Smart Holding restructuring -- Change of ownership

Vadym Novynskyi, founder of Smart Holding, has decided to sell his shares and place his ownership stake in a trust as part of the restructuring. The Cyprus Securities and Exchange Commission registered the Smart Trust and Step Trust correspondence agreements in November 2022. The trustees are fiduciary administrators with high qualifications who were appointed in accordance to the licensing terms under Cypriot legislation. As per the above, Mr Novynskyi has no beneficial interest in the Group and does not have any control over its activities or processes. Smart Holding is still in operation as usual, managed by a professional team of managers who have guided the company through the economic crisis and civil crisis resulting from the war with Russia. Smart Holding is committed to supporting the Ukrainian economy in its struggle against the devastation caused by the war. We will also actively participate in post-war reconstruction. As part of our international growth strategy, we have ambitious investment goals. Smart Holding is the largest Ukrainian investment group. The Group's interests are focused on key industries for the country's economy. Smart Holding's companies invest in metals, mining, oil and natural gas sectors, agriculture and shipbuilding. SOURCE Smart Holding