For English:
https://www.npex.nl/wp-content/uploads/2023/06/Press-release-E-nvest-acquires-Icecat-shares-from-Cedemo.pdf

Amsterdam, June 5, 2023

Purchase of shares for employee incentive plan continued

icecat today announces that it has repurchased 90.257 shares in Icecat NV from Cedemo SAM. This concerns the execution of a put option of Cedemo SAM at the same pre-agreed price at which the Monégasque holding Cedemo had acquired the shares at the time as part of the takeover of Cedemo's toy and games data company by Icecat three years ago.

“In fact, we are now paying Cedemo SAM the deferred amount of 632.000 euros, without interest,” says Icecat CEO Martijn Hoogeveen. “The arrangement had a function in the smooth transfer of the French data company. To maintain very good relations during the period when we had to integrate and refocus the team in Monaco.”

The 90.257 shares – approximately 0,9% of the total – will then be acquired by Icecat's Chief Growth Officer, Emre Tan, through his holding company E-nvest BV. Following the transaction, E-nvest will own 4,3% of the shares in Icecat . These newly acquired shares are only 'in the money' when the milestone of 22,5 million euros in annual turnover is reached. Therefore, the acquisition of these shares is expected to further boost the company's growth and achieve its targeted revenue target. Which is also in the interest of all other shareholders.

Icecat CEO, Martijn Hoogeveen, says: “We are pleased that Emre Tan, an experienced Icecat growth manager and co-director, is taking a larger stake in Icecat. We look forward to continuing to work together to accelerate growth as a leading provider of product data and content syndication services to e-commerce companies.”

The acquisition of these shares by E-nvest BV further strengthens Icecat's commitment to growth and innovation, and delivering value to its shareholders. With regard to Icecat's employee share incentive plan, the current balance is 22.275 acquired depository receipts (DRs) of Icecat shares through NPEX. At the beginning of the year the balance was: 5.760 DRs. We expect to acquire approximately 10.000 more DRs through NPEX through the remainder of 2023. The purchases are made outside closed trading windows.

About Icecat NV
Icecat NV is a leading provider of product data and content syndication services to e-commerce companies worldwide. The company's product content is used by millions of consumers every day to make informed purchasing decisions.

About E-nvest BV
E-nvest BV is a holding company owned by Emre Tan, an experienced Icecat manager with a proven track record of successful business development in various sectors.

More information:
Martijn Hoogeveen, [email protected], https://www.icecat.com