalent certificate of authority shall be enclosed with the form. If a shareholder has voted by post and then attends the Extraordinary General Meeting in person or through a proxy, the postal vote is still valid except to the extent the shareholder participates in a voting procedure at the Extraordinary General Meeting or otherwise withdraws its postal vote. If the shareholder chooses to participate in a vote at the Extraordinary General Meeting, the vote cast will replace the postal vote with regard to the relevant item on the agenda.

Nominee-registered shares

To be entitled to participate in the Extraordinary General Meeting, a shareholder whose shares are held in the name of a nominee must, in addition to providing notification of participation, register its shares in its own name so that the shareholder is recorded in the share register relating to the circumstances on Friday November 27, 2026. Such registration may be temporary (so-called voting right registration) and is requested from the nominee in accordance with the nominee’s procedures and in such time in advance as the nominee determines. Voting right registrations completed by the nominee not later than Tuesday December 1, 2026, are taken into account when preparing the share register.

PROPOSED AGENDA

1. Opening of the Extraordinary General Meeting.
2. Election of Chairman at the Extraordinary General Meeting.
3. Preparation and approval of the voting list.
4. Approval of the agenda.
5. Election of one or two persons to approve the minutes.
6. Determination as to whether the Extraordinary General Meeting has been duly convened.
7. Determination of the number of members of the Board of Directors and deputies.
8. Election of members of the Board of Directors.
   The Nomination Committee’s proposal:
   a. Susanne Ekblom (new election)
   b. Åsa Hedin (new election)
9. Election of the chairman of the Board of Directors.
   The Nomination Committee’s proposal:
   Erik Gatenholm (Chairman)
10. Determination of fees for members of the Board of Directors.
11. Resolution on:
    1. amendments to the articles of association,
    2. authorisation for the Board of Directors to resolve on a directed issue of Series C shares,
    3. authorisation for the Board of Directors to repurchase own Series C shares, and
    4. authorisation for the Board of Directors to transfer own Series B shares to participants in LTIP 2026-2029.
12. Closing of the Extraordinary General Meeting.

THE NOMINATION COMMITTEE’S PROPOSALS UNDER ITEMS 2, 7, 8, 9 and 10

The Nomination Committee of BICO for the Extraordinary General Meeting consists of Anders Strid (chairman, nominated by Erik Gatenholm) and Carl-Johan Krusell (nominated by Héctor Martínez). The Nomination Committee has been convened by the acting Chairman of the Board, Erik Gatenholm, following the decision by three of the Board Members elected at the Annual General Meeting 2026 to leave the Board as of July 31, 2026. The Nomination Committee has submitted the following proposals.

Item 2 – Election of Chairman at the Extraordinary General Meeting

The Nomination Committee proposes that lawyer Edin Agic, Advokatfirman Vinge, be elected Chairman at the Extraordinary General Meeting.

Item 7 – Determination of the number of members of the Board of Directors and deputies

The Nomination Committee proposes that the Board shall consist of five (5) ordinary members without deputies.

Item 8 – Election of members of the Board of Directors

The Nomination Committee proposes, for the period until the end of the next Annual General Meeting, the new election of Susanne Ekblom and Åsa Hedin. Maria Rankka, Susanne Lithander and Johan Westman announced on July 6, 2026 that they would leave their Board assignments as of July 31, 2026. Erik Gatenholm, Olof Stranding and Christian Wildmoser will remain as members of the Board.

Information regarding the proposed new Board Members:
The Nomination Committee considers that the Board needs to be supplemented with experience and expertise in auditing or accounting, as well as in life science, covering both strategy and commercialisation. The Nomination Committee therefore proposes the new election of Susanne Ekblom and Åsa Hedin.

Susanne Ekblom
Susanne Ekblom holds a degree in Business and Economics from Stockholm University. Susanne has extensive experience of both operational management roles and Board work in listed and unlisted companies. During her operational career, Susanne has served as CFO of Investor and SVT and as CEO of Vectura Fastigheter. She is a Board Member and Chair of the Audit Committee of Sjunde AP-fonden and Mio, and a Board Member of C-RAD. She has previously been a Board Member and Chair of the Audit Committee of Cint, Norstat and Assemblin. Throughout her career, Susanne has led extensive change and efficiency initiatives and developed strong expertise in financial management, capital markets, business development and value creation.

Shareholding in BICO: 0 shares.

Susanne Ekblom is independent in relation to the Company and its management, as well as in relation to the Company’s major shareholders.

Åsa Hedin
Åsa Hedin holds a Master’s degree in biophysics/biotechnology and a Bachelor’s degree in physics. Åsa has extensive experience of international technology and medical technology companies, both as an operational leader and as a Board Member. She has held senior roles as CEO of Elekta Instrument AB and as head of Corporate Strategy at Elekta and Gambro AB. Åsa is Chair of the Board of PDSVision and QBTech and a Board Member of Acuvi and Industrifonden. She has previously been Chair of the Board of Tobii Dynavox and a Board Member of, among others, Nolato, Biotage, C-Rad, MedCap and Cellavision. Åsa has very broad experience of life science and extensive experience of strategy work in companies undergoing change. The Nomination Committee considers Åsa to be a significant asset to the Board in terms of international commercialisation and growth.

Shareholding in BICO Group AB: 0 shares.

Åsa Hedin is independent in relation to the Company and its management, as well as in relation to the Company’s major shareholders.

Further information about the proposed Board Members can be found on the Company’s website, www.bico.com.

Item 9 – Election of the chairman of the Board of Directors

The Nomination Committee proposes, for the period until the end of the next Annual General Meeting, the election of Erik Gatenholm as Chairman of the Board of Directors.

Item 10 – Determination of remuneration to the Board of Directors

The Nomination Committee proposes that the remuneration resolved upon by the Annual General Meeting 2026, relating to a term of office from one Annual General Meeting to the next Annual General Meeting, remain unchanged. The remuneration is therefore proposed to be paid pro rata to each Board Member based on the number of months that the respective Board Member serves from the Annual General Meeting 2026 until the Annual General Meeting 2027.

THE BOARD’S PROPOSALS UNDER ITEM 11

Item 11 – Resolutions under item 11

Introduction

At the 2026 Annual General Meeting, the Board presented a proposal for a share-based long-term incentive programme 2026–2029 (“LTIP 2026-2029”) for members of the Company’s group management and key employees of the Company, comprising the following components: (a) implementation of LTIP 2026-2029, (b) amendment of the articles of association, (c) authorisation for the Board to resolve on a directed issue of series C shares, (d) authorisation for the Board to repurchase own series C shares, (e) authorisation for the Board to transfer own series B shares to participants in LTIP 2026-2029, and (f) authorisation for the Board to enter into a share swap agreement with a third party.

The Annual General Meeting resolved to adopt the proposals under items (a) and (f). The proposals under items (b) to (e) were conditional upon each other and did not receive the qualified majority of nine tenths of both the votes cast and the shares represented at the meeting required for a valid resolution and were therefore not adopted.

The Board considers that the ability to issue, repurchase and transfer Series C shares is the most cost-effective and appropriate way to secure the Company’s obligations relating to LTIP 2026-2029. The Board therefore presents the proposals again under items (a) to (d) below (corresponding to previous items (b) through (e)).

For further information about LTIP 2026-2029, please refer to the notice of the 2026 Annual General Meeting, which is available on the Company’s website.

(a) Amendments to the Articles of Association

In order to enable the delivery of performance shares under LTIP 2026-2029, the Board of Directors proposes that the Extraordinary General Meeting resolves to amend § 4 of the Articles of Association by introducing a new series of shares, Series C shares, as set out below.

§ 4 Share Capital and Shares

The full text of the proposed articles of association is available on the Company’s website.

A resolution under this item is conditional upon the meeting also resolving to approve the Board’s proposals under items (b) to (d) below.

(b) Authorisation for the Board of Directors to resolve on a directed issue of Series C shares

In order to ensure that the Company can fulfil its obligations under LTIP 2026-2029, the Board proposes that the meeting resolve to authorise the Board, on one or more occasions until the next Annual General Meeting, to resolve on a directed issue of no more than 710,000 series C shares to a bank or financial institution, with deviation from the shareholders’ preferential rights. The subscription price shall correspond to the quota value of the share.

A resolution under this item is conditional upon the Extraordinary General Meeting also resolving to approve the Board of Directors’ proposal for LTIP 2026-2029, in accordance with the provisions under item (a) above and items (c) and (d) below.

(c) Authorisation for the Board to repurchase own Series C shares

To ensure that the Company holds the shares in treasury for subsequent conversion and delivery under LTIP 2026-2029, the Board of Directors proposes that the Extraordinary General Meeting resolves to authorise the Board of Directors to, on one or several occasions until the next Annual General Meeting, resolve on the repurchase of all issued Series C shares from the subscribing bank or financial institution at a price per share corresponding to the quota value of the share. The payment for the repurchased shares shall be made in cash. Such repurchase may only be effected through a public offer directed to all holders of Series C shares and shall comprise all outstanding Series C shares at the time.

A resolution under this item is conditional upon the Extraordinary General Meeting also resolving to approve the Board of Directors’ proposal for LTIP 2026-2029, in accordance with the provisions under items (a) and (b) above and item (d) below.

(d) Authorisation for the Board of Directors to transfer own Series B shares to the participants of LTIP 2026-2029

In order to enable the share delivery under LTIP 2026-2029, the Board of Directors proposes that the Extraordinary General Meeting resolve on the transfer of no more than 710,000 Series B shares to participants of LTIP 2026-2029, following the conversion of Series C shares into Series B shares in accordance with the Articles of Association. The transfer shall be made free of charge, in accordance with the timing and terms of LTIP 2026-2029.

A resolution under this item is conditional upon the Extraordinary General Meeting also resolving to approve the Board of Directors’ proposal for LTIP 2026-2029, in accordance with the provisions under items (a) to (c) above.

MISCELLANEOUS

Special majority requirements

For a valid resolution by the Extraordinary General Meeting in accordance with the Board of Directors’ proposal as set out under items 11 (a) through (c) above, the resolution must be supported by shareholders representing at least two thirds (2/3) of both the votes cast and the shares represented at the Extraordinary General Meeting.

For a valid resolution by the Extraordinary General Meeting in accordance with the Board of Directors’ proposal as set out under item 11 (d) above, the resolution must be supported by shareholders representing at least nine tenths (9/10) of both the votes cast and the shares represented at the Extraordinary General Meeting.

Number of shares and votes

As per the date of this notice, the total number of outstanding shares in the Company is 70,574,895, of which 1,500,000 are shares of series A, that entitle to ten (10) votes per share, and 69,074,895 are shares of series B, that entitle to one (1) vote per share at the Extraordinary General Meeting. The Company does not hold any treasury shares.

Documentation

Supporting documentation for resolutions is available at the Company’s office at BICO Group AB (publ), Grafiska vägen 2B, SE-412 63 Gothenburg, Sweden and at the Company’s website, www.bico.com, no later than three weeks before the Extraordinary General Meeting. Moreover, the Nomination Committee’s motivated statement is available at the Company’s above address, as well as at www.bico.com, from the date of this notice. Copies of the documents will be sent to shareholders who so request and who inform the Company of their postal address.

Shareholders’ right to obtain information

Shareholders are reminded of their right to, at the Extraordinary General Meeting, obtain information from the Board of Directors and CEO in accordance with Chapter 7 Sections 32 and 57 of the Swedish Companies Act. Shareholders who wish to submit questions in advance may do so by sending post to BICO Group AB (publ), EGM 2026, Grafiska vägen 2B, SE-412 63 Gothenburg, Sweden or via e-mail to ir@bico.com.

Processing of personal data

For information about how your personal data is processed, please refer to the privacy notice available on Euroclear Sweden AB’s website: https://www.euroclear.com/dam/ESw/Legal/Privacy-notice-bolagsstammor-engelska.pdf.

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Gothenburg in November 2026
BICO Group AB (publ)
The Board of Directors