Stockholm/Helsinki/Copenhagen/Reykjavik, December 16, 2022 - Nasdaq (Nasdaq: NDAQ) reports that the annual review of its Nordic market capitalization (market cap) segments is completed. The revision is based on the average market cap value in November 2022. Together with indexes and sector classifications, the market cap segmentation is a tool to increase visibility for companies listed on Nasdaq's exchanges in Stockholm, Helsinki, Copenhagen and Iceland. Effective January 2, 2023, the following 41 companies will change segment: 21 companies will change to a larger segment, while 20 companies will change to a smaller segment. Name Current Segment New Segment Exchange ----------------------------------------------------------------------------- International Petroleum Corporation Mid Cap Large Cap STOCKHOLM Lundin Gold Inc. Mid Cap Large Cap STOCKHOLM Arctic Paper S.A. Small Cap Mid Cap STOCKHOLM KABE Group AB ser. B Small Cap Mid Cap STOCKHOLM Net Insight AB ser. B Small Cap Mid Cap STOCKHOLM New Wave Group AB ser. B Mid Cap Large Cap STOCKHOLM Midsona AB ser. A Mid Cap Small Cap STOCKHOLM Midsona AB ser. B Mid Cap Small Cap STOCKHOLM Vivesto AB Mid Cap Small Cap STOCKHOLM Orexo AB Mid Cap Small Cap STOCKHOLM Diös Fastigheter AB Mid Cap Large Cap STOCKHOLM Arise AB Small Cap Mid Cap STOCKHOLM Ework Group AB Small Cap Mid Cap STOCKHOLM SAS AB Large Cap Mid Cap STOCKHOLM Ferronordic AB Mid Cap Small Cap STOCKHOLM Immunovia AB Mid Cap Small Cap STOCKHOLM Cantargia AB Mid Cap Small Cap STOCKHOLM Oncopeptides AB Mid Cap Small Cap STOCKHOLM Isofol Medical AB Mid Cap Small Cap STOCKHOLM Xspray Pharma AB Mid Cap Small Cap STOCKHOLM BioArctic AB ser. B Mid Cap Large Cap STOCKHOLM BHG Group AB Large Cap Mid Cap STOCKHOLM Q-Linea AB Mid Cap Small Cap STOCKHOLM BICO Group AB Large Cap Mid Cap STOCKHOLM Readly International AB Mid Cap Small Cap STOCKHOLM Pierce Group AB Mid Cap Small Cap STOCKHOLM Mildef Group AB Small Cap Mid Cap STOCKHOLM K-Fast Holding AB B Large Cap Mid Cap STOCKHOLM Addnode Group AB ser. B Mid Cap Large Cap STOCKHOLM Modern Times Group MTG AB ser. A Mid Cap Large Cap STOCKHOLM Modern Times Group MTG AB ser. B Mid Cap Large Cap STOCKHOLM Gaming Innovation Group Inc. Small Cap Mid Cap STOCKHOLM Brim hf. Mid Cap Large Cap ICELAND Origo hf. Small Cap Mid Cap ICELAND Síldarvinnslan hf. Mid Cap Large Cap ICELAND YIT Corporation Large Cap Mid Cap HELSINKI MT Højgaard Holding A/S Small Cap Mid Cap COPENHAGEN D/S Norden Mid Cap Large Cap COPENHAGEN Orphazyme A/S Mid Cap Small Cap COPENHAGEN TORM plc A Mid Cap Large Cap COPENHAGEN SAS AB Large Cap Mid Cap COPENHAGEN About the Market Cap Segments Companies belong to a market cap segment (Small-, Mid- and Large Cap) based on their average market value during the given review month. Each segment is reviewed annually based on the average market cap in November with adjustments taking effect in January the following year. The market cap calculations are based on the total number of shares, i.e., both listed and non-listed shares, of a company. Companies with a market value exceeding EUR 1 billion are in the group of "Large Cap", while companies with a market value between EUR 150 million and EUR 1 billion belong to the "Mid Cap" segment. Companies with a market value smaller than EUR 150 million belong to "Small Cap". 12-month transitional period Companies whose market cap has moved outside the reference values for their current classification are moved between segments according to the following rule: If their market cap is less than 50 percent of the minimum or more than 150 percent of the maximum threshold of their current segments they are transferred into a new segment with immediate effect. On the other hand, if their market cap is greater than 50 percent of the minimum or less than 150 percent of the maximum threshold of their current segment, they are subject to a transitional period and thus one more review before transferring into a new segment. Hence, based on the EUR 1 billion Large Cap and EUR 150 million Mid Cap thresholds, a Large Cap company whose market cap value has not fallen below EUR 500 million, and a Mid-cap company whose market cap value has not fallen below EUR 75 million, are subject to a second review before moving down to the new segment. Similarly, a Mid Cap company whose market cap value has not exceeded EUR 1.5 billion and a Small-cap company whose market cap value has not exceeded EUR 225 million, are subject to a second review before moving up to the new segment. About Nasdaq Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital markets and other industries. Our diverse offering of data, analytics, software and services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com. Nasdaq Media Contact Erik Gruvfors +46 73 449 78 12 erik.gruvfors@nasdaq.com
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