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

May 12, 2023

Current report no 23/2023

dated 12 May 2023

NOTIFICATION OF MANAGER'S TRANSACTION

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

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Namsen Limited
2	Reason for the notification
a)	Position/status	A person closely associated with a person
		discharging management responsibilities, i.e. Mr.
		Andrii Verevskyi, in his position as a Chairman of
		the Board of Directors of Kernel Holding S.A.
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform,
	auctioneer or auction monitor
a)	Name	Kernel Holding S.A.
b)	LEI	5493003GR6L4DZOS2U12
4	Details of the transaction(s):	section to be repeated for (i) each type of instrument; (ii) each type of transaction;
	(iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial	Shares in Kernel Holding S.A.
	instrument, type of instrument	ISIN: LU0327357389
	Identification code
b)	Nature of the transaction	Acquisition
c)	Price(s) and volume(s)	Price	Volume
		18.50 PLN	30,248,449
d)	Aggregated information
	- Aggregated volume		30,248,449
	- Price		18.50 PLN
e)	Date of the transaction	2023-05-09
f)	Place of transaction	XWAR – Warsaw Stock Exchange, stock market

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:

Yuriy Kovalchuk

Anastasiia Usachova