SCHEDULE 13G/A

OATLY GROUP AB

Ordinary shares, par value $0.00018 (SEK 0.0015) per share · CUSIP: 67421J207

Event date: 2025-03-31

Reporting persons may disclose overlapping interests. Their amounts are shown individually and are not added into a filing total.

Filing-level shares

Unavailable

Percent of class

Unavailable

• BXG Redhawk S.a r.l.

  Shares: 57,408,592 · Class: 9.3%

• BXG SPV ESC (CYM) L.P.

  Shares: 547,113 · Class: 0.1%

• BXG Redhawk Holdings (CYM) L.P.

  Shares: 57,408,592 · Class: 9.3%

• BXG Holdings Manager L.L.C.

  Shares: 57,408,592 · Class: 9.3%

• Blackstone Growth Associates L.P.

  Shares: 57,408,592 · Class: 9.3%

• BXGA L.L.C.

  Shares: 57,408,592 · Class: 9.3%

• BXG Side-by-Side GP L.L.C.

  Shares: 547,113 · Class: 0.1%

• Blackstone Holdings II L.P.

  Shares: 57,955,706 · Class: 9.4%

• Blackstone Holdings I/II GP L.L.C.

  Shares: 57,955,706 · Class: 9.4%

• Blackstone Inc.

  Shares: 57,955,706 · Class: 9.4%

• Blackstone Group Management L.L.C.

  Shares: 57,955,706 · Class: 9.4%

• Stephen A. Schwarzman

  Shares: 57,955,706 · Class: 9.4%

Amounts are as disclosed in this filing. Schedule type alone does not establish investment intent.