Kernel Holding S.A. — Director's Dealing 2023

May 12, 2023

Current report no 24/2023

dated 12 May 2023

NOTIFICATION OF MANAGER'S TRANSACTIONS

Kernel Holding S.A., a company with registered office in Luxembourg (the "Company") hereby announces that on 12 May 2023 the Company received notifications of manager's transactions pursuant to Art. 19 of the Market Abuse Regulation from the legal entity closely associated with the person discharging managerial responsibilities within the Company:

Instrument:	Kernel Holding S.A. 6.75% Guaranteed Notes due 2027, Regulation S ISIN XS2244927823
Nature of transactions:	Acquisition
Price and volume:	Price: USD 60.75 per USD 100 principal
	Volume: USD 2,000,000 principal
Aggregated volume and price:	Price: USD 60.75 per USD 100 principal
	Volume: USD 2,000,000 principal
Dates of transactions:	08 May 2023
Place of transactions:	Bloomberg Trading Facility BV

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