KER NOTIFICATION OF MANAGER’S TRANSACTIONS

Kernel Holding S.A., a company with registered office in Luxembourg (the “Company”) hereby announces that on 29 December 2022 the Company received notifications of manager's transactions pursuant to Art. 19 of the Market Abuse Regulation from the legal entity closely associated with the person discharging managerial responsibilities within the Company:
Instrument: Kernel Holding S.A. 6.5% Guaranteed Notes due 2024, Regulation S ISIN XS2010040983 Nature of transactions: Acquisition Price and volume: Price: USD 46.50 per USD 100 principal Volume: USD 2,000,000 principal Price: USD 45.14 per USD 100 principal Volume: USD 200,000 principal Price: USD 45.50 per USD 100 principal Volume: USD 915,000 principal Price: USD 45.00 per USD 100 principal Volume: USD 1,500,000 principal Aggregated volume and price: Price: USD 45.76 per USD 100 principal Volume: USD 4,615,000 principal Dates of transactions: 20-22 December 2022 Place of transactions: Bloomberg Trading Facility BV