Lavide Holding N.V.

Quarterly Report • Apr 15, 2025

Q1 2025

Quarterly Company Update

Foreword CEO

Heemstede, 14 April 2025

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 will 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

2

Regards,

Thijs Groeneveld

Business Highlights Q1 2025

Team Expansion

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. Our sincere thanks to former Chairperson Mr. Engele Wijnsma for his decade of commitment to Lavide.

New Auditor

We engaged EY Accountants B.V. as our new auditor for both 2023 and 2024 and, as communicated in our press release of 31 March 2025, we successfully completed the audit 2023.

Listing and Payment Agent

We engaged 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

Amounts in EUR thousands, except A and B Shares, and No. of Investments

-	(202)	174	670
Revenue	Profit/Loss	Equity Position	Cash & Equivalents
A Shares	5,724,655	-	-
B Shares	2,000,000	Total Invested	No. of Investments

Outlook Q2 2025

• Shareholders' meeting on May 12, 2025, for the adoption of the audited annual report 2023
• 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

Disclaimer

This quarterly update qualifies as a disclosure within the meaning of Article 17 paragraph 1 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse ("MAR") and contains information that qualifies or may qualify as inside information within the meaning of Article 7 paragraph 1 MAR.

This quarterly update does not contain an (invitation to make an) offer to buy or sell or otherwise acquire or subscribe to shares in Lavide Holding and is not an advice or recommendation to take or refrain from taking any action. This announcement does not comprise a prospectus or a prospectus equivalent document or an exempted document. The contents of this announcement do not amount to, and should not be construed as, legal, tax, business or financial advice.

The statements contained in this quarterly update are made as at the date of this announcement, unless some other date is specified in relation to them, and publication of this press release shall not give rise to any implication that there has been no change in the facts set forth in this announcement since such date.

This quarterly update contains statements that could be construed as forward-looking statements, including about the financial position of Lavide Holding, the results it achieved and the business(es) it runs. Forward-looking statements are all statements that do not relate to historical facts and may be identified by words such as 'expect', 'should', 'could', 'shall' and similar expressions. The forward-looking statements are based on information currently available and forecasts and estimates made by Lavide Holding's management. Lavide Holding cautions readers that the forward-looking statements involve certain risks and uncertainties that are difficult to predict and therefore it should be understood that many factors can cause actual performance, transaction progress and positions to differ materially from these statements. Although Lavide Holding believes that the forward-looking statements are based on reasonable assumptions, it cannot guarantee that the ultimate results will not differ materially from those statements that could be construed as forward-looking statements. Factors that may lead to or contribute to differences in current expectations include, but are not limited to: developments in legislation, technology, tax, regulation, stock market price fluctuations, legal proceedings, regulatory investigations, competitive relationships and general economic conditions. The forward-looking statements in this document speak only as of the date of this document. Subject to any legal obligation, Lavide Holding assumes no obligation or responsibility to update the forward-looking statements contained in this document, whether related to new information, future events or otherwise.