Evolution Completes Purchase of 778,000 Shares within Its Buyback Program

By Gonzalo Marín, Industry Operations Correspondent.

BLUF: Evolution AB (publ) purchased 778,000 of its own shares between September 14 and 18, 2026, as part of the buyback program approved by its board on May 18, 2026. The trades were executed by Citibank on Nasdaq Stockholm, and following these purchases, Evolution's treasury stock now totals 15,991,100 of 199,226,613 shares.

Details of the Purchases within the Evolution Buyback Program

Evolution AB (publ) (“Evolution”) stated that during the period from September 14, 2026 – September 18, 2026, it acquired a total of 778,000 of its own shares under the buyback program approved by the board of directors. The program was announced on May 18, 2026, and is implemented in accordance with the EU Regulation on Market Abuse No. 596/2014 ("MAR") and the Commission Delegated Regulation No. 2016/1052 ("Safe Harbour Regulation").

All acquisitions indicated below were made on Nasdaq Stockholm on behalf of Evolution and were executed by Citibank, which independently makes decisions regarding the timing of the purchases.

Date | Daily Aggregate Volume (number of shares) | Average Price per Day (SEK) | Daily Transaction Value (SEK)

• 2026-09-14 — 165,000 — 891.7912 — 147,145,548.00

• 2026-09-15 — 160,000 — 891.6456 — 142,663,296.00

• 2026-09-16 — 153,000 — 896.0722 — 137,099,046.60

• 2026-09-17 — 150,000 — 907.0869 — 136,063,035.00

• 2026-09-18 — 150,000 — 883.1278 — 132,469,170.00

Program Context and Limits Set by Evolution

The buyback program aims to optimize Evolution's capital structure by reducing the share capital and, consequently, generate value for shareholders. From May 19, 2026, to September 18, 2026, including the aforementioned acquisitions, Evolution has bought a total of 15,991,100 shares under the program. The maximum anticipated by the program is the acquisition of 19,922,661 shares in total.

Following the purchases on September 18, 2026, Evolution's treasury stock position totals 15,991,100, and the total number of shares outstanding in the company is 199,226,613.

Who Executed the Trades and Regulatory Responsibilities

Citibank executed the purchases on Nasdaq Stockholm on behalf of Evolution and acted autonomously in the timing of the transactions. Evolution notes that the transactions were carried out in compliance with MAR and the Safe Harbour Regulation.

The company also reminds about its licenses and operational scope: Evolution AB (publ) develops, produces, markets, and licenses integrated B2B online casino solutions and has served 870 client operators since its inception in 2006. The group employs approximately 22,900 people across offices in Europe, Asia, North America, and South America. The parent company is headquartered in Sweden and is listed on Nasdaq Stockholm under the ticker EVO. Evolution is authorized and regulated by the Malta Gaming Authority under license MGA/B2B/187/2010 and also holds licenses in jurisdictions such as the United Kingdom, Belgium, Canada, Romania, and South Africa.

Market Implications and Next Steps

The reshaping of capital through share repurchases reduces the number of shares outstanding and may affect financial metrics per share. Evolution has not announced any additional modifications to the program or new deadlines; it maintains the maximum cap on shares that can be acquired and regulatory oversight in accordance with applicable European regulations.

For investor contact, Evolution provided the name of Joakim Andersson, Chief Financial Officer, and the email address [email protected]. This information was sent for publication by the contact person on September 21, 2026, at 08:00 CEST.

What Investors and Analysts Should Monitor

• the evolution of the number of treasury shares against the maximum of the program (19,922,661),

• the cumulative figure from the start of the program until September 18, 2026 (15,991,100 shares),

• the independent execution by Citibank and compliance with MAR and the Safe Harbour Regulation.

Operational References and Profile of Evolution

Evolution reported it has ~22,900 employees and 870 operators among its clients since its founding in 2006. The company operates globally and holds licenses in multiple jurisdictions; the main license mentioned in the release is from the Malta Gaming Authority, MGA/B2B/187/2010. For additional corporate information, Evolution refers to its corporate website and the investor contact indicated in the release.