Announcement • Jun 30
AB Novaturas Announces Regarding the Court Proceedings with UAB “Getjet Airlines” Concerning the Charter Flight Agreement AB Novaturas informed that on 29 June 2026, the Court of Appeal of Lithuania adopted a ruling in the case between the Company and UAB “GetJet Airlines” (hereinafter – GetJet Airlines) concerning the dispute between the parties related to the (non-)performance of contractual obligations under the charter flight agreement concluded on 3 December 2018 (hereinafter – the Agreement) during the COVID-19 pandemic period. The Company reminds that, as described in greater detail in the Company’s notice of 28 November 2024, by its ruling of 28 November 2024, the Supreme Court of Lithuania, inter alia, set aside part of the ruling of the Court of Appeal of Lithuania of 7 March 2024 which had upheld part of the judgment of the Vilnius Regional Court of 11 September 2023 regarding the termination of the Agreement by court decision as of 1 January 2021, the award of EUR 1,150,000 in contractual penalties and 8% annual interest against the Company, as well as the allocation of litigation costs, and remitted these parts of the case for re-examination by the appellate court. On 29 June 2026, the Court of Appeal of Lithuania amended part of the Vilnius Regional Court's judgment of 11 September 2023 concerning the award of liquidated damages and legal costs, and decided to partially uphold GetJet Airlines' claim – ordering the Company to pay GetJet Airlines EUR 4,500,000 in penalties and annual interest at a rate of 8 per cent, calculated on the awarded sum from 5 March 2021 until the judgment is fully enforced. Given that the Company has already paid EUR 1,150,000 in penalties pursuant to a previous court judgment, the additional amount payable is EUR 3,350,000 (without the above indicated interest and litigation costs). The Court of Appeal left the remaining part of the Vilnius Regional Court’s judgment of 11 September 2023 unchanged. The ruling of the Court of Appeal of Lithuania entered into force on 29 June 2026 and is enforceable. Both parties have the right to file a cassation appeal with the Supreme Court of Lithuania within three months from the date on which the ruling entered into force. The Company is considering filing a cassation appeal with the Supreme Court of Lithuania. Disregarding this, there may be no guarantee that the Supreme Court of Lithuania will accept the cassation appeal at all and/or that it will change the above ruling of the Court of Appeal of Lithuania in favour of the Company. Announcement • Jun 13
Neset Kockar Files Counterclaim Against Willgrow, Uab Naming Novaturas AB as A Co-Defendant AB Novaturas had informed that its shareholder, Neset Kockar, who currently holds 23.2% of the Company’s shares, has filed a counterclaim against the Company in the arbitration case being heard by the Vilnius Court of Commercial Arbitration. This case arises from Willgrow, UAB's claim against Mr. Neset Kockar for his failure to fulfil obligations under the transaction for the acquisition of the Company's shares (hereinafter - the Transaction), as announced in the Company's notice on March 7, 2025. In the arbitration proceedings initiated by Willgrow, UAB, Neset Kockar has filed a counterclaim against Willgrow, UAB seeking the recovery of EUR 13,400,000 in unjust enrichment, naming the Company as a co-defendant. In the opinion of the Company, the counterclaim vis-à-vis the Company filed by Mr. Neset Kockar is unfounded and unlikely to be upheld. The counterclaim vis-à-vis the Company has not been substantiated by any factual circumstances or evidence, and the legal basis set out is formulated in abstract terms. Furthermore, the Company had neither the ability nor the obligation to influence the performance or non-performance of the Transaction in any way, either under applicable law or under the terms of the Transaction documents. New Risk • May 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Lithuanian stocks, typically moving 5.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 14% per year over the past 5 years. Market cap is less than US$10m (€6.42m market cap, or US$7.52m). Minor Risk Share price has been volatile over the past 3 months (5.1% average weekly change). 