THAL Thalassa Holdings Limited

Thalassa Holdings Ltd

Thalassa Holdings Ltd

("Thalassa" or the "Company")

(Reuters: THAL.L, Bloomberg: THAL:LN)

Trading update

Further to the Company’s announcement of 14 February 2023, in respect of a proposed voluntary contribution by Duncan Soukup to the Company, it is announced that Mr Soukup has agreed to sell certain assets on a staggered basis over a two-year period. As a first step, non-binding heads of terms have been signed with a potential purchaser, which will be followed by a binding Sale and Purchase Agreement (“SPA”). it is anticipated that initial completion will occur around the end of February 2024.

The Board will issue further details once the SPA has been executed and financial terms and conditions finalised.

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For further information, please contact:

https://thalassaholdingsltd.com/