# EDGAR Filing Document

**Accession Number:** 0002003292
**File Stem:** 0001104659-25-111849
**Filing Date:** 2025-11
**Character Count:** 12922
**Document Hash:** bcc0c20e0caaa1c1e607375fe7cd7be8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-111849.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0001104659-25-111849

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20251114

**DATE AS OF CHANGE**: 20251114

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Klarna Group plc
- **CENTRAL INDEX KEY:** 0002003292
- **STANDARD INDUSTRIAL CLASSIFICATION:** FINANCE SERVICES [6199]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 000000000
- **STATE OF INCORPORATION:** X0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-95321
- **FILM NUMBER:** 251480970

**BUSINESS ADDRESS:**
- **STREET 1:** 10 YORK ROAD
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** SE1 7ND
- **BUSINESS PHONE:** 0046734205795

**MAIL ADDRESS:**
- **STREET 1:** 10 YORK ROAD
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** SE1 7ND

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Klarna UK II plc
- **DATE OF NAME CHANGE:** 20231205
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Heartland A/S
- **CENTRAL INDEX KEY:** 0002090555

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** G7
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** STORE TORV 1 3
- **CITY:** AARHUS C
- **PROVINCE COUNTRY:** G7
- **ZIP:** 8000
- **BUSINESS PHONE:** 004599423137

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** STORE TORV 1 3
- **CITY:** AARHUS C
- **PROVINCE COUNTRY:** G7
- **ZIP:** 8000

## Exhibit 99.1

**Exhibit 99.1**

RULE 13d-1(k)(1) AGREEMENT

The undersigned persons, on November 14, 2025, agree and consent to the joint filing on their behalf of this Schedule 13G in connection with their beneficial ownership of the ordinary shares of Klarna Group plc.

---

| | |
|:---|:---|
| **Heartland A/S** | **Heartland A/S** |
| By | /s/ Lise Kaae |
|  | Lise Kaae |
| **Aktieselskabet af 20.3.2020** | **Aktieselskabet af 20.3.2020** |
| By | /s/ Lise Kaae |
|  | Lise Kaae |
| **Anders Holch Povlsen** | **Anders Holch Povlsen** |
| By | /s/ Anders Holch Povlsen |
|  | Anders Holch Povlsen |

---

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**Issuer:** Klarna Group plc

**Title of Class of Securities:** Ordinary Shares

**CUSIP Number:** G5279N105

**Date of Event Which Requires Filing of this Statement:** 09/30/2025

**Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

- [ ] Rule 13d-1(b)

- [ ] Rule 13d-1(c)

- [x] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>Heartland A/S | Names of Reporting Persons<br>Heartland A/S |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>G7 | Citizenship or Place of Organization<br>G7 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>29652586.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>29652586.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>29652586.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>29652586.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>7.86% | Percent of Class Represented by Amount in Row (9)<br>7.86% |
| 12. | Type of Reporting Person (See Instructions)<br>CO | Type of Reporting Person (See Instructions)<br>CO |

**Comment for Type of Reporting Person:** Row 6, 8 and 9: This Schedule 13G is filed by Heartland A/S, Aktieselskabet af 20.3.2020 and Anders Holch (together, the "Reporting Persons"). The securities reported in this Schedule 13G are directly held by Aktieselskabet af 20.3.2020. Heartland A/S and Mr. Povlsen may be deemed to have voting and dispositive power with respect to the securities.

Row 11: The reported percentage is calculated based on 377,489,269 Ordinary Shares outstanding as of November 4, 2025, based on information provided by the Issuer.

---

| 1. | Names of Reporting Persons<br>Aktieselskabet af 20.3.2020 | Names of Reporting Persons<br>Aktieselskabet af 20.3.2020 |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>G7 | Citizenship or Place of Organization<br>G7 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>29652586.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>29652586.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>29652586.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>29652586.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>7.86% | Percent of Class Represented by Amount in Row (9)<br>7.86% |
| 12. | Type of Reporting Person (See Instructions)<br>CO | Type of Reporting Person (See Instructions)<br>CO |

**Comment for Type of Reporting Person:** Row 6, 8 and 9: This Schedule 13G is filed by the Reporting Persons. The securities reported in this Schedule 13G are directly held by Aktieselskabet af 20.3.2020. Heartland A/S and Mr. Povlsen may be deemed to have voting and dispositive power with respect to the securities.

Row 11: The reported percentage is calculated based on 377,489,269 Ordinary Shares outstanding as of November 4, 2025, based on information provided by the Issuer.

---

| 1. | Names of Reporting Persons<br>Anders Holch Povlsen | Names of Reporting Persons<br>Anders Holch Povlsen |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>G7 | Citizenship or Place of Organization<br>G7 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>29652586.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>29652586.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>29652586.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>29652586.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>7.86% | Percent of Class Represented by Amount in Row (9)<br>7.86% |
| 12. | Type of Reporting Person (See Instructions)<br>IN | Type of Reporting Person (See Instructions)<br>IN |

**Comment for Type of Reporting Person:** Row 6, 8 and 9: This Schedule 13G is filed by the Reporting Persons. The securities reported in this Schedule 13G are directly held by Aktieselskabet af 20.3.2020. Heartland A/S and Mr. Povlsen may be deemed to have voting and dispositive power with respect to the securities.

Row 11: The reported percentage is calculated based on 377,489,269 Ordinary Shares outstanding as of November 4, 2025, based on information provided by the Issuer.

---

**Item 1(a). Name of Issuer:**
Klarna Group plc

**Item 1(b). Address of Issuer's Principal Executive Offices:**
10 York Road, London, United Kingdom, SE1 7ND

**Item 2(a). Name of Person Filing:**
Heartland A/S
Aktieselskabet af 20.3.2020
Anders Holch Povlsen

**Item 2(b). Address of Principal Business Office:**
The address of the principal business office of the Reporting Persons is Store Torv 1 3, Aarhus C, 8000, Denmark.

**Item 2(c). Citizenship:**
The citizenship of each of the Reporting Persons is Denmark.

**Item 2(d). Title of Class of Securities:**
Ordinary Shares

**Item 2(e). CUSIP Number:**
G5279N105

**Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [ ] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f) [ ] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g) [ ] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), if filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

(k) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

**Item 4. Ownership:**

**(a) Amount beneficially owned:**

See Row 9 of the cover page for each Reporting Person.

**(b) Percent of class:**

See Row 11 of the cover page for each Reporting Person.

**(c) Number of shares as to which the person has:**

**(i) Sole power to vote or to direct the vote:**

See Row 5 of the cover page for each Reporting Person.

**(ii) Shared power to vote or to direct the vote:**

See Row 6 of the cover page for each Reporting Person.

**(iii) Sole power to dispose or to direct the disposition of:**

See Row 7 of the cover page for each Reporting Person.

**(iv) Shared power to dispose or to direct the disposition of:**

See Row 8 of the cover page for each Reporting Person.

**Item 5. Ownership of Five Percent or Less of a Class.**

[x] If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

Not Applicable

**Item 7. Identification and Classification of the Subsidiary**

Not Applicable

**Item 8. Identification and Classification of Members of the Group**

Not Applicable

**Item 9. Notice of Dissolution of Group**

Not Applicable

**Item 10. Certification:**

—

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Heartland A/S**

**Date:** 11/14/2025

**By:** /s/ Lise Kaae

**Name & Title:** Lise Kaae/Chief Executive Officer and Managing Director

**Aktieselskabet af 20.3.2020**

**Date:** 11/14/2025

**By:** /s/ Lise Kaae

**Name & Title:** Lise Kaae/Chairman of the Board of Directors

**Anders Holch Povlsen**

**Date:** 11/14/2025

**By:** /s/ Anders Holch Povlsen

**Name & Title:** Anders Holch Povlsen