Month: September 2026

Suominen Corporation’s stock exchange release, September 16, 2026 at 17:00 (EEST) 

Changes to Suominen Corporation’s share-based incentive plans for management and key employees and to the President & CEO’s share-based signing bonus and annual share reward

The Board of Directors of Suominen Corporation (hereinafter the “Company” or “Suominen”) has resolved on changes to the Company’s existing share-based incentive plans, the CEO’s signing bonus to be paid during the third quarter of 2026 and the CEO’s share-based annual share reward (together, the “Incentive Plans”).

The changes are related to the rights issue carried out by the Company earlier in the summer (the “Rights Issue”), the final result of which was announced by the Company by a stock exchange release on July 2, 2026. As a result of the Rights Issue, the total number of shares in the Company increased by 77,121,272 from 58,259,219 to 135,380,491.

As the Rights Issue increased the total number of shares in the Company and mechanically changed the share price, an adjustment factor is applied to ensure that the same value (in EUR terms) remains tied to the Incentive Plans as before the Rights Issue. The adjustment is carried out by dividing the current maximum number of shares to be granted under the Incentive Plans by the adjustment factor of 0.62, or inversely by multiplying the current maximum number of shares to be granted under the Incentive Plans by 1.621 (the “Share Multiplier”) and then rounding the result downwards to the nearest thousand. The adjustment factor (0.62) is derived by dividing the theoretical ex-rights price (TERP) of the Rights Issue (EUR 0.66) by the cum rights price of the Rights Issue (EUR 1.07) and represents the proportion of value retained by the Company’s shares after accounting for the dilution resulting from the Rights Issue.

The Incentive Plans are described in more detail in the financial statements and in the remuneration report, available on the Company’s website at www.suominen.fi.

Share-based incentive plans for management and key employees

The Company has in place a long-term share-based incentive plan for management and key employees for the financial years 2024–2028 (the “PSP”), the establishment of which and the performance criteria for 2024–2026 were announced by the Company by a stock exchange release on February 6, 2024. The Company announced the performance criteria for the PSP for the performance period 2025–2027 by a stock exchange release on January 27, 2025, and for the performance period 2026–2028 by a stock exchange release on January 29, 2026. The purpose of the PSP is to align the objectives of the Company’s shareholders and key employees in order to increase the value of the Company in the long term, to commit key employees to implementing the Company’s strategy, objectives and long-term interests, and to reward them for excellent performance.

In addition, Suominen has a restricted share unit plan for selected key employees of the Suominen group, the establishment of which was announced by the Company by a stock exchange release on December 19, 2025 (the “RSUP”). The RSUP is intended for use in situations deemed necessary by the Board of Directors, such as retaining key employees, attracting new key employees, or in other specific situations determined by the Board of Directors.

The Board of Directors of Suominen has resolved on changes to the Company’s PSP and RSUP, such that the number of reward shares payable under both plans is adjusted by applying the Share Multiplier to ensure that the same value (in EUR terms) remains tied to the PSP and RSUP as before the Rights Issue. At the same time, the Board of Directors has resolved on changes to the Total Shareholder Return performance criteria of the PSP. No other changes have been made to the terms of the RSUP.

Changes to the PSP

The Board of Directors of the Company has resolved to make the following changes to the maximum number of shares under the ongoing performance periods of the PSP, as set out in the table below:

Performance Period	2024–2026	2025–2027	2026–2028
Performance criteria	Absolute Total Shareholder Return (40%), Relative Total Shareholder Return (40%) and operative performance and sustainability target (20%)	Absolute Total Shareholder Return (40%), Relative Total Shareholder Return (40%) and operative performance and sustainability target (20%)	Absolute Total Shareholder Return (40%), Earnings Before Interests and Taxes (EBIT) (40%) and operative performance and sustainability target (20%)
Potential reward payment	To be paid partly in Suominen shares and partly in cash in spring 2027	To be paid partly in Suominen shares and partly in cash in spring 2028	To be paid partly in Suominen shares and partly in cash in spring 2029
Number of participants at the date of this release	14 individuals	16 individuals	24 individuals
Before the changes resolved by the Board of Directors Maximum number of reward shares allocated Total maximum number of shares	568,135 1,090,349	853,848 1,375,431	1,382,600 1,500,000
After the changes resolved by the Board of Directors Maximum number of reward shares allocated Total maximum number of shares	920,000 1,767,000	1,384,000 2,229,000	2,241,000 2,431,000

Suominen’s President & CEO must hold 50% of the net number of shares received under the plan until his total shareholding corresponds to the value of his annual gross salary. A member of the Leadership Team must hold 50% of the net number of shares received under the plan until his or her total shareholding corresponds to the value of half of his or her annual gross salary. These shares must be held for as long as the participant’s employment or service relationship in a group company of Suominen continues.

Change to the RSUP

As previously announced, the Board of Directors of the Company may allocate rewards under the RSUP during financial years 2026–2028. Previously, the total maximum amount of rewards payable under the plan corresponded to a maximum of 200,000 Suominen shares, including also the cash-settled portion. To ensure that the same value (in EUR terms) remains tied to the RSUP as before the Rights Issue, the Board of Directors resolved to adjust this maximum amount of rewards payable under the RSUP by applying the Share Multiplier and rounding the result downwards to the nearest thousand. As a result, the total maximum amount of rewards payable under the plan increased to 324,000 Suominen shares, including also the cash-settled portion.

The target group of the plan consists of key employees selected by the Board of Directors, including members of the Leadership Team and the President & CEO. Rewards are paid by the end of May 2029, but in any event no earlier than twelve (12) months after the determination of the reward opportunity. The reward is conditional on a valid employment or executive contract and the continuation of the employment or service relationship.

The reward is paid partly in Suominen shares and partly in cash. The cash portion of the reward is intended to cover taxes and statutory social security contributions arising to the key employee from the reward. As a rule, if a key employee’s employment or executive contract terminates before the reward is paid, the reward will not be paid. The Board of Directors may impose a shareholding requirement on the shares paid as reward.

President and CEO Charles Héaulmé’s share-based incentive arrangements

As previously announced in the financial statements release on January 29, 2026, and the interim reports published on May 7, 2026, and on August 7, 2026, President and CEO Charles Héaulmé is entitled to a share-based signing bonus, an annual share reward and participation in the Company’s ongoing PSP.

The Board of Directors of the Company has resolved on changes to the President and CEO’s share-based signing bonus and annual share reward arrangements. To ensure that the same value (in EUR terms) remains tied to the signing bonus and annual share reward arrangements as before the Rights Issue, the Board of Directors has resolved to adjust the number of shares under the signing bonus and annual share reward. The change to the PSP described above also applies to the CEO to the extent he participates in the PSP.

Change to the signing bonus

As previously announced, President and CEO Charles Héaulmé is entitled to a signing bonus consisting of 200,000 shares in the Company. The Board of Directors of Suominen resolved to adjust the number of shares under the signing bonus by applying the Share Multiplier and rounding the result downwards to the nearest thousand. As a result, the signing bonus increased to 324,000 Suominen shares.

The Board of Directors of the Company has resolved that the signing bonus shall be paid in Company shares held by the Company on September 30, 2026, provided that the chief executive officer contract is in force at that time. Any applicable taxes are the responsibility of the recipient.

Change to the Annual Shares Contribution Plan

As previously announced, pursuant to the 2026 Annual Shares Contribution Plan, the President & CEO is expected to acquire up to 100,000 shares in the Company at the market price formed in public trading on Nasdaq Helsinki. Previously, Suominen had committed to matching the CEO’s investment by way of the CEO receiving, without consideration:

• 100,000 shares at minimum EUR 20 million comparable EBITDA
• 300,000 shares at target EUR 25 million comparable EBITDA
• 500,000 shares at maximum EUR 30 million comparable EBITDA.

The Board of Directors of Suominen resolved that, pursuant to the 2026 Annual Shares Contribution Plan, the President & CEO is expected to acquire up to 162,000 shares in order to ensure that the same value (in EUR terms) remains tied to the Annual Shares Contribution Plan as before the Rights Issue. Correspondingly, the number of shares to be delivered to the CEO without consideration by the Company changes as follows:

• 162,000 shares at minimum EUR 20 million comparable EBITDA
• 486,000 shares at target EUR 25 million comparable EBITDA
• 810,000 shares at maximum EUR 30 million comparable EBITDA.

Share entitlement between the thresholds (min, target, max) will be determined linearly. The Company will transfer the shares during the first quarter of 2027 pursuant to a resolution by the Board of Directors.

In addition, the Board of Directors of the Company resolved to increase the maximum number of reward shares under the 2027 Annual Shares Contribution Plan from 500,000 shares in the Company to a maximum of 810,000 shares in the Company. As of the Annual Shares Contribution Plan 2027, the first half of the plan shall be unconditional and the second half based on performance targets set by the Board of Directors, provided that the President & CEO’s service in the Company is in force at the time of the reward payments. The other terms and conditions of the 2026 and 2027 share reward arrangements shall otherwise remain unchanged as previously announced by Suominen.

Following the changes, the key details of the President and CEO’s incentive arrangements are as follows:

Performance Period	2025–2026; signing bonus	Annual Shares Contribution 2026	Annual Shares Contribution 2027 and onwards
Incentive based on	Service requirement	Shareholding requirement, comparable EBITDA	Shareholding requirement, performance targets set by the Board of Directors
Potential reward payment	To be paid in Suominen shares in September 2026	To be paid in Suominen shares in spring 2027	To be paid in Suominen shares in spring 2028 (and annually going forward)
Participants	President and CEO	President and CEO	President and CEO
Maximum number of reward shares before the changes resolved by the Board of Directors	200,000	500,000	500,000
Maximum number of reward shares after the changes resolved by the Board of Directors	324,000	810,000	810,000

SUOMINEN CORPORATION
Board of Directors

For further information:

Charles Héaulmé, President and CEO, tel. +358 10 214 3268

Distribution:

Nasdaq Helsinki
Key media
www.suominen.fi

About Suominen Corporation

Suominen manufactures nonwovens as roll goods for wipes and other applications. Our vision is to be the frontrunner for nonwovens innovation and sustainability. The end products made of Suominen’s nonwovens are present in people’s daily life worldwide. Suominen’s net sales in 2025 were EUR 412.4 million and we have almost 700 professionals working in Europe and in the Americas. Suominen’s shares are listed on Nasdaq Helsinki. Read more at www.suominen.fi.

Two Texas-Focused Funds Are TXSE’s First Primary Listings

DALLAS, Sept. 16, 2026 (GLOBE NEWSWIRE) — Texas Capital Bank Private Wealth Advisors, a subsidiary of Texas Capital Bank, and the Texas Capital Funds Trust today announced that the Texas Capital Texas Equity Index ETF (TXS) and Texas Capital Texas Oil Index ETF (OILT) are now trading on the Texas Stock Exchange (TXSE), becoming the exchange’s first primary listings and first ETFs.

The primary listings of TXS and OILT transferred from NYSE Arca to TXSE effective at market open today. The funds will retain their existing investment objectives and ticker symbols, and the transfer does not require any action by existing shareholders. Investors can continue to buy or sell shares in either ETF through their existing brokerage relationships.

“The first day of trading for TXS and OILT on the Texas Stock Exchange is a defining moment for Texas and a milestone in our state’s continued progress as a global center for capital markets and corporate finance,” said Daniel Hoverman, Head of Corporate & Investment Banking at Texas Capital. “Texas Capital was built to serve the Texas economy, and we believe Texas should have exceptional financial infrastructure that accelerates the extraordinary growth and innovation taking place here. We are proud that TXS and OILT are the first primary listings on the TXSE and honored that Texas Capital can play a role in this historic moment.”

TXS provides investors exposure to a diversified portfolio of publicly traded companies headquartered in Texas, while OILT provides targeted exposure to companies participating in oil and gas production in Texas. Together, the funds offer investors two distinct ways to participate in the economic strength and growth of Texas.

Texas Capital and TXSE will commemorate the milestone with a closing bell ceremony today in Dallas featuring remarks from Secretary of State Robert S. Howden, TXSE Chairman & CEO James H. Lee and Texas Capital Chairman, President & CEO Rob C. Holmes. The ceremony will be livestreamed beginning approximately at 2:50 p.m. CT and can be viewed online here.

ABOUT TEXAS CAPITAL
Texas Capital Bancshares, Inc. (NASDAQ®: TCBI), a member of the Russell 2000® Index and the S&P MidCap 400®, is the parent company of Texas Capital Bank (“TCB”). Texas Capital is the collective brand name for TCB and its separate, non-bank affiliates and wholly owned subsidiaries. Texas Capital is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs and individual customers. Founded in 1998, the institution is headquartered in Dallas with offices in Austin, Fort Worth, Houston, San Antonio, Chicago, Los Angeles and New York City, and has a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital has established commercial banking, consumer banking, corporate and investment banking and wealth management capabilities. All services are subject to applicable laws, regulations and service terms. Deposit and lending products and services are offered by TCB. For deposit products, member FDIC. For more information, please visit texascapital.com.

Trading in securities and financial instruments, strategic advisory, and other investment banking activities are performed by TCBI Securities, Inc., doing business as Texas Capital Securities. TCBI Securities, Inc. is a member of FINRA and SIPC and has registered with the SEC, MSRB, and other state securities regulators as a broker dealer. TCBI Securities, Inc. is a subsidiary of Texas Capital Bancshares, Inc., and an affiliate of Texas Capital Bank. All investing involves risks, including the loss of principal. Past performance does not guarantee future results. Securities and other investment products offered by TCBI Securities, Inc. are not FDIC insured, may lose value and are not bank guaranteed.

Definitions
Russell 2000 Index is a market capitalization–weighted index designed to measure the performance of the small-cap segment of the US equity market. It includes approximately 2,000 of the smallest securities in the Russell 3000 Index.

The S&P MidCap 400® provides investors with a benchmark for mid-sized companies. The index, which is distinct from the large-cap S&P 500®, is designed to measure the performance of 400 mid-sized companies, reflecting the distinctive risk and return characteristics of this market segment.

Disclosures
Texas Capital Bank Wealth Management Services, Inc. d/b/a Texas Capital Bank Private Wealth Advisors (“PWA”), a wholly owned subsidiary of Texas Capital Bank serves as investment adviser to Texas Capital Funds Trust (a Delaware statutory trust formed in 2023 and registered as an open-end management investment company under the Investment Company Act of 1940) for its funds (the “Funds”) and is paid a fee for its services. Shares of the Funds are not deposits or obligations of, or guaranteed or endorsed by, Texas Capital Bank or its affiliates. The Funds are not insured by the FDIC or any other government agency. The Funds are distributed by Northern Lights Distributors, LLC, member FINRA/SIPC, which is not affiliated with Texas Capital Bank Private Wealth Advisors.

Investors should carefully consider the investment objectives, risks, and charges of the funds before investing. The prospectus contains this information and other information about the funds, and it should be read carefully before investing. Investors can obtain a copy of the prospectus by calling 844.TCB.ETFS (844.822.3837).

Investment and Market Risk. As with all investments, an investment in the Fund is subject to investment risk. Investors in the Fund could lose money, including the possible loss of the entire principal amount of an investment, over short or prolonged periods of time. Unlike mutual funds, shares of ETFs are not individually redeemable directly with the ETF. Shares of ETFs are bought and sold at market price, which may be higher or lower than the net asset value (NAV).

Texas Risk. Texas’ economy relies to a significant extent on certain key industries, such as the oil and gas industry (including drilling, production and refining), chemicals production, technology and telecommunications equipment manufacturing and international trade. Each of these industries has from time to time suffered from economic downturns, and adverse conditions in one or more of these industries could impair the ability of issuers of Texas municipal securities to pay principal or interest on their obligations.

Index Tracking Risk. There is no guarantee that the Fund will achieve a high degree of correlation to the Index and therefore achieve its investment objective. The Fund may have difficulty achieving its investment objective due to fees, expenses (including rebalancing expenses) and other transaction costs related to the normal operation of the Fund. These costs that may be incurred by the Fund are not incurred by the Index, which may make it more difficult for the Fund to track the Index.

Geographic Concentration Risk. Because the Fund and the Index will invest only in issuers headquartered in a particular geographic region, the Fund’s performance is expected to be closely tied to various factors such as social, financial, economic, and political conditions within that region. Events that negatively affect that region may cause the value of the Fund’s shares to decrease in some cases significantly. As a result, the Fund may be more volatile than more geographically diverse funds.

Energy Sector Risk. Companies operating in the energy sector are subject to risks including, but not limited to, economic growth, worldwide demand, political instability in the regions that the companies operate, government regulation stipulating rates charged by utilities, interest rate sensitivity, oil price volatility, energy conservation, environmental policies, depletion of resources and the cost of providing the specific utility services and other factors that they cannot control.

Oil and Gas Companies Risk. Oil and gas companies develop and produce crude oil and natural gas and provide drilling and other energy resources production and distribution related services. Stock prices for these types of companies are affected by supply and demand both for their specific product or service and for energy products in general. The price of oil and gas, exploration and production spending, government regulation, world events and economic conditions will likewise affect the performance of these companies. Correspondingly, securities of oil and gas companies are subject to swift price and supply fluctuations caused by events relating to international politics, energy conservation, the success of exploration projects and tax and other governmental regulatory policies. Weak demand for the companies’ products or services or for energy products and services in general, as well as negative developments in these and other areas, would adversely impact the performance of the Fund. Oil and gas exploration and production can be significantly affected by natural disasters as well as changes in exchange rates, interest rates, government regulation, world events and economic conditions. These companies also may be at risk for environmental damage claims.

Passive Investment Risk. The Fund is not actively managed, and the Adviser will not sell a security due to current or projected under performance of a security, industry, or sector, unless that security is removed from the Index by the Index Provider, who is unaffiliated with the Adviser. The Fund invests in securities included in the Index regardless of the Adviser’s independent analysis of the investment decision.

Shares are not individually redeemable and are issued and redeemed at their net asset value only in large, specified blocks of shares called creation units. Shares otherwise can be bought and sold only through exchange trading at market price (not NAV). Shares may trade at a premium or discount to their net asset value in the secondary market. Brokerage commissions will reduce returns.

INVESTMENT PRODUCTS: NOT A DEPOSIT | NOT FDIC-INSURED | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY | NOT GUARANTEED BY THE BANK | MAY GO DOWN IN VALUE.

CONTACT: MEDIA CONTACT
Julia Monter
julia.monter@texascapital.com

INVESTOR CONTACT
Jocelyn Kukulka
jocelyn.kukulka@texascapital.com

Nasdaq Copenhagen
London Stock Exchange
Euronext Dublin
Danish Financial Supervisory Authority
Other Stakeholders

Duty of disclosure: Transactions in shares in Ringkjøbing Landbobank A/S

Ringkjøbing Landbobank A/S hereby reports on transactions in Ringkjøbing Landbobank A/S shares carried out by persons who have a duty of disclosure, in compliance with Article 19 of the Market Abuse Regulation.

For further details, please be referred to the attached templates for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

Kind regards,

John Fisker        
CEO

Enc.:
Transaction templates

Attachment

• 2026-09-16 Skema engelsk – Jørn Nielsen

Broad Arrow announces an eminently usable, U.S.-delivery, Classiche-certified 2003 Ferrari Enzo to headline its 2026 Las Vegas Auction on October 31 | Broad Arrow’s second annual Las Vegas Auction returns to Wynn Las Vegas in partnership with the fifth annual Concours at Wynn Las Vegas | Las Vegas Auction to feature approximately 70 exceptional collector cars spanning a variety of genres, marques, and price points, including a 1955 Mercedes-Benz 300 SL Gullwing Coupe | Additional information on early highlights and consignment opportunities available at broadarrowauctions.com

Grosse Pointe, Michigan, Sept. 16, 2026 (GLOBE NEWSWIRE) — Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), has announced a 2003 Ferrari Enzo as an early featured car set to headline its 2026 Las Vegas Auction. Set for October 31 at Wynn Las Vegas, the single-day auction, with a preview day on October 30, returns for the second year as the official auction partner of the renowned Concours at Wynn Las Vegas. 

The successful inaugural 2025 sale saw tremendous results, with over $13.7 million in total sales and 82 percent of all lots sold, topped by a highly original, low-mileage, and freshly serviced 2010 Bugatti Veyron EB 16.4 Coupe at $2,205,000, a new world record for the Veyron model at the time of the sale. This fall, Broad Arrow will present another fantastic lineup of approximately 70 exceptional collector cars in a setting combining the prestige of the Concours at Wynn Las Vegas with the iconic backdrop of the Las Vegas Strip.

Early featured highlights are led by a 2003 Ferrari Enzo (Estimate: $6,500,000 – $8,500,000), perhaps one of the most in-demand cars in today’s market. Publicly unveiled in September 2002 at the Paris Motor Show, the Enzo represents the singular, road-going expression of the engineering that had made Ferrari unbeatable in Formula 1 during the Schumacher era at the turn of the millennium.

“For me, the Enzo represents the start of the modern arms race among the industry’s top brands for performance, design, and price,” says Barney Ruprecht, Vice President of Auctions for Broad Arrow. “Nothing looked like it when it was unveiled, and that still holds true. Behind the wheel, the Enzo offers a comfortable yet incredibly engaging driving experience that appeals to today’s most active collectors. We’re thrilled to offer such an important and desirable car at our second annual Las Vegas Auction.”

The Enzo on offer at Broad Arrow’s Las Vegas Auction, chassis number 131631, has been enjoyed exactly as Enzo Ferrari would have intended. Delivered new via Ferrari of Long Island in Rosso Corsa over Pelle Rossa, the car found its second home in Texas that same year. It was during this ownership that a routine service uncovered a valvetrain issue known to affect a number of early Enzos. Upon discovery, Ferrari replaced the engine under warranty and fitted a complete replacement, engine number 73365, as documented in the car’s Ferrari Classiche Red Book.

The car passed through several hands in the United States and Europe through 2010. Some moderate damage incurred under Nevada ownership was repaired by Ferrari of Las Vegas in 2006 and the car was subsequently refinished in Nero. A later owner chose to return the car to its original Rosso Corsa, commissioning the factory-authorized Carrozzeria Zanasi in Maranello to complete the work. At that time, the interior was also retrimmed in Pelle Nera, a subtle yet appealing change that adds a more purposeful contrast to the design.

The current owner acquired the Enzo in 2024 and most recently, in March 2026 at 17,159 miles, the car was serviced by Ferrari Dallas at a cost exceeding $10,000. It received the annual fluid and filter service, a multi-point inspection, four new tires, a four-wheel alignment, a new battery, a replacement passenger-side dashboard air vent and cosmetic refinishing beneath the front bumper—addressing the light scraping common to cars of such minimal ground clearance. 

“With Enzo values climbing in recent months, a great many of the 400 built have now been parked. This car is tremendously exciting; a rarely seen well-exercised, well-sorted, and well-maintained car,” adds Clarence Habovstak, Car Specialist, Broad Arrow. “This Enzo begs of its next owner to do one thing—just keep driving.”

Ferrari Classiche certified, comprehensively documented, and freshly serviced, chassis 131631 has covered less than 18,000 miles and is among the few Enzos genuinely prepared to be used the way its namesake intended. It is ready to be entered in the Cavalcade Classiche, run on any of the marque’s touring rallies, or simply driven home from the sale.

Information on all early highlight cars set for Broad Arrow’s Las Vegas Auction, along with details on how to consign an important collector car to the sale, is available at broadarrowauctions.com. Interested bidders are invited to contact a Broad Arrow Car Specialist via info@broadarrowauctions.com or by calling +1-313-312-0780.

Members of the media with any questions are invited to reach out to the Broad Arrow Press Team at press@broadarrowauctions.com.

Editor’s Notes 

Photo Credit: All images by Courtney Cutchen/Courtesy of Broad Arrow Auctions.

About Broad Arrow Auctions

Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), is a leading global collector car auction house founded in 2021 by industry veterans. As the fastest-growing auction house in its segment, Broad Arrow connects exceptional collector cars with enthusiasts worldwide through flagship events including The Broad Arrow Quail Auction (the official auction of The Quail by The Peninsula, A Motorsports Gathering), The Amelia Auction (the official auction of The Amelia Concours), The Porsche Auction in collaboration with Air | Water by Luftgekühlt, the Las Vegas Auction in partnership with Concours at Wynn Las Vegas, as well as international auctions held in partnership with Concorso d’Eleganza Villa d’Este, Zoute Grand Prix, and Auto Zürich.

Learn more at broadarrowauctions.com and follow us on Instagram, Facebook, LinkedIn, and Twitter.

About Hagerty, Inc. (NYSE: HGTY) 

Hagerty is a company built by drivers for drivers, protecting 2.8 million vehicles in the United States, Canada and the UK. We make it easier and more enjoyable for enthusiasts to drive and celebrate the machines they love through innovative insurance products, live and digital auctions, engaging media and events, as well as the Hagerty Drivers Club, the world’s largest community of car lovers. For more information, please visit www.hagerty.com or www.newsroom.hagerty.com.

The Hagerty Automotive Intelligence team uses their collector car expertise to analyze Hagerty’s massive trove of public auction results, private sales and insurance data, and buyer and seller behavior. Learn more about how we collect our data at hagerty.com/valuation-tools.

Forward-Looking Statements - This press release contains statements that constitute “forward-looking statements” within the meaning of the federal securities laws. All statements provided, other than statements of historical fact, are forward-looking statements, including those regarding Hagerty’s future operating results and financial position, Hagerty’s business strategy and plans, products, services, and technology implementations, market conditions, growth and trends, expansion plans and opportunities, and Hagerty’s objectives for future operations. The words “anticipate,” “believe,” “envision,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue,” “ongoing,” “contemplate,” and similar expressions, and the negative of these expressions, are intended to identify forward-looking statements.

Hagerty has based these forward-looking statements largely on current expectations about future events, which may not materialize. Actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. These factors include, among other things, Hagerty’s ability to: (i) compete effectively within our industry and attract and retain our insurance policyholders and paid Hagerty Drivers Club (“HDC”) subscribers; (ii) maintain key strategic relationships with our insurance distribution and underwriting carrier partners; (iii) prevent, monitor, and detect fraudulent activity; (iv) manage risks associated with disruptions, interruptions, outages or other issues with our technology platforms or our use of third-party services; (v) accelerate the adoption of our membership and marketplace products and services, as well as any new insurance programs and products we offer; (vi) manage the cyclical nature of the insurance business, including through any periods of recession, economic downturn or inflation; (vii) address unexpected increases in the frequency or severity of claims, and (viii) comply with the numerous laws and regulations applicable to our business, including state, federal and foreign laws relating to insurance and rate increases, privacy, the internet, and accounting matters.

The forward-looking statements herein represent the judgment of Hagerty as of the date of this release and Hagerty disclaims any intent or obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. This press release should be read in conjunction with the information included in Hagerty’s other press releases, reports and other filings with the Securities and Exchange Commission. Understanding the information contained in these filings is important in order to fully understand Hagerty’s reported financial results and its business outlook for future periods.

Attachments

• The eminently usable 2003 Ferrari Enzo set to headline Broad Arrow’s second annual Las Vegas Auction on October 31
• The true driver’s Enzo set to headline Broad Arrow’s 2026 Las Vegas Auction on October 31 at the Wynn Las Vegas

CONTACT: Ian Kelleher
Broad Arrow Auctions
+1 917-971-4008
ikelleher@hagerty.com

Meghan McGrail
Broad Arrow Auctions
+1 519-365-8750
mmcgrail@hagerty.com