NWG // SUSTAINABILITY STATEMENT
The procedures in a limited assurance engagement vary in nature and timing from, and are less in extent than for, a reasonable assurance engagement. Consequently, the level of assurance obtained in a limited assurance engagement is substantially lower than the assurance that would have been obtained had a reasonable assurance engagement been performed. This means that it is not possible for us to obtain such assurance that we become aware of all significant matters that could have been identified if a reasonable assurance engagement had been performed.
Our firm applies ISQM 1( International Standard on Quality Management), which requires the firm to design, implement and operate a system of quality management, including policies and procedures regarding compliance with ethical requirements, professional standards, and applicable legal and regulatory requirement.
We are independent of New Wave Group AB( publ) in accordance with professional ethics for auditor’ s in Sweden and have otherwise fulfilled our ethical responsibilities in accordance with these requirements.
A limited assurance engagement involves performing procedures to obtain evidence to support the sustainability statement. The auditor selects the procedures to be performed, including assessing the risks of material misstatements in the sustainability statement, whether due to fraud or error. In this risk assessment, the auditor considers the parts of the internal control that are relevant to how the Board of Directors and the Chief Executive Officer prepare the sustainability statement, in order to design procedures that are appropriate under the circumstances, but not for the purpose of providing a conclusion on the effectiveness of the entity ' s internal control. The review consists of making inquiries, primarily of persons responsible for the preparation of the sustainability statement, performing analytical review, and conducting other limited review procedures.
Our review procedures concerning the entity’ s process for identifying sustainability information to be reported included, but were not limited to:
# Obtained an understanding of the process by:
# Performing inquiries to understand the sources of the information used by management, and
# Reviewing the entity ' s internal documentation of its process
# Evaluated whether the evidence obtained from our procedures about the process implemented by the entity is consistent with the description of the process set out on page 50 in the sustainability statement.
The review procedures with respect to the sustainability statement included but were not limited to the following:
# Evaluate whether information identified to be material by the entity ´ s the process for identifying sustainability information reported, is included in the sustainability statement
# Evaluate whether the structure and the presentation of the sustainability statement is in accordance with the requirements in ESRS
# Perform inquiries of relevant personnel and analytical procedures on selected disclosures in the sustainability statement
# Perform substantive assurance procedures on a sample basis on selected disclosures in the sustainability statement
# Perform inquiries and analytical procedures to evaluate whether the methods, data and significant assumptions used to make estimates in the sustainability statement are appropriate and applied consistently
The review procedures with respect to the EU Taxonomy included but were not limited to the following:
# Obtain an understanding of the process to identify taxonomy-eligible and taxonomy-aligned economic activities and the corresponding disclosures in the sustainability statement
# Evaluate whether the activities within the EU Taxonomy are consistent to the financial statements and related notes
# Evaluate processes, documentation and assessment of eligibility and alignment with the economic activities and technical screening criteria within the EU Taxonomy
# Evaluate whether the reporting is in accordance with the requirements in EU Taxonomy
Inherent limitations
In reporting forward-looking information in accordance with ESRS, the Board of Directors and the Chief Executive Officer for New Wave Group AB( publ) are required to prepare the forward-looking information on the basis of disclosed assumptions about events that may occur in the future and possible future actions by the entity. The actual outcome is likely to be different since anticipated events frequently do not occur as expected.
Gothenburg 1st of April 2026
Deloitte AB
Didrik Roos Authorized accountant
# By inquiries obtain an understanding of the entity ' s control environment, reporting processes, and information systems relevant to the preparation of its sustainability statement
ANNUAL REPORT // 167