2026 AGM

A calm setting is key to better informed decisions

Agenda in Brief

What: Ensuring Op Co Growth with Transformative Tech

Where: Grytsberg Säteri | 1 GrytsbergStjärnhov | SE

When: Wednesday May 27 - Friday May 29, 2026

Terrestrial plans to build an SMR Nuclear plant thanks to DOE

Earthgrid drills more efficiently using a plasma torch technology

100% recycled SuperWood is stronger, cheaper, & lighter than steel

Anduril is one of the emerging co’s with global government contracts

Wed May 27 - Friday May 29

Detailed Agenda

Wednesday | May 27, 2026

3:30pm | Sprinter Van picks up guests | Grand Hôtel Stockholm

5:30pm | Welcome reception at Grytsberg Säteri

6:00pm | Opening Dinner & Discussion

Thursday | May 28, 2026

8am - 9:30am | Breakfast

9:30am - Noon | Industry and Sector Roundtable

Noon - 1:30pm | Lunch

1:30pm - 4pm | Investment Review, Deal Updates, and Discussion

The rise of transformational technologies is reshaping entire industries, including your Op Co’s. We will focus on which emerging tech solutions can best improve Op Co performance. Below is a short-list of major initiatives that impact your Holdings.

1) AI & Energy | $670B for Datacenters in 2026 alone

Hyperscalers and the DOE are moving money into datacenters and new-build nuclear. The 2026 investment plans of 4 US companies (MSFT, Meta, Amazon, and Alphabet) to build out datacenters comes to $670B. This enormous outlay creates demand for all kinds of energy including new nuclear and enhanced geothermal. Advances in Material Sciences are creating new Fiber Optic cables, Semiconductor Chips, and novel materials that outperform current offerings in every way.

Holdings: Terrestrial Energy | Etched | Skeleton Tech | ChipX | Baseload

2) Heavy Industry & EU Regulations

Even as the US pulls out of the Paris Climate Agreement (again), Europe is moving forward with initiatives such as CBAM. As of Jan 1st, 2026, the greatest financial burden falls on Large-cap importers of products with high emissions (i.e. steel, cement, and aluminum). Industrials and Textiles are also required to pay for carbon offsets or adopt more sustainable practices. In the short term, these companies face an ‘adapt or pay’ scenario that increasingly pressures their bottom-lines. In the long term, however, these regulations will lead to efficiency gains and reduced emissions. Given the robust portfolio of proven Waste-to-Value, CCUS, and alternative energy technologies in this group, the growth potential is significant.

Holdings: Svante | Betolar | Baseload | SuperWood

3) Defense & ResilienceTech

According to the Council of the EU, Defense spending in 2025 reached €381B; a dramatic increase from just 5 years ago. By 2030, this figure is expected to be €800B, driven mainly by questionable US commitment to NATO, the threat of Putin’s war extending beyond Ukraine, and Middle East tensions. While US technology is indispensable, the EU is primarily focused on “Buying European” to reduce reliance on any foreign countries. European based companies known for innovative engineering and high-quality material sciences stand to gain.

Holdings: Anduril | TactoTek | Emberion | EarthGrid

4pm - 5pm | Tour of Grystberg & outdoor activities

5:30pm - 8pm | Drinks & Dinner

Friday | May 29, 2026

8am - 9:30am | Breakfast

9:30am - Noon | Deal updates & Announcements

12pm - 1pm | Farewell Lunch & Conclusion of the 2026 AGM