Spice Private Equity : May 13, 2021 – G2D Investments Ltd. has received its publicly-traded company registration

Press Release

G2D Investments Ltd receives its publicly-traded company registration

Zug, 14 May 2021

Spice Private Equity Ltd (the "Company" or "Spice PE") hereby announces that G2D Investments Ltd. ("G2D") has received its publicly-traded company registration on 13 May 2021.

As per the press releasepublished by the Company on 8 September 2020, G2D was seeking to conduct an initial public offering ("IPO") on the Bermuda Stock Exchange (BSX) with the concurrent listing of Brazilian Depositary Receipts (BDRs) on the Brazilian Stock Exchange (B3). After meeting regulatory criteria, the IPO was priced at BRL 7.16 per BDR, representing an implied premium of 25% over its Net Asset Value (NAV) per share, and raising a total of approximately BRL 260 million (two hundred and sixty million Brazilian Reais) considering its base offer and approximately BRL 299 million (two hundred and ninety-nine million Brazilian Reais) if the green shoe is also considered. The trading of G2D BDRs is scheduled to start on 17 May 2021, under the ticker G2DI33 on the B3.

G2D Investments Ltd. seeks investment opportunities in Brazil, the U.S. and Europe. The focus is on high growth companies that leverage new technologies to offer services and products in efficient and innovative ways. G2D's current portfolio includes Blu, CERC, Sim;Paul, Mercado Bitcoin, Quero Educação, Expanding Capital and The Craftory.

For further information, please contact:

Rodrigo Boscolo

Investor & Media Relations

Phone: [phone]

Email: [e-mail]

Web: www.spice-private-equity.com

About Spice Private Equity Ltd

Spice Private Equity Ltd ("Spice PE") is an investment company focused on global private equity

investments. Its investments are held by Spice Private Equity (Bermuda) Ltd and managed by GP

Advisors (Bermuda), Ltd., a wholly owned subsidiary of GP Investments, Ltd. a leading alternative

investments firm known for its operationally oriented approach and active management model.

Spice Private Equity Ltd is listed on the SIX Swiss Exchange under the ticker symbol SPCE.

Disclaimer

This ad hoc information contains forward-looking statements, which involve certain risks, uncertainties and changes that cannot be foreseen and are beyond Spice Private Equity Ltd's ability to control. Therefore, Spice Private Equity Ltd cannot provide any assurance with respect to the correctness of such forward-looking statements and their effects on the financial situation of Spice Private Equity Ltd or on the market in which the shares and other securities of Spice Private Equity Ltd are traded.

This media information does not constitute an offer or invitation to subscribe for or purchase any securities. It is not being issued in countries where the dissemination of the information contained herein may be restricted or prohibited by law. In particular, this media information is not being issued in the United States of America and should not be distributed to U.S. persons or publications with a general circulation in the United States.

Any non-compliance with such restrictions may result in an infringement of U.S. securities laws. Securities of Spice Private Equity Ltd are not being publicly offered outside of Switzerland. In particular, the securities of Spice Private Equity Ltd have not been registered under the U.S. securities laws and may not be offered, sold or delivered within the United States or to U.S. persons absent the registration under or an applicable exemption from the registration requirements of the U.S. securities laws. This document does not constitute a prospectus according to the Swiss Federal Act on Financial Services.

This media information is for distribution in the United Kingdom only to (a) persons outside the United Kingdom; (b) those persons falling within the definition of Investment Professionals (as set forth in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the Order)) or within Article 43 (members and creditors of certain bodies corporate) or Article 49 (high net worth companies, unincorporated associations etc.) of the Order, or other persons to whom it may lawfully be communicated in accordance with the Order; or (c) any person to whom it may otherwise lawfully be communicated (such persons together being Relevant Persons). This media information is only available to Relevant Persons and the transaction contemplated herein will be available only to, or engaged in only with Relevant Persons, and this media information must not be acted on or relied upon by persons other than Relevant Persons.