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Annex to Group Notification by Mr. Ioannis Papalekas and Pallas Athene Domus Meriti Alapitvany - Type of understanding (Art der Absprache): Commitment of each party to Ultima Capital SA under certain effectiveness and/or conditions to use its reasonable best efforts, including by selling down its stake throughout the first nine months of 2025, to assist Ultima Capital SA in the achievement of a free float of 15%. Calcu-lation of number of shares underlying that commitment assumes that the overall transaction (see ad hoc announcement of Ultima Capital SA of December 2, 2024) is consummated as anticipated and takes into account other arrangements that will foreseeably lead to an in-crease of the free float. The positions notified in this group notification are not in addition to the positions notified by the parties individually. Further and outside of this group notification and for transparency purposes only, Alpine 2 SCSp, committed to use its reasonable best efforts to assist Ultima Capital SA in the achievement of a free float of 15% by selling at least 760,000 shares of Ultima Capital SA to one or more shareholders deemed as free float holders under the applicable regulations. In addition, subject to a certain effectiveness condition, one-sided undertaking of Alpine 2 SCSp to vote, and procure that its affiliates vote, in favor of the agenda items at the extraor-dinary shareholders' meeting of Ultima Capital SA scheduled to be held on 27 December 2024 with all shares held at the relevant time (for shares held by Alpine 2 SCSp, see separate dis-closure notification of Alpine 2 SCSp). A shareholders' agreement, which among other things would provide for voting obligations and put options of Alpine 2 SCSp for a maximum of 817,466 shares (corresponding to 13.78% of the current share capital of Ultima Capital SA), in each case subject to certain conditions, will not become effective before the completion of the overall transaction (see ad hoc an-nouncement of Ultima Capital SA dated December 2, 2024) and the completion of other steps and will only enter into force after the completion of the overall transaction and the completion of such other steps and would be notified at the relevant time subject to and following its be-coming effective.
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