Certain Ordinary Shares of Grupo Ecoener, S.A.U. are subject to a Lock-Up Agreement Ending on 1-NOV-2021. These Ordinary Shares will be under lockup for 185 days starting from 30-APR-2021 to 1-NOV-2021.

Details:
The Pre-Offering Sole Shareholder undertakes with each Underwriter that, during a period from the date of the execution of the Underwriting Agreement to and including 180 days after the Settlement Date, neither the Pre Offering Sole Shareholder nor any of its affiliates nor any person acting on its or their behalf (other than the Underwriters, as to whom the Pre-Offering Sole Shareholder will give no undertaking) will, without the prior consent of the Sole Global Coordinator and Joint Bookrunner, directly or indirectly offer, pledge, sell, announce an intention to sell or contract to sell, sell or grant any option, right, warrant
or contract to purchase, exercise any option to sell, purchase any option or contract to sell, or lend or otherwise transfer or dispose of any ordinary shares or other shares of the Company or other securities that are substantially similar to the ordinary shares, or any securities convertible into or exercisable or exchangeable for ordinary shares or other shares of the Company or other securities that are substantially similar to the ordinary shares or file any prospectus under the Prospectus Regulation or any similar document with any other securities regulator, stock exchange or listing authority with respect to any of the foregoing; enter into any swap or any other agreement or any transaction that transfers, in whole or in part, directly or indirectly, the economic consequence of ownership of any ordinary shares or other shares of the Company; or enter into any other transaction with the same economic effect as sub-clauses (i) and (ii) above, or agree to do or announce or otherwise publicize the intention to do any of the foregoing.

These restrictions shall not apply to such ordinary shares held by the Pre-Offering Sole Shareholder as may be lent by such Pre-Offering Sole Shareholder to the Sole Global Coordinator and Joint Bookrunner pursuant to a stock lending agreement between the Sole Global Coordinator and Joint Bookrunner and such Pre-Offering Sole Shareholder; and transfers of ordinary shares by the Pre-Offering Sole Shareholder in favor of its affiliates, provided that
(x) such transferees shall agree to be bound by the lock-up obligations of the Pre-Offering Sole Shareholder as are set forth in the Underwriting Agreement for the remainder of such 180-day period and (y) any such inter-company transfers of ordinary shares shall be performed on terms and conditions that do not conflict with the Offering.