PRESS RELEASE

Ad hoc announcement pursuant to clause 16 of the BX Swiss Listing Rules

Ultima Capital SA announces that its Annual General Meeting 2024 will be held on 28 June 2024. The Extraordinary General Meeting of shareholders scheduled on 21 May 2024 is cancelled and the resolutions proposed to shareholders will be added to the agenda for the Annual General Meeting 2024.

Zug (Switzerland), 17 May 2024 - Ultima Capital SA (BX: ULTIMA, "Ultima"), a Swiss luxury real estate owner, developer and operator listed on BX Swiss, announces that its Board of Directors has decided to adjourn the next Extraordinary General Meeting of Shareholders in favor of the 2024 Annual General Meeting to be held next June.

For organisational reasons and in the best interest of the shareholders, the Board of Directors has resolved to extend the agenda for the Annual General Meeting by including the proposals initially to be submitted at the Extraordinary General Meeting of Shareholders scheduled for 21 May. As a result, the Extraordinary General Meeting initially scheduled on 21 May 2024 will not take place.

To this end, the Board of Directors will reiterate its proposals to the shareholders, namely the possibility of electing 3 new board members, the appointment of Petar Krstic, CEO of Ultima Capital SA, as Chairman of the Board, and an increase in the company's conditional share capital of Ultima Capital SA.

Invitations to the Annual General Meeting will be sent to the shareholders in accordance with the applicable legal requirements.

About Ultima Capital SA

Ultima Capital SA holds and develops a portfolio of 48 residences, chalets, villas and plots across 11 locations. The business activity of Ultima includes the long-term direct or indirect holding of luxury properties, located in France (Courchevel, Megève, Cannes), in renowned ski resorts in Switzerland (Gstaad, Schönried, Crans- Montana), while the other properties are located in the Geneva City area and in Greece (Corfu).

The Company's shares are traded on the BX Swiss exchange in Switzerland under the ticker symbol 'ULTIMA' (Swiss Security number 49106400, ISIN: CH0491064009).

Media:

Investors:

Cabinet Privé de Conseils (CPC), Geneva

Ultima Capital SA

Toomas Kull: +41 76 748 01 74

Sven Flory (Chief Commercial Officer)

CPC: +41 22 552 46 46

Investor Relations

media@ultimacapital.com

investors@ultimacapital.com

Disclaimer

This communication expressly or implicitly contains certain forward-looking statements concerning ULTIMA CAPITAL SA and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of ULTIMA CAPITAL SA to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. ULTIMA CAPITAL SA is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

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Ultima Capital SA published this content on 17 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 May 2024 18:37:00 UTC.