TCM Group

Major Shareholding Notification • Jun 29, 2023

COMPANY ANNOUNCEMENT

No. 174/2023

Tvis, 29 June 2023

Major shareholder announcement

Referring to section 30 of the Capital Markets Act, TCM Group A/S (the "Company"), can inform, that Taiga Investment Funds PLC has notified, that their aggregate holding of shares amounts to less than 5% as of 29 June 2023.

For further information please contact:

Torben Paulin, CEO, TCM Group A/S, +45 21 21 04 64

About TCM Group

TCM Group is Scandinavia's third largest manufacturer of kitchens and furniture for bathrooms and storage. The products are designed and produced in Denmark and rooted in a proud tradition of good quality and good craftsmanship. TCM Group pursues a multi-brand strategy, under which the main brand is Svane Køkkenet and the other brands are Tvis Køkken and Nettoline. Combined, the brands cater for the entire price spectrum, and are sold through c. 140 dealers in Denmark and the rest of the Scandinavia. TCM Group sells private label kitchens through DIY stores in Denmark and independent kitchen stores in Norway. TCM Group is supplier to the 45% owned e-commerce kitchen business Celebert, which operates under the brands kitchn.dk, billigskabe.dk, Celebert and Just Wood. See www.tcmgroup.dk for more information.