Spice Private Equity : November 15, 2021 – Buyback Launch

Ad hoc announcement pursuant to Art. 53 LR

Spice Private Equity Ltd. announces a new repurchase of own shares

at a fixed price (Rückkauf zum Festpreis)

Zug, 26 January 2022

Following the high demand of shareholders of Spice Private Equity Ltd., Zug (the "Company", ticker symbol "SPCE") to participate in the buyback, which has been terminated on 13 December 2021, the Board of Directors of the Company has decided to launch a new buyback and thereby repurchase up to a maximum of 202,796 registered shares (3.78% of the share capital of the Company and 13.47% of the free float) for the purpose of a share capital reduction through the cancellation of the repurchased shares.

The offered repurchase price for each registered share amounts to USD 15.50. The repurchase offer is open for acceptance from 10 February 2022 until 23 February 2022 (4 pm CET). The settlement date of the transaction is 28 February 2022.

The buyback notice can be downloaded from the website of the Company (http://www.spice-private-equity.com/investors/buyback-program/).

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 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 ad hoc 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 ad hoc 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 ad hoc 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 ad hoc 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 ad hoc information must not be acted on or relied upon by persons other than Relevant Persons.