Quest for Growth NV — Major Shareholding Notification 2016

Nov 7, 2016

Regulated information. This press release contains information subject to the transparency requirements imposed on listed companies.

Press release Leuven / 7 November 2016 / 5.40 PM

Schedule for publication on 7 November 2016: 5.40 PM press release available at www.questforgrowth.com

QUEST FOR GROWTH

Privak, fixed capital investment company established under Belgian Law

Notification of major holdings according to the requirements of the Law of 2 May 2007

For further information: CAPRICORN VENTURE PARTNERS NV Mr. Marc Pauwels – Fund Administrator Phone: +32 (0)16 28 41 28 Fax: +32 (0)16 28 41 29 Or: quest@questforgrowth.com

According to the obligation imposed by article 14 of the Law of 2 May 2007 regarding the notification of major holdings in quoted companies, Quest for Growth publishes the content of the following notification received:

• 1. Date of the notification: 31 October 2016
• 1. Date on which the threshold is crossed: 25 October 2016
• 1. Reason for the notification: Acquisition or disposal of voting securities or voting rights
• 1. Threshold that is crossed: 10 %
• 1. Notification by (a parent undertaking or a controlling person):

Financial & Investment Management Group, Ltd.	111 Cass Street, Traverse City, Michigan 49684, USA
Paul H. Sutherland, President and sole shareholder of Financial & Investment Management Group, Ltd.	111 Cass Street, Traverse City, Michigan 49684, USA

1. Denominator: 15,155,969

Press release Leuven / 7 November 2016 / 5.40 PM

A) Voting rights	Previous notification	After the transaction
	# voting rights	# voting rights		% voting rights
Holders of voting rights		Linked to securities	Not linked to the securities	Linked to securities	Not linked to the securities
Financial & Investment Management Group, Ltd.	1,939,439	1,495,528	0	9.87%	0.00%
Paul H. Sutherland	0	0	0	0,00%	0,00%
Subtotaal	1,939,439	1,495,528	0	9,87%	0,00%
	TOTAL	1,495,528	0	9.87%	0.00%

1. Voting rights and equivalent financial instruments:

2. Chain of controlled undertakings through which the holding is effectively held:

All shares are held by FIM Group clients with beneficial ownership in their name. FIM Group is the investment advisor of record for these accounts and has proxy voting authority for these accounts. Paul H. Sutherland controls Financial & Investment Management Group.

1. Additional information:

Financial & Investment Management Group, Ltd. exercises the voting rights at its discretion in the absence of specific instructions.

This notification is published on the Quest for Growth website under the section: Shareholders info / Transparency legislation / Shareholders structure

Notifications of major holdings according to the requirements of the Law of 2 May 2007 can be sent to mpauwels@questforgrowth.com