<SEC-DOCUMENT>0001171843-26-004173.txt : 20260617
<SEC-HEADER>0001171843-26-004173.hdr.sgml : 20260617
<ACCEPTANCE-DATETIME>20260617160004
ACCESSION NUMBER:		0001171843-26-004173
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20260617
FILED AS OF DATE:		20260617
DATE AS OF CHANGE:		20260617

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Codere Online Luxembourg, S.A.
		CENTRAL INDEX KEY:			0001866782
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990]
		ORGANIZATION NAME:           	07 Trade & Services
		EIN:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-41107
		FILM NUMBER:		261098200

	BUSINESS ADDRESS:	
		STREET 1:		7 RUE ROBERT STUMPER
		CITY:			LUXEMBOURG
		STATE:			N4
		ZIP:			L-2557
		BUSINESS PHONE:		352 26 25 88 88

	MAIL ADDRESS:	
		STREET 1:		7 RUE ROBERT STUMPER
		CITY:			LUXEMBOURG
		STATE:			N4
		ZIP:			L-2557
</SEC-HEADER>
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<TYPE>6-K
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<FILENAME>f6k_061726.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<html><head><title></title></head><body style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><div align="center"><div style="margin-top: 3pt; margin-bottom: 12pt;"><div style="font-size: 1pt; border-top: Black 2.5pt solid; border-bottom: Black 1.1pt solid; width: 100%;">&#160;</div></div><p style="font-size: 14pt;" align="center"><strong>UNITED STATES</strong><br /><strong>SECURITIES AND EXCHANGE COMMISSION</strong><br /><strong>Washington, D.C. 20549</strong></p><p style="font-size: 14pt; text-transform: uppercase;" align="center"><strong>Form 6-K</strong></p><p style="text-align: center;"><strong></strong></p><p style="text-align: center;"><strong>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934</strong></p><p style="text-align: center;"><strong></strong><strong>For the month of June 2026</strong></p><p style="text-align: center;">Commission File Number: <strong>001-41107</strong></p><p style="text-align: center;"><font style="font-size: 12pt;"><strong>Codere Online Luxembourg, S.A.</strong></font><br />(Translation of registrant's name into English)</p><p style="text-align: center;"><strong>7 rue Robert St&#252;mper<br />L-2557 Luxembourg,<br />Grand Duchy of Luxembourg</strong><br />(Address of principal executive offices)</p></div><p>Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</p><!--<p style="text-align: center;">Form 20-F [&#160;X ] &#160;&#160;&#160;&#160;&#160;Form 40-F [&#160;&#160; ]</p>--><p style="text-align: center;">Form 20-F &#9746;&#160;&#160;&#160;&#160;&#160;Form 40-F &#9744;</p><!--<p>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): <u>&#160;</u></p><p style="text-align: center;">Yes &#9744;&#160;&#160;&#160;&#160;&#160;No &#9746;</p><p>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): <u>&#160;</u></p><p style="text-align: center;">Yes &#9744;&#160;&#160;&#160;&#160;&#160;No &#9746;</p>--><hr style="page-break-after: always;" noshade="noshade" /><p><p style="text-align: center;"><strong>Codere Online Luxembourg, S.A. &#160;</strong></p><p style="text-align: center;"><strong>Explanatory note</strong></p><p><strong>Convening of annual general meeting of shareholders</strong></p><p>On June 17, 2026, Codere Online Luxembourg, S.A. (the &#8220;Company&#8221;) announced its 2026 Annual General Meeting of Shareholders (&#8220;AGM&#8221;) to be held on June 30, 2026 at the registered office of the Company.</p><p>A press release regarding the AGM as well as the convening notice and a report from the Company&#8217;s board of directors addressing points 23 and 24 of the agenda are furnished as Exhibits 99.1, 99.2 and 99.3, respectively (and collectively the &#8220;Exhibits&#8221;), to this Report on Form 6-K.</p><p>The information in the attached Exhibits is being furnished and shall not be deemed &#8220;filed&#8221; for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise set forth herein or as shall be expressly set forth by specific reference in such a filing.</p><p style="text-align: center;"><font style="font-size: 10pt;"><strong>EXHIBIT INDEX</strong></font></p><table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0"><tr><td style="text-decoration: underline;" valign="bottom"><font style="font-size: 10pt;"><strong>Exhibit</strong></font></td><td width="20"><font style="font-size: 10pt;">&#160;</font></td><td style="text-decoration: underline;" valign="bottom"><font style="font-size: 10pt;"><strong>Description of Exhibit</strong></font></td></tr><tr><td>&#160;</td><td width="20"><font style="font-size: 10pt;">&#160;</font></td><td><font style="font-size: 10pt;">&#160;</font></td></tr><tr><td><font style="font-size: 10pt;"><a href="exh_991.htm">99.1</a></font></td><td width="20"><font style="font-size: 10pt;">&#160;</font></td><td><font style="font-size: 10pt;"><a href="exh_991.htm">Press release dated June 17, 2026</a> </font></td><td width="20"><font style="font-size: 10pt;">&#160;</font></td><td><font style="font-size: 10pt;">&#160;</font></td></tr><tr><td><font style="font-size: 10pt;"><a href="exh_992.htm">99.2</a></font></td><td width="20"><font style="font-size: 10pt;">&#160;</font></td><td><font style="font-size: 10pt;"><a href="exh_992.htm">Convening Notice to the General Meeting of Shareholders to be held on June 30, 2026</a> </font></td></tr><tr><td><font style="font-size: 10pt;"><a href="exh_993.htm">99.3</a></font></td><td width="20"><font style="font-size: 10pt;">&#160;</font></td><td><font style="font-size: 10pt;"><a href="exh_993.htm">Report from the Company&#8217;s Board of Directors addressing points 23 and 24 of the agenda</a> </font></td></tr></table><hr style="page-break-after: always;" noshade="noshade" /><p style="text-align: center;"><strong>SIGNATURES</strong></p><p>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</p><table style="font: 10pt Times New Roman; width: 100%;" border="0" cellspacing="0" cellpadding="0"><tr style="vertical-align: top;"><td>&#160;</td><td colspan="2"><strong><u>Codere Online Luxembourg, S.A.</u>&#160;&#160;&#160;&#160;</strong></td></tr><tr style="vertical-align: top;"><td>&#160;</td><td colspan="2">(Registrant)</td></tr><tr style="vertical-align: top;"><td style="width: 47%;">&#160;</td><td style="width: 6%;">&#160;</td><td style="text-align: left; width: 47%;">&#160;</td></tr><tr style="vertical-align: top;"><td>&#160;</td><td>&#160;</td><td style="text-align: left;"></td></tr><tr style="vertical-align: top;"><td>Date: June 17, 2026</td><td>By:</td><td style="text-decoration: underline; text-align: left;">/s/ Marcus Arildsson&#160;&#160;&#160;&#160;</td></tr><tr style="vertical-align: top;"><td>&#160;</td><td>Name:</td><td style="text-align: left;">Marcus Arildsson</td></tr><tr style="vertical-align: top;"><td>&#160;</td><td>Title:</td><td style="text-align: left;">Chief Financial Officer</td></tr><tr style="vertical-align: top;"><td>&#160;</td><td>&#160;</td><td style="text-align: left;"></td></tr></table></body></html>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exh_991.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"><html lang="en-US"><head><title>EdgarFiling</title><meta content="text/html; charset=windows-1252" ><meta name="GENERATOR" content="MSHTML 8.00.7601.18094" ></head><body bgcolor="#ffffff"><p style="text-align: right;"><strong>EXHIBIT 99.1</strong></p><p style="text-align: center;"><strong>Codere Online Announces 2026 Annual General Meeting of Shareholders</strong></p><p style="text-align: center;"></p><p>
 <p><b>Luxembourg, Grand Duchy of Luxembourg, June 17, 2026</b> (GLOBE NEWSWIRE) &#8211; Codere Online Luxembourg, S.A. (Nasdaq: CDRO / CDROW) (the &#8220;Company&#8221; or &#8220;Codere Online&#8221;), a leading online gaming operator in Spain and Latin America, today announced that its 2026 Annual General Meeting of Shareholders (&#8220;AGM&#8221;) will be held on June 30, 2026 at 1:00 PM CET at the registered office of the Company.</p>  <p>The convening notice of the AGM, including the agenda, proposed resolutions, and voting instructions, as well as a report from the Company&#8217;s board of directors for points 23 and 24 of the agenda are available on the Shareholders Meetings section of the Company&#8217;s website at <b>codereonline.com</b> and are being furnished to the U.S. Securities and Exchange Commission on Form 6-K.</p>  <p>Shareholders of record as of the close of business on June 11, 2026 are entitled to attend and vote at the meeting.</p>  <p><b>About Codere Online </b></p>  <p align="justify">Codere Online refers, collectively, to Codere Online Luxembourg, S.A. and its subsidiaries. Codere Online launched in 2014 as part of the renowned casino operator Codere Group. Codere Online offers online sports betting and online casino through its state-of-the art website and mobile applications. Codere currently operates in its core markets of Spain, Mexico, Colombia, Panama and Argentina. Codere Online&#8217;s online business is complemented by Codere Group&#8217;s physical presence throughout Latin America, forming the foundation of the leading omnichannel gaming and casino presence.</p>  <p align="justify"><b>For more information, please contact:</b></p>  <p align="justify"><b>Investors and Media</b><br >Guillermo Lancha <br >Director, Investor Relations and Communications<br ><b>Guillermo.Lancha@codereonline.com</b><br >(+34) 628.928.152</p> <p></p></body></html>
</TEXT>
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<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>exh_992.htm
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
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<P>

<p style="text-align: right; margin-top: 0; margin-bottom: 0"><b>Exhibit 99.2</b></p>

<p style="margin-top: 0; margin-bottom: 0">&#160;</p>

<p style="margin-top: 0; margin-bottom: 0">&#160;</p>

<p style="font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Codere Online Luxembourg, <font style="letter-spacing: -0.2pt">S.A.</font></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>

<p style="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><i>Soci&eacute;t&eacute; <font style="letter-spacing: -0.1pt">anonyme</font></i></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><i>&#160;</i></p>

<p style="font-size: 10pt; line-height: 202%; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Registered office: 7, rue Robert St&uuml;mper
L-2557 Luxembourg</p>

<p style="font-size: 10pt; line-height: 202%; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Grand Duchy of Luxembourg</p>

<p style="text-align: center; font-size: 10pt; line-height: 13.6pt; margin-top: 0pt; margin-bottom: 0pt">R.C.S. Luxembourg: <font style="letter-spacing: -0.1pt">B255798</font></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>


<p style="margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; line-height: 115%; text-align: center; text-indent: 0.05pt; margin-top: 0pt; margin-bottom: 0pt">CONVENING
NOTICE TO THE ANNUAL GENERAL MEETING OF THE <br >
SHAREHOLDERS OF CODERE ONLINE LUXEMBOURG, S.A. (THE <br >
&#8220;COMPANY&#8221;) TO BE HELD AT THE
REGISTERED OFFICE OF THE COMPANY <br >
ON 30 JUNE 2026 AT 1:00 P.M. (LUXEMBOURG TIME)</p>

<p style="font-size: 10pt; font-weight: bold; line-height: 115%; text-align: center; text-indent: 0.05pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>


<p style="font-size: 10pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Dear <font style="letter-spacing: -0.1pt">Shareholders,</font></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">The board of directors of the Company
(the &quot;<b>Board of Directors</b>&quot;) is pleased to invite you to participate in the annual general meeting of shareholders of the
Company (the &quot;<b>Annual General Meeting</b>&quot; or the &quot;<b>General Meeting</b>&quot;) to be held at the registered office
of the Company on 30 June 2026 at 1:00 p.m. (Luxembourg time), in front of a Luxembourg notary public, with the following agenda items:</p>

<p style="font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; line-height: 115%; text-align: center">&#160;</p>

<p style="font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; line-height: 115%; text-align: center">Agenda of the Annual</p>

<p style="font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; line-height: 115%; text-align: center">General Meeting</p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">1.</td><td style="text-align: justify; padding-right: 7.95pt">Presentation of the report of the statutory auditor (<i>commissaire aux comptes</i>)
of the Company on the statutory annual accounts of the Company for the financial year of the Company starting on 1 January 2025 and ending
on 31 December 2025 (hereafter, the &quot;<b>financial year ended 31 December 2025</b>&quot;).</td></tr></table>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<p style="margin-left: 0.5in; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><u>No resolution is required on this <font style="letter-spacing: -0.2pt">item.</font></u></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>

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<td style="width: 0"></td><td style="width: 0.5in">2.</td><td style="text-align: left; padding-right: 8.15pt">Presentation and approval of the statutory annual accounts of the Company for the
financial year ended 31 December 2025.</td></tr></table>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<p style="margin-left: 0.5in; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><u>Proposed <font style="letter-spacing: -0.1pt">resolution:</font></u></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>

<p style="margin-left: 0.5in; font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><i>After presentation and review of the
statutory annual accounts for the financial year ended 31 December 2025, and of the report of the statutory auditor (commissaire aux comptes)
of the Company on such statutory annual accounts, the General Meeting resolves to approve the statutory annual accounts of the Company
for the financial year ended 31 December 2025.</i></p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><i>&#160;</i></p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">3.</td><td style="text-align: left">Allocation of the financial results in relation to the financial year ended 31 December <font style="letter-spacing: -0.1pt">2025.</font></td></tr></table>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<p style="margin-left: 0.5in; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><u>Proposed <font style="letter-spacing: -0.1pt">resolution:</font></u></p>

<p style="margin-left: 0.5in; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><font style="letter-spacing: -0.1pt">&#160;</font></p>

<p style="margin-left: 0.5in; font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><i>The General Meeting acknowledges that
it appears from the statutory annual accounts of the Company for the financial year ended 31 December 2025 that the financial results
for the financial year ended 31 December 2025 consist of a loss amounting to EUR 7,774,230.36- and resolves to carry forward such loss.</i></p>

<p style="margin-left: 0.5in; font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><i>&#160;</i></p>

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<td style="width: 0"></td><td style="width: 0.5in">4.</td><td style="text-align: justify; padding-right: 5.1pt">Discharge to be granted to the statutory auditor (<i>commissaire aux comptes</i>)
of the Company, Mr. Michel Lecoq, in respect of the performance of his duties during the financial year ended 31 December 2025.</td></tr></table>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<p style="margin-left: 0.5in; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><u>Proposed <font style="letter-spacing: -0.1pt">resolution:</font></u></p>

<p style="margin-left: 0.5in; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>

<p style="margin-left: 0.5in; font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><i>The General Meeting resolves to grant
full discharge to the statutory auditor (commissaire aux comptes) of the Company, Mr. Michel Lecoq, r&eacute;viseur d'entreprises (Certified
Public Auditor), residing at 39, Duarrefstrooss, L-9772 Troine, Grand Duchy of Luxembourg in respect of the performance of his duties
during the financial year ended 31 December <font style="letter-spacing: -0.1pt">2025.</font></i></p>

<p style="margin-left: 0.5in; font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><i><font style="letter-spacing: -0.1pt">&#160;</font></i></p>

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<td style="width: 0"></td><td style="width: 0.5in">5.</td><td style="text-align: justify; padding-right: 8.25pt">Discharge to be granted to Mr. Gonzaga Higuero in respect of the performance of
his duties as member of the Board of Directors during the financial year ended 31 December 2025.</td></tr></table>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<p style="margin-left: 0.5in; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><u>Proposed <font style="letter-spacing: -0.1pt">resolution:</font></u></p>

<p style="margin-left: 0.5in; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>

<p style="margin-left: 0.5in; font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><i>In accordance with Article 461-7 of
the Luxembourg law on commercial companies dated 10 August 1915, as amended from time to time (the &#8220;<b>1915 Law</b>&#8221;), the
General Meeting resolves to grant full discharge to Mr. Gonzaga Higuero in respect of the performance of his duties as member of the Board
of Directors during the financial year ended 31 December 2025.</i></p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><i>&#160;</i></p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">6.</td><td style="text-align: left; padding-right: 8.2pt">Discharge to be granted to Mr. Moshe Edree in respect of the performance of his duties
as member of the Board of Directors during the financial year ended 31 December 2025.</td></tr></table>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<p style="margin-left: 0.5in; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><u>Proposed <font style="letter-spacing: -0.1pt">resolution:</font></u></p>

<p style="margin-left: 0.5in; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>

<p style="margin-left: 0.5in; font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><i>In accordance with Article 461-7
of the 1915 Law, the General Meeting resolves to grant full discharge to Mr. Moshe Edree in respect of the performance of his duties as
member of the Board of Directors during the financial year ended 31 December 2025.</i></p>

<p style="margin-left: 0.5in; font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><i>&#160;</i></p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">7.</td><td style="text-align: justify; padding-right: 8.1pt">Discharge to be granted to Mr. Borja Fern&aacute;ndez Espejel in respect of the
performance of his duties as member of the Board of Directors during the financial year ended 31 December 2025.</td></tr></table>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>
<p style="margin-left: 0.5in; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><u>Proposed <font style="letter-spacing: -0.1pt">resolution:</font></u></p>

<p style="margin-left: 0.5in; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>

<p style="margin-left: 0.5in; font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><i>In accordance with Article 461-7
of the 1915 Law, the General Meeting resolves to grant full discharge to Mr. Borja Fern&aacute;ndez Espejel in respect of the performance
of his duties as member of the Board of Directors during the financial year ended 31 December 2025.</i></p>

<p style="margin-left: 0.5in; font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><i>&#160;</i></p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">8.</td><td style="text-align: justify; padding-right: 8.25pt">Discharge to be granted to Mr. Laurent Teitgen in respect of the performance of
his duties as member of the Board of Directors during the financial year ended 31 December 2025.</td></tr></table>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>
<p style="margin-left: 0.5in; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><u>Proposed <font style="letter-spacing: -0.1pt">resolution:</font></u></p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="margin-left: 0.5in; font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><i>In accordance with Article 461-7
of the 1915 Law, the General Meeting resolves to grant full discharge to Mr. Laurent Teitgen in respect of the performance of his duties
as member of the Board of Directors during the financial year ended 31 December 2025.</i></p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<!-- Field: Page; Sequence: 2 -->
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<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"></p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">9.</td><td style="text-align: justify; padding-right: 8.2pt">Discharge to be granted to Mr. Daniel Valdez in respect of the performance of his
duties as member of the Board of Directors during the financial year ended 31 December 2025.</td></tr></table>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>
<p style="margin-left: 0.5in; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><u>Proposed <font style="letter-spacing: -0.1pt">resolution:</font></u></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>

<p style="margin-left: 0.5in; font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><i>In accordance with Article 461-7
of the 1915 Law, the General Meeting resolves to grant full discharge to Mr. Daniel Valdez in respect of the performance of his duties
as member of the Board of Directors during the financial year ended 31 December 2025.</i></p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">10.</td><td style="text-align: justify; padding-right: 8.2pt">Discharge to be granted to Mr. Gabriel Saenz de Buruaga in respect of the performance
of his duties as member of the Board of Directors during the financial year ended 31 December 2025.</td></tr></table>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>
<p style="margin-left: 0.5in; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><u>Proposed <font style="letter-spacing: -0.1pt">resolution:</font></u></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>

<p style="margin-left: 0.5in; font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><i>In accordance with Article 461-7 of
the 1915 Law, the General Meeting resolves to grant full discharge to Mr. Gabriel Saenz de Buruaga in respect of the performance of his
duties as member of the Board of Directors during the financial year ended 31 December 2025.</i></p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">11.</td><td style="text-align: justify; padding-right: 8.3pt">Discharge to be granted to Mr. Oscar Iglesias in respect of the performance of his
duties as member of the Board of Directors during the financial year ended 31 December 2025.</td></tr></table>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>
<p style="margin-left: 0.5in; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><u>Proposed <font style="letter-spacing: -0.1pt">resolution:</font></u></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>

<p style="margin-left: 0.5in; font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><i>In accordance with Article 461-7
of the 1915 Law, the General Meeting resolves to grant full discharge to Mr. Oscar Iglesias in respect of the performance of his duties
as member of the Board of Directors during the financial year ended 31 December 2025.</i></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">12.</td><td style="text-align: justify; padding-right: 8.15pt">Discharge to be granted to Mr. Ga&euml;tan Dumont in respect of the performance
of his duties as member of the Board of Directors during the financial year ended 31 December 2025.</td></tr></table>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>
<p style="margin-left: 0.5in; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><u>Proposed <font style="letter-spacing: -0.1pt">resolution:</font></u></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>

<p style="margin-left: 0.5in; font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><i>In accordance with Article 461-7
of the 1915 Law, the General Meeting resolves to grant full discharge to Mr. Ga&euml;tan Dumont in respect of the performance of his duties
as member of the Board of Directors during the financial year ended 31 December 2025.</i></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">13.</td><td style="text-align: justify; padding-right: 8.1pt">Decision to appoint with immediate effect Mr. Gonzaga Higuero to the Board of Directors
until the annual general meeting of the shareholders of the Company to be held in 2027 concerning the approval of the annual accounts
of the Company for the financial year ending on 31 December 20265.</td></tr></table>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>
<p style="margin-left: 0.5in; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><u>Proposed <font style="letter-spacing: -0.1pt">resolution:</font></u></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>

<p style="margin-left: 0.5in; font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><i>The General Meeting resolves to appoint with
immediate effect Mr. Gonzaga Higuero as member of the Board of Directors until the annual general meeting of the shareholders <font style="letter-spacing: -0.25pt">of
the Company to be held in 2027 concerning the approval of the annual accounts of the Company for the financial year ending on 31
December 2026.</font></i></p>

<p style="font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<!-- Field: Page; Sequence: 3 -->
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<p style="font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt"></p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">14.</td><td style="text-align: justify; padding-right: 8.1pt">Decision to appoint with immediate effect Mr. Moshe Edree to the Board of Directors
until the annual general meeting of the shareholders of the Company to be held in 2027 concerning the approval of the annual accounts
of the Company for the financial year ending on 31 December 2026.</td></tr></table>

<p style="font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<p style="margin-left: 0.5in; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><u>Proposed <font style="letter-spacing: -0.1pt">resolution:</font></u></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>

<p style="margin-left: 0.5in; font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><i>The General Meeting resolves to appoint
with immediate effect Mr. Moshe Edree as member of the Board of Directors until the annual general meeting of the shareholders of the
Company to be held in 2027 concerning the approval of the annual accounts of the Company for the financial year ending on 31 December
2026.</i></p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><i>&#160;</i></p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">15.</td><td style="text-align: justify; padding-right: 8.1pt">Decision to appoint with immediate effect Mr. Borja Fern&aacute;ndez Espejel to
the Board of Directors until the annual general meeting of the shareholders of the Company to be held in 2027 concerning the approval
of the annual accounts of the Company for the financial year ending on 31 December 2026.</td></tr></table>

<p style="font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<p style="margin-left: 0.5in; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><u>Proposed <font style="letter-spacing: -0.1pt">resolution:</font></u></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>

<p style="margin-left: 0.5in; font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><i>The General Meeting resolves to appoint
with immediate effect Mr. Borja Fern&aacute;ndez Espejel as member of the Board of Directors until the annual general meeting of the shareholders
of the Company to be held in 2027 concerning the approval of the annual accounts of the Company for the financial year ending on 31 December
2026.</i></p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><i>&#160;</i></p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">16.</td><td style="text-align: justify; padding-right: 8.1pt">Decision to appoint with immediate effect Mr. Laurent Teitgen to the Board of Directors
until the annual general meeting of the shareholders of the Company to be held in 2027 concerning the approval of the annual accounts
of the Company for the financial year ending on 31 December 2026.</td></tr></table>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>
<p style="margin-left: 0.5in; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><u>Proposed <font style="letter-spacing: -0.1pt">resolution:</font></u></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>

<p style="margin-left: 0.5in; font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><i>The General Meeting resolves to appoint
with immediate effect Mr. Laurent Teitgen as member of the Board of Directors until the annual general meeting of the shareholders of
the Company to be held in 2027 concerning the approval of the annual accounts of the Company for the financial year ending on 31 December
2026.</i></p>

<p style="margin-left: 0.5in; font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><i>&#160;</i></p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">17.</td><td style="text-align: justify; padding-right: 8.1pt">Decision to appoint with immediate effect Mr. Daniel Valdez to the Board of Directors
until the annual general meeting of the shareholders of the Company to be held in 2027 concerning the approval of the annual accounts
of the Company for the financial year ending on 31 December 2026.</td></tr></table>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>
<p style="margin-left: 0.5in; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><u>Proposed <font style="letter-spacing: -0.1pt">resolution:</font></u></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>

<p style="margin-left: 0.5in; font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><i>The General Meeting resolves to appoint
with immediate effect Mr. Daniel Valdez as member of the Board of Directors until the annual general meeting of the shareholders of the
Company to be held in 2027 concerning the approval of the annual accounts of the Company for the financial year ending on 31 December
2026.</i></p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><i>&#160;</i></p>

<!-- Field: Page; Sequence: 4 -->
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<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><i></i></p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">18.</td><td style="text-align: justify; padding-right: 8.1pt">Decision to appoint with immediate effect Mr. Gabriel Saenz de Buruaga to the Board
of Directors until the annual general meeting of the shareholders of the Company to be held in 2027 concerning the approval of the annual
accounts of the Company for the financial year ending on 31 December 2026.</td></tr></table>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>
<p style="margin-left: 0.5in; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><u>Proposed <font style="letter-spacing: -0.1pt">resolution:</font></u></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>

<p style="margin-left: 0.5in; font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><i>The General Meeting resolves to appoint
with immediate effect Mr. Gabriel Saenz de Buruaga as member of the Board of Directors until the annual general meeting of the shareholders
of the Company to be held in 2027 concerning the approval of the annual accounts of the Company for the financial year ending on 31 December
2026.</i></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">19.</td><td style="text-align: justify; padding-right: 8.1pt">Decision to appoint with immediate effect Mr. Oscar Iglesias to the Board of Directors
until the annual general meeting of the shareholders of the Company to be held in 2027 concerning the approval of the annual accounts
of the Company for the financial year ending on 31 December 2026.</td></tr></table>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>
<p style="margin-left: 0.5in; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><u>Proposed <font style="letter-spacing: -0.1pt">resolution:</font></u></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>

<p style="margin-left: 0.5in; font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><i>The General Meeting resolves to appoint
with immediate effect Mr. Oscar Iglesias as member of the Board of Directors until the annual general meeting of the shareholders of the
Company to be held in 2027 concerning the approval of the annual accounts of the Company for the financial year ending on 31 December
2026.</i></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">20.</td><td style="text-align: justify; padding-right: 8.1pt">Decision to appoint with immediate effect Mr. Ga&euml;tan Dumont to the Board of
Directors until the annual general meeting of the shareholders of the Company to be held in 2027 concerning the approval of the annual
accounts of the Company for the financial year ending on 31 December 2026.</td></tr></table>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>
<p style="margin-left: 0.5in; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><u>Proposed <font style="letter-spacing: -0.1pt">resolution:</font></u></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>

<p style="margin-left: 0.5in; font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><i>The General Meeting resolves to appoint
with immediate effect Mr. Ga&euml;tan Dumont as member of the Board of Directors until the annual general meeting of the shareholders
of the Company to be held in 2027 concerning the approval of the annual accounts of the Company for the financial year ending on 31 December
2026.</i></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">21.</td><td style="text-align: justify; padding-right: 8.15pt">Decision to appoint with immediate effect Mr. Michel Lecoq as statutory auditor
(<i>commissaire aux comptes</i>) of the Company until the annual general meeting of the shareholders of the Company to be held in 2029
concerning the approval of the annual accounts of the Company for the financial year ending on 31 December 2028.</td></tr></table>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>
<p style="margin-left: 0.5in; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><u>Proposed <font style="letter-spacing: -0.1pt">resolution:</font></u></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>

<p style="margin-left: 0.5in; font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><i>The General Meeting resolves to appoint
with immediate effect Mr. Michel Lecoq as statutory auditor (commissaire aux comptes) of the Company until the annual general meeting
of the shareholders of the Company to be held in 2029 concerning the approval <font style="letter-spacing: -0.1pt">of the annual accounts
of the Company for the financial year ending on 31 December 2028.</font></i></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>

<!-- Field: Page; Sequence: 5 -->
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<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b></b></p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">22.</td><td style="text-align: justify; padding-right: 8.1pt">Decision to authorize the payment of a maximum amount of EUR 500,000.- (excluding
VAT) per annum by the Company as aggregate remuneration to the Directors for the performance of their respective mandates for the Company
until the annual general meeting of the shareholders of the Company to be held in 2027.</td></tr></table>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>
<p style="margin-left: 0.5in; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><u>Proposed <font style="letter-spacing: -0.1pt">resolution:</font></u></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>

<p style="margin-left: 0.5in; font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><i>The General Meeting resolves to authorize
the payment of a maximum amount of EUR 500,000.- (excluding VAT) per annum by the Company as aggregate remuneration to the Directors for
the performance of their respective mandates for the Company until the annual general meeting of the shareholders of the Company to be
held in 2027.</i></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">23.</td><td style="text-align: justify; padding-right: 8.05pt">Decision to approve the report issued by the Company's board of directors according
to article 420-26 (5) of the Luxembourg law dated 10 August 1915 on commercial companies as amended from time to time (the &quot;<b>1915
Law</b>&quot;), relating to the possibility for the board of directors of the Company to cancel or limit any preferential subscription
right of the shareholders of the Company upon the increases of capital in the framework of the authorised share capital it is proposed
to renew and restate, as mentioned in point 24 of the <font style="letter-spacing: -0.1pt">agenda</font></td></tr></table>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>
<p style="margin-left: 0.5in; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><u>Proposed <font style="letter-spacing: -0.1pt">resolution:</font></u></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>

<p style="margin-left: 0.5in; font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><i>The General Meeting resolves to
approve the report issued by the Company's board of directors according to article 420-26 (5) of the 1915 Law, relating to the possibility
for the board of directors of the Company to cancel or limit any preferential subscription right of the shareholders of the Company upon
the increases of capital in the framework of the authorised share capital it is proposed to renew and restate, as mentioned in point 24
of the agenda.</i></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><i>&#160;</i></p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">24.</td><td style="text-align: justify; padding-right: 8pt">Subject to approval of point 23 of the agenda, decision to renew and restate the existing
authorised share capital of the Company and to set it to an amount of one hundred million euros (EUR 100,000,000.-) for a period of five
(5) years from the date of the General Meeting (or in case of adjourning or reconvening the General Meeting because no quorum has been
reached, the date of the adjourned or reconvened general meeting) and to confirm, based on the report drawn up by the board of directors
as referred to in article 420-26 (5) of the 1915 Law, for a new period of five (5) years, all powers granted to the board of directors
of the Company to carry out capital increases within the framework of the authorised capital under the conditions and methods it will
set with the possibility to cancel or limit any preferential subscription right of the shareholders on the issue of new shares to be issued
within the framework of the authorised corporate capital, it being understood that all financial instruments carrying an entitlement to,
or the right to subscribe for, shares issued until the expiry of that period may still be converted or exercised subsequently to that
date.</td></tr></table>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>
<p style="margin-left: 0.5in; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><u>Proposed <font style="letter-spacing: -0.1pt">resolution:</font></u></p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="margin-left: 0.5in; font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><i>The General Meeting resolves to renew
and restate the existing authorised share capital of the Company and to set it to an amount of one hundred million euros (EUR 100,000,000.-)
for a period of five (5) years from the date of this general meeting of the shareholders and to confirm, based on the report drawn up
by the board of directors as referred to in article 420-26 (5) of the 1915 Law, for a new period of five (5) years, all powers granted
to the board of directors of the Company to carry out capital increases within the framework of the authorised capital under the conditions
and methods it will set with the possibility to cancel or limit any preferential subscription right of the shareholders on the issue of
new shares to be issued within the framework of the authorised corporate capital, it being understood that all financial instruments carrying
an entitlement to, or the right to subscribe for, shares issued until the expiry of that period may still be converted or exercised subsequently
to that date.</i></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><i>&#160;</i></p>

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<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><i></i></p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">25.</td><td style="text-align: left; padding-right: 8.15pt">Subject to approval of the points 23 and 24 of the agenda, to amend and restate article
5.2 of the articles of association of the Company to reflect points 23 and 24 above.</td></tr></table>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><i>&#160;</i></p>
<p style="margin-left: 0.5in; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><u>Proposed <font style="letter-spacing: -0.1pt">resolution:</font></u></p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="margin-left: 0.5in; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><i>The General Meeting resolves to amend
and restate article 5.2 of the articles of association of the Company to reflect the above resolutions, so that it shall now read as follows:</i></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><i>&#160;</i></p>

<p style="margin-left: 0.5in; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"> <i>5.2</i> <i>Authorised share capital &#8211; Free <font style="letter-spacing: -0.1pt">shares</font></i></p>



<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><i>&#160;</i></p>

<p style="margin-left: 0.5in; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><i>5.2.1&#160;&#160;
The authorised, but unissued and unsubscribed share capital of the Company (the &quot;<b>Authorised Capital</b>&quot;) is one hundred
million euros (EUR 100,000,000.-), represented by <font style="letter-spacing: -0.1pt">one hundred million (100,000,000) shares with a
nominal value of one euro (EUR 1.-) each.</font></i></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><i>&#160;</i></p>

<p style="margin-left: 0.5in; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><i>5.2.2&#160;&#160;
The Board of Directors is authorised to realise any increase of the share capital or equity of the Company with or without the issuance
of new Shares (&quot;<b>Board Issued Shares</b>&quot;) or to issue convertible bonds, convertible preferred equity certificates, warrants,
options or other convertible instruments, exchangeable or exercisable into new Shares (&quot;<b>Convertible Instruments</b>&quot;) and
to issue new Shares further to the conversion or exercise of the Convertible Instruments up to the limit of the Authorised Capital from
time to time subject as follows: (a) the above authorisation will expire five years after the date of the general meeting of shareholders
held on 30 June 2026, provided that a further period or periods of authorisation following that period may be approved by Shareholders'
Resolution to the extent permitted by the 1915 Law;</i></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><i>&#160;</i></p>

<p style="margin-left: 0.5in; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><i>(b) the Board of Directors may limit
or cancel the Shareholders' preferential rights to subscribe for (i) the Board Issued Shares as well as (ii) the Convertible Instruments
and may issue (i) the Board Issued Shares as well as (ii) the Convertible Instruments to such persons and at such price with or without
a premium and paid up by contribution in kind or for cash or by incorporation of claims or capitalisation of reserves or in any other
way as the Board of Directors may determine, subject to the 1915 Law.</i></p>

<p style="margin-left: 0.5in; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><i>&#160;</i></p>

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<p style="margin-left: 0.5in; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"></p>

<p style="margin-left: 0.5in; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><i>5.2.3&#160; The
Board of Directors is further authorised to make an allotment of existing or newly issued shares without consideration to the following
persons:</i></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><i>&#160;</i></p>

<p style="margin-left: 0.5in; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"> <font style="letter-spacing: -0.05pt"><i>(a)</i></font> <i>employees of the Company or certain categories amongst <font style="letter-spacing: -0.1pt">those;</font></i></p>



<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><i>&#160;</i></p>

<p style="margin-left: 0.5in; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><font style="letter-spacing: -0.05pt"><i>(b)&#160;&#160;
</i></font><i>employees of companies or economic interest grouping in which the Company holds directly or indirectly at least fifty per
cent (50%) of the share capital or voting rights;</i></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><i>&#160;</i></p>

<p style="margin-left: 0.5in; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><font style="letter-spacing: -0.05pt"><i>(c)&#160;
</i></font><i>employees of companies or economic interest grouping in which at least fifty per cent (50%) of the share capital or voting
rights is held directly or indirectly by a company which holds directly or indirectly at least fifty per cent (50%) of the share capital
of the Company;</i></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><i>&#160;</i></p>

<p style="margin-left: 0.5in; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><font style="letter-spacing: -0.05pt"><i>(d)&#160;&#160;
</i></font><i>members of the corporate bodies of the Company or of the companies or economic interest grouping listed in point (b) to
(c) above or certain categories amongst those.</i></p>

<p style="margin-left: 0.5in; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><i>&#160;</i></p>

<p style="margin-left: 0.5in; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"> <i>5.2.4</i> <i>The Board of Directors is authorised <font style="letter-spacing: -0.25pt">to:</font></i></p>



<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><i>&#160;</i></p>

<p style="margin-left: 0.5in; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><font style="letter-spacing: -0.05pt"><i>(a)&#160;
</i></font><i>do all things necessary or desirable to amend this Article 5 in order to reflect and record any change of issued Share capital
made pursuant to Articles 5.2.2 and 5.2.3;</i></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><i>&#160;</i></p>

<p style="margin-left: 0.5in; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><font style="letter-spacing: -0.05pt"><i>(b)&#160;&#160;&#160;&#160;
</i></font><i>take or authorise any actions necessary or desirable for the execution and/or publication of such amendment in accordance
with Luxembourg Law;</i></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><i>&#160;</i></p>

<p style="margin-left: 0.5in; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><font style="letter-spacing: -0.05pt"><i>(c)&#160;
</i></font><i>delegate to any Director or officer of the Company, or to any other person, the duties of accepting subscriptions and receiving
payments for any Board Issued Shares and/or Convertible Instruments and enacting any issue of Board Issued Shares before a notary.&quot;</i></p>

<p style="font-size: 10pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><font style="letter-spacing: -0.5pt">*</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="letter-spacing: -0.5pt">*</font></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><font style="letter-spacing: -0.5pt">*</font></p>

<p style="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></p>

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<p style="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font-size: 10pt; font-weight: bold; line-height: 115%; text-align: center; text-indent: -0.05pt; margin-top: 0pt; margin-bottom: 0pt"><u>WE
KINDLY ASK YOU TO PLEASE CAREFULLY READ AND FOLLOW THE RULES GOVERNING THE HOLDING OF THE ANNUAL GENERAL MEETING SET OUT HEREAFTER:</u></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>

<p style="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b><u>AVAILABLE INFORMATION AND <font style="letter-spacing: -0.1pt">DOCUMENTATION</font></u></b></p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">The
following information is available on the Company&#8217;s website: <font style="letter-spacing: -0.1pt">https://www.codereonline.com/</font></p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; line-height: 113%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.5in"><font style="font-family: Symbol">&middot;</font></td><td style="text-align: justify; padding-right: 8.1pt">this convening notice for the Annual General Meeting (which includes draft resolutions
in relation to the above agenda points to be adopted at the Annual General Meeting); <font style="letter-spacing: -0.2pt">and</font></td></tr></table>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; line-height: 113%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.5in"><font style="font-family: Symbol">&middot;</font></td><td style="text-align: justify; padding-right: 8.1pt">the Attendance and Proxy Form (as defined below and to be provided by the Depository
(as defined below) together with the convening notice for the Annual General Meeting).</td></tr></table>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">The following documents shall be available
at the Company&#8217;s registered office eight (8) days prior to the Annual General Meeting:</p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; line-height: 113%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.5in"><font style="font-family: Symbol">&middot;</font></td><td style="text-align: justify; padding-right: 8.2pt">the statutory annual accounts of the Company for the financial year ended 31 December
<font style="letter-spacing: -0.1pt">2025;</font></td></tr></table>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; line-height: 113%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.5in"><font style="font-family: Symbol">&middot;</font></td><td style="text-align: justify; padding-right: 7.95pt">the report of the statutory auditor (<i>commissaire aux comptes</i>) of the Company
on the statutory annual accounts of the Company for the financial year ended 31 December 2025; and</td></tr></table>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; line-height: 113%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.5in"><font style="font-family: Symbol">&middot;</font></td><td style="text-align: justify; padding-right: 7.95pt">the draft coordinated articles of association reflecting the proposed changes to
the Articles (as such term is defined below).</td></tr></table>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">These documents may also be obtained
upon written request to the Company and providing evidence of ownership, by any shareholder, free of charge from the Company, eight (8)
days prior to the Annual General Meeting.</p>

<p style="font-size: 10pt; font-weight: bold; text-align: center; text-indent: 0in; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font-size: 10pt; font-weight: bold; text-align: center; text-indent: 0in; margin-top: 0pt; margin-bottom: 0pt"><u>QUORUM AND
<font style="letter-spacing: -0.1pt">MAJORITY</font></u></p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Please note that, in accordance with
article 13.5 of the articles of association of the Company (the &quot;<b>Articles</b>&quot;), the resolutions on the agenda items number
1 to 22 of the Annual General Meeting shall be validly passed if approved by a majority of votes cast in accordance with the voting arrangements
and instructions set out in this Convening Notice, provided that at least <font style="letter-spacing: -0.1pt">33 1/3% of the ordinary
shares of the Company are present or represented at the Annual General Meeting.</font></p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Moreover, in accordance with article
13.7 of the Articles, the resolutions on the agenda items number 23 to 25 can only be validly adopted unless (a) at least one half of
the shares are represented and (b) the agenda indicates the proposed amendments to the Articles and, <font style="letter-spacing: -0.1pt">where</font></p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"></p>

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<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">applicable, the text of those which
concern the objects or the form of the Company (the &quot;<b>Quorum</b>&quot;). If the first of the conditions is not satisfied, a second
meeting may be convened, in the manner prescribed by the Articles or by the 1915 Law. That convening notice shall reproduce the agenda
and indicate the date and the results of the previous meeting. The second meeting shall validly deliberate regardless of the proportion
of the shares represented. At both meetings, resolutions, in order to be adopted, must be carried by at least two-third (2/3) of the votes
cast. Votes cast shall not include votes attaching to shares in respect of which the shareholder has not taken part in the vote or has
abstained or has returned a blank or invalid <font style="letter-spacing: -0.1pt">vote.</font></p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">In accordance with Article 13.12 of the
Articles, Attendance and Proxy Forms which show neither a vote in favour, nor against the resolutions, nor an abstention, shall be void
and shall not be taken into account for the determination of the Quorum.</p>

<p style="font-size: 10pt; font-weight: bold; text-align: center; text-indent: 0in; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font-size: 10pt; font-weight: bold; text-align: center; text-indent: 0in; margin-top: 0pt; margin-bottom: 0pt"><u>RECORD DATE AND SHAREHOLDING CONFIRMATION
<font style="letter-spacing: -0.1pt">CERTIFICATE</font></u></p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">In accordance with Article 13.10 of the
Articles, the Board of Directors has determined as the record date for admission to the Annual General Meeting close of business (11:59
p.m. Luxembourg time, 5:59 p.m. EST) on 11 June 2026 (the &quot;<b>Record Date</b>&quot;).</p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Any shareholder who holds one or more
ordinary shares(s) of the Company on the Record Date may vote at the Annual General Meeting. Shareholders who have transferred their ordinary
shares between the Record Date and the date of the Annual General Meeting cannot participate at the Annual General Meeting. In case of
breach of such prohibition, criminal sanctions may <font style="letter-spacing: -0.1pt">apply.</font></p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">In accordance with article 13.11 of the
Articles, shareholders wishing to participate in the Annual General Meeting must provide the Company with a certificate issued by the
Company's depository CONTINENTAL STOCK TRANSFER &amp; TRUST CO (the &quot;<b>Depository</b>&quot;) certifying the number of shares recorded
in the relevant account on the Record Date or a brokerage statement showing proof of ownership of shares of the Company and the number
of shares held on the Record Date (the &quot;<b>Shareholding Confirmation Certificate</b>&quot;). Please contact the Depository at <font>CSTmail@continentalstock.com</font>
(in case your shares are held through book entries) or your broker (in case your shares are held through Cede &amp; Co) on or as soon
as possible after the Record Date to obtain such Shareholding Confirmation <font style="letter-spacing: -0.1pt">Certificate.</font></p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">The Shareholding Confirmation Certificate
must be provided to <font>ir@codereonline.com</font> no later than 11:59 p.m. Luxembourg time (5:59 p.m. EST) on
25 June 2026.</p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Any Shareholding Confirmation Certificate
provided after this date or certifying the number of shares recorded in the relevant account on a date other than the Record Date shall
be considered void and the holder of the shares in question shall not be able to participate in the Annual General Meeting.</p>

<p style="font-size: 10pt; font-weight: bold; text-align: center; text-indent: 0in; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

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<p style="font-size: 10pt; font-weight: bold; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></p>

<p style="font-size: 10pt; font-weight: bold; text-align: center; text-indent: 0in; margin-top: 0pt; margin-bottom: 0pt"><u>PARTICIPATION IN THE ANNUAL
GENERAL <font style="letter-spacing: -0.1pt">MEETING</font></u></p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Shareholders may physically attend, participate
and vote in the Annual General Meeting to be held at the registered office of the Company on 30 June 2026 at 1:00 p.m. (Luxembourg <font style="letter-spacing: -0.1pt">time).</font></p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">If you wish to be represented at the
Annual General Meeting, or would like to express your vote at the Annual General Meeting through voting form, in accordance with article
13.12 of the Articles, please use the attendance and proxy form (the &quot;<b>Attendance and Proxy Form</b>&quot;), which will be provided
to you by the Depository together with the convening notice for the Annual General Meeting and which is also available on the Company's
website: <font style="letter-spacing: -0.1pt">https://www.codereonline.com/</font><font style="letter-spacing: -0.1pt">.</font></p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">In that case we would be grateful if you could
return the <b>Attendance and Proxy Form </b>duly completed and signed by e-mail to <font>ir@codereonline.com</font>
no later than close of business (11:59 p.m. Luxembourg time, 5:59 p.m. EST) on 26 June 2026.</p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Please note that Attendance and Proxy
Forms received after this date will not be taken into account for the determination of the Quorum and the respective holders of shares
will not be able to participate in the Annual General Meeting.</p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">For any technical questions relating
to your participation in the Annual General Meeting, please contact Guillermo Lancha, Director of Investor Relations<font style="font-size: 10pt; color: #333E47; line-height: 115%"><b>,
</b></font>at <font>guillermo.lancha@codere.com</font>.</p>

<p style="font-size: 10pt; font-weight: bold; text-align: center; text-indent: 0in; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font-size: 10pt; font-weight: bold; text-align: center; text-indent: 0in; margin-top: 0pt; margin-bottom: 0pt"><u>DATA <font style="letter-spacing: -0.1pt">PROTECTION</font></u></p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">In the context of the organization and holding
of the Annual General Meeting, the Company processes personal data concerning its shareholders or individuals relating to its shareholders,
in accordance with the applicable legislation and in particular the General Data Protection Regulation (EU) 2016/679, and as further described
in our data protection notice attached as <u>Annex I</u> hereto.</p>

<p style="font-size: 10pt; line-height: 187%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font-size: 10pt; line-height: 187%; margin-top: 0pt; margin-bottom: 0pt"></p>

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<p style="font-size: 10pt; line-height: 187%; margin-top: 0pt; margin-bottom: 0pt">On
behalf of the Board of Directors, we thank you for your continued support.</p>

<p style="font-size: 10pt; line-height: 187%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font-size: 10pt; line-height: 187%; margin-top: 0pt; margin-bottom: 0pt"><font style="letter-spacing: -0.1pt">Sincerely,</font></p>



<p style="margin-top: 0pt; margin-bottom: 0pt"></p>

<table cellpadding="0" cellspacing="0" style="font-size: 10pt; border-collapse: collapse; width: 100%">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; width: 30%">/s/ Gonzaga Higuero</td>
    <td style="width: 70%">&#160;</td></tr>
  </table>


<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font-size: 10pt; line-height: 186%; margin-top: 0pt; margin-bottom: 0pt">Gonzaga Higuero, Chairman of the Board of Directors</p>

<p style="font-size: 10pt; line-height: 186%; margin-top: 0pt; margin-bottom: 0pt">Luxembourg,
on 11 June 2026</p>

<p style="font-size: 10pt; line-height: 186%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font-size: 10pt; line-height: 186%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font-size: 10pt; line-height: 186%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></p>

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<p style="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b><u>ANNEX <font style="letter-spacing: -0.5pt">I</font></u></b></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>

<p style="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>PRIVACY <font style="letter-spacing: -0.1pt">NOTICE</font></b></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">1.</td><td style="text-align: left"><font style="font-size: 10pt; letter-spacing: -0.1pt"><b>SCOPE</b></font></td></tr></table>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">1.1</td><td style="text-align: justify; padding-right: 7.95pt"><font style="font-size: 10pt; line-height: 115%">This data protection notice (&quot;<b>Notice</b>&quot;)
informs you about the processing of your personal data or that of the shareholder's representative(s) by Codere Online Luxembourg, S.A.
(the &quot;<b>Company</b>&quot;) in the context of the organization and holding of general meetings of shareholders.</font></td></tr></table>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">1.2</td><td style="text-align: justify; padding-right: 8pt"><font style="font-size: 10pt; line-height: 115%">Personal data provided to the Company
will be processed in compliance with the requirements of the EU Regulation 2016/679 on the protection of natural persons with regard to
the processing of personal data and on the free movement of such data as may be amended from time to time (&quot;<b>GDPR</b>&quot;) and
any applicable implementing legislation.</font></td></tr></table>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">1.3</td><td style="text-align: justify; padding-right: 8.1pt"><font style="font-size: 10pt; line-height: 115%">This Notice sets out how the Company
will process personal data about its shareholders or their representatives.</font></td></tr></table>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in"><font style="font-size: 10pt; font-weight: normal">2.</font></td><td><b>IDENTITY OF
                                            THE CONTROLLER OF YOUR PERSONAL <font style="letter-spacing: -0.2pt">DATA</font></b></td></tr></table>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">2.1</td><td style="text-align: left"><font style="font-size: 10pt">The controller <font style="letter-spacing: -0.25pt">is:</font></font></td></tr></table>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<p style="margin-left: 0.5in; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; text-align: left">Codere Online Luxembourg, <font style="letter-spacing: -0.2pt">S.A.</font></p>

<p style="margin-left: 0.5in; font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">7, rue Robert St&uuml;mper L-2557 Luxembourg</p>

<p style="margin-left: 0.5in; font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">Grand Duchy
of Luxembourg</p>

<p style="margin-left: 0.5in; font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">R.C.S. Luxembourg: B <font style="letter-spacing: -0.1pt">255798</font></p>

<p style="margin-left: 0.5in; font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt"><font style="letter-spacing: -0.1pt">&#160;</font></p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">2.2</td><td style="text-align: justify; padding-right: 8.1pt"><font style="font-size: 10pt; line-height: 115%">You may contact the Company for
all queries you have in relation to this Notice using our contact details which can be found in <u>Section </u>12 below &quot;<i>How to
contact us</i>&quot;.</font></td></tr></table>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in"><font style="font-size: 10pt; font-weight: normal">3.</font></td><td><b>WHAT CATEGORIES
                                            OF PERSONAL DATA DO WE <font style="letter-spacing: -0.1pt">COLLECT</font></b></td></tr></table>

<p style="font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="margin-left: 0.5in; font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">When preparing its general meetings of shareholders, the Company
processes the following categories of personal data:</p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 62.2pt"></td><td style="width: 18pt"><font style="font-family: Symbol">&middot;</font></td><td style="text-align: left">personal details (such as the name, <font style="letter-spacing: -0.1pt">address);</font></td></tr></table>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 62.2pt"></td><td style="width: 18pt"><font style="font-family: Symbol">&middot;</font></td><td style="text-align: left">contact details (e-mail address, telephone number); <font style="letter-spacing: -0.25pt">and</font></td></tr></table>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; line-height: 112%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 62.2pt"></td><td style="width: 18pt"><font style="font-family: Symbol">&middot;</font></td><td style="text-align: left; padding-right: 8.2pt">information concerning the shares held (number of shares and type of <font style="letter-spacing: -0.1pt">ownership).</font></td></tr></table>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

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    <div style="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
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<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"></p>

<p style="margin-left: 0.5in; font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">In addition, the following categories of personal data will be <font style="letter-spacing: -0.1pt">processed:</font></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 62.25pt"></td><td style="width: 17.95pt"><font style="font-family: Symbol">&middot;</font></td><td style="text-align: left">attendance to the general meetings of <font style="letter-spacing: -0.1pt">shareholders;</font></td></tr></table>
<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 62.25pt"></td><td style="width: 17.95pt"><font style="font-family: Symbol">&middot;</font></td><td style="text-align: left">as appropriate, the submission of <font style="letter-spacing: -0.1pt">countermotion.</font></td></tr></table>

<p style="font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="margin-left: 0.5in; font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">Although the shares are registered, only the depository will
be recorded in the share <font style="letter-spacing: -0.1pt">register.</font></p>

<p style="font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in"><font style="font-size: 10pt; font-weight: normal">4.</font></td><td><b>WHERE WE OBTAIN
                                            PERSONAL DATA <font style="letter-spacing: -0.2pt">FROM</font></b></td></tr></table>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="margin-left: 0.5in; font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">The Company processes personal <font style="letter-spacing: -0.2pt">data:</font></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; line-height: 112%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 62.2pt"></td><td style="width: 18pt"><font style="font-family: Symbol">&middot;</font></td><td style="text-align: justify; padding-right: 8.2pt">provided by you (or the shareholder to which you relate) in the course of registering
for the general meeting of shareholders; or</td></tr></table>
<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 62.2pt"></td><td style="width: 18pt"><font style="font-family: Symbol">&middot;</font></td><td style="text-align: left">transmitted by the depository institutions for the <font style="letter-spacing: -0.1pt">shareholder.</font></td></tr></table>
<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in"><font style="font-size: 10pt; font-weight: normal">5.</font></td><td><b>DO YOU HAVE
                                            TO PROVIDE US WITH PERSONAL <font style="letter-spacing: -0.1pt">DATA?</font></b></td></tr></table>
<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">5.1</td><td style="text-align: justify; padding-right: 8.25pt"><font style="font-size: 10pt; line-height: 115%">You are legally required to provide
your personal data listed under section 3 in order to attend the general meeting of shareholders and cannot exercise your shareholder
rights at the general meeting of shareholders without doing so.</font></td></tr></table>
<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in"><font style="font-size: 10pt; font-weight: normal; line-height: 115%">6.</font></td><td style="text-align: justify; padding-right: 8.05pt"><b>DO
                                            YOU HAVE TO INFORM YOUR REPRESENTATIVE(S) AND/OR BENEFICIAL OWNER(S)?</b></td></tr></table>
<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">6.1</td><td style="text-align: justify; padding-right: 8pt"><font style="font-size: 10pt; line-height: 115%">Where the shareholder is an undertaking,
individual whose personal data are provided for the purpose of organising and holding general meetings of shareholders shall be informed
about the processing of their personal data, as well as on their related rights and the Shareholder shall provide them with a copy of
this Notice.</font></td></tr></table>
<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">6.2</td><td style="text-align: justify; padding-right: 8.25pt"><font style="font-size: 10pt; line-height: 115%">The Company may assume that the
Shareholder has complied with the undertakings contained herein and that all individuals have been properly informed.</font></td></tr></table>
<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in"><font style="font-size: 10pt; font-weight: normal">7.</font></td><td><b>WHY WE PROCESS
                                            PERSONAL <font style="letter-spacing: -0.2pt">DATA</font></b></td></tr></table>

<p style="font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="margin-left: 0.5in; font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">The Company processes personal data for the following purposes
and according to the following legal basis:</p>
<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; line-height: 112%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 62.2pt"></td><td style="width: 18pt"><font style="font-family: Symbol">&middot;</font></td><td style="text-align: justify; padding-right: 8.1pt">in order to organize and hold general meetings of shareholders (necessary for compliance
with a legal obligation to which the Company is subject);</td></tr></table>
<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; line-height: 113%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 62.2pt"></td><td style="width: 18pt"><font style="font-family: Symbol">&middot;</font></td><td style="text-align: justify; padding-right: 8pt">to enable shareholders or their representatives to participate in general meetings
of shareholders and to exercise their rights (necessary for compliance with a legal obligation to which the Company is subject);</td></tr></table>
<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
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    <div style="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
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<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; line-height: 112%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 62.25pt"></td><td style="width: 18pt"><font style="font-family: Symbol">&middot;</font></td><td style="text-align: left; padding-right: 8.25pt">in order to authorize proxies (necessary for the purposes of the Company's legitimate
interests);</td></tr></table>

<p style="font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; line-height: 112%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 62.25pt"></td><td style="width: 18pt"><font style="font-family: Symbol">&middot;</font></td><td style="text-align: left; padding-right: 8.15pt">where applicable, in connection with the establishment, exercise or defense of legal
claims (necessary for the purposes of the Company's legitimate interests).</td></tr></table>

<p style="font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="margin-left: 0.5in; font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">Where the Company relies on its legitimate interests, you may
request to be provided with our analysis of the balance of our interests against your rights and freedoms.</p>

<p style="font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in"><font style="font-size: 10pt; font-weight: normal">8.</font></td><td><b>WHO WE SHARE
                                            PERSONAL DATA WITH AND <font style="letter-spacing: -0.25pt">WHY</font></b></td></tr></table>

<p style="font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">8.1</td><td style="text-align: left"><font style="font-size: 10pt">Your personal data may be shared by the Company with the following <font style="letter-spacing: -0.1pt">entities:</font></font></td></tr></table>

<p style="font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; line-height: 112%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 62.25pt"></td><td style="width: 18pt"><font style="font-family: Symbol">&middot;</font></td><td style="text-align: left; padding-right: 8.3pt">other shareholders who participate in the general meeting of shareholders (as your
name would be recorded in the list of participants);</td></tr></table>

<p style="font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; line-height: 112%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 62.25pt"></td><td style="width: 18pt"><font style="font-family: Symbol">&middot;</font></td><td style="text-align: left; padding-right: 8.25pt">lawyers and notaries who assist us in organizing and holding the general meeting of
shareholders;</td></tr></table>

<p style="font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 62.25pt"></td><td style="width: 17.95pt"><font style="font-family: Symbol">&middot;</font></td><td style="text-align: left">the professional advisers of the Company (such as legal and tax counsels); <font style="letter-spacing: -0.25pt">and</font></td></tr></table>

<p style="font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 62.25pt"></td><td style="width: 17.95pt"><font style="font-family: Symbol">&middot;</font></td><td style="text-align: left">other service providers of the <font style="letter-spacing: -0.1pt">Company.</font></td></tr></table>

<p style="font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">8.2</td><td style="text-align: justify; padding-right: 8.05pt"><font style="font-size: 10pt; line-height: 115%">The Company will take all reasonable
steps, as required by the GDPR, to ensure the safety, privacy and integrity of your personal data and will, as required by the GDPR enter
into contracts with such recipients to protect the privacy and integrity of your personal data supplied.</font></td></tr></table>

<p style="font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">8.3</td><td style="text-align: justify; padding-right: 8.1pt"><font style="font-size: 10pt; line-height: 115%">Please note that the Company may
be required to publish your name on its corporate website if you exercise certain shareholder rights (e.g. submitting requests for additions
to the agenda).</font></td></tr></table>

<p style="font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in"><font style="font-size: 10pt; font-weight: normal; line-height: 115%">9.</font></td><td style="text-align: justify; padding-right: 8.05pt"><b>TRANSFERS
                                            OF PERSONAL DATA OUTSIDE THE EUROPEN ECONOMIC AREA (&quot;EEA&quot;)</b></td></tr></table>

<p style="font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">9.1</td><td style="text-align: justify; padding-right: 7.95pt"><font style="font-size: 10pt; line-height: 115%">In principle, the Company and
the third-party providers listed in <u>Section</u> 8 above &quot;<i>Who we share personal data with and why</i>&quot; will not transfer
your personal data outside the <font style="letter-spacing: -0.2pt">EEA.</font></font></td></tr></table>

<p style="font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">9.2</td><td style="text-align: justify; padding-right: 8pt"><font style="font-size: 10pt; line-height: 115%">The Company may from time to time
use external service providers based outside the EEA to whom personal data will be transferred for the printing and dispatching of shareholder
notices, the receipt of registrations and proxies, or the sending of communications to shareholders. In such case, you will be informed
in due course and the Company will ensure that your personal data is protected by either by an adequacy decision of the European Commission,
or appropriate safeguards such as EU model <font style="letter-spacing: -0.1pt">contracts.</font></font></td></tr></table>

<p style="font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
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    <div style="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in"><font style="font-size: 10pt; font-weight: normal">10.</font></td><td><b>HOW LONG
                                            WE KEEP PERSONAL <font style="letter-spacing: -0.2pt">DATA</font></b></td></tr></table>

<p style="font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">10.1</td><td style="text-align: justify; padding-right: 8.1pt"><font style="font-size: 10pt; line-height: 115%">In accordance with the GDPR principles
and in particular article 5 of the GDPR (which lists the core principles relating to the processing of personal data), we do not keep
your personal data for longer than is necessary for the purposes for which they are processed by us.</font></td></tr></table>

<p style="font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">10.2</td><td style="text-align: justify; padding-right: 8.1pt"><font style="font-size: 10pt; line-height: 115%">Personal data collected in connection
with general meetings of shareholders will in principle be retained for five (5) years from the date the relevant general meeting is <font style="letter-spacing: -0.1pt">held.</font></font></td></tr></table>

<p style="font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">10.3</td><td style="text-align: justify; padding-right: 8.1pt"><font style="font-size: 10pt; line-height: 115%">Beyond this, the Company will retain
your personal data where necessary to comply with legal retention obligations under commercial and tax law (in principle 10 years), or
in connection with the establishment, exercise or defense of legal claims.</font></td></tr></table>

<p style="font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in"><font style="font-size: 10pt; font-weight: normal">11.</font></td><td><b>YOUR RIGHTS
                                            IN RESPECT OF YOUR PERSONAL <font style="letter-spacing: -0.2pt">DATA</font></b></td></tr></table>

<p style="font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">11.1</td><td style="text-align: left"><font style="font-size: 10pt">You have certain rights under the GDPR, <font style="letter-spacing: -0.1pt">including:</font></font></td></tr></table>

<p style="font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; line-height: 113%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 61.65pt"></td><td style="width: 18pt"><font style="font-family: Symbol">&middot;</font></td><td style="text-align: justify; padding-right: 8.1pt"><u>The right to access</u> your personal data, free of charge, including the right
to ask for a copy of your personal data where it does not adversely affect the rights and freedoms of others (please note that if you
request any further hard copies later on, we may charge you a reasonable fee based on administrative costs).</td></tr></table>

<p style="font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; line-height: 112%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 61.65pt"></td><td style="width: 18pt"><font style="font-family: Symbol">&middot;</font></td><td style="text-align: justify; padding-right: 8.25pt"><u>The right to have incomplete or inaccurate personal data corrected</u> (including
by means of providing a supplementary statement).</td></tr></table>

<p style="font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">11.2</td><td style="text-align: left"><font style="font-size: 10pt">In some limited <font style="letter-spacing: -0.1pt">circumstances:</font></font></td></tr></table>

<p style="font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; line-height: 112%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 61.65pt"></td><td style="width: 18pt"><font style="font-family: Symbol">&middot;</font></td><td style="text-align: justify; padding-right: 8.3pt"><u>the right to object to the use of your personal data</u> (where processing is
based on the Company's legitimate interest);</td></tr></table>

<p style="font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 61.6pt"></td><td style="width: 18pt"><font style="font-family: Symbol">&middot;</font></td><td style="text-align: left"><u>the right to restrict</u> the use of your personal <font style="letter-spacing: -0.2pt">data;</font></td></tr></table>

<p style="font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; line-height: 113%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 61.65pt"></td><td style="width: 18pt"><font style="font-family: Symbol">&middot;</font></td><td style="text-align: justify; padding-right: 8.1pt"><u>the right to require us to erase/delete</u> your personal data; however, please
note that if we process your personal data in particular to comply with a legal obligation, we will not be able to respond positively
to your request to erase/delete your personal data.</td></tr></table>

<p style="font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 61.65pt"></td><td style="width: 18pt"><font style="font-family: Symbol">&middot;</font></td><td style="text-align: justify; padding-right: 8.1pt">the right to receive personal data which you have provided to us in a structured,
commonly used and machine-readable format and <u>the right to transmit</u> those data to another data controller; however, please note
that this right to data portability only arises where: (a) the processing is based on consent or on a contract; and (b) the processing
is carried out by automated means, and (c) it does not adversely affect the rights and freedoms of others. This data portability right
also only applies to the data that you have provided to us.</td></tr></table>

<p style="font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
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    <div style="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">11.3</td><td style="text-align: left"><font style="font-size: 10pt">You are hereby informed that no automated decision making or profiling is <font style="letter-spacing: -0.1pt">conducted.</font></font></td></tr></table>

<p style="font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">11.4</td><td style="text-align: justify; padding-right: 8.1pt"><font style="font-size: 10pt; line-height: 115%">You may contact us using our contact
details which can be found in <u>Section </u>12 below &quot;<i>How to contact us</i>&quot; if you would like to exercise such rights.
We will respond to you as swiftly as possible.</font></td></tr></table>

<p style="font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">11.5</td><td style="text-align: justify; padding-right: 8.05pt"><font style="font-size: 10pt; line-height: 115%">In addition, you also have the
right to ask questions or lodge a complaint about our processing of your personal data with the relevant supervisory authority. You can
complain in the EEA Member State where you live or work, or that of the place where the alleged breach of the GDPR has taken place. In
Luxembourg, the relevant supervisory authority is the <i>Commission Nationale pour la Protection des Donn&eacute;es <font style="letter-spacing: -0.1pt">(CNPD)</font></i><font style="letter-spacing: -0.1pt">.</font></font></td></tr></table>

<p style="font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in"><font style="font-size: 10pt; font-weight: normal">12.</font></td><td><b>HOW TO CONTACT
                                            <font style="letter-spacing: -0.25pt">US</font></b></td></tr></table>

<p style="font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<p style="margin-left: 0.5in; font-size: 10pt; line-height: 115%; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">If you want more details on the processing
of your personal data, if you have any specific queries or concerns regarding the processing of your personal data, if you want to exercise
your rights towards us or if you would like to make a complaint, do not hesitate to contact us at <font><i>dpo.codere@codere.com</i></font>.</p>

<p style="font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in"><font style="font-size: 10pt; font-weight: normal">13.</font></td><td><b>AMENDMENTS
                                            TO THIS <font style="letter-spacing: -0.1pt">NOTICE</font></b></td></tr></table>

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<td style="width: 0"></td><td style="width: 0.5in">13.1</td><td style="text-align: justify; padding-right: 8.15pt"><font style="font-size: 10pt; line-height: 115%">This Notice is kept under regular
review and may be updated from time to time and you will be notified in writing in case of any changes.</font></td></tr></table>

<p style="font-size: 10pt; line-height: 115%; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">13.2</td><td style="text-align: left"><font style="font-size: 10pt">This Notice was last updated in June <font style="letter-spacing: -0.1pt">2024.</font></font></td></tr></table>



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<p style="text-align: right; margin: 0"><b>Exhibit 99.3</b></p>

<p style="margin: 0">&#160;</p>

<p style="font-size: 10pt; font-weight: bold; text-align: center; text-indent: 0in; margin: 0pt 0.15pt">Codere Online Luxembourg, <font style="letter-spacing: -0.2pt">S.A.</font></p>

<p style="font-size: 10pt; margin: 0pt 0"><b>&#160;</b></p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0.2pt 0pt 0.15pt"><i>Soci&eacute;t&eacute; <font style="letter-spacing: -0.1pt">anonyme</font></i></p>

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<p style="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"><i></i>Registered office: 7, rue Robert St&uuml;mper L-2557 Luxembourg</p>

<p style="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&#160;</p>

<p style="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">Grand Duchy of Luxembourg</p>

<p style="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&#160;</p>

<p style="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">R.C.S. Luxembourg: B255798</p>

<p style="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&#160;</p>

<p style="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">(the &quot;<b>Company</b>&quot;)</p>

<p style="font-size: 10pt; margin: 0pt 0">&#160;</p>

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<p style="font-size: 10pt; font-weight: bold; text-align: center; text-indent: 0in; margin: 0pt 0.05pt 0pt 0.2pt">REPORT OF THE BOARD
OF DIRECTORS OF THE COMPANY ESTABLISHED ACCORDING TO ARTICLE 420-26 (5) OF THE LUXEMBOURG LAW DATED 10 AUGUST 1915 ON COMMERCIAL COMPANIES
AS AMENDED</p>

<p style="font-size: 10pt; margin: 0pt 0"><b>&#160;</b></p>

<p style="margin: 0pt 0; font-size: 10pt"><b></b></p>

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<p style="margin: 0pt; font-size: 10pt; text-align: justify">The board of directors of the Company (the &quot;<b>Board</b>&quot;)
presents, according to article 420-26 (5) of the Luxembourg law on commercial companies dated 10 August 1915, as amended (the &quot;<b>1915
Law</b>&quot;), a report concerning the proposal to authorise the Board to limit or suppress the shareholders preferential subscription
rights during capital increases within the authorised capital framework it is proposed to renew and restate, as scheduled at points 23
and 24 of the agenda of the Company&rsquo;s annual general meeting of shareholders convened to be held on 30 June 2026 at 1:00 p.m. (Luxembourg
time) (or in the case of adjournment or re-convening of the extraordinary general meeting in the absence of a quorum, the date of holding
of the adjourned or reconvened general meeting) (the &quot;<b>Meeting</b>&quot;).</p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify">&#160;</p>

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<td style="width: 26.25pt"></td><td style="width: 18pt">1.</td><td style="text-align: left; padding-right: 8.15pt">Agenda concerning the renewal and restatement of the authorised capital submitted
to shareholders' votes at the Meeting</td></tr></table>

<p style="font-size: 10pt; text-align: justify; margin: 0pt 8.25pt">&#160;</p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify">During the Meeting, it is proposed to the shareholders of the Company
to consider, in particular, the following agenda points related to the renewal and restatement of the authorised capital of the Company:</p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify">&#160;</p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0.15pt"><font style="letter-spacing: -0.1pt"><b><u>AGENDA</u></b></font></p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify"><font style="letter-spacing: -0.2pt"><i>&quot;[&hellip;]</i></font></p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify"><font style="letter-spacing: -0.2pt"><i>&#160;</i></font></p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify"><i>23)&#160; Decision to approve the report
issued by the Company's board of directors according to article 420-26 (5) of the Luxembourg law dated 10 August 1915 on commercial companies
as amended from time to time (the &quot;<b>1915 Law</b>&quot;), relating to the possibility for the board of directors of the Company
to cancel or limit any preferential subscription right of the shareholders of the Company upon the increases of capital in the framework
of the authorised share capital it is proposed to renew and restate, as mentioned in point 24 of the agenda.</i></p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify"><i>&#160;</i></p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify"><i>24)&#160; Subject to approval of point 23 of the agenda, decision to
renew and restate the existing authorised share capital of the Company and to set it to an amount of one hundred <font style="letter-spacing: -0.1pt">million
euros (EUR 100,000,000.-) for a period of five (5) years from the date of the General Meeting (or in case of adjourning or
reconvening the General Meeting because no quorum has been reached, the date of the adjourned or reconvened general meeting) and to
confirm, based on the report drawn up by the board of directors as referred to in article 420-26 (5) of the 1915 Law, for a new
period of five (5) years, all powers granted to the board of directors of the Company to carry out capital increases within the
framework of the authorised capital under the conditions and methods it will set with the possibility to cancel or limit any
preferential subscription right of the shareholders on the issue of new shares to be issued within the framework of the authorised
corporate capital, it being understood that all financial instruments carrying an entitlement to, or the right to subscribe for,
shares issued until the expiry of that period may still be converted or exercised subsequently to that date.</font></i></p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify"><i>&#160;</i></p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify"><i></i></p>

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<p style="margin: 0pt; font-size: 10pt; text-align: justify"><i>&#160;</i></p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify"><i>25)&#160; Subject to approval of the points
23 and 24 of the agenda, to amend and restate article 5.2 of the articles of association of the Company to reflect points 23 and 24 above.</i></p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify"><i>&#160;</i></p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify"><font style="letter-spacing: -0.2pt"><i>[&hellip;]</i>&quot;.</font></p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify"><font style="letter-spacing: -0.2pt">&#160;</font></p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify">The exact dates(s) referred to in article 5.2 of the articles
of association as amended above will be set according to the final date(s) of the effective holding of the Meeting which will resolve
on points 23 and 24 of the agenda of the Meeting.</p>

<p style="margin: 0pt 8.15pt 0pt 8.2pt; font-size: 10pt; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 26.2pt"></td><td style="width: 18pt">2.</td><td style="text-align: justify; padding-right: 8pt">Circumstances in which the Board proposes to limit or suppress the preferential subscription
rights of shareholders when making future capital increases in the framework of the authorised capital to be renewed and restated</td></tr></table>

<p style="font-size: 10pt; text-align: justify; margin: 0pt 7.95pt 0pt 8.2pt">&#160;</p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify">It is recalled that the goal of the legislator in establishing
a preferential right of subscription is to prevent a shareholder from seeing its share and control in a company being diminished or diluted
because of an increase in capital to which he could not subscribe.</p>

<p style="margin: 0pt 7.95pt 0pt 8.2pt; font-size: 10pt; text-align: justify">&#160;</p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify">As a measure to protect the financial interests of shareholders, the
limitation or suppression of the preferential right can only be envisaged in a framework justified by special circumstances and should
only be in the sole interest of the Company.</p>

<p style="margin: 0pt 8.2pt; font-size: 10pt; text-align: justify">&#160;</p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify">The present report has been issued by the Board in order to
present the particular circumstances justifying the limitation or elimination of this preferential right within the framework of capital
increases decided by the Board under the authorised share capital of the Company that it is proposed to renew for a period of five years
and restate to a maximum amount of one hundred million euros (EUR 100,000,000.-).</p>

<p style="margin: 0pt 8pt 0pt 8.2pt; font-size: 10pt; text-align: justify">&#160;</p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify">It is explained that the aim of such restatement is to reduce
the current amount of the authorised share capital so that it shall now be primarily reserved and used for satisfying the Company's obligations
under (i) the long term incentive plans set up by the Company for the employees and consultants of the group to which the Company pertains
(the &quot;<b>LTIPs</b>&quot;) and/or (ii) public or private warrants that have been issued by the Company (the &quot;<b>Warrants</b>&quot;).</p>

<p style="margin: 0pt 8.1pt 0pt 8.25pt; font-size: 10pt; text-align: justify">&#160;</p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify">The Board, acknowledging the absolute necessity of being immediately
able to adapt the strategy and organization of the Company, in particular its financial structure, in relation to changing economic
markets, gaming markets and stock markets in which it is involved, proposes to the Meeting to authorise the Board to limit or
suppress the preferential <font style="letter-spacing: -0.1pt">subscription rights of the shareholders in the event of future
capital increases within the limits of the authorised capital that it is proposed to renew and restate in the following
circumstances, any one of which being sufficient to justify the implementation of the measure:</font></p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify"><font style="letter-spacing: -0.1pt">&#160;</font></p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify"><font style="letter-spacing: -0.1pt"></font></p>

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<p style="margin: 0pt; font-size: 10pt; text-align: justify"><font style="letter-spacing: -0.1pt">&#160;</font></p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify"><font style="letter-spacing: -0.05pt">a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</font>The technique of authorised capital with limitation or suppression of the preferential subscription right for existing shareholders
will be used in the issuance and exercise of stock options, convertible bonds, warrants or other convertible securities into shares issued
by the Company, the conversion of debt to capital, and to allow share issues for the benefit of employees, management and directors of
the Company, notably under the LTIPs or the <font style="letter-spacing: -0.1pt">Warrants;</font></p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify"><font style="letter-spacing: -0.1pt">&#160;</font></p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify"><font style="letter-spacing: -0.1pt"></font><font style="letter-spacing: -0.25pt">or</font></p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify"><font style="letter-spacing: -0.05pt">&#160;</font></p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify"><font style="letter-spacing: -0.05pt">b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</font>The long, costly and relatively complex procedure for a listed public company with multiple shareholders to call a new extraordinary
general meeting which could decide on different types of capital increases (e.g. a capital increase with a preference right) instead of
what is proposed by points 23 and 24 of the agenda for the Meeting may be, under certain circumstances, incompatible with certain obligations
of the Company under the LTIPs or the Warrants, notably in terms of deliverance within a certain timeframe of new shares of the Company
to the beneficiaries of the LTIPs or Warrants' subscribers. The impossibility of calling a new general meeting in time under such circumstances
may be damaging to the Company. In such circumstances, the technique of authorised capital will also be used.</p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 26.2pt"></td><td style="width: 18pt">3.</td><td style="text-align: justify; padding-right: 8.1pt">Methods by which the Board proposes to limit or suppress the preferential subscription
right of shareholders while achieving future capital increases in the framework of the authorised capital that it is proposed to renew
and restate</td></tr></table>

<p style="font-size: 10pt; text-align: justify; margin: 0pt 8.1pt 0pt 8.2pt">&#160;</p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify">The Board recommends the Meeting to authorise it to limit or suppress the
shareholders' preferential subscription right while it is achieving future capital increases within the framework of the authorised capital
that it is proposed to renew and restate, in respect of all capital increases, including contributions in cash or in kind, among others,
the conversion of debt to capital, by credit compensation, by incorporating reserves, first issues or related benefits, with or without
the issue of new shares, or following the issue and the exercise of options, subordinated or non-subordinated bonds, convertible or refundable
or exchangeable for shares (determined at time of issue or following it), or following the issue of bonds with warrants or any other
share subscription right, or by the issue of warrants or any other instrument bearing a share subscription right.</p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify">&#160;</p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify">The share price at which
new shares will be issued will be determined based on the nominal value set in the Company&rsquo;s articles of association at time of
issue, but in any case shall not be lower than such nominal value.</p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify">&#160;</p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify">Besides the nominal value, new shareholders may have to
pay an issue premium, as applicable and decided by the Board, which will be calculated in terms of the accounting value of existing <font style="letter-spacing: -0.1pt">shares.</font></p>

<p style="margin: 0pt 8.1pt 0pt 8.25pt; font-size: 10pt; text-align: justify"><font style="letter-spacing: -0.1pt">&#160;</font></p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify">For and on behalf of the Board of the Company</p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify">&#160;</p>

<p style="margin: 0pt; font-size: 10pt; text-align: justify">On 11 June 2026</p>

<p style="font-size: 10pt; margin: 0pt 0">&#160;</p>

<p style="font-size: 10pt; margin: 0pt 0">By: /s/ Gonzaga Higuero</p>

<p style="margin: 0pt 0; font-size: 10pt">&#160;</p>

<p style="margin: 0pt 0; font-size: 10pt">Title: Director</p>

<p style="font-size: 10pt; margin: 0pt 0">&#160;</p>

<p style="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">- 3-</p>

<p style="margin: 0pt 0; font-size: 10pt"></p>

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