u-blox (UBXN) Investor Update summary

Board's rationale and valuation process

• Share price was negotiated using both internal and independent external sources, including a fairness opinion from IFBC, which aligned with the offer price.

• The Board concluded the offer represents a fair value based on all available input and long-term business plans.

• Board of Directors unanimously recommends shareholders accept the offer, supported by an independent fairness opinion.

• Both management and board believe the deal benefits shareholders, customers, and employees.

• No formal sales process was run; discussions were bilateral with Advent, though regular contact with industry peers was maintained.

Offer details and financial terms

• Public tender offer at CHF 135.00 per share in cash, representing a 53% premium to the 6-month average and 32% to the 60-day average share price until August 14, 2025.

• The offer values the target's equity at approximately CHF 1,050 million on a fully diluted basis.

• Acceptance threshold for the offer is set at two-thirds of shares, with the offer expected to close around August 27.

• Largest individual shareholder, holding about 9%, has committed to tender all shares.

• Management and board have committed to tender all their shares.

Regulatory process and requirements

• All appropriate regulatory processes will be followed, with no major risks anticipated.

• Offer is subject to customary terms, conditions, and regulatory approvals for this type of transaction.

• The offer will comply with Swiss law and certain U.S. securities law exemptions, with differences in procedures for U.S. holders.

• Completion of the transaction is subject to regulatory approvals and other customary conditions.

• Forward-looking statements are subject to risks and uncertainties; no assurance of deal completion.