Altia Denmark A/S

Principal activities of the Company The principal activities of Altia Denmark A/S are to drive marketing and sales of wines and spirits products in Denmark domestic, German-Denmark border-trade and travel-retail territories, as well as the online sales platform Nordicspirits.com, handling online sales of Altia own key brands directly to consumers outside the Nordic territory. Development in activities and financial matters The Company's Income Statement of the financial year 1 January 2022 - 31 December 2022 shows a result of TDKK -1.198 and the Balance Sheet at 31 December 2022 a balance sheet total of TDKK 75.312 and an equity of TDKK 73.806. Management considers this year's result to be in line with expectations. Post financial year events No events have occurred after the balance sheet date to this date which would influence the evaluation of the annual report. Expectations for the future Anora has decided to form a new strong unit for spirit brands, Anora Denmark A/S. The unit will comprise of Det Danske Spiritus Kompagni A/S (DDSK) and the former Altia spirits portfolio in Denmark. Altia Denmark A/S will going forward handle only the business relating to Nordicsspirits.com. There will be a larger product portfolio in the web shop Nordicsspirits.com and the sales are expected to increase for this business. In addition to the web shop sales Altia Denmark A/S will also get revenue for intercompany sales of support services and revenue from intracompany royalties. Intellectual capital The Company's primary activities comprise marketing and sale of wine and spirits. These activities are subject to several strict control procedures and requirements under the International IFS standard and the Danish food legislation. Particular risks Results, cash flows and equity are affected by the development of the exchange rates of various currencies due to the Company's activities in connection with purchase and sale abroad. It is Group policy to hedge currency risks to a certain extent by entering forward exchange contracts. The Company does not engage in speculative currency positions. Financial risks The Company is only exposed to changes in the interest rate level to a limited extent due to its solidity and financial resources. However, the Company is exposed to currency risks insofar as the ongoing operations are concerned. Credit risks The Company's credit risks are primarily related to financial assets recognised in the balance sheet. There are no significant risks associated with an individual customer or partner.

Development in activities and financial matters The Company's Income Statement of the financial year 1 January 2022 - 31 December 2022 shows a result of TDKK -1.198 and the Balance Sheet at 31 December 2022 a balance sheet total of TDKK 75.312 and an equity of TDKK 73.806. Management considers this year's result to be in line with expectations.