Eco Wave Power Global AB (publ)

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995 and other Federal securities laws. For example, the Company is using forward-looking statements in this press release when it discusses its belief that maintaining access to institutional capital and public equity markets is an important component of its strategy; the potential commercial-scale wave energy installation of up to 60 MW at the Port of Los Angeles, including the expected preparation and submission of an initial presentation to the Port of Los Angeles and the belief that progressing from a completed pilot toward such an installation represents an important opportunity; its belief that California’s continued assessment of marine renewable energy provides an encouraging foundation for potential future commercial deployments; its belief that Rhode Island and other suitable U.S. coastal markets could represent potential future opportunities; its aim to commence construction of its planned 1 MW wave energy installation in Portugal during 2027, the requested extension of the project’s grid-connection deadline and the belief that its preparatory milestones will support deployment of its first megawatt-scale project; the expected receipt of the remaining approvals required to commence installation at Suao Port, Taiwan, and the belief that the project could establish an important platform for future growth in the Asia-Pacific region; the expected completion of the BPCL site assessment within four months of the purchase order’s issuance and the belief that successful completion of the assessment could provide a foundation for further decisions regarding the planned pilot installation and potential future commercial-scale deployments in India; the roadmap for potential subsequent phases of its AI-powered Digital Twin program and the belief that the Digital Twin and related AI capabilities could contribute to improved engineering decisions, design optimization, predictive maintenance, forecasting and more efficient deployment of larger commercial installations; the potential assistance of NVIDIA Networking should the proposed research initiative receive funding; its discussions with data-center developers and infrastructure partners regarding potential wave energy integration into future coastal and nearshore data-center projects, its development of technologies intended to support secure connections and trusted measurement, verification and settlement of electricity supplied, and its belief that wave energy could supply renewable electricity to AI and data-center infrastructure; and its belief that the combination of improving financial performance, commercial progress and increasingly intelligent technology positions it for long-term growth. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will”, or variations of such words, and similar references to future periods. These forward-looking statements and their implications are neither historical facts nor assurances of future performance and are based on the current expectations of the management of Eco Wave Power and are subject to a number of factors, uncertainties and changes in circumstances that are difficult to predict and may be outside of Eco Wave Power’s control that could cause actual results to differ materially from those described in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Except as otherwise required by law, Eco Wave Power undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting Eco Wave Power is contained under the heading “Risk Factors” in Eco Wave Power’s Annual Report on Form 20-F for the fiscal year ended December 31, 2025 filed with the SEC on March 12, 2026, which is available on the SEC’s website, www.sec.gov, and other documents filed or furnished to the SEC. Any forward-looking statement made in this press release speaks only as of the date hereof. References and links to websites have been provided as a convenience and the information contained on such websites is not incorporated by reference into this press release.