Climate Transition Capital Acquisition I B : CTCA1 Announces Liquidation Distributions

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

PRESS RELEASE

Climate Transition Capital Acquisition I BV in liquidation (in liquidatie) announces liquidation distributions

Amsterdam, 27 October 2023

Today, Climate Transition Capital Acquisition I B.V. in liquidation (in liquidatie) (the Company), a special purpose acquisition company (SPAC) listed on Euronext Amsterdam, announces the statutory creditor opposition period of two months has expired and that no objections to the Company's liquidation were lodged.

On this basis, the shares will be delisted from Euronext Amsterdam on 30 October 2023, with the last day to trade shares being today, 27 October 2023, and the liquidation will become effective on 2 November 2023.

The gross amount per share that shareholders will receive as liquidation distributions is EUR10.1103 per Ordinary Share. Liquidation distributions to Ordinary Shareholders are generally subject to a 15% Dutch dividend withholding tax to the extent that the liquidation amount paid exceeds the average paid-in capital per share (being EUR9.601 per Ordinary Share) as recognised for Dutch dividend withholding tax purposes. The net liquidation amount payable per Ordinary Share will be EUR10.0337.2

The relevant dates in respect of payment of liquidation distributions are as follows:

Record date	31 October 2023
Payment date	1 November 2023
Inside Information

This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation (Regulation 596/2014).

Further information

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1. At the IPO in July 2021 CTCA1 issued "Units" for a consideration of EUR 10.00 per Unit. Each Unit entitled the holder to 1 Ordinary Share and ⅓ of a Warrant. CTCA1 performed a fair value assessment at the time which established the €10.00 per Unit split EUR 9.60 per ordinary
   Share and EUR 0.40 per ⅓ Warrant (EUR 1.20 per warrant). Further details can be found in CTCA1's Annual Report and Financial Statements for 2021 and 2022.
2. Certain Ordinary Shareholders may be subject to reduced rates of Dutch dividend withholding tax or for an exemption in terms of which such withholding tax would be refunded to them in whole or in part. As Dutch dividend withholding tax will by default be withheld on all liquidation payments, it is the responsibility of any such Ordinary Shareholders to determine such eligibility and reclaim the relevant portion withheld.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

Disclaimer

This announcement may include forward-looking statements, which are based on CTCA1's current expectations and projections about future events and speak only as of the date hereof. By their nature, forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors because they relate to events and depend on circumstances that will occur in the future whether or not within or outside the control of CTCA1. Such factors may cause actual results, performance or developments to differ materially from those expressed or implied by such forward-looking statements. Accordingly, no undue reliance should be placed on any forward-looking statements. CTCA1 operates in a rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible to predict all risks and uncertainties, nor to assess the impact that these factors will have on CTCA1. Forward-looking statements speak only as at the date at which they are made and CTCA1 undertakes no obligation to update these forward-looking statements.