Extraordinary General Meeting \u2013 19 June 2026<\/b><\/p>\n
Notificaci\u00f3n y orden del d\u00eda<\/b><\/p>\n
A:<\/b><\/p>\n
TODOS LOS ACCIONISTAS DE THE KINGFISH COMPANY N.V.<\/b><\/p>\n
Kats, 21 May 2026<\/b><\/p>\n
Re: Convening notice, agenda with explanatory notes and proxy for the extraordinary general meeting of The Kingfish Company N.V.<\/b><\/p>\n
Estimado accionista,<\/b><\/p>\n
En nombre del Consejo de Supervisi\u00f3n (Supervisi\u00f3n<\/b> Board<\/b>) we herewith invite you to the extraordinary general meeting of The Kingfish Company N.V., a limited liability company (naamloze vennootschap<\/i>), que tiene su sede estatutaria (zetel<\/i>) y oficinas en Oost-Zeedijk 13, 4485 PM Kats, Pa\u00edses Bajos, inscrita en el registro mercantil de la C\u00e1mara de Comercio neerlandesa con el n\u00famero 64625060 (Empresa<\/b>).<\/p>\n
The extraordinary general meeting of the Company is to be held at the offices of the Company at Oost-Zeedijk 13, 4485 PM Kats, the Netherlands, on 19 June 2026 at 14.00 hours (CEST) (EGM<\/b>).<\/p>\n
INFORMACI\u00d3N GENERAL<\/b><\/p>\n
Documentos de la reuni\u00f3n<\/b><\/p>\n
The agenda with explanatory notes thereto as well as the EGM documents (including the proposed amendment to the Company’s articles of association) are available on the Company’s website (www.thekingfishcompany.com<\/span>) a partir de hoy. Estos documentos tambi\u00e9n pueden consultarse gratuitamente en las oficinas de la empresa en Oost-Zeedijk 13, 4485 PM Kats, Pa\u00edses Bajos.<\/p>\n Fecha de registro<\/b><\/p>\n A efectos de la JGA, las personas inscritas en el Dep\u00f3sito Central de Valores noruego (VPS<\/b>) as shareholder in the Company as of 22 May 2026 (after processing of settlements on that date in the VPS) (Fecha de registro<\/b>) tienen derecho a asistir, intervenir y, en su caso, votar en la Junta General de Accionistas, independientemente de que las acciones de la Sociedad sigan siendo de su propiedad en la fecha de la Junta General de Accionistas.<\/p>\n Attendance EGM<\/b><\/p>\n Todos los accionistas, personas con derechos de reuni\u00f3n o sus representantes que deseen asistir e intervenir en la JGA deber\u00e1n registrar su intenci\u00f3n de asistir a la JGA enviando una notificaci\u00f3n a m.palstra@thekingfishcompany.com, a m\u00e1s tardar el 30 de mayo de 2025, a las 12.00 horas (CET). Todas las personas que deseen asistir a la JGA deber\u00e1n poder identificarse en la misma mediante pasaporte, documento de identidad o permiso de conducir v\u00e1lidos. Tambi\u00e9n se podr\u00e1 solicitar a los asistentes que presenten una prueba de su participaci\u00f3n en la fecha de registro (junto con, si procede, un poder por escrito y, en el caso de una persona jur\u00eddica, una prueba de la autoridad de la persona) y se les podr\u00e1 denegar el acceso en caso de que no presenten dicha prueba. La Sociedad podr\u00e1 solicitar a la persona en cuesti\u00f3n informaci\u00f3n adicional.<\/p>\n Inscripci\u00f3n e identificaci\u00f3n en el lugar de celebraci\u00f3n<\/b><\/p>\n El registro para la admisi\u00f3n a la Junta General Anual tendr\u00e1 lugar en el mostrador de registro del lugar de la reuni\u00f3n entre las 13.30 CET y el comienzo de la Junta General Anual el 4 de junio de 2025. No es posible inscribirse despu\u00e9s de esta hora. Se pedir\u00e1 a los asistentes que demuestren su identidad y su participaci\u00f3n en la fecha de registro (junto con, si procede, un poder por escrito y, en el caso de una persona jur\u00eddica, una prueba de la autoridad de la persona) y se les podr\u00e1 denegar el acceso en caso de que no presenten dicha prueba. La Sociedad podr\u00e1 solicitar a la persona en cuesti\u00f3n informaci\u00f3n adicional.<\/p>\n Votaci\u00f3n en directo y votaci\u00f3n anticipada<\/b><\/p>\n Registered shareholders or their proxies will be allowed to cast their vote during the meeting.<\/p>\n Further, shareholders or other persons with voting rights who wish to cast their votes in advance may send their votes to DNB Bank ASA by sending such votes to vote@dnb.no, no later than 12 June 2026, 12.00 p.m. (CEST).<\/p>\n Procedimiento de delegaci\u00f3n de voto<\/b><\/p>\n Los accionistas u otras personas con derecho de voto que no vayan a asistir a la Junta General de Accionistas (ni en persona ni por delegaci\u00f3n), pero que, no obstante, deseen participar en el proceso de toma de decisiones, pueden otorgar una delegaci\u00f3n de voto a Marieke Palstra, Directora de Relaciones con los Inversores de la Sociedad. Al proporcionar las instrucciones de voto por delegaci\u00f3n, dicha persona otorga un poder para votar sobre las acciones en la Junta General de Accionistas de conformidad con las instrucciones. A tal efecto, el accionista u otra persona con derecho de voto deber\u00e1 presentar un formulario de delegaci\u00f3n de voto debidamente cumplimentado y firmado a DNB Bank ASA, enviando el formulario de delegaci\u00f3n de voto a vote@dnb.no, no m\u00e1s tarde del 30 de mayo de 2025, a las 12.00 horas (CET). El formulario de instrucciones de voto por delegaci\u00f3n se publica junto con la presente convocatoria en la p\u00e1gina web de la Sociedad (www.the-kingfish-company.com) y a trav\u00e9s del anuncio de la Bolsa de Valores de la Sociedad por el que se convoca la Junta General de Accionistas, publicado en www.newsweb.oslobors.no. Este poder tambi\u00e9n puede obtenerse de DNB Bank ASA enviando una solicitud a tal efecto a vote@dnb.no y tambi\u00e9n puede obtenerse de la Sociedad enviando una solicitud a tal efecto a m.palstra@thekingfishcompany.com.<\/p>\n Preguntas <\/b><\/p>\n Shareholders or other persons with meeting rights may submit questions relating to the EGM agenda items prior to the EGM. Questions must be delivered to Jean-Charles Valette, the Company’s Chief Financial Officer, by email to j.valette@thekingfishcompany.com, no later than 12 June 2026, 12.00 p.m. (CEST). The chair of the EGM shall try to answer these questions during the EGM. The answers to the questions shall be included in the minutes of the EGM, which will be published on the Company\u2019s website (https:\/\/thekingfishcompany.com\/<\/span><\/a>) as soon as possible after the EGM.<\/p>\n Datos personales<\/b><\/p>\n La empresa se reserva el derecho de grabar los procedimientos de la Junta General para su uso en futuros eventos, publicaciones, redes sociales o actividades de prensa relacionadas con el evento. La grabaci\u00f3n podr\u00e1 consistir en fotograf\u00edas, grabaciones de v\u00eddeo o grabaciones de audio. Al asistir al evento usted consiente en ser fotografiado y\/o grabado en audio y\/o v\u00eddeo en el evento y concede a los organizadores el derecho perpetuo a utilizar su imagen, fotograf\u00eda y voz, sin compensaci\u00f3n econ\u00f3mica, para su posible uso en relaci\u00f3n con futuros eventos, publicaciones, medios sociales o actividades relacionadas con la prensa. Encontrar\u00e1 una copia de la declaraci\u00f3n de privacidad de la empresa en aqu\u00ed<\/span><\/a>.<\/p>\n ORDEN DEL D\u00cdA CON NOTAS EXPLICATIVAS<\/b><\/p>\n The EGM will be opened by the chairman of the Company’s supervisory board (Consejo de Supervisi\u00f3n<\/b>), o en su ausencia por una persona designada a tal efecto por el Consejo de Supervisi\u00f3n. A falta de tal designaci\u00f3n por el Consejo de Supervisi\u00f3n, la Junta General podr\u00e1 elegir al presidente de la misma.<\/p>\n The chairman of the EGM will, prior to the commencement of the EGM, prepare a record of persons registered with VPS as a shareholder who (i) have submitted proxy voting instructions through DNB Bank ASA and (ii) have cast their votes in advance.<\/p>\n The agenda for the EGM is as follows:<\/p>\n Reference is made to the Company’s stock exchange announcement published on www.newsweb.no on 26 March 2026 and 20 January 2026 regarding financing discussions with key stakeholders regarding the Company’s capital structure and financing arrangements related to the Company’s expected non-compliance with its EBITDA financial covenant at year-end 2025.<\/p>\n Further reference is made to the Company’s stock exchange announcements published on www.newsweb.no on 12 May 2026 and 18 May 2026 (jointly Announcements<\/b>) regarding the Company’s strategic financial restructuring, which upon completion will result in a simplified share capital structure, a significant reduction of net debt and bringing new liquidity to support the Company’s further growth (Reestructuraci\u00f3n<\/b>).<\/p>\n As part of the Restructuring, the Company has successfully placed a private placement (Colocaci\u00f3n privada<\/b>), raising committed gross proceeds of EUR 21 million, through the allocation of 392,523,364 new shares in the share capital of the Company (Colocaci\u00f3n privada<\/b> Shares<\/b>), at a subscription price of EUR 0.0535 (Precio de oferta<\/b>) per Private Placement Share.<\/p>\n The Private Placement is directed towards certain existing shareholders (Inversores<\/b>). Among the Investors is Eyrir hf., an Icelandic holding company, that has committed to subscribe for, and has been allocated, Private Placement Shares for EUR 15 million in the Private Placement. Upon completion of the Restructuring, Eyrir is expected to hold approximately 31.4% of the Company’s total share capital (prior to issuance of any new shares in the Subsequent Offering (as defined hereinafter)), making Eyrir the Company’s largest shareholder.<\/p>\n The completion of the Private Placement is subject to the satisfaction or waiver of a number of condition precedents, including the adoption of all resolution at this EGM (EGM Condition<\/b>). The Restructuring, including the Private Placement, will not be completed if the conditions precedents (including the EGM Condition) have not been fulfilled by 15 September 2026 (Long-stop Date<\/b>).<\/p>\n In order to enable the Company to perform its obligation under the Private Placement, it is proposed to:<\/p>\n These authorisations shall be subject to the following limitations:<\/p>\n Recomendaci\u00f3n<\/b><\/p>\n The Supervisory Board, with the support of the management board of the Company (Management Board<\/b>), recommends the approval of these resolutions.<\/p>\n In addition to the Private Placement and as part of the Restructuring, the Company has entered into a CLA conversion Agreement (CLA Conversion Agreement<\/b>) with all lenders under the Company’s existing 2023 convertible loan agreement (CLA<\/b>) pursuant to which each CLA lender’s total outstanding amounts, including accrued and unpaid interest (Outstanding Amount<\/b>), will be converted into shares in the share capital of the Company (Conversion Shares<\/b>), so that no Outstanding Amount shall remain due or payable under the CLA following completion of such conversion (CLA Conversion<\/b>). The Outstanding Amount was approximately EUR\u00a049\u00a0million on 12 May 2026.<\/p>\n The conversion price at which the Conversion Shares will be issued will be as follows:<\/p>\n The full amount of each CLA lender’s subscription price for its Conversion Shares shall be paid by way of set-off against the relevant Outstanding Amount of such lender and following the completion of the CLA Conversion no Outstanding Amount shall remain due or payable and the CLA will be terminated.<\/p>\n The completion of the CLA Conversion is subject to the satisfaction or waiver of a number of condition precedents, including the EGM Condition. The Restructuring, including the CLA Conversion, will not be completed if the conditions precedents (including the EGM Condition) have not been fulfilled by the long-stop Date).<\/p>\n In order to enable the Company to perform its obligation under the CLA Conversion Agreement, it is proposed to:<\/p>\n These authorisations shall be subject to the following limitations:<\/p>\n Provided that these resolutions are adopted by the EGM, such resolutions will effectively replace the rights that were granted by the Supervisory Board to the CLA lenders in July 2023 when the CLA was entered into and performed by the Company.<\/p>\n Esta resoluci\u00f3n estar\u00e1 sujeta a la aprobaci\u00f3n de la resoluci\u00f3n que figura en el punto 12 del orden del d\u00eda.<\/p>\n Recomendaci\u00f3n<\/b><\/p>\n The Supervisory Board, with the support of the Management Board, recommends the approval of these resolutions.<\/p>\n The Private Placement entails a deviation from the shareholders’ pre-emption rights pursuant to section 2:96a of the Dutch Civil Code. The Private Placement has been diligently considered by the Supervisory Board in light of the principles of equal treatment of shareholders under the section 2:92 paragraph 2 of the Dutch Civil Code and the Supervisory Board is of the opinion that it is in compliance with these principles.<\/p>\n The purpose of the Private Placement is to raise equity capital to meet the Company’s acute liquidity needs, to enable the Restructuring and secure an extended financial runway for the Company. Based on significant effort and discussions with all key stakeholders, no other means of raising capital than an equity raise structured as a private placement in combination with the full conversion of the CLA have been identified as possible in order to achieve the aforementioned purposes. All other available options for the Company than the Private Placement have been determined as more value destructive for the Company’s shareholders and other stakeholders. On this basis, the Management Board and the Supervisory Board are of the opinion that the waiver of the pre-emption rights inherent in the Private Placement is in the common interest of the Company and its shareholders.<\/p>\n Subject to completion of the Private Placement and the CLA Conversion, to facilitate equal treatment of shareholders, including by limiting the dilutive effect of the Private Placement and providing shareholders who did not participate in the Private Placement with an opportunity to subscribe for shares at the Offer Price, the Management Board and the Supervisory Board propose to carry out a subsequent offering by issuing up to 74,766,355 new shares in the capital of the Company, at the NOK equivalent of the same subscription price as the Offer Price in the Private Placement, raising up to the NOK equivalent of EUR 4 million in gross proceeds, directed towards Eligible Shareholders (as defined hereinafter) (Oferta posterior<\/b>).<\/p>\n The Subsequent Offering will be directed towards shareholders of the Company as of 11 May 2026 (as registered with the VPS two trading days thereafter) who: (i) are not an Investor and\/or a CLA lender; (ii) were not wall-crossed in connection with the Private Placement; and (iii) who are not resident in a jurisdiction where such offering would be unlawful, or would (in jurisdictions other than Norway) require any prospectus, filing, registration or similar action (Accionistas admisibles<\/b>).<\/p>\n The Subsequent Offering will, in addition to the EGM Condition, be conditional upon: (i) completion of the Private Placement; (ii) the publication by the Company of a national prospectus in Norway prior to the commencement of the subscription period; and (iii) compliance with all applicable securities laws and regulations.<\/p>\n In order to enable the Company to perform its obligation under the Subsequent Offering, it is proposed to:<\/p>\n These authorisations shall be subject to the following limitations:<\/p>\n This resolution shall be subject to the passing of the resolution set out in agenda items 2 and 3.<\/p>\n Recomendaci\u00f3n<\/b><\/p>\n The Supervisory Board, with the support of the Management Board, recommends the approval of these resolutions.<\/p>\n In connection with the issuance of shares and\/or granting of rights to subscribe for shares in the capital of the Company as a result of the Private Placement, the Conversion and the Subsequent Offering, it is proposed to increase the authorised capital of the Company by amending the Company’s articles of association. It is proposed to amend article 4 of the Company’s articles as follows and it shall forthwith read as follows:<\/p>\n “Article 4<\/p>\n Capital<\/b><\/p>\n The authorised share capital of the Company is fifteen million euro (EUR 15,000,000), divided into one billion five hundred million (1,500,000,000) Shares, with a nominal value of one eurocent (EUR 0.01) each.”<\/p>\n and in Dutch:<\/p>\n “Artikel 4<\/i><\/p>\n Kapitaal<\/i><\/b><\/p>\n Het maatschappelijk kapitaal van de Vennootschap bedraagt <\/i>vijftien miljoen euro (EUR 15.000.000), verdeeld in <\/i>\u00e9\u00e9n miljard vijfhonderd miljoen (<\/i>1,500,000,000) Aandelen, elk nominaal groot \u00e9\u00e9n eurocent (EUR 0,01).<\/i>“<\/p>\n The verbatim text of the proposal to amend the articles of association has been made available as a separate document on the website of the Company (https:\/\/thekingfishcompany.com\/<\/span><\/a>) and at the office of the Company.<\/p>\n The aforementioned proposal to amend the articles of association includes the proposal to authorise each managing director of the Company and every (candidate) civil-law notary, notarial employee and attorney-at-law of DLA Piper Nederland N.V. in Amsterdam, the Netherlands, acting jointly as well as separately, to execute the notarial deed of amendment and to undertake all other action that the authorised person deems necessary or useful.<\/p>\n This resolution shall be subject to the passing of the resolution set out in agenda items 2 through 4.<\/p>\n Recomendaci\u00f3n<\/b><\/p>\n The Supervisory Board, with the support of the Management Board, recommends the approval of these resolutions.<\/p>\n As part of the Restructuring, the Supervisory Board unanimously proposes to appoint Mr \u00c1rni Thordarson as a member of the Supervisory Board as per the date of the EGM up to and including the annual general meeting of the Company to be held in 2028. This proposal has been made with the unanimous recommendation of the Company’s Nomination Committee.<\/p>\n Bio:<\/p>\n Arni Oddur Thordarson (1969) is a highly experienced business leader with a distinguished career in both public and private sectors. He co-founded Eyrir in 2000, where he served as CEO until 2013. Mr Thordarson’s leadership extended to various companies, including serving as the Chairman of the Board of Marel from 2005 to 2013, after which he became the CEO of the company for a decade. In early 2025, the company transitioned into JBT Marel with 12,000 dedicated employees operating from over 30 countries, with a passion to transform the future of food. Mr Thordarson was a non-executive director in Fokker for a period of 8 years. Fokker is now GKN-Fokker, a leading tier-one supplier in the aerospace industry that employs 16,000 across 12 countries. He played a leadership role in the Coalition of Nordic CEOs for a Sustainable Future, serving as a member for five years and chairing the coalition in 2023. Mr Thordarson holds an MBA from IMD Business School, Lausanne Switzerland and a Cand.Oecon degree from the University of Iceland. Prior to co-founding Eyrir, Mr Thordarson was Director of Capital Markets and Corporate Finance in a state-run bank, Bunadarbanki in Iceland.<\/p>\n Mr Thordarson held no shares in the capital of the Company on the Record Date.<\/p>\n This resolution shall be subject to the passing of the resolution set out in agenda items 2 through 5.<\/p>\n Recomendaci\u00f3n<\/b><\/p>\n The Supervisory Board, with the support of the Management Board, recommends the approval of these resolutions.<\/p>\n El Consejo de Supervisi\u00f3n propone por unanimidad conceder al Sr. Govare, con la recomendaci\u00f3n un\u00e1nime del Comit\u00e9 de Nombramientos, una remuneraci\u00f3n de 35.000 euros anuales por su funci\u00f3n de miembro del Consejo de Supervisi\u00f3n. Este paquete de remuneraci\u00f3n es conforme con el actual paquete de remuneraci\u00f3n concedido a otros miembros del Consejo de Supervisi\u00f3n.<\/p>\n The Supervisory Board unanimously proposes to reappoint Mr Noam Kleinfeld, and with the unanimous recommendation of the Company’s Nomination Committee, as a member of the Supervisory Board as per the date of the EGM up to and including the annual general meeting of the Company to be held in 2028.<\/p>\n This proposal includes the proposal to continue the terms of Mr Kleinfeld’s remuneration package.<\/p>\n Bio:<\/p>\n Mr. Kleinfeld (1977) acted as Managing Director at HSBC Investment Bank, with over 16 years of experience in cross border M&A, Corporate Finance, Equity\/Debt Capital Markets, Leverage Acquisition Finance, Project Finance and Corporate\/Debt Restructuring. Further, Mr. Kleinfeld is a co-founder of the Company as well as several business, amongst other, The Griffin Fund, a leading real estate player in Atlanta\u2019s multifamily segment. The Griffin Fund was formed during the financial crisis in 2011 and via wide range of complex transactions including acquisitions of asset backed notes from debt funds and banks, \u201cCourthouse\u201d transactions and direct trades with special services managed to acquire and develop a large and high quality residential real estate portfolio in South East USA. Mr. Kleinfeld is an active Venture Capital investor in early stage companies with a large TAM, unique technological edge, and strong execution capabilities; several investments evolved into large companies. Mr. Kleinfeld holds a B.A. in Business Administration with Major in Finance from Reichman University.<\/p>\n Mr Kleinfeld held (directly and indirectly) 3,536,771 shares in the capital of the Company on the Record Date.<\/p>\n This resolution shall be subject to the passing of the resolution set out in agenda items 2 through 6.<\/p>\n Recomendaci\u00f3n<\/b><\/p>\n The Supervisory Board, with the support of the Management Board, recommends the approval of these resolutions.<\/p>\n *****<\/p>\n The Kingfish Company N.V. is a Dutch limited liability company (naamloze vennootschap<\/i>). As of the Record Date and the date of this notice, the Company has issued 142,694,048 shares, each of which represents one vote.<\/p>\n A efectos de la JGA, el n\u00famero total de acciones emitidas de la Sociedad por las que se puede votar se fija en la Fecha de Registro.<\/p>\n INSTRUCCIONES DE VOTO<\/b><\/p>\n The Kingfish Company N.V. (Empresa)<\/b><\/p>\n Proxy for Extraordinary General Meeting: 19 June 2026<\/b><\/p>\n The undersigned hereby authorises the chair of the EGM as his\/her true and lawful agent and proxy, to represent the undersigned at the Extraordinary General Meeting of the Company to be held on 19 June 2026 at 14.00 hours (CEST), for the purposes set forth below and in the notice of the Extraordinary General Meeting issued by the Company, in all matters coming before said meeting and to exercise the voting rights of the undersigned in accordance with the voting instructions below:<\/p>\n Por favor, marque sus votos como en este ejemplo:<\/p>\n Si no se especifica ninguna opci\u00f3n con respecto al punto de votaci\u00f3n del orden del d\u00eda, el apoderado votar\u00e1 \"A FAVOR\" de dicho punto del orden del d\u00eda.<\/p>\n\n
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