In accordance with HOCHDORF's insider dealing regulations, persons who have knowledge of confidential information ("company insiders") may not trade in HOCHDORF Holding Ltd shares during the following periods (blackout periods):

• Between 20 calendar days prior to the Board of Directors meeting which takes place before the publication of the agenda of an ordinary or extraordinary General Meeting and the time of the publication itself or;
• 20 calendar days prior to Board meetings which take place before the publication of information to be disclosed pursuant to Art. 49 (Annual reporting) and 50 (Interim reporting) LR and the publication itself.

Corporate insiders as defined in the HOCHDORF Insider Regulations (with reference to the relevant legal provisions, namely Art. 142 ff. Financial Market Infrastructure Act (FinMIA)) are, in addition to the members of the Board of Directors and the Group Management, all persons who have knowledge of confidential information by virtue of their function, in the performance of their duties or by chance, or persons to whom the HOCHDORF Board of Directors has specifically communicated such confidential information or authorised them to have knowledge thereof.