INDEXO

Major Shareholding Notification • Sep 2, 2025

Form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the competent authority)

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

IPAS "Indexo" registration number: 40203042988 legal adress: Roberta Hirša iela 1, Rīga, Latvija, LV-1045 LEI code: 875500AT8JI5HU41AY20

2. Reason for the notification (please tick the appropriate box or boxes):

[X] An acquisition or disposal of voting rights

[ ] An acquisition or disposal of financial instruments

[ ] An event changing the breakdown of voting rights

[ ] Other (please specify)ii:

3. Details of person subject to the notification obligationiii:

Name:

Aigars Kesenfelds

Legal address – city and country (applies to legal entities):

4. Full name of shareholder(s) (if different from 3.)iv:

AS ALPPES Capital

5. Date on which the threshold was crossed or reached^v : 28.08.2025.

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

	% of voting rights at tached to sharesvi (to tal of 7.A)	% of voting rights through financial in struments (total of 7.B.1 + 7.B.2)	Total of both in % (7.A + 7.B)	Total number of voting rights of is suervii
Resulting situation on the date on which threshold was crossed or reached	12.37		12.37	5 406 225
Position of previous notification (if appli cable)

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

A: Voting rights attached to sharesvi

Class/type of shares ISIN code (if possi ble)	Number of voting rightsix		% of voting rightsix
	Direct	Indirect (Section 8 of Financial Instrument Market Law)	Direct	Indirect (Section 8 of Financial In strument Market Law)
Bearer shares (ISIN LV0000101863)		668 711		12.37
SUBTOTAL A		668 711		12.37

B 1: Financial Instruments according to Section 60(1)(3) and Section 60(4) of Financial Instrument Market Law
Type of financial instrument	Expiration datex	Exercise/ Conversion Periodxi	Number of voting rights that may be acquired if the in strument is exer cised/ converted.	% of vot ing rights
		SUBTOTAL B.1

B 2: Financial Instruments with similar economic effect according to Section 60(5) of Fi nancial Instrument Market Law
Type of fi nancial in strument	Expiration datex	Exercise/ Conversion Pe riod xi	Physical or cash settle mentxii	Number of voting rightsxiii	% of voting rightsxiii
			SUBTOTAL B.2

8. Information in relation to the person subject to the notification obligation (please tick the applicable box):

[] Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.xiii

[X] 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 entityxiv:

Namexv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial in struments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Aigars Kesenfelds	0		0
AS ALPPES Capital	12.37		12.37

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

10. Additional informationxviii:

Riga, date and time can be seen in the time stamp of electronic signature of the document.

Aigars Kesenfelds

_______________________________

DOCUMENT IS SIGNED WITH A SECURE ELECTRONIC SIGNATURE AND CONTAINS A TIME STAMP