EEII AG: Annual General Meeting 2023 and Change of Strategy

Ad-Hoc announcement pursuant to Art. 53 LR:

Zug, June 13, 2023

EEII AG intends to change its strategy and investment focus

At the occasion of its annual General Meeting of Shareholders of June 13, 2023, EEII AG announced that the Board of Directors will discuss a change of its present strategy and investment focus. With the support of its new majority shareholder, SEBRINA HOLDING SUISSE SA, Geneva, and under the leadership of its newly elected Delegate of the Board, Alexandre Uldry, the Company intends to become a European leader in the energy and retail sector.

At the Annual General Meeting of EEII AG, held on June 13, 2023 in Zug, the shareholders of EEII AG approved the agenda as proposed by the Board of the Company.

EEII’s shareholders approved the Annual Report 2022, the proposed appropriation of the annual result as well as the compensation of the Board and the management as outlined in the remuneration report.

Further, EEII’s shareholders re-elected Victor L. Gnehm as member and Chairman of the Board. Alexandre Uldry replaces Christoph Offenhäuser as a member of the Board of Directors. He was also appointed Delegate of the Board, replacing Marcus Bühler as the Company’s CEO. Berney Associés Audit SA, Genève have been elected as the company’s auditor, replacing BDO, Zurich.

The shareholders also confirmed Victor L. Gnehm as member of the remuneration committee, where he will be joined by Alexandre Uldry for a one year period. Furthermore, EEII’s shareholders also confirmed the re-election of the independent shareholder representative for proxy voting, Mr. Philipp Andermatt, Attorney-at-Law, BrightLaw AG, Zug for a one year period.

Victor L. Gnehm, Chairman of EEII, said: “We are happy to have found in Alexandre a dynamic “mover and shaker” of our industry who is going to give EEII AG a new direction in a market closer to home. We are convinced that under his leadership, EEII will become a very attractive investment for shareholders looking to participate in Europe’s retail and fuel industry which we believe will change fundamentally over the next few years.”

Alexandre Uldry, the Company’s new Delegate of the Board of Directors, said: “I am delighted to bring our expertise to the table in leading EEII AG into a very exciting new segment of the energy industry. We have preliminarily discussed our new strategy with the Board, intending to invest in several ventures beginning this year already, with the goal to eventually control companies operating more than 1000 gas stations across Switzerland and Europe. Gas stations have morphed massively during the last years, with retailing having become a central source of income for them. The period of change is far from being over, with cars operating on electricity, LPG or alternative fuels capturing a larger share of the market in the foreseeable future. We believe that a company concentrating on the running of such gas stations as hybrid enterprises, combining retail and fuel expertise, will offer a very attractive business model for both customers and the producers of the fuels themselves which have traditionally operated gas stations in the past.”

Alexandre Uldry further mentioned that potential targets for acquisitions by EEII have already been identified. In particular, EEII AG is currently negotiating with Swiss Energy Holding SA regarding a possible takeover of Jubin Frères S.A., a Swiss gas stations operator mainly active in Western Switzerland. Equally, preliminary conversations with investors interested in participating in EEII’s new business model have been held, as EEII AG and its majority shareholder intend to substantially increase the Company’s free float.

EEII AG will communicate any required change in its investment regulations and its plans for a capital increase to finance its acquisitions in due course.

For further information please contact:

Marc Comina, Spokesperson of EEII AG, marc@clpr.ch, +41 79 138 3495).

EEII is listed on the Swiss Exchange (SIX) (Bloomberg: EEII SW Equity).