Dear Sir/Madam,

We are happy to inform you today that, in line with the rotation principle in PPO-Group's management body, Peter Frey (with Marcel Felber CFO as deputy and Christoph Ott as COO) will be taking over the chairmanship of the PPO Executive Board from Daniel Buchmüller as of 1. September 2025.

Peter Frey (born 1971) has many years of professional experience and has been active in PPO-Group for 32 years. He has been the deputy CEO since 2016. The main partners (Daniel Buchmüller, Peter Frey, Marcel Felber, Christoph Ott, Jonas Cano and André Burkart) are still associated in the same way. Daniel Buchmüller will remain a member of the executive board and will be unchanged at PPO-Group’s disposal.

The planned change of leadership represents a further step towards ensuring that the long-term development of PPO-Group can be implemented as planned. This does not entail any further changes for our customers, business partners, or employees.

Thank you for your attention and the trust always placed in us. We look forward to continuing our good and successful cooperation.

Best regards,

PPO Holding AG