CONTINUED STRONG SALES GROWTH +20% (PROFORMA) WITH IMPROVED NET MARGINALS

SECOND QUARTER APRIL 1 – JUNE 30, 2022, GROUP

• Net sales for the period amounted to SEK 73,818 thousand (SEK 72,254 thousand), which corresponds to an increase of 126%.

• Gross profit (Agency income) increased by 208% to SEK 20,536 thousand (SEK 6,671 thousand)

• Operating profit before depreciation EBITDA increased to SEK 1,811 thousand (SEK 818 thousand)

• EBITDA margin for the period increased to 3,3% (2,0%)

• Profit after net financial items for the period amounted to SEK 1,252 thousand (SEK 1,127 thousand)

• Net earnings per share after tax amounted to SEK 0,01 (SEK 0,03)

• Equity as of June 30, 2022 amounted to SEK 49,358 thousand (SEK 58,341 thousand)

• Cash and cash equivalents as of June 30, 2022 amounted to SEK 17,286 thousand (SEK 17,558 thousand)

FOR THE PERIOD 1 JAN – 30 JUNE 2022, THE GROUP

• Net sales for the period amounted to SEK 73,818 thousand (SEK 72,254 thousand), which corresponds to an increase of 128%.

• Gross profit (agency income) increased by 154% to SEK 35,286 thousand (SEK 13,891 thousand)

• Operating profit before depreciation EBITDA increased to SEK 5,316 thousand (SEK 3,999 thousand)

• EBITDA margin for the period increased to 2,4% (2,2%)

• Profit after net financial items for the period amounted to SEK 550 thousand (SEK 1,127 thousand)

• Net earnings per share after tax amounted to SEK 0,03 (SEK 0,05)

• Cash flow from operating activities amounted to SEK 9 thousand (- SEK 620 thousand)

*Compared with the corresponding period last year.

PROFORMA 1 APRIL – 30 JUNE 2022, THE GROUP*

• Total net sales for the individual companies increased by 20% to SEK 97 million during the period (SEK 80,7 million)

• The total EBITDA result for the individual companies in the group during the period amounted to SEK 6,389 thousand (SEK 3,811 thousand), which gives an EBITDA margin of 6,7% (4,7%)

• The total EBITDA result for the individual companies in the group adjusted for minority interests amounted to SEK 1,973 thousand (SEK 2,190 thousand) during the period.

• EBITDA margin before minority adjustments decreased to 3,4% (4,7%)

PROFORMA 1 JAN – 30 JUNE 2022, THE GROUP*

• Total net sales for the individual companies increased by 27% to SEK 181,5 million during the period (SEK 143,3 million)

• The total EBITDA result for the individual companies in the group during the period amounted to SEK 6,389 thousand (SEK 3,811 thousand), which gives an EBITDA margin of 5,9% (3,1%)

• The total EBITDA result for the individual companies in the group adjusted for minority interests amounted to SEK 1,973 thousand (SEK 2,190 thousand) during the period.

• EBITDA margin before minority adjustments decreased to 2,9% (3,1%)

* Refers to a comparison of the individual companies in the group for the full year without eliminations for intra-group transactions or adjustments for minority ownership. See summary on pages 9-10.

IMPORTANT EVENTS APRIL 1 – JUNE 30, 2022

THINC JETTY COLLECTIVE HAS FORMED WEBSEARCH SVERIGE AB – A JOINT VENTURE WITH FAIR ENTERPRISE NETWORK SWEDEN AB IN WEB, APP AND TECHNOLOGY

Thinc Jetty Collective AB (publ) (“Thinc” or the “Company”) announces that the Company has today completed the formation of a new company Websearch Sweden Ltd.Websearch" together with Fair Enterprise Network Sweden AB "Fairenterprise" which was announced in a press release on March 23, 2022. Thinc has made an investment equivalent to SEK 540 thousand for 20% in the new company and the proceeds have been used by Websearch to acquire Fairenterprise's web and technology operations together with existing customer and supplier agreements that had a turnover of approximately SEK 4 million with profit before tax of approximately SEK 0,6 million in the 2020/21 financial year.

CONTEXT MEDIA SIGNS AGREEMENT WITH FOOD PRODUCER

Thinc company Context Media has signed an agreement with one of Sweden's leading producers of plant-based foods. The agreement includes media strategy and media brokerage for the Swedish market and is estimated to have an impact on sales by up to 3–7% of Context Media's turnover in 2022.We are very pleased that we have been entrusted with this new assignment. Together with how the year has started for our existing customers, this makes us look very positively towards 2022.” says Peter Westman, CEO of Context Media.

THINC JETTY COLLECTIVE – INCREASES OWNERSHIP IN SUBSIDIARY TIGERTON AB TO 70%

Thinc Jetty Collective AB (publ) (Thinc or the Company) announces that the Company has today entered into a share transfer agreement regarding 19% of the shares in Tigerton AB. After the transaction, Thinc's ownership in Tigerton AB amounts to 70%. The deal is made with the founders and also partners in Tigerton AB – Markus Axelsson and Tony Svensson. The takeover will take place as of June 1, 2022, but due to the so-called Leo Act, a decision with a 90% majority at an extraordinary general meeting in Thinc is planned for the fall of 2022.

THINC JETTY COLLECTIVE – CHAIRMAN, MEMBERS AND COO EXERCISE STOCK OPTIONS TO PURCHASE SHARES

Thinc Jetty Collective's Chairman of the Board Hans Jacobsson, members Stefan Winström and Gabriele Helmer, and COO Thomas Lindström have executed a previously issued call option in 2019 and purchased a total of 10,201,803 shares from founder Rune Nordström.

CONTEXT MEDIA AB WINS CONTRACT – THE ASSIGNMENT IS VALUED AT 45 MSEK OVER THREE YEARS

The Thinc company Context Media has signed an agreement with a customer in the transport sector for media agency assignments. The agreement includes media strategy and media brokerage and runs for three years with the possibility of an additional 36 option months. The agreement is estimated to be worth SEK 45 million over three years with the estimated ceiling volume being SEK 60 million. The customer does not guarantee any volumes. The agreement will be signed when the contract freeze according to the Swedish Administrative Court Act has ended or 10 days from the date that the general administrative court, if it has made an interim decision, has overturned that decision.We are very pleased to be entrusted with this new assignment. Together with how the year has started for our existing customers, this makes us look very positively towards 2022..” says Anders Wallqvist, Chairman of Context Media and CEO of Thinc Jetty Collective.

THE CEO HAS SPEAKED

Improved margins and high growth characterize Q2 2022

With pandemic restrictions now completely lifted, the last part of our industry; events, has also taken off and we see a thriving and prosperous group continuing to grow with a focus on consolidation during the last quarter.

Consolidation has been important because high growth and several acquisitions in 2021 and Q1 2022 required time and energy to land and become a clear and secure part of the whole. The business otherwise continues to prove its existence as a group by continuously improving internal work and increasing turnover.

In addition to the onboarding of our previously completed acquisitions, we have made a new investment in Websearch Sweden and increased our ownership stake in the web agency Tigerton to 70%. With Websearch We are strengthening our offering in web, app and technology development, which is in line with our long-term strategy for the Group. I am convinced that these investments will give us very good returns in the coming years.

Steady order intake

In an increasingly turbulent Europe, with energy crises, inflation, heat waves and the threat of war, the Group notes that the diversified customer base and the many different service areas create a calm in the business. Our order intake is still stable and very little affected by the outside world at large. With our clear focus on creating business benefit, we see opportunities to take market share when customers in a downturn historically review the ROI (return on investment) they get on their investments. Our capabilities and offering thus become even more relevant. However, we are of course following developments carefully and are prepared to take action if and when we need to.

Economy in brief

I would like to highlight June with a few lines because June is normally a month with lower turnover than, for example, April and May. However, June shows a fantastic growth of +73% for the operating companies. As many as 4 companies show +100% growth. Even in comparison with the “Covid year” 2021, it is a strong performance. It is particularly fun with the company Prodekor which, with an increase of 237%, confirms that the event industry is back.

The quarter

With the fine month of June, we will have growth in the operating companies of approximately 20% pro forma compared to the same period last year and growth of a full 27% accumulated in 2022. During the second quarter, we have also strengthened our EBITDA margin in the operating companies to 6,7% (4,7%) pro forma, which gives an EBITDA margin accumulated for the half year of 5,9% (3,1%) pro forma. In SEK, turnover for the quarter will therefore be 96 million SEK compared to 80 million SEK last year, and EBITDA 6,4 million SEK compared to 3,8 million SEK last year.

This means that with strong growth, which normally comes at a cost in the form of lower margins, we are overall largely at planned margin levels. Finally, we would like to commend our new additions Websearch which delivers a very good result. A very good addition to the group both in terms of competence and revenue!

Increased synergies

The movement towards working more clearly towards ComTech, i.e. the increased IT, technology and web-based part of the business, continues to create synergies within the Group and towards the Group's customers. More and more customers are now working with e-learning, search engine optimization, digital purchasing, integration between different systems and online sales and development strategies. I am convinced that this trend will only continue to increase and I feel that we are well positioned to exploit the opportunities provided within the ComTech area.

The customer base is broadened

That customers feel satisfied, continue to buy and develop their work within the group is essential for continued success. We are therefore pleased that more and more customers are choosing to develop their business with Thinc, such as new customer Ica Reklam, which previously let the group assist with customer magazine production and which has now signed a framework agreement for expanded services. This summer's Almedalen is also a sign of increased trust, where, among others, Alektum Group, which previously hired parts of the group for various tactical and operational projects, now let Thinc contribute with strategy and implementation for PR in Almedalen.

The rest of the year

We are working hard to identify and start dialogues with companies that can strengthen our Stockholm office or additional technology companies or specialist companies in the creative sector. With a fantastic first half of the year behind us, I am convinced that despite many concerns in our environment, we can deliver on our long-term growth goals and approach the profitability targets we have set. Our exciting journey has just begun and I hope that you, as a customer, shareholder, entrepreneur or employee in one of our companies, want to be on board!

Anders Wallqvist, CEO Gothenburg in August 2022