Kernel Holding S.A. — Board/Management Information 2022

Oct 26, 2022

Current report no 32/2022

dated 15 July 2022

RESIGNATION OF PIETERNEL BOOGAARD FROM THE BOARD OF DIRECTORS OF KERNEL HOLDING S.A.

The Board of Directors of Kernel Holding S.A. (hereinafter "the Company") hereby announces that on 15 July 2022 Mrs. Pieternel Boogaard submitted a written notice of resignation from the Board of Directors of the Company as an Independent Non-Executive Director of the Company due to the inability of the Company to extend Directors' and Officers' liability insurance. The resignation will become effective within 60 days following the receipt of the written notice by the Company. The Company shall announce the effective resignation date of Mrs. Boogaard in a separate notification.

Legal grounds: Art. 17 of REGULATION (EU) No 596/2014 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC.

Signatures of individuals authorized to represent the Company:

Viktoriia Lukianenko

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Anastasiia Usachova