MCT ApS

The Group's main activity has consisted of transport and logistics activities and related

activities within the brand Intercargo Scandinavia.

Development in activities and finances2021 MCT ApS parent comments The Parent company was founded late 2020 only with the purpose to held the shares in Intercargo Scandinavia. The aqcuisition of the shares was made in early 2021 and a business combination with identification of a goodwill of 5 m.DKK was realized (refer to note 3 in the Parent Company).

Unfortunately the Company was founded with a lack of full payment of the share capital. The Mangement has on that background held a dialogue with Erhvervsstyrelsen which has come with the result, that the parent Company will apply for a liquidation during 2022. The Mangement don't expect that this liquidation will effect the Group in any way.…

We expect to benefit from our investments, which must be visible both at our top and bottom-line.

The Group will also investigate expansion possibilities in other markets.

The impact of the new Mobility Package´s rules and regulations in 2022 are yet to be revealed.

The unpredictability of Covid 19 developments obviously continues to generate uncertainty.

No events have occurred after the balance sheet date to this date, which would influence the evaluation of this annual report.

14 Contingent liabilities2020/21 DKKRecourse and non-recourse guarantee commitments11,000,000Contingent liabilities 11,000,000

15 Assets charged and collateralA mortgage of kDKK 4,000 has been provided as security for debt to bank loans.

The assets concerned have a carrying amount of kDKK 18,448 as of 31.12.2021 and kDKK 12,533 as of 31.12.2020. The bank loans amounts to kDKK 13,706 and kDKK 0 as of 31.12.2020.

Another bank loan amounts to kDKK 14,500 as of 31.12.2021 has an underlying security in the shares in Intercargo Scandinavia A/S.