OBH HOLDING ApS

The activities of the Company consist of investments in securities and direct and indirect equity interests in other companies. ​​While the Company`s investments in the financial markets generated strong returns in 2024, markets condition changed in 2025 with some sectors experiencing weak or negative performance resulting in a negative outcome of the Company`s investments in securities. In addition to this, the Company also recognized losses upon the full​repayment of loans provided in connection with a group enterprise`s investments in cruise vessels. As a consequence of these events, the Company recorded an accounting loss of DKK 29 m for the year. ​A number of portfolio reallocations were implemented at the turn of the year. These changes have, to date, contributed positively to the performance of the Company`s investments, and a positive return is expected for the current financial year.