PRESS RELEASE

AMSTERDAM - 17 January 2023 / SPEAR Investments I B.V. (the Company) announces that the number of Ordinary Shares not tendered for repurchase during the Pre-Extension Repurchase Period is 5,063,912, equating to EUR 50.6 million of capital based on the at-settlement price per Unit of EUR 10.00.

As previously announced, the Company's board of directors is currently considering the number of shares tendered and will on this basis determine whether or not to exercise the Board Non-Extension Right. This right will lapse if it has not been exercised by the end of 14 February 2023.

Shareholders will be advised by press release once the board has made this determination.

Further information can be found in the shareholder circular and press releases on our website at www.spearinvestments.com/investor-relations/.

About SPEAR Investments I B.V.

SPEAR was formed in order to identify and become a valuable partner to a fast-growing European business, and to support this company in the accelerated achievement of its goals. SPEAR's multi-skilled team has many decades of experience in successfully supporting the listings and ongoing growth of public companies, as well as in providing sector-specific, operational, and capital-market related support for leading global businesses.

Contact

Basisweg 10, 1043 AP

Amsterdam, the Netherlands

Phone

+ 31 (0) 208 946 270

General enquiries info@spearinvestments.com

IR enquiries ir@spearinvestments.com

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Disclaimer

Spear Investments I BV published this content on 17 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 January 2023 09:19:01 UTC.