LIVERMORE INVESTMENTS GROUP LIMITED

("Livermore" or the "Company")

Major shareholding notification

The Company has been notified, on 12 November 2025, that Ron Baron has increased his beneficial ownership in the Company to 28,698,044 ordinary shares of nil par value, representing approximately 17.4% of the Company's ordinary shares with voting rights. Mr Baron's interest is held through RB Cycling Investments Ltd, a company wholly-owned by him.

Enquiries:

Livermore Investments Group Limited                                                              +41 43 344 3200

Gaurav Suri

Strand Hanson Limited (Financial and Nominated Adviser)                         +44 (0)20 7409 3494

Richard Johnson / Ritchie Balmer

Zeus Capital Limited (Broker)                                                                             +44 (0)20 3829 5000

Louisa Waddell