Sale of Significant Shares in a Subsidiary

27 Jun 2024 16:14 CEST

Barcelona, on June 27th, 2024

On June 26th, 2024, MUTTER VENTURES (hereinafter "MUTTER" or "The Company")  formalized the sale of 579 shares of the company SALDADOS, S.L. (hereinafter  "SALDADOS" or "The Subsidiary") for the amount of 526.174 euros to a current  shareholder of SALDADOS ("The Buyer") in the structure detailed below:

• A total of 266 shares of SALDADOS were sold through a cash payment of  266.429 euros.
• A total of 313 shares of SALDADOS were sold through the contribution of a  credit right worth 299.745 euros in advertising services from a leading  audiovisual group in Spain.
 

After this initial partial divestment, MUTTER VENTURES still holds 1.647 shares of  SALDADOS, representing 35.05% of the share capital.
 

Additionally, on June 26th, 2024, a sales agreement was formalized with The Buyer,  under which MUTTER will divest its remaining 1.647 shares for 2,09 million euros  between 2025 and 2027, subject to the accomplishment of a Business Plan in the  Subsidiary, bringing MUTTER's total divestment in SALDADOS to 2,62 million euros.
 

This corporate operation represents the first divestment by MUTTER and marks the  closing of an investment cycle since the Company was established in 2019. With  this operation, MUTTER will realize a return on its investment of more than 6x times  the invested capital by the end of the 2027 fiscal year.

_________________________

Cristian Rodríguez Fornós 

Chairman of the Board of Directors

sale-significant-shares-subsidiary.pdf