ERCI acquires Shares in Titan

Reference is made to the joint announcement of 23 December 2024 by the Offeror and Titan regarding the intended Offer. Pursuant to the provisions of Section 5, paragraphs 4 and 5 of the Decree, ERCI announces that it conducted transactions in Shares of Titan, the details of which are stated below.

The highest price per Share paid in a transaction conducted today was EUR 2.32 per Share. Based on the transactions set out above, ERCI acquired today a total of 38.015 Shares representing 1,85% of the Shares. These Shares, together with the Shares already owned by ERCI and irrevocably committed to ERCI, equals 167.741 + 1,296,178 Shares, representing 71,41% of the Shares.