In accordance with the principles for appointment of the Nomination Committee of CoinShares International Limited adopted by the Annual General Meeting on 20 June 2022, the Nomination Committee shall consist of four members appointed by the three largest shareholders. The fourth member shall be a representative of the Board of Directors. Based on the above, the Nomination Committee ahead of the Annual General Meeting has been determined to consist of the following persons, who together represent approximately 51.32% of the number of shares and votes in the Company as per 31 August 2023: Michael Carlton, appointed by Daniel Masters, Chair of the Nomination Committee; Gunther Thumann, appointed by Mognetti Partners Limited; Paul Davidson, appointed by Russell Newton; Johan Lundberg, representative of the Board of Directors of CoinShares International Limited.