Kernel Holding S.A. — Director's Dealing 2022

Nov 18, 2022

Current report no 53/2022

dated 18 November 2022

NOTIFICATIONS OF MANAGERS' TRANSACTIONS

Kernel Holding S.A., a company with registered office in Luxembourg (the "Company") hereby announces that on 18 November 2022 the Company received a notifications of managers' transactions pursuant to Art. 19 of the Market Abuse Regulation from the legal entities closely associated with the persons discharging managerial responsibilities within the Company:

Instrument:	Kernel Holding S.A. 6.5% Guaranteed Notes
	due 2024, Regulation S ISIN XS2010040983
Nature of transaction:	Acquisition
Price and volume:	Price: USD 46 per USD 100 principal
	Volume: USD 21,230,000 principal
	Price: USD 48 per USD 100 principal
	Volume: USD 2,500,000 principal
Aggregated volume and price:	Price: USD 46.21 per USD 100 principal
	Volume: USD 23,730,000 principal
Date of transaction:	16 November 2022
Place of transaction:	outside a trading venue
Instrument:	Kernel Holding S.A. 6.75% Guaranteed Notes
	due 2027, Regulation S ISIN XS2244927823
Nature of transaction:	Acquisition
Price and volume:	Price: USD 45 per USD 100 principal
	Volume: USD 5,700,000 principal
Aggregated volume and price:	Price: USD 45 per USD 100 principal
	Volume: USD 5,700,000 principal
Date of transaction:	16 November 2022
Place of transaction:	outside a trading venue

Legal grounds: Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation).

Signatures of individuals authorized to represent the Company:

Viktoriia Lukianenko

Anastasiia Usachova