Learnd SE — Major Shareholding Notification 2026

May 11, 2026

News Details

Voting rights Announcements | 11 May 2026 11:00

GFJ Holding GmbH & Co. KG, Pullach, Germany; Josef Brunner

learnd SE

learnd SE: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

11.05.2026 / 11:00 CET/CEST

Dissemination of a Voting Rights Announcement transmitted by EQS News – a service of EQS Group .

The issuer is solely responsible for the content of this announcement.

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Notification of Major Holdings

1. Details of issuer

Name:	learnd SE
Street:	9, rue de Bitbourg
Postal code:	1273
City:	Luxemburg Luxemburg
Legal Entity Identifier (LEI):	391200CLINOY60KP3T33

2. Reason for notification

X	Acquisition/disposal of shares with voting rights
	Acquisition/disposal of instruments
	Change of breakdown of voting rights
	Other reason:

3. Details of person subject to the notification obligation

Natural person (first name, surname): Josef Brunner Date of birth: 21 Oct 1981
Legal entity: GFJ Holding GmbH & Co. KG City of registered office, country: Pullach, Germany

4. Names of shareholder(s)

holding directly 3% or more voting rights, if different from 3.

5. Date on which threshold was crossed or reached:07 May 2026

6. Total positions

	% of voting rights attached to shares (total of 7.a.)	% of voting rights through instruments (total of 7.b.1 + 7.b.2)	Total of both in % (7.a. + 7.b.)	Total number of voting rights pursuant to Sec. 41 WpHG
New	24.29 %	13.49 %	37.78 %	24,733,237
Previous notification	25.61 %	12.7 %	38.31 %	/

7. Details on total positions

a. Voting rights attached to shares (Sec. 33, 34 WpHG)

ISIN	Absolute		In %
	Direct (Sec. 33 WpHG)	Indirect (Sec. 34 WpHG)	Direct (Sec. 33 WpHG)	Indirect (Sec. 34 WpHG)
LU2358378979	18,495	5,990,388	0.07 %	24.21 %
Total	6,008,883		24.29 %

b.1. Instruments according to Sec. 38 (1) no. 1 WpHG

Type of instrument	Expiration or maturity date	Exercise or conversion period	Voting rights absolute	Voting rights in %
				%
		Total		%

b.2. Instruments according to Sec. 38 (1) no. 2 WpHG

Type of instrument	Expiration or maturity date	Exercise or conversion period	Cash or physical settlement	Voting rights absolute	Voting rights in %
Class B Warrants	18.01.2028	The Class B Warrants will become exercisable 30 days following the consummation of the business combination	Physical	3,336,526	13.49 %
			Total	3,336,526	13.49 %

8. Information in relation to the person subject to the notification obligation

	Person subject to the notification obligation is not controlled nor does it control any other undertaking(s) that directly or indirectly hold(s) an interest in the (underlying) issuer (1.).
X	Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity:

Name	% of voting rights (if at least 3% or more)	% of voting rights through instruments (if at least 5% or more)	Total of both (if at least 5% or more)
Josef Brunner	0.07 %	0.00 %	0.00 %
AFT Tech Ventures AG	8.56 %	0.00 %	8.56 %
AFT Tech Ventures SwissCommerce GmbH	11.63 %	0.00 %	11.63 %
Learnd Invest GmbH	0.00 %	0.00 %	0.00 %
GFJ Holding GmbH & Co. KG	4.02 %	13.49 %	17.51 %

9. In case of proxy voting according to Sec. 34 para. 3 WpHG

(only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG)

Date of general meeting:

Holding total positions after general meeting (6.) after annual general meeting:

Proportion of voting rights	Proportion of instruments	Total of both
%	%	%

10. Other explanatory remarks:

Date

11 May 2026

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11.05.2026 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

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Language:	English
Company:	learnd SE
	9, rue de Bitbourg
	1273 Luxemburg
	Luxemburg
Internet:	https://learnd.co.uk/

End of News	EQS News Service

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2324464  11.05.2026 CET/CEST