Grand City Properties S.A. notification pursuant to article 13 of the amended law of 11 January 2008 on transparency requirements for issuers

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the CSSF)ⁱ 

1.        Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedⁱⁱ:

Grand City Properties S.A.

2.      Reason for the notification:

An acquisition or disposal of voting rights

3.      Details of person subject to the notification obligation^iv:

Name: Aroundtown SA

City and country of registered office (if applicable): Luxembourg

4.      Full name of shareholder(s)^v:

The person is the same as the person subject to the notification (section 3)

5.      Date on which the threshold was crossed or reached^vi:

2026-04-23

6.      Total positions of person(s) subject to the notification obligation: 

7.        Notified details of the resulting situation on the date on which the threshold was crossed or reached^viii:

A: Voting rights attached to shares

B.1: Financial Instruments according to Art. 12(1)(a) of the Transparency Law

B.2: Financial Instruments with similar economic effect according to Art. 12(1)(b) of the Transparency Law

8.          Information in relation to the person subject to the notification obligation:

Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity^xiv:

9.      In case of proxy voting:

N/A

10.       Additional information^xvi:

N/A

Date: 2026-04-27 11:35

Notes

i Pleasenotethatnationalformsmayvaryduetospecificnationallegislation(Article3(1a)ofDirective2004/109/EC)asforinstance theapplicablethresholdsorinformationregardingcapitalholdings.

ii Full name of the legal entity and further specification of the issuer or underlying issuer, provided it is reliable and accurate (e.g. address, LEI, domestic number identity).

iii Other reason for the notification could be voluntary notifications, changes of attribution of the nature of the holding (e.g. expiring of financial instruments) or acting in concert.

iv Thisshouldbethefullnameof(a)theshareholder;(b)thenaturalpersonorlegalentityacquiring,disposingoforexercisingvoting rightsinthecasesprovidedforinArticle9(b)to(h)oftheTransparencyLaw;or(c)theholderoffinancialinstrumentsreferredtoin Article 12(1) of the Transparency Law.

Asthedisclosureofcasesofactinginconcertmayvaryduetothespecificcircumstances(e.g.sameordifferenttotalpositionsofthe parties, entering or exiting of acting in concert by a single party) the standard form does not provide for a specific method how to notify cases of acting in concert.

In relation to the transactions referred to in points (b) to (h) of Article 9 of the Transparency Law, the following list is provided as indication of the persons who should be mentioned:

• inthecircumstancesforeseeninletter(b)ofArticle9ofthatLaw,thenaturalpersonorlegalentitythatacquiresthevoting rights and is entitled to exercise them under the agreement and the natural person or legal entity who is transferring temporarily for consideration the voting rights;
• inthecircumstancesforeseeninletter(c)ofArticle9ofthatLaw,thenaturalpersonorlegalentityholdingthecollateral,

providedthepersonorentitycontrolsthevotingrightsanddeclaresitsintentionofexercisingthem,andnaturalpersonor legal entity lodging the collateral under these conditions;

• inthecircumstancesforeseeninletter(d)ofArticle9ofthatLaw,thenaturalpersonorlegalentitywhohasalifeinterest in

sharesifthatpersonorentityisentitledtoexercisethevotingrightsattachedtothesharesandthenaturalpersonorlegal entitywhoisdisposingofthevotingrightswhenthelifeinterestiscreated;

• inthecircumstancesforeseeninletter(e)ofArticle9ofthatLaw,thecontrollingnaturalpersonorlegalentityand,provided

it has a notification duty at an individual level under Article 8, under letters (a) to (d) of Article 9 of that Law or under a combinationofanyofthosesituations,thecontrolledundertaking;

• inthecircumstancesforeseeninletter(f)ofArticle9ofthatLaw,thedeposittakeroftheshares,ifhecanexercisethe

voting rights attached to the shares deposited with him at his discretion, and the depositor of the shares allowing the deposittaker to exercise the voting rights at his discretion;

• inthecircumstancesforeseeninletter(g)ofArticle9ofthatLaw,thenaturalpersonorlegalentitythatcontrolsthevoting

rights;

• inthecircumstancesforeseeninletter(h)ofArticle9ofthatLaw,theproxyholder,ifhecanexercisethevotingrightsathis discretion,andtheshareholderwhohasgivenhisproxytotheproxyholderallowingthelattertoexercisethevotingrights at his discretion (e.g. management companies).

v ApplicableinthecasesprovidedforinArticle9(b)to(h)oftheTransparencyLaw.Thisshouldbethefullnameoftheshareholder whoisthecounterpartytothenaturalpersonorlegalentityreferredtoinArticle9ofthatLawunlessthepercentageofvotingrights held by the shareholder is lower than the 5% threshold for the disclosure of voting rights holdings (e.g. identification of funds managed by management companies).

vi Thedateonwhichthresholdiscrossedorreachedshouldbethedateonwhichtheacquisitionordisposaltookplaceortheother reason triggered the notification obligation. For passive crossings, the date when the corporate event took effect.

vii The total number of voting rights shall be composed of all the shares, including depository receipts representing shares, to which voting rights are attached even if the exercise thereof is suspended.

viii Iftheholdinghasfallenbelowthe5%threshold,pleasenotethatitisnotnecessarytodisclosetheextentoftheholding,onlythat the new holding is below that threshold.

ix In case of combined holdings of shares with voting rights attached 'direct holding' and voting rights 'indirect holding', please split the voting rights number and percentage into the direct and indirect columns – if there is no combined holdings, please leave the relevant box blank.

x Dateofmaturity/expirationof thefinancialinstrumenti.e. thedatewhenrightto acquiresharesends.

xi Ifthefinancialinstrumenthassuchaperiod–pleasespecifythisperiod–forexampleonceevery3monthsstartingfrom[date].

xii Incaseofcashsettledinstrumentsthenumberandpercentagesofvotingrightsistobepresentedonadelta-adjustedbasis(Article 12(2) of the Transparency Law).

xiii If the person subject to the notification obligation is either controlled and/or does control another undertaking then the second option applies.

xiv The full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity also has to be presentedinthecasesinwhichonlyonsubsidiarylevelathresholdiscrossedorreachedandthesubsidiaryundertakingdisclosesthe notification as only then the market always gets the full picture of the group holdings. In case of multiple chains through which the voting rights and/or financial instruments are effectively held the chains have to be presented chain by chain leaving a row free betweendifferentchains(e.g.:A,B,C,freerow,A,B,D,freerow,A,E,Fetc.).Numbersshallbeattributedtoallpersonsorentities withinthegroupincolumn1inordertoallowaclearindicationofthecontrolstructureincolumn6.Thenamesofallundertakingsof thecontrolchainshallbeprovidedincolumn2,evenifthenumberofthedirectlyheldvotingrightsand/orfinancialinstrumentsisnot equalorhigherthanthenotifiablethreshold.Columns3&4shallindicatetheholdingsofthosepersonsorentitiesdirectlyholdingthe votingrightsand/orfinancialinstrumentsiftheholdingisequalorhigherthanthenotifiablethreshold.

xv The names of controlled undertakings through which the voting rights and/or financial instruments are effectively held have to be presentedirrespectivelywhetherthecontrolledundertakingscrossorreachthelowestapplicablethresholdthemselves.

xvi Example:Correctionofapreviousnotification.