Registre de Commerce et des Sociétés

YYQUHLP20220511T15030101_002
Numéro RCS : B141451
Référence de dépôt : L220130149 RCSL Nr. : B141451 Matricule : 2008 2436 732
Déposé et enregistré le 11/07/2022
eCDF entry date : 01/07/2022

ABRIDGED BALANCE SHEET

Financial year from 01 01/01/2021 to 02 31/12/2021 (in 03 CHF )

Zebra Holdings and Investments S.à r.l.

40, Boulevard Grande Duchesse Charlotte
L-1330 Luxembourg

ASSETS

Reference(s) Current year Previous year

A. Subscribed capital unpaid 1101 101 102

I. Subscribed capital not called 1103 103 104

II. Subscribed capital called but

unpaid 1105 105 106

B. Formation expenses 1107 107 108

C. Fixed assets 1109 109 688.561.058,71 110 669.747.387,26

I. Intangible assets 1111 111 112

II. Tangible assets 1125 125 126

III. Financial assets 1135 3 135 688.561.058,71 136 669.747.387,26

D. Current assets 1151 151 372.990.252,90 152 394.416.270,54

I. Stocks 1153 153 154

II. Debtors 1163 4 163 5.085.290,87 164 5.862.488,70

a) becoming due and payable
within one year 1203 203 3.195.431,58 204 4.410.720,46
b) becoming due and payable
after more than one year 1205 205 1.889.859,29 206 1.451.768,24
III. Investments 1189 5 189 367.684.411,65 190 385.962.601,10
IV. Cash at bank and in hand 1197 197 220.550,38 198 2.591.180,74

E. Prepayments 1199 6 199 321.377,90 200 303.266,84

TOTAL (ASSETS) 201 1.061.872.689,51 202 1.064.466.924,64

The notes in the annex form an integral part of the annual accounts
 YYQUHLP20220511T15030101_002

RCSL Nr. : B141451 Matricule : 2008 2436 732

CAPITAL, RESERVES AND LIABILITIES

Reference(s) Current year Previous year

A. Capital and reserves 1301 7 301 -13.756.828,44 302 -14.464.681,24

I. Subscribed capital 1303 303 100.000,00 304 100.000,00
II. Share premium account 1305 305 36.715.257,22 306 36.715.257,22
III. Revaluation reserve 1307 307 308

IV. Reserves 1309 309 10.000,00 310 10.000,00

V. Profit or loss brought forward 1319 319 -51.289.938,46 320 -51.640.818,91
VI. Profit or loss for the financial year 1321 321 707.852,80 322 350.880,45
VII. Interim dividends 1323 323 324

VIII. Capital investment subsidies 1325 325 326

B. Provisions 1331 331 332

C. Creditors 1435 9 435 1.075.629.517,95 436 1.078.931.605,88

a) becoming due and payable
within one year 1453 453 477.039.011,79 454 480.399.164,93
b) becoming due and payable
after more than one year 1455 455 598.590.506,16 456 598.532.440,95

D. Deferred income 1403 403 404

TOTAL (CAPITAL, RESERVES AND LIABILITIES) 405 1.061.872.689,51 406 1.064.466.924,64

The notes in the annex form an integral part of the annual accounts
Registre de Commerce et des Sociétés
YYQUHLP20220511T15030101_003
Numéro RCS : B141451
Référence de dépôt : L220130149 RCSL Nr. : B141451 Matricule : 2008 2436 732
Déposé le 11/07/2022
eCDF entry date : 01/07/2022

ABRIDGED PROFIT AND LOSS ACCOUNT

Financial year from 01 01/01/2021 to 02 31/12/2021 (in 03 CHF )

Zebra Holdings and Investments S.à r.l.

40, Boulevard Grande Duchesse Charlotte
L-1330 Luxembourg

Reference(s) Current year Previous year

1. to 5. Gross profit or loss 1651 10 651 -1.906.234,85 652 -1.921.729,71

6. Staff costs 1605 16 605 -67.026,36 606 -54.511,43

a) Wages and salaries 1607 607 -59.232,91 608 -47.322,58
b) Social security costs 1609 609 -6.751,82 610 -6.157,09
i) relating to pensions 1653 653 -6.751,82 654 -6.157,09
ii) other social security costs 1655 655 656

c) Other staff costs 1613 613 -1.041,63 614 -1.031,76

7. Value adjustments 1657 657 658

a) in respect of formation expenses

and of tangible and intangible
fixed assets 1659 659 660

b) in respect of current assets 1661 661 662

8. Other operating expenses 1621 11 621 622 -8.802,51

The notes in the annex form an integral part of the annual accounts
 YYQUHLP20220511T15030101_003

RCSL Nr. : B141451 Matricule : 2008 2436 732

Reference(s) Current year Previous year

9. Income from participating interests 1715 715 716 1.019.787,74

a) derived from affiliated undertakings 1717 12 717 718 1.019.787,74
b) other income from participating
interests 1719 719 720

10. Income from other investments and

loans forming part of the fixed assets 1721 721 49.461.888,14 722 6.743.909,52
a) derived from affiliated undertakings 1723 723 724

b) other income not included under a) 1725 13 725 49.461.888,14 726 6.743.909,52

11. Other interest receivable and similar

income 1727 14 727 31.498.313,16 728 28.902.982,70
a) derived from affiliated undertakings 1729 729 730 65.851,76
b) other interest and similar income 1731 731 31.498.313,16 732 28.837.130,94

12. Share of profit or loss of

undertakings accounted for under the
equity method 1663 663 664

13. Value adjustments in respect of

financial assets and of investments
held as current assets 1665 665 666

14. Interest payable and similar expenses 1627 15 627 -78.273.880,83 628 -34.319.276,56
a) concerning affiliated undertakings 1629 629 -36.865.742,25 630 -19.761.830,09
b) other interest and similar expenses 1631 631 -41.408.138,58 632 -14.557.446,47

15. Tax on profit or loss 1635 635 636 0,00

16. Profit or loss after taxation 1667 667 713.059,26 668 362.359,75

17. Other taxes not shown under items

1 to 16 1637 637 -5.206,46 638 -11.479,30

18. Profit or loss for the financial year 1669 669 707.852,80 670 350.880,45

The notes in the annex form an integral part of the annual accounts
Registre de Commerce et des Sociétés
Numéro RCS : B141451
Référence de dépôt : L220130149
Déposé le 11/07/2022

Zebra Holdings and Investments S.à r.l.

ANNUAL ACCOUNTS

FOR THE YEAR ENDED

31 DECEMBER 2021

Registered office: 40, Boulevard Grande Duchesse Charlotte

L-1330 Luxembourg
R.C.S. Luxembourg B141.451
 Table of contents

Page(s)

Abridged balance sheet 1/2 - 2/2

Abridged profit and loss account 1/2 - 2/2
Notes to the annual accounts 1 - 10
 Zebra Holdings and Investments S.à r.l.
Notes to the annual accounts for the year 31 December 2021
(Expressed in CHF)

1. GENERAL
Zebra Holdings and Investments S.à r.l. (the “Company”) was incorporated in Luxembourg on
12 August 2008 as a société à responsabilité limitée (“S.à r.l.”) subject to the Luxembourg law
for an unlimited period of time. On 29 April 2016, the Company transferred its registered office
from 19, rue de Bitbourg, L-1273 Luxembourg to 40, Boulevard Grande Duchesse Charlotte,
L-1330 Luxembourg. The Company is registered with the “Registre de Commerce et des
Sociétés” in Luxembourg under the number B141.451.

The purpose of the Company is the holding of participations, in any form whatsoever, in
Luxembourg and foreign companies and any other form of investment, the acquisition by
purchase, subscription or in any other manner as well as the transfer by sale, exchange or
otherwise of securities of any kind and the administration, control and development of its
portfolio.

An additional purpose of the Company is the acquisition and sale of real estate properties
either in the Grand-Duchy of Luxembourg or abroad as well as all operations relating to real
estate properties, including the direct or indirect holding of participation in Luxembourg or
foreign companies, the principal object of which is the acquisition, development, promotion,
sale, management and/or lease of real estate properties.

The Company may further guarantee, grant security in favor of third parties to secure its
obligations or the obligations of companies in which it holds a direct or indirect participation or
which form part of the same group of companies as the Company, grant loans or otherwise
assist the companies in which it holds a direct or indirect participation or which form part of the
same group of companies as the Company.

The Company may borrow in any form and may issue any kind of notes, bonds and debentures
and generally issue any debt, equity and/or hybrid securities in accordance with Luxembourg
law.

The Company may carry out any commercial, industrial, financial, real estate or intellectual
property activities which it may deem useful in accomplishment of these purposes.

The Company’s financial year runs from 1st January to 31st December.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

2.1. Basis of preparation

These annual accounts have been prepared in conformity with applicable legal and statutory
requirements in Luxembourg under the historical cost convention except for transferable
securities which are valued at the lower of cost or market.
The preparation of these annual accounts requires the use of certain critical accounting
estimates. It also requires the Board of Managers to exercise significant judgment in the
process of applying the accounting policies. Changes in assumptions may have a significant
impact on the annual accounts in the period in which the assumptions changed. Management
believes that the underlying assumptions are appropriate and that the annual accounts
therefore present the financial position and results fairly.

-1-
 Zebra Holdings and Investments S.à r.l.
Notes to the annual accounts for the year 31 December 2021
(Expressed in CHF)

The Company makes estimates and assumptions that affect the reported amounts of assets
and liabilities in the next financial year. Estimates and judgments are continually evaluated and
are based on historical experience and other factors, including expectations of future events
that are believed to be reasonable under the circumstances.
2.2. Significant accounting policies
The following are the significant accounting policies and valuation rules adopted by the
Company in the preparation of these annual accounts.
2.2.1. Foreign currency translation
The Company maintains its books and records in Swiss Francs (“CHF”). The abridged balance
sheet and the abridged profit and loss account are expressed in CHF.
Translation of foreign currency transactions

Foreign currency transactions are translated into CHF using the exchange rates prevailing at
the dates of the transactions.

Translation of foreign currency balances as at the balance sheet date

x Financial fixed assets denominated in currencies other than CHF are translated at the
historical exchange rates;
x Other assets denominated in currencies other than CHF are translated at the lower
between the exchange rate prevailing at the balance sheet date and historical exchange
rate;
x Debts denominated in currencies other than CHF having an economic link with financial
fixed assets are translated at the historical exchange rates;
x Other debts denominated in currencies other than CHF are translated at the higher
between the exchange rate prevailing at the balance sheet date and historical exchange
rate; and
x Cash at bank and in hand denominated in currencies other than CHF are translated at the
exchange rates prevailing at the balance sheet date.

As a result, realized exchange gains and losses and unrealized exchange losses are recorded
in the profit and loss account. Unrealized exchange gains are not recognized except if it arises
from cash at bank and in hand.

2.2.2. Financial assets

Financial assets are composed of shares in affiliated undertakings, shares in undertakings with
participating interests and loans and claims held as fixed assets. Shares in affiliated
undertakings and shares in undertakings with participating interests are valued at acquisition
costs including the expenses incidental thereto. Loans and claims held as fixed assets are
valued at nominal value.

In case of durable decline in value according to the opinion of the Board of Managers, value
adjustments are made in respect of financial fixed assets so that these are valued at the lower
figure to be attributed at balance sheet date. These value adjustments are not continued if the
reasons for which the value adjustments were made ceased to apply.

-2-
 Zebra Holdings and Investments S.à r.l.
Notes to the annual accounts for the year 31 December 2021
(Expressed in CHF)

2.2.3. Debtors
Debtors are recorded at their nominal value. These are subject to value adjustments where
their recovery is compromised. These value adjustments are not continued if the reasons for
which the value adjustments were made ceased to apply.

2.2.4. Investments
Investments are valued, individually, at the lower of purchase price or market value. Acquisition
cost includes the incidental costs incurred at the time of the acquisition and is calculated on
the basis of weighted average cost method. A value adjustment is recorded where the market
value is lower than the purchase price. The market value corresponds to:

x For securities listed on a stock exchange or traded on another regulated market, the
market value is based on the last available quote.
x For unlisted securities or securities that are not traded on another regulated market or
where the last quote is not representative, the market value is based from the most
probable market or recovery value estimated with due care and in good faith by the Board
of Managers.

2.2.5. Provisions
Provisions are intended to cover losses or debts which originate in the financial year under
review or in the previous financial year, the nature of which is clearly defined and which, at the
date of the balance sheet, are either likely to be incurred or certain to be incurred but uncertain
as to their amount or the date they will arise.
Provisions for taxation
Provisions for taxation corresponding to the tax liability estimated by the Company for the
financial years for which the tax return has not yet been filed are recorded under the caption
“Provisions”. The advance payments are shown in the assets of the balance sheet under the
“Debtors” item.
2.2.6. Creditors
Creditors are recorded at their reimbursement value.
2.2.7. Comparative information
The presentation of certain items in the previous year’s subordinated debts becoming due and
payable after more than year was reclassified to subordinated debts becoming due and
payable within one year. The reclassification has no impact on the previous year’s profit or loss
and net equity.

-3-
 Zebra Holdings and Investments S.à r.l.
Notes to the annual accounts for the year 31 December 2021
(Expressed in CHF)

3. FINANCIAL ASSETS
Movements in financial fixed assets during the year are as follows:
Shares in Loans to Total
affiliated affiliated
undertakings undertakings

CHF CHF CHF

Gross book value - opening balance 667.507.387,26 2.240.000,00 669.747.387,26

Additions for the year 18.450.035,09 363.636,36 18.813.671,45
Disposals for the year - - -
Transfers for the year - - -
Gross book value - closing balance 685.957.422,35 2.603.636,36 688.561.058,71

Accumulated value adjustment - opening balance - - -

Allocations for the year - - -
Reversals of amortisation - - -
Transfers for the year - - -
Accumulated value adjustment - closing balance - - -

Net book value - opening balance 667.507.387,26 2.240.000,00 669.747.387,26

Net book value - closing balance 685.957.422,35 2.603.636,36 688.561.058,71

Shares in affiliated undertakings are composed of the following investments in:

Registered office % ownership Last balance Cost of Net equity at the Profit or loss
sheet date investment last balance for the last
Name of undertakings sheet date financial year
CHF
363.729 A
shares (52,91%)
40, Bd Gde Duchesse Charlotte 100.031 B 3.019.984.904,86 200.678.644,72
Nemesia S.à r.l. ("Nemesia") 31/12/2021 681.932.208,60
L-1330 Luxembourg shares (14,55%) CHF CHF
401,216 C
shares (58,36%)
40, Bd Gde Duchesse Charlotte 4.419.903,84 71.157,09
Kalyke S.à r.l. ("Kalyke") 100% 31/12/2021 4.025.213,75
L-1330 Luxembourg CHF CHF
685.957.422,35

Loans held as fixed assets are comprised of:

Name of undertakings Currency Maturity Interest 31/12/2021 31/12/2020
rate CHF CHF

Kalyke CHF 31/12/2030 0,00% 240.000,00 240.000,00

Kalyke CHF 31/12/2030 Magenta rate - margin 2.000.000,00 2.000.000,00
Kalyke CHF 31/12/2031 Magenta rate - margin 363.636,36 -

Total 2.603.636,36 2.240.000,00

-4-
 Zebra Holdings and Investments S.à r.l.
Notes to the annual accounts for the year 31 December 2021
(Expressed in CHF)

4. DEBTORS
Debtors are composed of:
Due and Due and Total Total
payable within payable after 31/12/2021 31/12/2020
one year more than one
year
CHF CHF CHF CHF

Debenture Facility Josemaria Resources 3.195.150,00 - 3.195.150,00 -

Amounts owed by affiliated undertakings 202,45 1.889.859,29 1.890.061,74 1.451.973,07
Other receivable 79,13 - 79,13 4.410.515,63

Total 3.195.431,58 1.889.859,29 5.085.290,87 5.862.488,70

Amount owed by affiliated undertakings

31/12/2021 31/12/2020
CHF CHF

Advances to Nemesia ("Budget") 503.810,00 352.903,68

Advances to Nemesia ("CAD") 19.764,08 18.974,94
Advances to Nemesia ("CHF") 1.097.063,02 814.354,59
Advances to Nemesia ("USD") 61.722,19 88.218,23
Advances to Kalyke ("Budget") 207.500,00 177.316,80
Interest on budget 202,45 204,83

Total 1.890.061,74 1.451.973,07

5. INVESTMENTS
Investments are composed of:
31/12/2021 31/12/2020
CHF CHF

Investments equity securities, at cost 459.756.840,55 486.752.298,55

Total cost 459.756.840,55 486.752.298,55
Unrealized revaluation loss - equity securities -92.072.428,90 -100.789.697,45

Total 367.684.411,65 385.962.601,10

6. PREPAYMENTS
This account is mainly constituted by charges recorded during the period but partly chargeable
in the next year.

-5-
 Zebra Holdings and Investments S.à r.l.
Notes to the annual accounts for the year 31 December 2021
(Expressed in CHF)

7. CAPITAL AND RESERVES

Movements during the year are as follows:
Subscribed Share premium Legal reserve Profit or loss Profit or loss Total
capital and similar brought for the
premiums forward financial year
CHF CHF CHF CHF CHF CHF

Opening balance 100.000,00 36.715.257,22 10.000,00 -51.640.818,91 350.880,45 -14.464.681,24

Capital contribution - - - - - -
Allocation of prior year's result - - - 350.880,45 -350.880,45 -
Result of the financial year - - - - 707.852,80 707.852,80

Closing balance 100.000,00 36.715.257,22 10.000,00 -51.289.938,46 707.852,80 -13.756.828,44

Subscribed capital
As at 31 December 2021, the subscribed capital of the Company amounts to CHF 100’000.-
represented by 100’000 shares with par value of CHF 1.00 each, all of which are fully paid up.
Share premium account
As at 31 December 2021, the share premium account of the Company amounts to CHF
36’715’257.22.
Legal reserve
In accordance with Luxembourg law, the Company is required to allocate a minimum of 5 %
of its net profits for each financial year to a legal reserve. This requirement ceases to be
necessary once the balance on the legal reserve reaches 10 % of the subscribed capital. The
legal reserve is not available for distribution to the shareholders.

8. PROVISIONS
Provisions for taxation
The Company is subject to general taxation in Luxembourg. Provisions for taxation as at 31
December 2021 are nil (31/12/2020: nil).

-6-
 Zebra Holdings and Investments S.à r.l.
Notes to the annual accounts for the year 31 December 2021
(Expressed in CHF)

9. CREDITORS
Creditors are composed of the following:
Due and Due and Total Total
payable within payable after 31/12/2021 31/12/2020
one year more than one
year
CHF CHF CHF CHF

ALL payable to shareholder 203.513.477,98 567.494.776,58 771.008.254,56 734.859.075,95

Fixed term bank loans 271.957.395,00 - 271.957.395,00 308.429.991,00
Promissory note payable to shareholder 1.300.736,15 29.248.132,80 30.548.868,95 30.548.868,95
Shareholder loans & advances 7.682,91 1.847.596,78 1.855.279,69 2.160.850,84
Trade creditors 192.642,34 - 192.642,34 264.970,98
Other payable 67.077,41 - 67.077,41 2.667.848,16

Total 477.039.011,79 598.590.506,16 1.075.629.517,95 1.078.931.605,88

ALL payable to shareholder are composed of the following:

Currency Maturity Interest 31/12/2021 31/12/2020
rate CHF CHF

Asset Linked Loan ("ALL") CHF 12/08/2023 (1) 345.392.109,82 345.392.109,82

Asset Linked Loan ("ALL Nemesia") CHF 15/12/2031 (2) 192.712.050,78 192.712.050,78
Asset Linked Loan ("ALL Kalyke") CHF 05/05/2032 (3) 6.322.496,36 5.958.860,00
Asset Linked Loan ("ALL 2") CHF 13/11/2033 (4) 23.068.119,62 23.068.119,62
Total 567.494.776,58 567.131.140,22
Interest on ALL 196.135.733,38 162.570.759,51
Interest on ALL Nemesia 6.502.680,32 4.575.559,82
Interest on ALL Kalyke 152.052,53 89.285,84
Interest on ALL 2 723.011,75 492.330,56

Total 771.008.254,56 734.859.075,95

(1) At 1 % plus variable interest equal to 99 % of the recurrent income resulting from the
underlying investments, less connected expenses (including dividends, capital gains,
foreign exchange gains and fixed interest) relating to the underlying investments less
losses carried forward.
(2) At 1 % plus variable interest equal to 99 % of the recurrent income resulting from the
underlying investment Nemesia Sarl, less connected expenses (including dividends,
capital gains, foreign exchange gains and fixed interest) relating to the underlying
investments less losses carried forward.
(3) At 1 % plus variable interest equal to 99 % of the recurrent income resulting from the
underlying investment Kalyke Sarl, less connected expenses (including dividends, capital
gains, foreign exchange gains and fixed interest) relating to the underlying investments
less losses carried forward.
(4) At 1 % plus variable interest equal to 85 % of the recurrent income resulting from the
underlying investments, less connected expenses (including dividends, capital gains,
foreign exchange gains and fixed interest) relating to the underlying investments less
losses carried forward.
The ALL, ALL Zebra, ALL Nemesia and ALL Kalyke are due and payable to Zebra Holdings
(Guernsey) Ltd.

-7-
 Zebra Holdings and Investments S.à r.l.
Notes to the annual accounts for the year 31 December 2021
(Expressed in CHF)

10. GROSS PROFIT OR LOSS

Gross profit or loss is composed of the following items:
2021 2020
CHF CHF

Legal fees -29.029,80 -80.722,52

Bank charges -226.111,66 -158.954,19
Accounting, tax and audit fees -69.971,37 -73.344,34
Rental expense -30.420,00 -30.057,29
Other commissions and professional fees -1.547.744,26 -1.576.289,61
Other external charges -2.957,76 -2.361,76

Total -1.906.234,85 -1.921.729,71

11. OTHER OPERATING EXPENSES

Other operating expenses are composed of:
31/12/2021 31/12/2020
CHF CHF

Penalties - -8.802,51

Total - -8.802,51

12. INCOME FROM PARTICIPATING INTEREST

Income from participating interest is composed of the gain realized on the sale of Lorito Real
Estate S.à r.l. in 2020.

13. INCOME FROM OTHER INVESTMENTS AND LOANS FORMING PART OF THE
FIXED ASSETS
Income from other investments are composed of:
2021 2020
CHF CHF

Gain on sale of investments 49.461.888,14 6.743.909,52

Total 49.461.888,14 6.743.909,52

-8-
 Zebra Holdings and Investments S.à r.l.
Notes to the annual accounts for the year 31 December 2021
(Expressed in CHF)

14. OTHER INTEREST RECEIVABLE AND SIMILAR INCOME

There are composed of the following:
2021 2020
CHF CHF

Realized foreign exchange gains 31.469.944,56 28.837.130,94

Interest on loans to affiliated undertakings and undertakings with participating interests - 65.851,76
Interest on other amounts 28.368,60 -

Total 31.498.313,16 28.902.982,70

15. INTEREST PAYABLE AND SIMILAR EXPENSES

These are composed of the following:
2021 2020
CHF CHF

Price loss on investments -567.453,80 10.206.998,55

Exchange loss on investments 7.420.354,29 -8.964.389,68
Realized foreign exchange losses -43.467.244,44 -9.882.795,29
Unrealized foreign exchange losses -46.673,01 311.616,26
Interest on shareholder loans -36.865.742,25 -19.761.830,09
Interest on bank fixed term loans -4.736.669,49 -6.222.166,25
Interest on bank overdrafts -10.452,13 -6.710,06

Total -78.273.880,83 -34.319.276,56

16. STAFF
The Company employed 3 staff during the financial year ended 31 December 2021 (2020: 3).

17. EMOLUMENTS GRANTED TO THE MEMBERS OF THE MANAGEMENT AND

SUPERVISORY BODIES AND COMMITMENTS IN RESPECT OF RETIREMENT
PENSIONS FOR FORMER MEMBERS OF THOSE BODIES
The Company did not grant any emoluments and has no commitments in respect of retirement
pensions to members of its management during the financial year ended 31 December 2021
(2020: nil).

18. ADVANCES AND LOANS GRANTED TO MEMBERS OF THE MANAGEMENT AND

SUPERVISORY BODIES
The Company did not grant any advances or loans to members of its management during the
financial year ended 31 December 2021 (2020: nil).

-9-
 Zebra Holdings and Investments S.à r.l.
Notes to the annual accounts for the year 31 December 2021
(Expressed in CHF)

19. OFF-BALANCE SHEET COMMITMENTS

There are no off-balance sheet commitments and contingencies as at 31 December 2021.

20. SUBSEQUENT EVENTS

In the context of a global restructuring of the group of which Nemesia S.à r.l. part, Zebra
Holdings and Investments S.à r.l. and other partners decided to form a new Luxembourg
special limited partnership under the name Nemesia Holding SCSp with effect as of 15th April
2022.

Zebra Holdings and Investments S.à r.l., as divided company, proceeds to a partial demerger
by way of incorporation of the recipient company under the name of Zebra SPV S.à r.l. and the
main part of the assets and liabilities of Zebra Holdings and Investments S.à r.l. are transferred
to Zebra SPV S.à r.l. with effect as of 27th May 2022.

- 10 -
Zebra Holdings and Investments S.à r.l.
Société à responsabilité limitée
Registered office : 40, Boulevard Grande Duchesse Charlotte
L-1330 Luxembourg
R.C.S. LUXEMBOURG : B 141.451

_________________________________________________________________________
Board of Managers :

Eric Fort
6, Rue Henri Tudor, L-2635 Luxembourg

Mélissa Rigaux
40, Boulevard Grande Duchesse Charlotte, L-1330 Luxembourg

Jérôme Chabannet
40, Boulevard Grande Duchesse Charlotte, L-1330 Luxembourg

Allocation of the result :

Result brought forward from the previous year : CHF (51’289’938.46)

Profit for the financial year ended on 31.12.2021 : CHF 707'852.80
Result to be carried forward to the following financial year : CHF (50'582'085.66)