On 5 September 2022, Lupa Investment Holdings, LP, New York, USA, and MCH Group AG, Basel, Switzerland, have entered into a commitment agreement in which Lupa committed to purchase a certain number of new shares in connection with a rights offering of MCH Group. The capital increase was completed on 12 October 2022 and MCH Group raised gross proceeds totalling CHF 76.9 million. Upon completion of the capital increase, Lupa's shareholding in MCH Group increased to 38.52%.

The Swiss Takeover Board, upon request of MCH Group, the Canton of Basel-Stadt and Lupa, among others ruled that the transaction/capital increase does not trigger a duty to make an offer for Lupa, the Canton of Basel-Stadt and/or MCH Group.

Bär & Karrer is acting as counsel of Lupa in connection with the transaction. The Team includes Rolf Watter, Dieter Dubs and Fabienne Perlini (all M&A).

For further information please contact:

Media Relations, Eric Stupp

Tel: +41 58 261 50 00

Email: [email protected]

Bär & Karrer is a renowned Swiss law firm with more than 170 lawyers, providing customized legal advice in complex transactions and litigation. Clients range from multinational corporations to private individuals in Switzerland and abroad. Bär & Karrer is present with offices in all main language regions in Switzerland and operates globally via an international network of leading law firms. For further information please visit baerkarrer.ch.

Zurich, 28 October 2022