Certain Ordinary Shares of Largo SA are subject to a Lock-Up Agreement Ending on 22-APR-2022. These Ordinary Shares will be under lockup for 367 days starting from 20-APR-2021 to 22-APR-2022.

Details:
A group of shareholders together representing 64% of the Company's capital (including Largo Group to the tune of 56.4%) prior to the Offering have subscribed to a lock-up commitment for a period of 365 calendar days from the date of settlement-delivery of the Offering regarding 100% of what they held on the date they signed their commitments (the “Shares Held”) (with the exception of the shares liable to be divested within the framework of this Offering). Another group of shareholders together representing 36% of the Company's capital prior to the Offering have also subscribed to a lock-up commitment for a period of 365 calendar days from the date of settlement-delivery of the Offering regarding 100% of what they held on the date they signed their commitments (the “Shares Held”) (with the exception of the shares liable to be divested within the framework of this Offering)