Dci Advisors Regulatory News (DCI)

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are at- tachedii:

Dolphin Capital Investors Limited

1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)

Non-UK issuer

2. Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights

X

An acquisition or disposal of financial instruments

An event changing the breakdown of voting rights

iii Other (please specify) :

3. Details of person subject to the notification obligation IV

Name

Lars Ernest Bader

City and country of registered office (if applicable)

4. Full name of shareholder(s) (if different from3.)v

Name

Lars Ernest Bader

City and country of registered office (if applicable)

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

14/02/23

6. Date on which issuer notified (DD/MMNYYY):

15/02/23

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

% of voting rights at- tached to shares (total of 8. A)

% of voting rights

through financial instru- ments

(total of 8.B 1 + 8.B 2)

Total of both in %

(8.A + 8.B)

Total number of voting rights of is- suervii

Resulting situation on the date on which threshold was

crossed or reached

6.10%

0

6.10%

6.10%

Position of previous notification (if applicable)

5.58%

0

5.58%

5.58%

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

A: Voting rights attached to shares

Class/type of

shares

ISIN code (if possible)

Number of voting rights ix

% of voting rights

Direct

Indirect

Direct

Indirect

(Art 9 of Directive

2004/109/EC) (DTRS.1)

(Art 10 of Directive

2004/109/EC) (DTRS.2.1)

(Art 9 of Directive 2004/109/

EC) (DTRS.1)

(Art 10 of Directive

2004/109/EC) (DTRS.2.1)

55205600

0

6.10%

0

SUBTOTAL 8. A

55205600

6.10%

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTRS.3.1.1 (a))

Type of financial in- strument

Expiration date x

Exercise/ Conversion Period xi

Number of voting rights

that may be acquired if the instrument is exercised/converted.

% of voting rights

SUBTOTAL 8. B 1

0

0

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive

2004/109/EC (DTRS.3.1.1 (b))

Type of financial instrument

Expiration datex

Exercise/ Conversion

Period xi

Physical or cash

Settlement xii

Number of voting rights

% of voting rights

SUBTOTAL

8.B.2

0

0

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not

xiii

control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer

X

Full chain of controlled undertakings through which the voting rights and/or the

xiv

financial instruments are effectively held starting with the ultimate controlling natural person or legal entity

(please add additional rows as necessary)

% of voting rights if it

% of voting rights

through financial in- struments if it equals or is higher than the

notifiable threshold

Total of both if it

equals or is higher

equals or is higher

than the notifiable

than the notifiable

threshold

threshold

10. In case of proxy voting, please identify:

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

Place of completion

Sliema, Malta

Date of completion

15/02/23