Lavide Holding N.V.

Business and Financial Review • Apr 15, 2025

Q1 2025

Quarterly Company Update

Foreword CEO

Dear shareholders,

It is my pleasure to share with you our very first quarterly update (Q1 2025) as the CEO of Lavide: my name is Thijs, 45 years old, married, father of three, passionate about the financial markets, and about sports.

My personal motivation to take on this challenge as Lavide's new CEO is to help create an attractive investment stock for investors looking for the combination of stable cash returns and longterm growth. This aligns perfectly with my vision on deal making and investments designed to finance key (cash-generating) assets in our economy.

Since my appointment as CEO earlier in December 2024, my highest priority has been to establish great relationships within the Dutch capital markets ecosystem on behalf of Lavide. My team and I have worked hard to lay the new foundation for our future growth: from our conversations with Euronext Amsterdam, auditors, corporate broker, etc.

I am also proud to announce that, at the time of this publication, we have successfully completed the audit 2023 and are currently working on the audit 2024. This was a big milestone for us. Many thanks to our auditor for the trust in our vision and our commitment to Lavide.

In this update you fill also find more information on high-level financials and business highlights. For more information regarding our official publications, kindly refer to our website www.lavideholding.com

Regards,

Thijs Groeneveld

Business Highlights Q1 2025

Our team has been expanded with the addition Thijs Groeneveld as our Chief Executive Officer and Mario Natella as our Chief Operating Officer, both members of the Board of Directors, Bart Joosen as General Counsel, and Thomas Plaatsman as our new Investment Manager. We are also pleased to have Hans Pieterse as our Board Advisor as of January 2025.

New Supervisory Board Chair

Our Supervisory Board has a new Chairperson as of January 2025: Ms. Pieternel Hummelen. With her experience as board member and expert in corporate governance frameworks, we believe Ms. Hummelen is a great addition to our team.

New Auditor

Team Expansion

We engaged EY Accountants B.V. as our new auditor for both 2023 and 2024, and as communicated in our press release, we successfully completed the audit 2023.

Listing and Payment Agent

We signed ABN AMRO Corporate Broking Team as our new listing and payment agent on Euronext Amsterdam.

Legal Support

We engaged Baker McKenzie as our legal support in preparation for the private placement later this year, as communicated in our Investor Update in March 2025.

Business Highlights Q1 2025

Capital Raising

We placed 2 million B shares at nominal value, out of a total mandate of 3 million shares, thus raising EUR 1 million to ensure Lavide has the required working capital to execute on all our plans this year.

Investor Update

We published an Investor Update March 2025 where we outline the next steps in the company's expansion with regard to the private placement. During this private placement we plan to raise between EUR 20-25 million to kick-off our business strategy. Refer to our website for a copy of the update in Dutch and English.

Updated Website

We updated the company's website and worked on a renewed branding following up the positioning as communicated in our Investor Update.

Internal Criteria

We developed internal criteria for our strategic investment and financing that led to the selection of the first potential transactions as part of our renewed business strategy. These transactions refer to the financing (both debt and equity capital) of:

• a business lending platform for commercial and industrial large real estate projects,
• a company in the battery and energy storage sector.

Note: both companies align with our view on long-term growth and annual cashflow requirements.

Overview Financials Q1 2025

Outlook Q2 2025

• Complete the 2024 audit (already in progress at the time of this publication)
• Officially leave Euronext Amsterdam's Penalty Bench
• Placement of the remaining 1 million B shares at nominal value, to secure additional working capital
• Prepare required documentation for the Private Placement with Baker McKenzie in H2 2025, as communicated in our Investor Update
• Publish our investment and financing policies, including our approach to sustainability, as part of our disclosure requirements for the Private Placement
• Source and negotiate 1-3 key deals for the first transactions after the Private Placement
• Update website based on the strategy communicated in our Investor Update in March 2025