Azelis Group NV — Director's Dealing 2021

Oct 13, 2021

2) Issuer

1) Status of the notification

	Final
	Name AZELIS
Identification number 0769-555-240

3) Reason for the notification

Holding of voting securities upon first admission to trading	4	+

¹ +

^A +

4) Notification by

A person that notifies alone

5) Persons subject to the notification requirement

Name	Address (for legal entities)
Mawer Investment Management Ltd.	517 - 10th Avenue S.W., Suite 600, Calgary, Alberta, T2R 0A8, Canada

6) Persons that dispose of voting rights (only to be filled in if art. 7 of the Law applies)

Name	Address (for legal entities)

Part II

Please continue entering the information in part II concerning the persons referred to in Sections 5 and 6

7) Date on which the threshold is crossed

8) Threshold that is crossed (in %)

If the holding has fallen below the lowest threshold, you have the option of not entering any numbers in Section 10

3

9) Denominator

233,846,153

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		% of voting rights
Holders of voting rights		Linked to securities	Not linked to the securities		Linked to securities Not linked to the securities
Mawer Investment Management Ltd.		9,137,793		3.91%
	TOTAL	9,137,793	0	3.91%	0.00%

For groups, start with the ultimate controlling natural person or legal entity. The totals, subtotals and % will be updated once you have clicked on .

B) Equivalent financial instruments	After the transaction
Holders of equivalent financial instruments	Type of financial instrument		Expiration date Exercise period or date	# of voting rights that may be acquired if the instrument is exercised	% of voting rights	Settlement
							+
	TOTAL			0	0.00%

The totals will be updated once you have clicked on

TOTAL (A & B)			# of voting rights % of voting rights
	CALCULATE	9,137,793	3.91%

11) Full chain of controlled undertakings through which the holding is effectively held, if applicable

Mawer Investment Management Ltd. is not a controlled entity.

12) In case of proxy voting for only one GM

				(DD/MM/YYYY)
Holder	will cease to hold / will hold again	0	voting rights as of

13) Additional information

Mawer Investment Management Ltd. (MIML) is an investment advisor which manages funds and accounts which hold the shares reported in this filing. MIML is authorised to exercise the voting rights attached
to the shares at its discretion without any instructions from its clients.

Done at Calgary
On	11/10/2021 (DD/MM/YYYY)
Name & capacity Peter Lampert	Signature