Nolet Holding B.V. signed an conditional agreement to acquire the remaining 70.1% stake in Lucas Bols N.V. (ENXTAM:BOLS) for approximately ?190 million on October 9, 2023. The financial terms of the offer are as all outstanding shares in the capital of Lucas Bols of ?18 per share (cum dividend) in cash. The Offeror will fully finance the transaction from cash resources available within the Nolet Group, providing very high deal certainty. The current members of the Management Board and Supervisory Board of Lucas Bols will remain in office, strengthened by two additional Supervisory Board members designated by Nolet. The Transaction is subject to customary pre-offer conditions and offer conditions. If the Merger Agreement is terminated because Lucas Bols made an adverse recommendation change or in connection with a Competing Offer, Lucas Bols shall pay the Offeror a ?2.15 million termination compensation. The Offeror and Lucas Bols anticipate that the Offer will close in the first half of 2024. As on December 12, 2023, Lucas Bols Boards unanimously recommend Shareholders to accept the Offer and tender their Shares, Acceptance Period runs from December 13, 2023 to February 7, 2024. Completion of the Offer is expected in Q1 2024. The obligation of the Offeror to declare the Offer unconditional (gestand doen) is subject to the satisfaction or waiver of the offer conditions. The Offer Conditions may be waived by the Offeror and/or the Company, to the extent permitted by Law or by agreement. If, following the Settlement Date and the Post-Acceptance Period, the Offeror's Group holds in the aggregate at least 95% of the Shares (the "Statutory Buy-Out Threshold"), the Offeror shall commence (a) a compulsory acquisition procedure. As on February 7, 2023, Nolet and Lucas Bols are pleased to announce that, considering that all Offer Conditions have been satisfied, the Offeror declares the Offer unconditional. Settlement of the Offer will take place on February 13, 2024, on which date the Consideration of ?18 (cum dividend) per Tendered Share will be paid. Shareholders who have not yet tendered their Shares may tender their Shares during the Post Acceptance Period commencing on February 8, 2024 and ending on February 21, 2024. During the Offer Period, which ended on February 7, 2024, 6,260,449 Shares have been tendered under the Offer, representing approximately 41.8% of the Outstanding Capital. Including the 4,476,853 Shares already held by Nolet on the date hereof, Nolet will hold 10,737,302 Shares, representing a total of approximately 71.7% of the Outstanding Capital. Considering that all Offer Conditions have now been satisfied, the Offeror declares the Offer unconditional.

AXECO Corporate Finance B.V. is acting as a financial advisor to Nolet. Gaby Smeenk, Henk van Ravenhorst, Rick van 't Wout of De Brauw Blackstone Westbroek N.V. and Coöperatie Forest Flint U.A. are acting as legal advisors to Nolet. ABN AMRO Bank N.V. is acting as the financial advisor and provide fairness, and Loyens & Loeff N.V. acted as legal adviser to to Lucas.