Certain Ordinary Shares of Pepco Group N.V. are subject to a Lock-Up Agreement Ending on 23-NOV-2021. These Ordinary Shares will be under lockup for 187 days starting from 20-MAY-2021 to 23-NOV-2021.

Details:
The Principal Selling Shareholder have agreed not to issue or sell additional Shares (lock-up) until the date falling 180 days after the date of the Company's listing on the WSE. The lockup restrictions are subject to certain customary exceptions and may otherwise only be waived with the prior written consent of the Joint Global Coordinators. In addition, each of the Management Selling Shareholders has agreed not to sell any Shares until 1 January 2023 (at which time they will each be permitted to sell two-thirds of the Shares that they hold as at the date of the Company's listing on the WSE. The lock-up undertaking in respect of the Management Selling Shareholders' remaining Shares will expire on 1 January 2024. As with the Company and the Principal Selling Shareholder, the Management Selling Shareholders' lock-up restrictions are subject to certain customary exceptions and may be waived with the consent for the Joint Global Coordinators (in respect of the 365-day period from the WSE listing date) and Company.