Relief Therapeutics Holding AG (RLFTF)

[The Whale]

Pursuant to the SSF agreement GEM committed to provide up to CHF 45 million to Relief in exchange of shares over the period from November 25, 2015, to December 31, 2020, at the discretion of Relief. So far CHF 32'418'729 has been drawn down, leaving a remaining balance available of CHF 12'581'271. Relief's sale position is calculated based on the closing price of its ordinary share on the SIX Swiss Exchange Ltd on August 27, 2020 (CHF 0.508), and on the current SSF available balance, resulting in a maximum of 28'070'663 shares. However, future issue prices of shares under the SSF will be fixed at the moment of issue. So the actual number of shares to be issued under the SSF cannot be exactly established at present.