HEERENVEEN (THE NETHERLANDS), 30 May 2022 – In response to enquiries received from shareholders about the options for the Offeror following 3 June 2022, when the Acceptance Period is set to expire, Accell Group would like to reiterate and state the process for the avoidance of any doubt.

The Offeror shall publish a press release on or before 9 June 2022 in which it shall either declare the Offer unconditional, terminate the Offer or extend the Acceptance Period, depending on the outcome of the Offer and satisfaction of the Offer Conditions. The possible scenarios are:

1. If the 80% acceptance threshold is met or exceeded (and all other Offer Conditions are satisfied or waived):

The Offeror must declare the Offer unconditional. The Offeror shall proceed with the Settlement of Shares tendered during the Acceptance Period and declare a customary 2-week Post Acceptance Period. It is the intention of the Offeror to ultimately acquire 100% of the Shares.



2. If the 80% acceptance threshold is not met (and all other Offer Conditions are satisfied or waived):

The Offeror has the option to terminate the Offer. The Offeror can decide to terminate the Offer at its sole discretion without incurring any penalty. Accell Group will continue to operate standalone as a listed company on Euronext Amsterdam. The tendered Shares shall be returned to the relevant shareholders.
The Offeror has the option to extend the Acceptance Period. The Offeror may decide, in close consultation with Accell Group, to extend the Acceptance Period for a period of 2 to 10 weeks.
The Offeror has the option to declare the Offer unconditional with the approval of the Accell Group Boards. In this scenario, the Offeror shall proceed with the Settlement of Shares tendered during the Acceptance Period and declare a 2-week Post Acceptance Period.

The Acceptance Period for the Offer is set to expire on 3 June 2022 at 17:40 hours CEST. Shareholders wishing to tender their Shares should contact their financial intermediary to obtain information about the deadline by which such shareholder must send instructions to the financial intermediary to accept the Offer, as such deadline may be earlier than 3 June 2022.

More information with regard to the Offer can be found at abouttheoffer.accell-group.com