41308877 2021-01-01 2021-12-31 41308877 2021-01-01 2021-12-31 0 41308877 2021-01-01 2021-12-31 1 41308877 2020-01-01 2020-12-31 41308877 2021-01-01 2021-12-31 fsa:RetainedEarningsMember 41308877 2020-01-01 2020-12-31 fsa:RetainedEarningsMember 41308877 2021-12-31 41308877 2020-12-31 41308877 2021-01-01 2021-12-31 0 iso4217:DKK 2021-01-01 2021-12-31 2022-07-14 Henry Harris Roosevelt Services Denmark ApS 2100 København Ø Harbour House Sundkrogsgade 21 41308877 BNP Paribas S.A. Denmark, Filial AF <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Statement by Management</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">The Executive Board has today considered and approved the annual report of Roosevelt Services</td></tr><tr><td colspan="1">Denmark ApS for the financial year 01.01.2021 - 31.12.2021.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">The annual report is prepared in accordance with the Danish Financial Statements Act.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">In our opinion, the financial statements give a true and fair view of the entity's financial position at</td></tr><tr><td colspan="1">31.12.2021 and of the results of its operations for the financial year 01.01.2021 - 31.12.2021.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">We believe that the management commentary contains a fair review of the affairs and conditions referred</td></tr><tr><td colspan="1">to therein.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">We recommend the annual report for adoption at the Annual General Meeting.</td></tr></table> København 2022-07-14 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Independent auditor's report</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">To the shareholders of Roosevelt Services Denmark ApS</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Opinion</td></tr><tr><td colspan="1">We have audited the financial statements of Roosevelt Services Denmark ApS for the financial year</td></tr><tr><td colspan="1">1 January – 31 December 2021 comprising income statement, balance sheet, statement of changes in</td></tr><tr><td colspan="1">equity and notes, including accounting policies. The financial statements are prepared in accordance with</td></tr><tr><td colspan="1">the Danish Financial Statements Act.</td></tr><tr><td colspan="1">In our opinion, the financial statements give a true and fair view of the Company's assets, liabilities and</td></tr><tr><td colspan="1">financial position at 31 December 2021 and of the results of the Company's operations for the financial</td></tr><tr><td colspan="1">year 1 January – 31 December 2021 in accordance with the Danish Financial Statements Act.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Basis for opinion</td></tr><tr><td colspan="1">We conducted our audit in accordance with International Standards on Auditing (ISAs) and the additional</td></tr><tr><td colspan="1">requirements applicable in Denmark. Our responsibilities under those standards and requirements are</td></tr><tr><td colspan="1">further described in the "Auditor's responsibilities for the audit of the financial statements" section of our</td></tr><tr><td colspan="1">report.</td></tr><tr><td colspan="1">We are independent of the Company in accordance with the International Ethics Standards Board for</td></tr><tr><td colspan="1">Accountants' International Code of Ethics for Professional Accountants (IESBA Code) and the additional</td></tr><tr><td colspan="1">ethical requirements applicable in Denmark, and we have fulfilled our other ethical responsibilities in</td></tr><tr><td colspan="1">accordance with these requirements and the IESBA Code.</td></tr><tr><td colspan="1">We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for</td></tr><tr><td colspan="1">our opinion.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Management's responsibility for the financial statements</td></tr><tr><td colspan="1">Management is responsible for the preparation of financial statements that give a true and fair view in</td></tr><tr><td colspan="1">accordance with the Danish Financial Statements Act and for such internal control, that Management</td></tr><tr><td colspan="1">determines is necessary to enable the preparation of financial statements that are free from material</td></tr><tr><td colspan="1">misstatement, whether due to fraud or error.</td></tr><tr><td colspan="1">In preparing the financial statements, Management is responsible for assessing the Company's ability to</td></tr><tr><td colspan="1">continue as a going concern, disclosing, as applicable, matters related to going concern and using the</td></tr><tr><td colspan="1">going concern basis of accounting in preparing the financial statements unless Management either</td></tr><tr><td colspan="1">intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="3">Auditor's responsibilities for the audit of the financial statements</td></tr><tr><td colspan="3">Our objectives are to obtain reasonable assurance as to whether the financial statements as a whole are</td></tr><tr><td colspan="3">free from material misstatement, whether due to fraud or error, and to issue an auditor's report that</td></tr><tr><td colspan="3">includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an</td></tr><tr><td colspan="3">audit conducted in accordance with ISAs and the additional requirements in Denmark will always detect a</td></tr><tr><td colspan="3">material misstatement when it exists. Misstatements may arise from fraud or error and are considered</td></tr><tr><td colspan="3">material if, individually or in the aggregate, they could reasonably be expected to influence the economic</td></tr><tr><td colspan="3">decisions of financial statement users made on the basis of these financial statements.</td></tr><tr><td colspan="3">As part of an audit conducted in accordance with ISAs and the additional requirements applicable in</td></tr><tr><td colspan="3">Denmark, we exercise professional judgement and maintain professional scepticism throughout the audit.</td></tr><tr><td colspan="3">We also</td></tr><tr><td /><td>–</td><td>identify and assess the risks of material misstatement of the company financial statements,</td></tr><tr><td /><td /><td>whether due to fraud or error, design and perform audit procedures responsive to those risks, and</td></tr><tr><td /><td /><td>obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk</td></tr><tr><td /><td /><td>of not detecting a material misstatement resulting from fraud is higher than for one resulting from</td></tr><tr><td /><td /><td>error as fraud may involve collusion, forgery, intentional omissions, misrepresentations or the</td></tr><tr><td /><td /><td>override of internal control.</td></tr><tr><td /><td>–</td><td>obtain an understanding of internal control relevant to the audit in order to design audit</td></tr><tr><td /><td /><td>procedures that are appropriate in the circumstances, but not for the purpose of expressing an</td></tr><tr><td /><td /><td>opinion on the effectiveness of the Company's internal control.</td></tr><tr><td /><td>–</td><td>evaluate the appropriateness of accounting policies used and the reasonableness of accounting</td></tr><tr><td /><td /><td>estimates and related disclosures made by Management.</td></tr><tr><td /><td>–</td><td>conclude on the appropriateness of Management's use of the going concern basis of accounting</td></tr><tr><td /><td /><td>in preparing the financial statements and, based on the audit evidence obtained, whether a</td></tr><tr><td /><td /><td>material uncertainty exists related to events or conditions that may cast significant doubt on the</td></tr><tr><td /><td /><td>Company's ability to continue as a going concern. If we conclude that a material uncertainty</td></tr><tr><td /><td /><td>exists, we are required to draw attention in our auditor's report to the related disclosures in the</td></tr><tr><td /><td /><td>financial statements or, if such disclosures are inadequate, to modify our opinion. Our</td></tr><tr><td /><td /><td>conclusions are based on the audit evidence obtained up to the date of our auditor's report.</td></tr><tr><td /><td /><td>However, future events or conditions may cause the Company to cease to continue as a going</td></tr><tr><td /><td /><td>concern.</td></tr><tr><td /><td>–</td><td>evaluate the overall presentation, structure and contents of the financial statements, including the</td></tr><tr><td /><td /><td>disclosures, and whether the financial statements represent the underlying transactions and</td></tr><tr><td /><td /><td>events in a manner that gives a true and fair view.</td></tr><tr><td colspan="3">We communicate with those charged with governance regarding, among other matters, the planned</td></tr><tr><td colspan="3">scope and timing of the audit and significant audit findings, including any significant deficiencies in</td></tr><tr><td colspan="3">internal control that we identify during our audit.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Statement on the Management's review</td></tr><tr><td colspan="1">Management is responsible for the Management's review.</td></tr><tr><td colspan="1">Our opinion on the financial statements does not cover the Management's review, and we do not express</td></tr><tr><td colspan="1">any form of assurance conclusion thereon.</td></tr><tr><td colspan="1">In connection with our audit of the financial statements, our responsibility is to read the Management's</td></tr><tr><td colspan="1">review and, in doing so, consider whether the Management's review is materially inconsistent with the</td></tr><tr><td colspan="1">financial statements or our knowledge obtained during the audit, or otherwise appears to be materially</td></tr><tr><td colspan="1">misstated.</td></tr><tr><td colspan="1">Moreover, it is our responsibility to consider whether the Management's review provides the information</td></tr><tr><td colspan="1">required under the Danish Financial Statements Act.</td></tr><tr><td colspan="1">Based on the work we have performed, we conclude that the Management's review is in accordance with</td></tr><tr><td colspan="1">the financial statements and has been prepared in accordance with the requirements of the Danish</td></tr><tr><td colspan="1">Financial Statement Act. We did not identify any material misstatement of the Management's review.</td></tr></table> Copenhagen 2022-07-14 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Management Commentary</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Primary activities</td></tr><tr><td colspan="1">The Company's main activity is selling and operating Data Center services in Denmark.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Development in activities and finances</td></tr><tr><td colspan="1">Loss for fiscal year end 2021 was 4,804,919 DKK as compared to a loss of 37,197 DKK for period end</td></tr><tr><td colspan="1">2020</td></tr><tr><td colspan="1">Assets as of 2021 were 35,910,827 DKK compared to 40,000 DKK as of 2020.</td></tr><tr><td colspan="1">Equity as of 2021 was 14,715,658 DKK compared to 2,803 DKK as of 2020.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Uncertainty relating to recognition and measurement</td></tr><tr><td colspan="1">Roosevelt Services Denmark ApS has no areas where there is material uncertainty in recognition and</td></tr><tr><td colspan="1">measurement, other then what’s disclosed in the paragraph related to principal risks and uncertainties</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Unusual circumstances affecting recognition and measurement</td></tr><tr><td colspan="1">There have been no unusual circumstances that have impacted recognition and measurement.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="3">Principal risks and uncertainties</td></tr><tr><td colspan="3">Forward-looking statements are not guarantees of future performance and involve certain risks,</td></tr><tr><td colspan="3">uncertainties and assumptions that are difficult to predict. The following factors, among others, could</td></tr><tr><td colspan="3">affect our financial performance and could cause actual results to differ materially from those expressed</td></tr><tr><td colspan="3">or implied in any of the forward-looking statements</td></tr><tr><td /><td>•</td><td>our market share may be negatively impacted by increasing competition and pricing pressures</td></tr><tr><td /><td /><td>from companies with products competitive with ours;</td></tr><tr><td /><td>•</td><td>our inability to successfully implement our strategic plans could have a negative impact on our</td></tr><tr><td /><td /><td>growth and profitability;</td></tr><tr><td /><td>•</td><td>our failure to protect our reputation could have a material adverse effect on our brand;</td></tr><tr><td /><td>•</td><td>our business could suffer if our information technology systems are disrupted or cease to operate</td></tr><tr><td /><td /><td>effectively;</td></tr><tr><td /><td>•</td><td>we may be exposed to risks and costs associated with cyber-attacks and identity theft that would</td></tr><tr><td /><td /><td>cause us to incur unexpected expenses and reputation loss;</td></tr><tr><td /><td>•</td><td>fluctuations in foreign currency exchange rates could adversely impact our financial condition and</td></tr><tr><td /><td /><td>results of operations;</td></tr><tr><td /><td>•</td><td>fluctuations in our tax obligations and effective tax rate may result in volatility in our operating</td></tr><tr><td /><td /><td>results;</td></tr><tr><td /><td>•</td><td>our facilities, systems and store are vulnerable to natural disasters, pandemic disease and other</td></tr><tr><td /><td /><td>unexpected events, any of which could result in an interruption to our business and adversely</td></tr><tr><td /><td /><td>affect our operating results;</td></tr><tr><td /><td>•</td></tr><tr><td /><td /><td>the impact of war or acts of terrorism could have a material adverse effect on our operating</td></tr><tr><td /><td /><td>results and financial condition;</td></tr><tr><td /><td>•</td><td>changes in the regulatory or compliance landscape could adversely affect our business and</td></tr><tr><td /><td /><td>results of operations; and,</td></tr><tr><td /><td>•</td><td>compliance with changing regulations and standards for accounting, corporate governance and</td></tr><tr><td /><td /><td>public disclosure could adversely affect our business, results of operations and reported financial</td></tr><tr><td /><td /><td>results</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Events after the balance sheet date</td></tr><tr><td colspan="1">After the balance sheet date, no significant events have taken place.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Expected development in 2022</td></tr><tr><td colspan="1">There are no significant changes planned that would impact Company’s operations in the foreseeable</td></tr><tr><td colspan="1">future.</td></tr></table> 18194014 4217346 18771627 996 -4804919 0 -4804919 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="5" align="left" valign="middle" ><b>Statement of changes in equity</b></td></tr><tr><td width="29%" ></td><td width="17%" ></td><td width="17%" colspan="1" align="right" valign="middle" ><b>Retained</b></td><td width="17%" colspan="1" align="right" valign="middle" ><b>Share</b></td><td width="20%" colspan="1" align="right" valign="middle" ><b></b></td></tr><tr><td width="29%" ></td><td width="17%" colspan="1" align="right" valign="middle" ><b>Share capital</b></td><td width="17%" colspan="1" align="right" valign="middle" ><b>earnings</b></td><td width="17%" colspan="1" align="right" valign="middle" ><b>Premium</b></td><td width="20%" colspan="1" align="right" valign="middle" ><b>Total</b></td></tr><tr><td colspan="5"></td></tr><tr><td width="29%" ></td><td width="17%" colspan="1" align="right" valign="middle" ><b>DKK</b></td><td width="17%" colspan="1" align="right" valign="middle" ><b>DKK</b></td><td width="17%" colspan="1" align="right" valign="middle" ><b>DKK</b></td><td width="20%" colspan="1" align="right" valign="middle" ><b>DKK</b></td></tr><tr><td colspan="5"></td></tr><tr><td width="29%" colspan="1" align="left" valign="middle" ><b>Equity at the beginning of the year</b></td><td width="17%" align="right" valign="middle" ><b>40.000</b></td><td width="17%" align="right" valign="middle" ><b>-37.197</b></td><td width="17%" colspan="1" align="right" valign="middle" ><b>—</b></td><td width="20%" align="right" valign="middle" ><b>2.803</b></td></tr><tr><td width="29%" colspan="1" align="left" valign="middle" >Net effect from merger</td><td width="17%" align="right" valign="middle" >4.960.000</td><td width="17%" colspan="1" align="right" valign="middle" >—</td><td width="17%" align="right" valign="middle" >14.557.774</td><td width="20%" align="right" valign="middle" ><b>19.517.774</b></td></tr><tr><td width="29%" colspan="1" align="left" valign="middle" >Net profit/(loss) for the year</td><td width="17%" colspan="1" align="right" valign="middle" >—</td><td width="17%" align="right" valign="middle" >-4.804.919</td><td width="17%" colspan="1" align="right" valign="middle" >—</td><td width="20%" align="right" valign="middle" ><b>-4.804.919</b></td></tr><tr><td width="29%" colspan="1" align="left" valign="middle" >Other equity movements</td><td width="17%" colspan="1" align="right" valign="middle" >—</td><td width="17%" align="right" valign="middle" >14.557.774</td><td width="17%" align="right" valign="middle" >-14.557.774</td><td width="20%" colspan="1" align="right" valign="middle" ><b>—</b></td></tr><tr><td width="29%" colspan="1" align="left" valign="middle" ><b>Equity at end of the year</b></td><td width="17%" align="right" valign="middle" ><b>5.000.000</b></td><td width="17%" align="right" valign="middle" ><b>9.715.658</b></td><td width="17%" colspan="1" align="right" valign="middle" ><b>—</b></td><td width="20%" align="right" valign="middle" ><b>14.715.658</b></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Business combination</td></tr><tr><td colspan="1">The company was created and registered on April 20, 2020.</td></tr><tr><td colspan="1">On July 31, 2021, Roosevelt Services Denmark ApS entered into a Business Transfer Agreement, as</td></tr><tr><td colspan="1">Purchaser, with Colt Technology Services A/S, as Seller. The deal consists of a data centre and</td></tr><tr><td colspan="1">colocation services business operated by the Seller from Copenhagen. The business that was transferred</td></tr><tr><td colspan="1">provides colocation space, power and interconnection offerings to customers and includes the Business</td></tr><tr><td colspan="1">Assets and the Assumed Obligations. The consideration for the business including the Business Assets</td></tr><tr><td colspan="1">and the Assumed Obligations was DKK 15,836,163. The consideration was paid by Roosevelt Services</td></tr><tr><td colspan="1">Denmark ApS to Colt Technology Services A/S in the form of new shares in Roosevelt Services Denmark</td></tr><tr><td colspan="1">ApS which was issued by contribution in kind of the business to Colt Technology Services A/S (4,960,000</td></tr><tr><td colspan="1">shares at a par value of DKK 1 and DKK 10,876,164 as share premium).</td></tr><tr><td colspan="1">On September 30, 2021,Roosevelt Lux Holding S.à.r.l. acquired the 5,000,000 shares of Roosevelt</td></tr><tr><td colspan="1">Services Denmark ApS held by Colt Technology Services A/S under with a share sale and purchase</td></tr><tr><td colspan="1">agreement.</td></tr></table> Regnskabsklasse B <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="2">Going concern</td></tr><tr><td colspan="2">Roosevelt Services Denmark ApS is a new starter company and the equity was re-established in 2021 in</td></tr><tr><td colspan="2">connection with the transfer of data center services activities (one site in Copenhagen) from its previous</td></tr><tr><td colspan="2">parent company Colt Technology Services A/S.</td></tr><tr><td colspan="2">Roosevelt Services Denmark ApS is in a net loss position, however, it is generating positive cash flow</td></tr><tr><td>excluding the corporate overhead charges.</td><td>Further, it has sufficient access to financial resources within</td></tr><tr><td colspan="2">the AtlasEdge group to meet its financial obligations in the event of a severe but plausible downside</td></tr><tr><td colspan="2">scenario. Lastly, the company will start to benefit from a more attentive commercial and customer-focused</td></tr><tr><td colspan="2">management team which will increase profitability in the longer term. For these reasons, we do not</td></tr><tr><td colspan="2">believe that there is substantial doubt regarding the company’s ability to continue as a going concern.</td></tr><tr><td colspan="2">Related parties with controlling interest</td></tr><tr><td colspan="2">Related parties with controlling interest</td></tr><tr><td colspan="2">The Company is owned by Roosevelt Lux Holding S.à.r.l. (100%). The ultimate controlling parent of the</td></tr><tr><td colspan="2">company is AE Group S.a.r.l</td></tr><tr><td colspan="2">The annual report of Roosevelt Services Denmark ApS for 2021 has been prepared in accordance with</td></tr><tr><td colspan="2">the provisions applying to reporting class B enterprises under the Danish Financial Statements Act.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Accounting Policies</td></tr><tr><td /><td>Reporting class</td></tr><tr><td /><td>This annual report has been presented in accordance with the provisions of the Danish Financial</td></tr><tr><td /><td>Statements Act governing reporting class B enterprises with addition of certain provisions for reporting</td></tr><tr><td /><td>class C.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Recognition and measurement</td></tr><tr><td /><td>Assets are recognised in the balance sheet when it is probable as a result of a prior event that future</td></tr><tr><td /><td>economic benefits will flow to the Entity, and the value of the asset can be measured reliably.</td></tr><tr><td /><td>Liabilities are recognised in the balance sheet when the Entity has a legal or constructive obligation as a</td></tr><tr><td /><td>result of a prior event, and it is probable that future economic benefits will flow out of the Entity, and the</td></tr><tr><td /><td>value of the liability can be measured reliably.</td></tr><tr><td /><td>On initial recognition, assets and liabilities are measured at cost. Measurement subsequent to initial</td></tr><tr><td /><td>recognition is effected as described below for each financial statement item.</td></tr><tr><td /><td>Anticipated risks and losses that arise before the time of presentation of the annual report and that</td></tr><tr><td /><td>confirm or invalidate affairs and conditions existing at the balance sheet date are considered at</td></tr><tr><td /><td>recognition and measurement.</td></tr><tr><td /><td>With reference to section 32 of the Danish Financial Statements Act, gross profit/loss is calculated as a</td></tr><tr><td /><td>summary of revenue, other operating income, cost of sales and other expenses.</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Changes in accounting policies</td></tr><tr><td /><td>The accounting policies applied to prepare the annual report for 2021 are similar to the ones used for</td></tr><tr><td /><td>2020</td></tr><tr><td /><td>Reporting currency</td></tr><tr><td /><td>The financial statements are presented in Danish kroner.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Foreign currency translation</td></tr><tr><td /><td>On initial recognition, transactions denominated in foreign currencies are translated at the exchange rates</td></tr><tr><td /><td>at the transaction date.</td></tr><tr><td /><td>Receivables and payables and other monetary items denominated in foreign currencies are translated</td></tr><tr><td /><td>into Danish kroner at the exchange rates at the balance sheet date. The difference between the exchange</td></tr><tr><td /><td>rates at the balance sheet date and at the date at which the receivable or payable arose or was</td></tr><tr><td /><td>recognised in the latest financial statements is recognised in the income statement as financial income or</td></tr><tr><td /><td>financial expenses.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Income Statement</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Gross margin</td></tr><tr><td /><td>With reference to section 32 of the Danish Financial Statements Act, the items ‘Revenue’, ‘Cost of sale’,</td></tr><tr><td /><td>‘Other external expenses’ and ‘Other operating income’ are consolidated into one item designated ‘Gross</td></tr><tr><td /><td>margin’.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Other external costs</td></tr><tr><td /><td>Other external costs include the year’s expenses relating to the entity’s core activities including costs</td></tr><tr><td /><td>relating to distribution, sales, advertising, administration, premises, loss on bad debts, operating lease</td></tr><tr><td /><td>expenses and similar expenses.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Depreciation and impairment losses</td></tr><tr><td /><td>The item comprises depreciation of property, plant and equipment. Straight-line depreciation is provided</td></tr><tr><td /><td>on the basis of an assessment of the expected useful lives of the assets and their residual value. The</td></tr><tr><td /><td>estimated useful lives are as follows</td></tr><tr><td /><td>- Other fixtures and fittings, tools and equipment, 3-35 years.</td></tr><tr><td /><td>- Software, 6 years</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Financial income and expenses</td></tr><tr><td /><td>Financial income and expenses are recognized in the income statement at the amounts that relate to the</td></tr><tr><td /><td>financial year. Financial income and expenses include interest income and expenses, realized and</td></tr><tr><td /><td>unrealized gains and losses arising from current investments, debt and transactions in foreign currencies,</td></tr><tr><td /><td>amortization of mortgage credit loans as well as charges and allowances under the tax-on-account</td></tr><tr><td /><td>scheme etc.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Tax for the year</td></tr><tr><td /><td>The tax for the year, which consists of the current tax for the year and changes in deferred tax, is</td></tr><tr><td /><td>recognised in the income statement by the portion that can be attributed to the profit for the year.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Balance sheet</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Intangible fixed assets</td></tr><tr><td /><td>Other intangible assets are measured at cost less accumulated amortisation and impairment losses.</td></tr><tr><td /><td>Other intangible assets are amortised on a straight-line basis over the expected useful lives.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Tangible fixed assets</td></tr><tr><td /><td>Other plants, fixtures and equipment are measured at cost less accumulated depreciation and impairment</td></tr><tr><td /><td>losses.</td></tr><tr><td /><td>The cost includes the acquisition price and costs incurred directly in connection with the acquisition until</td></tr><tr><td /><td>the time when the asset is ready to be used.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Impairment of fixed assets</td></tr><tr><td /><td>Every year, property, plants and equipment are reviewed for impairment. Where there is indication for</td></tr><tr><td /><td>impairment, an impairment test is made for each individual asset or group of assets, respectively,</td></tr><tr><td /><td>generating independent cash flows. The assets are written down to the higher of the value in use and the</td></tr><tr><td /><td>net selling price for the asset or the group of assets (recoverable amount) if it is lower than the carrying</td></tr><tr><td /><td>amount. Where an impairment loss is recognised on a group of assets, a lost must first be allocated to</td></tr><tr><td /><td>goodwill and then to the other assets in a pro rata basis</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Accounts receivables</td></tr><tr><td /><td>Receivables are measured at amortised cost, usually equalling nominal value, less write-downs for bad</td></tr><tr><td /><td>and doubtful debts.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Accruals</td></tr><tr><td /><td>Accruals recognized as assets include costs incurred relating to the subsequent financial year.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Prepayments</td></tr><tr><td /><td>Prepayments comprise costs incurred concerning subsequent financial years.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Provisions</td></tr><tr><td /><td>A provision is recognized when the Company has a present legal or constructive obligation as a result of</td></tr><tr><td /><td>a past event, it is probable that the obligation will have to be settled, and the amount of the obligation can</td></tr><tr><td /><td>be reliably estimated. Provisions are measured at the present value required in order to cover the</td></tr><tr><td /><td>obligation.</td></tr><tr><td /><td>The present value factor used in the calculation of the present value is selected so that it represents the</td></tr><tr><td /><td>market insight into the time value of money and liability-related risks at the time of the assessment.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Deferred income</td></tr><tr><td /><td>Deferred income recognized as liabilities includes income relating to the subsequent financial year.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Other financial liabilities</td></tr><tr><td /><td>Other financial liabilities are measured at amortised cost, which usually corresponds to nominal value.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Cash and cash equivalents</td></tr><tr><td /><td>Cash comprises cash balances and bank balances or constructive obligation and it is probable that an</td></tr><tr><td /><td>outflow of resources embodying economic benefits will be required to settle the obligation.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="3" align="left" valign="middle" >Notes</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>Financial expenses</b></td></tr><tr><td colspan="3"></td></tr><tr><td width="39%" ></td><td width="30%" align="right" valign="middle" ><b>2021</b></td><td width="31%" align="right" valign="middle" ><b>2020</b></td></tr><tr><td width="39%" ></td><td width="30%" colspan="1" align="right" valign="middle" ><b>DKK</b></td><td width="31%" colspan="1" align="right" valign="middle" ><b>DKK</b></td></tr><tr><td colspan="3"></td></tr><tr><td width="39%" colspan="1" align="left" valign="middle" >Financial expenses from group enterprises</td><td width="30%" align="right" valign="middle" > 5.205 </td><td width="31%" colspan="1" align="right" valign="middle" >—</td></tr><tr><td width="39%" colspan="1" align="left" valign="middle" >Interest expenses</td><td width="30%" align="right" valign="middle" > 456 </td><td width="31%" colspan="1" align="right" valign="middle" >—</td></tr><tr><td width="39%" colspan="1" align="left" valign="middle" >Other financial expenses</td><td width="30%" align="right" valign="middle" > 4.299 </td><td width="31%" colspan="1" align="right" valign="middle" >—</td></tr><tr><td width="39%" ></td><td width="30%" align="right" valign="middle" ><b> 996 </b></td><td width="31%" colspan="1" align="right" valign="middle" ><b>—</b></td></tr><tr><td colspan="3"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>Intangible assets</b></td></tr><tr><td width="39%" ></td><td width="30%" ></td><td width="31%" align="right" valign="middle" ><b>2021</b></td></tr><tr><td width="69%" colspan="2" align="left" valign="middle" ><b>Software</b></td><td width="31%" colspan="1" align="right" valign="middle" ><b>DKK</b></td></tr><tr><td colspan="3"></td></tr><tr><td width="69%" colspan="2" align="left" valign="middle" >Cost at 1 January 2021</td><td width="31%" colspan="1" align="right" valign="middle" >—</td></tr><tr><td width="69%" colspan="2" align="left" valign="middle" >Merger Additions</td><td width="31%" align="right" valign="middle" > 103.647 </td></tr><tr><td width="69%" colspan="2" align="left" valign="middle" >Additions</td><td width="31%" colspan="1" align="right" valign="middle" >—</td></tr><tr><td width="69%" colspan="2" align="left" valign="middle" ><b>Cost at 31 December 2021</b></td><td width="31%" align="right" valign="middle" ><b> 103.647 </b></td></tr><tr><td colspan="3"></td></tr><tr><td width="69%" colspan="2" align="left" valign="middle" >Amortisation and impairment losses at 1 January 2021</td><td width="31%" colspan="1" align="right" valign="middle" >—</td></tr><tr><td width="69%" colspan="2" align="left" valign="middle" >Merger Additions</td><td width="31%" align="right" valign="middle" >- 14.396 </td></tr><tr><td width="69%" colspan="2" align="left" valign="middle" >Amortisation for the year</td><td width="31%" align="right" valign="middle" >- 14.395 </td></tr><tr><td width="69%" colspan="2" align="left" valign="middle" ><b>Amortisation and impairment losses at 31 December 2021</b></td><td width="31%" align="right" valign="middle" ><b>- 28.791 </b></td></tr><tr><td colspan="3"></td></tr><tr><td width="69%" colspan="2" align="left" valign="middle" ><b>Carrying amount at 31 December 2021</b></td><td width="31%" align="right" valign="middle" ><b> 74.856 </b></td></tr><tr><td colspan="3"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="4" align="left" valign="middle" ><b>Tangible assets</b></td></tr><tr><td width="30%" ></td><td width="23%" colspan="1" align="right" valign="middle" ><b>Property, plant</b></td><td width="23%" colspan="1" align="right" valign="middle" ><b>Other fixtures and</b></td><td width="24%" colspan="1" align="right" valign="middle" ><b></b></td></tr><tr><td width="30%" ></td><td width="23%" colspan="1" align="right" valign="middle" ><b>and equipment in</b></td><td width="23%" colspan="1" align="right" valign="middle" ><b>fittings, tools and</b></td><td width="24%" colspan="1" align="right" valign="middle" ><b>Total</b></td></tr><tr><td width="30%" ></td><td width="23%" colspan="1" align="right" valign="middle" ><b>progress</b></td><td width="23%" colspan="1" align="right" valign="middle" ><b>equipment</b></td><td width="24%" colspan="1" align="right" valign="middle" ><b></b></td></tr><tr><td width="30%" ></td><td width="23%" colspan="1" align="right" valign="middle" ><b>DKK</b></td><td width="23%" colspan="1" align="right" valign="middle" ><b>DKK</b></td><td width="24%" colspan="1" align="right" valign="middle" ><b>DKK</b></td></tr><tr><td colspan="4"></td></tr><tr><td width="30%" colspan="1" align="left" valign="middle" >Cost at 1 January 2021</td><td width="23%" colspan="1" align="right" valign="middle" >—</td><td width="23%" colspan="1" align="right" valign="middle" >—</td><td width="24%" colspan="1" align="right" valign="middle" >—</td></tr><tr><td width="30%" colspan="1" align="left" valign="middle" >Merger Additions</td><td width="23%" colspan="1" align="right" valign="middle" >—</td><td width="23%" align="right" valign="middle" > 84.715.497 </td><td width="24%" align="right" valign="middle" > 84.715.497 </td></tr><tr><td width="30%" colspan="1" align="left" valign="middle" >Additions</td><td width="23%" align="right" valign="middle" > 377.936 </td><td width="23%" align="right" valign="middle" > 980.894 </td><td width="24%" align="right" valign="middle" > 1.358.830 </td></tr><tr><td width="30%" colspan="1" align="left" valign="middle" ><b>Cost at 31 December 2021</b></td><td width="23%" align="right" valign="middle" ><b> 377.936 </b></td><td width="23%" align="right" valign="middle" ><b> 85.696.391 </b></td><td width="24%" align="right" valign="middle" ><b> 86.074.327 </b></td></tr><tr><td colspan="4"></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Depreciation and impairment losses at 1</td></tr><tr><td width="30%" colspan="1" align="left" valign="middle" >January 2021</td><td width="23%" colspan="1" align="right" valign="middle" >—</td><td width="23%" colspan="1" align="right" valign="middle" >—</td><td width="24%" colspan="1" align="right" valign="middle" >—</td></tr><tr><td width="30%" colspan="1" align="left" valign="middle" >Depreciation for the year</td><td width="23%" colspan="1" align="right" valign="middle" >—</td><td width="23%" align="right" valign="middle" > 4.202.951 </td><td width="24%" align="right" valign="middle" > 4.202.951 </td></tr><tr><td width="30%" colspan="1" align="left" valign="middle" >Merger Additions</td><td width="23%" colspan="1" align="right" valign="middle" >—</td><td width="23%" align="right" valign="middle" > 62.661.925 </td><td width="24%" align="right" valign="middle" > 62.661.925 </td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" ><b>Depreciation and impairment losses at</b></td></tr><tr><td width="30%" colspan="1" align="left" valign="middle" ><b>31 December 2021</b></td><td width="23%" colspan="1" align="right" valign="middle" >—</td><td width="23%" align="right" valign="middle" > 66.864.876 </td><td width="24%" align="right" valign="middle" > 66.864.876 </td></tr><tr><td colspan="4"></td></tr><tr><td width="30%" colspan="1" align="left" valign="middle" ><b>Carrying amount at 31 December 2021</b></td><td width="23%" align="right" valign="middle" ><b> 377.936 </b></td><td width="23%" align="right" valign="middle" ><b> 18.831.515 </b></td><td width="24%" align="right" valign="middle" ><b> 19.209.451 </b></td></tr><tr><td colspan="4"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>Equity</b></td></tr><tr><td colspan="3"></td></tr><tr><td width="39%" ></td><td width="30%" align="right" valign="middle" ><b>2021</b></td><td width="31%" align="right" valign="middle" ><b>2020</b></td></tr><tr><td width="39%" colspan="1" align="left" valign="middle" >Analysis of share capital</td><td width="30%" colspan="1" align="right" valign="middle" ><b>DKK</b></td><td width="31%" colspan="1" align="right" valign="middle" ><b>DKK</b></td></tr><tr><td colspan="3"></td></tr><tr><td width="39%" colspan="1" align="left" valign="middle" >Equity at 1/1</td><td width="30%" align="right" valign="middle" > 40.000 </td><td width="31%" colspan="1" align="right" valign="middle" >—</td></tr><tr><td width="39%" colspan="1" align="left" valign="middle" >Capital increase</td><td width="30%" align="right" valign="middle" > 4.960.000 </td><td width="31%" align="right" valign="middle" > 40.000 </td></tr><tr><td width="39%" colspan="1" align="left" valign="middle" >Equity at 31/12</td><td width="30%" align="right" valign="middle" ><b> 5.000.000 </b></td><td width="31%" align="right" valign="middle" ><b> 40.000 </b></td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >The entity was incorporated on 20 April 2020, and the capital upon formation was DKK 40,000.</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Equity was re-established in 2021. The share capital consists of 5,000,000 shares of a nominal value of</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >DKK 1.</td></tr><tr><td colspan="3"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>Contingent liabilities</b></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>Other contingent liabilities (Leasing commitments)</b></td></tr><tr><td colspan="3"></td></tr><tr><td width="39%" ></td><td width="30%" align="right" valign="middle" ><b>2021</b></td><td width="31%" align="right" valign="middle" ><b>2020</b></td></tr><tr><td width="39%" ></td><td width="30%" colspan="1" align="right" valign="middle" ><b>DKK</b></td><td width="31%" colspan="1" align="right" valign="middle" ><b>DKK</b></td></tr><tr><td colspan="3"></td></tr><tr><td width="39%" colspan="1" align="left" valign="middle" >To be paid during the next financial period</td><td width="30%" align="right" valign="middle" > 5.687.734 </td><td width="31%" colspan="1" align="right" valign="middle" >—</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >As per the lease agreement, both the landlord and the tenant has the option to cancel the leasing</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >arrangement with 12 months notice hence, the leasing commitment has been determined to be applicable</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >only for 12 months after the end of the current reporting period.</td></tr><tr><td colspan="3"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="1" align="left" valign="middle" ><b>Related parties and ownership</b></td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Roosevelt Services Denmark ApS related parties comprise the following</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Parties exercising control</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Roosevelt Lux Holding S.à.r.l. (parent company)</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >AE Group S.a.r.l. (ultimate parent company)</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" ><b>Ownership</b></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >The following shareholder is registered in the Company's register of shareholders as holding 100% of the</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >share capital</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Roosevelt Lux Holding S.à.r.l.</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >2a Rue Albert Borschette, K2 Building</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >1246 Luxembourg</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Luxembourg</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >The Company’s immediate parent is Roosevelt Lux Holding S.à.r.l., a company incorporated in and</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >registered in Luxembourg.</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >The ultimate parent entity undertaking and controlling party is AE Group S.a.r.l., a company incorporated</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >and registered in Luxembourg.</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Both the smallest and largest group of which the Company is a member and for which Group financial</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >statements are drawn up is that of AE Group S.a.r.l. Copies of the Annual Report are not available to the</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >public.</td></tr></table> Årsrapport 21625744 Intertrust Denmark A/S Sundkrogsgade 21 2100 København Ø xWizard version 1.1.1127.0, by EasyX Aps. www.easyx.eu 2020-01-01 2020-12-31 Revisionspåtegning Grundlag for konklusion Konklusion Henry Harris Natalie West 0 0 37197 0 -37197 0 -37197 -4804919 -37197 74856 74856 18831515 377936 19209451 0 4785924 4785924 24070231 5468676 5468676 6371920 11840596 35910827 5000000 9715658 14715658 5508748 5508748 1009434 219287 1228721 4398925 7927863 1780010 350902 14457700 21195169 35910827 0 0 0 0 0 40000 0 40000 40000 0 0 0 0 40000 40000 -37197 2803 0 0 0 0 0 0 37197 0 0 37197 37197 40000 KPMG Statsautoriseret Revisionspartnerselskab Dampfærgevej 28 DK-2100 København Ø 25578198 Christian Engelbrecht Friis State Authorised Public Accountant mne44180