TCM Group — Major Shareholding Notification 2019

Sep 10, 2019

Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be uploaded at http://oasm.finanstilsynet.dk)

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: TCM Group A/S

1. Reason for the notification (please tick the appropriate box or boxes);

An acquisition or disposal of voting rights or share capital

An acquisition or disposal of financial instruments

An event changing the breakdown of voting rights or share capital

Other (please specify)":

3. Details of person subject to the notification obligation™:

Name:

City and country of registered office (if applicable):

Luxempart PIPE S.á.r.I.

Leudelange, Luxembourg

1. Full name of shareholder(s) (if different from 3.)":

2. Date on which the threshold was crossed or reached":

5 September 2019

		6. Total positions of person(s) subject to the notification obligation:
		Voting rights:
	Voting rights attached to shares in % (total of 7.1.A)	Voting rights through fi- 0/0 nancial instruments in (total of 7.1.B.1 + 7.1.B.2)	Total of both in (7.1.A + 7.1.B)	Total number of voting rights of is- suervi
Resulting situation on date which the on threshold was crossed or reached	9.80603%	N/A	9.80603%	10,000,000
Position of previous no- tification (if applicable)	N/A	N/A	N/A
		Share capital:
	Share capital attached to shares in % (total of 7.2.A)	Share capital through fi- nancial instruments in % (total of 7.2.B.1 + 7.2.B.2)	Total of both in (7.2.A + 7.2.B)	Total share capi- tal in issuervi
situation on Resulting the date which on threshold was crossed or reached	9.80603%	N/A	9.80603%	1,000,000
Position of previous no- tification (if applicable)	N/A	N/A	N/A

7.1. Notified details of the resulting situation on the date on which the threshold was crossed or reached:

Class/type shares ISIN code (if possi- ble)	of Number of voting rights"		% of voting rights
	Direct (Sect. 38 (1) of the Capital Markets Act)	Indirect (Sect. 38 (2) of the Capital Markets Act)	Direct (Sect, 38 (1) of the Capital Markets Act)	Indirect (Sect. 38 (2) of the Capital Markets Act)
DK0060915478	980,603	N/A	9.80603%	N/A
SUBTOTAL 7.1.A	980,603		9.80603%

Type of financial instrument	Expiration datevii	Exercise/ conversion Periodix	Number of voting rights that may be acquired if the instrument is ex- ercised/converted.	8/2 Of voting rights
NA	MA	N/A	N/A	N/A
		SUBTOTAL 7.1.B.1	N/A	N/A

Type of financial instrument	Expiration datevii -	Exercise/ conversion periodix	Physical or cash settle- mentx	Number of vo- ting rights	% of of voting rights
N/A	N/A	N/A	N/A	N/A	N/A
			SUBTOTAL 7.1.8.2	N/A	N/A

2

r. 2. Notified details of the resulting situation on the date on which the threshold was crossed or reacher:

Class/type of I shares ISIN code (if possi- : ble)	Number of shares" % of share capital
	Direct (Sect. 38 (1) of the Capital Markets Act)	Indirect (Sect, 38 (2) of the Capital Markets Act)	Direct (Sect. 38 (1) of the Capital Markets Act)	Indirect (Sect. 38 (2) of the
DK0060915478	98,060.3	N/A	9.80603%	Capital Markets Act) N/A
SUBTOTAL 7.2.A	98,060.3		9.80603%

Type of financial instrument	Expiration datevii	Exercise/ conversion period™	Number of shares that may be ac- quired if the instrument is exer- cised/converted.	% of share ca- pital
N/A	N/A	N/A	N/A	N/A
		SUBTOTAL 7.2.B.1	N/A	N/A

Type of financial instrument	Expiration datevil	Exercise/ conversion period™	Physical or cash settle- ment*	Number of sha- res	pital
N/A	N/A	N/A	N/A	N/A	N/A
			SUBTOTAL 7.2.B.2	N/A	N/A

3

ﺒﺮ

1. Information in relation to the person subject to the notification (please tick the applicable box):

Person subject to the notification obligation is not controlled by ary natural person or legal entity and does not control any other undertaking(s) holding directly an interest in the (underlying) and issuer".

V Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entitled

Namexii	equals or is higher than ments if it equals or is the notifiable threshold	% of voting rights % of voting rights if it - through financial instru- higher than the notifia- ble threshold	Total of both if it equals or is higher than the no- tifiable threshold
Luxunion S A	N/A	N/A	9.80603%
Foyer Finance S.A.	N/A	NIA	9 80603%
Luxempart S A.	N/A	N/A	9 80603%
Luxempart PIPE S á r l	9.80603%	N/A	9 80603%

1. In case of proxy voting: [name of the proxy holder] will cease to hold [% and number] voting rights as of (date)

..............................................................................................................................................................................

1. Additional information"!":

Luxempart S A today transfers its entre holding of 960,603 shares of TCM Group A/S to the account of Luxempart PIPE S a r l

The notification relates to the incorporation of Luxempart S a r Las a wholly-owned subsidiary of Luxempart S A and the transfer of the TCM shares into this new subsidiary

Done at [place] on [date]

9-2019

A HOLST LEVIN

ADVOKAT KROMANN REUMERT SUNDKROGSGADE 6 2100 KØBENHAVN Ø TLF. 70 12 12 11

4