Adler Group

Declaration of Voting Results & Voting Rights Announcements • Oct 30, 2024

ISIN LU1250154413 Country Luxemburg

ADLER Group S.A.

Adler Group S.A.: Release according to Article 11(6) of the Luxembourg Transparency Law with the objective of dissemination with the objective of Europe-wide distribution

Voting Rights Announcements | 30 October 2024 15:40

Adler Group S.A.

Adler Group S.A.: Release according to Article 11(6) of the Luxembourg Transparency Law with the objective of dissemination with the objective of Europe-wide distribution 30.10.2024 / 15:40 CET/CEST

Dissemination of a Voting Rights Announcement transmitted by EQS News - a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the CSSF) i

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii :

ADLER Group S.A. (E00000068)

2. Reason for the notification:

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation iv :

Name: Arini Capital Management Limited

City and country of registered office (if applicable): London, UK

4. Full name of shareholder(s) v :

• Arini Credit Master Fund Limited
• Arini Squarepoint Diversified Partners Fund 7 Limited

5. Date on which the threshold was crossed or reached vi :

15 October 2024

6. Total positions of person(s) subject to the notification obligation:

	% of voting rights attached to shares (total of 7.A)	% of voting rights through financial instruments (total of 7.B.1 + 7.B.2)	Total of both in % (7.A + 7.B)	Total number of voting rights vii of issuer
Resulting situation on the date on which threshold was crossed or reached	6.51 %	N/A	6.51 %	606,504,428
Position of previous notification (if applicable)				-

7. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii :

A: Voting rights attached to shares

Class/type of shares (ISIN code if possible)	Number of voting rights ix direct	Number of voting rights ix indirect	% of voting ix rights direct	% of voting ix rights indirect
LU2900363131		39,480,264		6.51 %

SUBTOTAL A	39,480,264	6.51 %
(Direct &
Indirect)

B.1: Financial Instruments according to Art. 12(1)(a) of the Transparency Law

converted	financial Conversion voting rights x date instrument that may be xi Period acquired if the instrument is exercised/	rights
-----------	------------------------------------------------------------------------------------------------------------------------------------------------------------------------	--------	--

B.2: Financial Instruments with similar economic effect according to Art. 12(1)(b) of the Transparency Law

Type of	Expiration	Exercise/Con	Physical or	Number of	% of voting
financial	x date	version	cash	voting rights	rights
instrument		xi Period	xii settlement

8. Information in relation to the person subject to the notification obligation:

			% of voting	% of voting		Directly
			rights held	rights	Total of both	controlled
	N	xv Name	by ultimate	through		by (use
°			controlling	financial		number(s)
			person or	instruments		from 1st
			entity or	held by		column)
			held directly	ultimate
			by any	controlling
			subsidiary if	person or

	it equals or	entity or
	is higher	held directly
	than the	by any
	notifiable	subsidiary if
	threshold	it equals or
		is higher
		than the
		notifiable
		threshold
N/A

9. In case of proxy voting:

N/A

10. Additional information xvi :

This notification is made on a voluntary basis following the acquisition of certain voting securities in Adler

Group S.A. (the Voting Securities).

Arini Capital Management Limited is entitled to independently exercise the voting rights attached to the Voting

Securities included in this notification.

Done at Luxembourg On 29 October 2024

Notes

i Please note that national forms may vary due to specific national legislation (Article 3(1a) of Directive 2004/109/EC) as for instance the applicable thresholds or information regarding capital holdings.

ii Full name of the legal entity and further specification of the issuer or underlying issuer, provided it is reliable and accurate (e.g. address, LEI, domestic number identity).

iii Other reason for the notification could be voluntary notifications, changes of attribution of the nature of the holding (e.g. expiring of financial instruments) or acting in concert.

iv This should be the full name of (a) the shareholder; (b) the natural person or legal entity acquiring, disposing of or exercising voting rights in the cases provided for in Article 9 (b) to (h) of the Transparency Law; or (c) the holder of financial instruments referred to in Article 12(1) of the Transparency Law.

As the disclosure of cases of acting in concert may vary due to the specific circumstances (e.g. same or different total positions of the parties, entering or exiting of acting in concert by a single party) the standard form does not provide for a specific method how to notify cases of acting in concert.

In relation to the transactions referred to in points (b) to (h) of Article 9 of the Transparency Law, the following list is provided as indication of the persons who should be mentioned:

• in the circumstances foreseen in letter (b) of Article 9 of that Law, the natural person or legal entity that acquires the voting rights and is entitled to exercise them under the agreement and the natural person or legal entity who is transferring temporarily for consideration the voting rights;
• in the circumstances foreseen in letter (c) of Article 9 of that Law, the natural person or legal entity holding the collateral, provided the person or entity controls the voting rights and declares its intention of exercising them, and natural person or legal entity lodging the collateral under these conditions;
• in the circumstances foreseen in letter (d) of Article 9 of that Law, the natural person or legal entity who has a life interest in shares if that person or entity is entitled to exercise the voting rights attached to the shares and the natural person or legal entity who is disposing of the voting rights when the life interest is created;
• in the circumstances foreseen in letter (e) of Article 9 of that Law, the controlling natural person or legal entity and, provided it has a notification duty at an individual level under Article 8, under letters (a) to (d) of Article 9 of that Law or under a combination of any of those situations, the controlled undertaking;
• in the circumstances foreseen in letter (f) of Article 9 of that Law, the deposit taker of the shares, if he can exercise the voting rights attached to the shares deposited with him at his discretion, and the depositor of the shares allowing the deposit taker to exercise the voting rights at his discretion;
• in the circumstances foreseen in letter (g) of Article 9 of that Law, the natural person or legal entity that controls the voting rights;

in the circumstances foreseen in letter (h) of Article 9 of that Law, the proxy holder, if he can exercise the voting rights at his discretion, and the shareholder who has given his proxy to the proxy holder allowing the latter to exercise the voting rights at his discretion (e.g. management companies).

v Applicable in the cases provided for in Article 9 (b) to (h) of the Transparency Law. This should be the full name of the shareholder who is the counterparty to the natural person or legal entity referred to in Article 9 of that Law unless the percentage of voting rights held by the shareholder is lower than the 5% threshold for the disclosure of voting rights holdings (e.g. identification of funds managed by management companies).

vi The date on which threshold is crossed or reached should be the date on which the acquisition or disposal took place or the other reason triggered the notification obligation. For passive crossings, the date when the corporate event took effect.

vii The total number of voting rights shall be composed of all the shares, including depository receipts representing shares, to which voting rights are attached even if the exercise thereof is suspended.

viii If the holding has fallen below the 5% threshold, please note that it is not necessary to disclose the extent of the holding, only that the new holding is below that threshold.

ix In case of combined holdings of shares with voting rights attached 'direct holding' and voting rights 'indirect holding', please split the voting rights number and percentage into the direct and indirect columns – if there is no combined holdings, please leave the relevant box blank.

x Date of maturity/expiration of the financial instrument i.e. the date when right to acquire shares ends.

xi If the financial instrument has such a period – please specify this period – for example once every 3 months starting from [date].

xii In case of cash settled instruments the number and percentages of voting rights is to be presented on a delta-adjusted basis (Article 12(2) of the Transparency Law).

xiii If the person subject to the notification obligation is either controlled and/or does control another undertaking then the second option applies.

xiv The full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity also has to be presented in the cases in which only on subsidiary level a threshold is crossed or reached and the subsidiary undertaking discloses the notification as only then the market always gets the full picture of the group holdings. In case of multiple chains through which the voting rights and/or financial instruments are effectively held the

chains have to be presented chain by chain leaving a row free between different chains (e.g.: A, B, C, free row, A, B, D, free row, A, E, F etc.). Numbers shall be attributed to all persons or entities within the group in column 1 in order to allow a clear indication of the control structure in column 6. The names of all undertakings of the control chain shall be provided in column 2, even if the number of the directly held voting rights and/or financial instruments is not equal or higher than the notifiable threshold. Columns 3 & 4 shall indicate the holdings of those persons or entities directly holding the voting rights and/or financial instruments if the holding is equal or higher than the notifiable threshold.

xv The names of controlled undertakings through which the voting rights and/or financial instruments are effectively held have to be presented irrespectively whether the controlled undertakings cross or reach the lowest applicable threshold themselves.

xvi Example: Correction of a previous notification.

30.10.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com

Language:	English
Company:	Adler Group S.A.
	55 Allée Scheffer
	2520 Luxembourg
	Luxemburg
Internet:	www.adler-group.com
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