NEMESIA S.À R.L. COMPLETES CORPORATE RESTRUCTURING

LUXEMBOURG, Feb. 20, 2024 /CNW/ - Nemesia S.à r.l. ("Nemesia"), a private company controlled by trusts settled by the late Adolf H. Lundin, incorporated under the laws of Luxembourg, and residing at 40, Boulevard Grande Duchesse Charlotte, L-1330 Luxembourg, and its joint actors, Zebra Holdings and Investments S.à r.l. ("Zebra"), Lorito Doraline S.à r.l. ("Lorito Doraline"), Lorito Floreal S.à r.l. ("Lorito Floreal"), Lorito Arole S.à r.l. ("Lorito Arole") and Lorito Orizons S.à r.l. ("Lorito Orizons"), each of which are private Luxembourg companies controlled by trusts settled by the late Adolf H. Lundin and residing at 40, Boulevard Grande Duchesse Charlotte, L-1330 Luxembourg, announce that on February 20, 2024, they completed an internal corporate restructuring. 

As part of the restructuring, Nemesia acquired the holdings of Zebra, Lorito Doraline, Lorito Floreal, Lorito Arole and Lorito Orizons, all as more particularly set out in Part A of Exhibit 1 attached hereto.  The transactions were carried out pursuant to private agreements made effective February 20, 2024 among Nemesia and each of Zebra, Lorito Doraline, Lorito Floreal, Lorito Arole and Lorito Orizons. Part B of Exhibit 1 summarizes Nemesia's holdings in each of the entities after giving effect to the restructuring and taking into account its current positions. 

Notwithstanding the restructuring and their post-restructuring positions, Zebra, Lorito Doraline, Lorito Floreal, Lorito Arole and Lorito Orizons continue to be considered as joint actors with Nemesia.

Nemesia may, from time to time, make future investments in or dispose of securities of the companies set out in Part B of Exhibit 1 depending upon the business and prospects of these companies and depending upon future market conditions.

EXHIBIT 1 to the PRESS RELEASE OF NEMESIA S.À R.L. dated February 20, 2024

SOURCE Nemesia Sàrl