Oatly Group AB (NASDAQ:OTLY) ("Oatly" or the "Company"), the world's original and largest oat drink company, today announced that it plans to change the ratio of its American Depositary Receipts ("ADRs") to ordinary shares from one ADR representing one ordinary share to one ADR representing twenty ordinary shares.

This ratio change will have the same effect as a one-for-twenty reverse ADR split for Oatly's ADR holders. There will be no change to Oatly's underlying ordinary shares, and no ordinary shares will be issued or cancelled in connection with this ratio change. The effect of the ratio change on the ADR trading price on the Nasdaq Global Select Market is expected to take place at the opening of business on February 18, 2025. Following the ratio change, Oatly's ADRs will continue to be traded on the Nasdaq Global Select Market under the ticker symbol "OTLY."