Biocartis Group NV

Major Shareholding Notification • Jan 4, 2023

FSMA MARKETS AUTHORITY	FINANCIAL SERVICES AND	Form TR-1 BE PARTI	Transparency notification
1) Status of the notification
	Final
2) Issuer
Name Identification number	BIOCARTIS 0505-640-808
3) Reason for the notification
	Acquisition or disposal of voting securities or voting rights
4) Notification by
	A parent undertaking or a controlling person
5) Persons subject to the notification requirement
	Name		Address (for legal entities)
	Heights Capital Management, Inc.		401 E City Ave, Bala Cynwyd, PA 19004 USA THE R&H TRUST CO. LTD, P.O. Box 897, Windward1, Regatta Office Park, West
	CVI Investments, Inc.		Bay Road, Grand Cayman, KY1 - 1103, Cayman Islands			X
	6) Persons that dispose of voting rights (only to be filled in if art. 7 of the Law applies)
	Name		Address (for legal entities)
	Please continue entering the information in part II concerning the
	persons referred to in Sections 5 and 6		Part II
7) Date on which the threshold is crossed
		05/12/2022 (DD/MM/YYYY)
8) Threshold that is crossed (in %)
	5
w	If the holding has fallen below the lowest threshold, you have the option of not entering any numbers in Section 10
9) Denominator
	92,061,563
o	Please enter the denominator before filling in the data
10) Notified details
A) Voting rights	Previous notification		After the transaction
	# of voting rights		# of voting rights Not linked to the	Linked to	% of voting rights Not linked to the
Holders of voting rights	$\mathbf 0$	Linked to securities	securities	securities	securities
Heights Capital Management CVI Investments, Inc.	4,818,207	$\,$ 0 $\,$ 4.558.432	$\mathfrak o$ $\mathbf 0$	$0.00\%$ 4.95%	$0.00\%$ $0.00\%$
Subtotal:	4,818,207 ---	4,558,432		4.95%

$\frac{1}{2} \frac{1}{2} \alpha^{-1} \frac{3}{2} \beta$

$\mathbb{Q}_q \cong \mathbb{Z} \times \mathbb{R}^d$

$\begin{array}{c} \mathbb{E}\left[\begin{array}{cc} \mathbb{E}{\mathcal{A}} & \mathbb{E}{\mathcal{A}} \ \mathbb{E}{\mathcal{A}} & \mathbb{E}{\mathcal{A}} \ \mathbb{E}{\mathcal{A}} & \mathbb{E}{\mathcal{A}} \end{array}\right] \ \mathbb{E}\left[\begin{array}{cc} \mathbb{E}{\mathcal{A}} & \mathbb{E}{\mathcal{A}} \ \mathbb{E}{\mathcal{A}} & \mathbb{E}{\mathcal{A}} \ \mathbb{E}{\mathcal{A}} & \mathbb{E}{\mathcal{A}} \end{array}\right] \end{array} \right. \end{array}$

Start with "groups" of holders. Add subtotals with $\sum$ , and then finish with the persons who are "alone".
For groups, start with the ultimate controlling natural person or legal entity.
The totals, subtotals and % will b

4,558,432

4.95%

$\mathbf{0}$

$0.00%$

TOTAL

O

$\tilde{b}$

Holders of equivalent Type of financial instrument Expiration date financial instruments TOTAL The totals will be updated once you have clicked on U) TOTAL (A & B) Heights Capital Management, Inc. controls CVI Investments, Inc. Heights Capital Management Inc. is not controlled will cease to hold / Holder will hold again	Exercise period or date CALCULATE $\Omega$	# of voting rights that may be acquired if the instrument is exercised $\pmb{0}$ # of voting rights 4,558,432	% of voting rights $0.00\%$ % of voting rights 4.95% voting rights as of	Settlement
				(DD/MM/YYYY)
11) Full chain of controlled undertakings through which the holding is effectively held, if applicable 12) In case of proxy voting for only one GM 13) Additional information CVI Investments Inc. is the investment management company that exercises the voting rights at its discretion in the absence of specific instructions
Done at Bala Cynwyd, PA, 19004 USA
21/12/2022 (DD/MM/YYYY) On
Name & capacity Ryan Quinn, Compliance	Signature

$\mathbb{R}^3$