During the procedure to comply with the obligation to purchase under art. 108, Par. 2, of the Italian Legislative Decree no. 58 of February 24, 1998 (the “Sell-Out Procedure”) commenced on June 12, 2023 and ended on June 30, 2023, additional 7,244,025 Autogrill shares (equal to 1.8814% of the share capital of Autogrill) have been tendered in the Offer. Therefore, based on the information available as of today, taking into account the ordinary shares of Autogrill already held by Dufry and the treasury shares owned by Autogrill, Dufry will hold 96.3858% of the share capital of Autogrill. Dufry will therefore be able to initiate the squeeze-out procedure, which will result in Dufry holding all of Autogrill’s shares, and delisting Autogrill.

Based on the information available as of today, 35.7949% of the Autogrill shares tendered in the Sell-Out Procedure opted for the share consideration (0.1583 newly-issued Dufry shares for each Autogrill share), and 64.2051% of the shares tendered opted for the cash alternative consideration (EUR 6.33 for each Autogrill share). Based on today’s results, Dufry expects to issue approximately 410 thousand additional new shares related to the tendering during the Sell-Out Procedure; the first day of trading for those shares is expected to be July 7, 2023.