Polestar Extends Geely Backed Term Facility To June 30 2027 And Raises Margin From 3% To 3.2% Under Amended Agreement

Geely Term Facility Agreement Amendment

On June 3, 2026, Polestar Automotive Holding UK PLC ("Polestar") and Geely Sweden Automotive Investment AB ("GSAI") entered into an amendment to the Term Facility Agreement, dated December 16, 2025 (the "Term Facility"), to extend the term of the Term Facility to June 30, 2027 and change the margin of the Term Facility from 3.0% to 3.2% with effect from the next Interest Period following the General Effective Date (as defined in the amendment) (the "Facility Amendment"). GSAI is a wholly-owned subsidiary of Geely Sweden Holdings AB, the parent company of Volvo Car AB (publ), and one of Polestar's affiliates. A copy of the Facility Amendment is attached hereto as Exhibit 99.1.