Duell Corporation: Notification of Holdings according to Chapter 9, Section 10 of the Finnish Securities Markets Act (Universal-Investment-Gesellschaft mit beschränkter Haftung)

Duell Corporation (“Duell“ or the “Company”) has on March 26, 2025, received a notification in accordance with the Chapter 9, Section 5 of the Finnish Securities Markets Act, according to which Universal-Investment-Gesellschaft mit beschränkter Haftung’s holding of the shares and votes in the Company has fallen below the 5 percent threshold.

Total positions of Universal-Investment-Gesellschaft mit beschränkter Haftung in the Company according to the notification:

	% of shares and voting rights	% of shares and voting rights through financial instruments	Total of both in %	Total number of shares and voting rights of issuer
Resulting situation on the date on which threshold was crossed or reached	4.75	0.00	4.75	5,194,374
Position of previous notification (if applicable)	6.59	0.00	6.59	1,038,526,116 (number of shares prior reverse split on November 11, 2024)

Notified details of the resulting situation on the date on which the threshold was crossed or reached:

A: Shares and voting rights

	Number of shares and voting rights		% of shares and voting rights
Class/type of shares	Direct (SMA 9:5)	Indirect (SMA 9:6 and 9:7)	Direct (SMA 9:5)	Indirect (SMA 9:6 and 9:7)
FI4000582143		246,808		4.75
SUBTOTAL A	246,808		4.75

Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held:

Name	% of share and voting rights	% of shares and voting rights through financial instruments	Total of both
Universal-Investment- Gesellschaft mit beschränkter Haftung
Universal-Investment-Luxembourg S.A.	4.75	0.00	4.75

For additional information, please contact: 

Pellervo Hämäläinen, Communications and IR Manager
Duell Corporation
+358 40 674 5257
pellervo.hamalainen@duell.eu

Certified Advisor:

Oaklins Finland Ltd
+358 9 312 9670

Duell Corporation (Duell) is an import and wholesale company based in Mustasaari, Finland, established in 1983. Duell imports, manufactures, and sells products through an extensive distribution network in Europe covering approximately 8,500 dealers. The range of products includes over 130,000 items under more than 500 brands. The assortment covers spare parts and accessories for Motorcycling, Bicycling, ATVs/UTVs, Snowmobiling, Marine and Garden/Forest categories. Logistics centres are in Finland, Sweden, Netherlands, France, and the UK. Duell’s net sales in 2024 was EUR 125 million and it employs over 200 people. Duell’s shares are listed on the Nasdaq First North Growth Market Finland marketplace. www.duell.eu.