Quest Software ApS

The Company's principal activities During the year, the Company's principal activity has consisted of selling software-solutions on a business to business market.

Development in activities and financial matters The Company's Income Statement of the financial year 1 February 2019 - 31 January 2020 shows a result of DKK -40.088 and the Balance Sheet at 31 January 2020 a balance sheet total of DKK 1.959.912 and an equity of DKK 1.959.912.

The company is expected to close within the next few years.

Material changes in the Company's operations and financial matters The activity is significantly reduced this year, as the company is expected to close within the next few years.

The contributed capital is expected to be reduced to DKK 200.000 in the next year.

It should noted that the resolution to reduce the share capital to DKK 200.000 referred to above has in fact been passed at an extraordinary general meeting dated 30 January 2020 and that the capital reduction will be executed after the expiry of the four weeks' waiting period in the next financial year assuming that no claims have been declared.

No contingent liabilities exist at the balance sheet date.