H+H International

Major Shareholding Notification • Oct 3, 2022

Updated 01.04.2019

Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be uploaded at http://oasm.finanstilsynet.dk)

The boxes in sections (1-6) and section (8) in the standard form must always be filled out.

Then, please fill out the standard form for the relevant type of financial instrument.

• · For notification regarding shares go to section (7.1) in the standard form.
• For notification regarding financial instruments in accordance with section 39(2)(1) of the Capital Markets OF Act, go to section (7.2) in the standard form.
• · For notification regarding financial instruments in accordance with section 39(2)(2) of the Capital Markets Act, go to section (7.3) in the standard form.

In case of proxy voting, fill out section (9) in the standard form.

1. Identity of the issuer':
H+H International A/S
2. Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights or share capital
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights or share capital
Other (please specify)":
3. Details of person subject to the notification obligation™:
Address: Lautrupsgade 7, 5. sal, 2100 Copenhagen Oe. Name: H+H International A/S
National ID-numberiv:	Email address:
49619812	shareholder@HplusH.com
4. Full name of shareholder (if different from 3.) :
5. Date on which the threshold was crossed or reached":
30 September 2022

6. Total positions of the person subject to the notification obligation:
		Voting rights:
	Voting rights attached to shares in % (total of 7.1.A)	Voting rights through financial instruments in % (total of 7.2.A + 7.3.B)	Total of both in % (7.1.A + 7.2.A + 7.3.A)
Resulting situation on the date on which threshold was crossed or reached	5.02		5.02
Position of previous notification (if applicable)
	Share capital:
	Share capital attached to shares in % (total of 7.1.B)	Share capital through financial instruments in % (total of 7.2.B + 7.3.B)	Total of both in % (7.1.B + 7.2.B + 7.3.B)
Resulting situation on the date on which threshold was crossed or reached	5.02		5.02
Position of previous notification (if applicable)

6.A Information on the issuer
Total number of voting rights of issuer™	17,500,000
Total share capital in issuer™	175,000,000

7.1 Shares according to section 38 of the Capital Markets Act

7.1.A: Voting rights attached to shares

and the consistence of the may of
ISIN code	Number of voting rights		% of voting rights
	Voting rights which the person subject to the notification obligation	Voting rights which the person subject to the notification obligation	Voting rights which the person subject to the notification obligation	Voting rights which the person subject to the notification obligation
	holds directly or indirectly": (Sect. 38(1) of the Capital Markets Act)	is entitled to acquire, dispose of or exercise (Sect. 38(2) of the Capital Markets Act)	holds directly or indirectly"i (Sect. 38(1) of the Capital Markets Act)	is entitled to acquire, dispose of or exercise (Sect. 38(2) of the Capital Markets Act)
DK0015202451	878,931		5.02
SUBTOTAL 7.1.A	878,931		5.02

7.1.B: Share capital attached to shares

ISIN code	Number of sharesvii (Sect. 38(1) of the Capital Markets Act)	% of shares (Sect. 38(1) of the Capital Markets Act)
DK0015202451	878,931	5.02
SUBTOTAL 7.1.B	878,931	5.02

7.2 Financial instruments according to section 39(2)(1) of the Capital Markets Act

7. 2.A: Voting rights attached to financial instruments according to section 39(2)(1) of the Capital Markets Act

Type of financial instrument	Expiration date ix	Exercise/conversion periodx	Number of voting rights that may be acquired if the instrument is exercised/converted	% of voting rights
		SUBTOTAL 7.2.A

7.2.B: Share capital attached to financial instruments according to section 39(2)(1) of the Capital Markets Act
Type of financial instrument	Expiration date ix	Exercise/conversion periodx	Number of shares that may be acquired if the instrument is exercised/converted	% of share capital
		SUBTOTAL 7.2.B

7.3 Financial Instruments with similar economic effect acc. to sect. 39(2)(2) of the Capital Markets Act

7.3.A: Voting rights attached to financial instruments according to section 39(2)(2) of the Capital Markets Act

Type of financial instrument	Expiration date ix	Exercise/conversion periodX	Physical or cash settlement"	Number of voting rights	% of voting rights
			SUBTOTAL 7.3.A

7.3.B: Share capital attached to financial instruments according to section 39(2)(2) of the Capital Markets Act
Type of financial instrument	Expiration date™	Exercise/conversion periodx	Physical or cash settlementxi	Number of shares	% of share capital
			SUBTOTAL 7.3.B

8. Chain of controlled undertakings (please tick the appropriate box):
The person subject to the notification is not controlled by any natural person or legal entity and does not
control any undertaking(s) with holdings in the (underlying) issuer . "if
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are
effectively held starting with the ultimate controlling natural person or legal entity :		XIII
Namexiv	Total voting rights if more than 5% Total share capital if more than	5%

1. In case of proxy voting: [name of the proxy holder] will cease to hold [% and number] voting rights as of [date]

2. Additional information*":

Date, place and signature.

Copenhagen, 3 October 2022 Peter Klovgaard-Jørgensen, CFO

NOTES

i Full name of the issuer. With regard to financial instruments by issuer of the underlying share.

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

iii 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 section 38(2)(2-8) of the Capital Markets Act; or
• c) the holder of financial instruments referred to in section 39 of the Capital Markets Act.

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 in concert by a single party), the standard form does not provide for a specific method on how to notify cases of acting in concert.

In relation to the transactions referred to in sentences (2) to (8) of section 38(2) of the Capital Markets Act, the following list is provided as indication of the persons who should be mentioned:

• in the circumstances foreseen in section 38(2)(2) of the Capital Markets Act, 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 section 38(2)(3) of the Capital Markets Act, 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 section 38(2)(4) of the Capital Markets Act, the natural person or legal entify who has a life interest in shares if that person or 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 section 38(2)(5) of the Capital Markets Act, the controlling natural person or legal entity and, provided it has a notification duty at an individual level under section 38(1), under sentences (1) to (4) of section 38(2) of the Capital Markets Act, or under a combination of any of those situations, the controlled undertaking:
• in the circumstances foreseen in section 38(2)(6) of the Capital Markets Act, the deposit taker of the 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 section 38(2)(7) of the Capital Markets Act, the natural person or legal entity that controls the voting rights;
• in the circumstances foreseen in section 38(2)(8) of the Capital Markets Act, 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).

iv National identification number of the natural person or legal entity if such exists.

* Applicable in the cases provided for in section 38(2)(2-8) of the Capital Markets Act. This should be the full name of the shareholder who is the counterparty to the natural person or legal entity referred to in section 38(2) of that Act unless the percentage of voting rights held by the shareholder is lower than the lowest notifiable threshold for the disclosure of voting rights holdings in accordance with national practices (e.g. identification of funds management companies).

vi The date on which a 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

wi The total number of voting rights or share capital 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.

will Present the voling rights or share capital that the natural person or legal entity subject to notification holds directly or indirectly. Direct holding means the shares held by the natural person or legal entity subject to notification itself or held by the natural person or legal entity subject to notification in its own name, but on behalf of a natural person or legal entity. Indirect holding means that the natural person or legal entity subject to notification holds the share through a controlled company or a chain of controlled undertakings.

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

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

* In case of cash settled instruments, the number and percentages of voting rights or share capital is to be presented on a delta-adjusted basis pursuant to section 39(3) and (4) of the Capital Markets Act.

*i if the person subject to the notification obligation is either controls another undertaking, then the second option applies.

** The full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity has to be presented also in the cases in which, only at subsidiary level, a threshold is crossed or reached and the subsidiary undertaking discloses the notification, as this is the only way for the markets to always get 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, E, F etc.).

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

xv Example: Correction of a previous notification.