DUELL CORPORATION – MANAGERS’ TRANSACTIONS – Vest

Person subject to the notification requirement

Name: Joakim Vest

Position: Logistics Manager

Issuer: Duell Corporation

LEI: 743700MVGCRZQ2CR8244

Notification type: INITIAL NOTIFICATION

Reference number: 743700MVGCRZQ2CR8244_20211123102152_4

Transaction date: 2021-11-24

Venue not applicable

Instrument type: SHARE

ISIN: FI4000513072

Nature of the transaction: SUBSCRIPTION

Transaction details

(1): Volume: 5000 Unit price 4.65 EUR

Aggregated transactions

(1) Volume: 5000 Volume weighted average price:4.65 EUR

Contact

Riitta Niemelä, CFO, Duell Corporation

Tel. +358 50 575 8295

riitta.niemela@duell.eu

Duell in brief

Duell is a leading powersports aftermarket distributor in the Nordics with a rapidly growing presence in the rest of Europe. Duell’s offering covers motorcycle, all-terrain vehicle (“ATV”), snowmobile, bicycle and marine products, including technical and spare parts and personal equipment (for example clothing and accessories), to dealers across several markets in Europe. Duell offers a broad assortment of products across all of its sales channels for four seasons through its six product categories comprising Onroad motorcycle (“Onroad MC”) products, Offroad motorcycle (“Offroad MC”) products, ATV products, Snowmobile products, Bicycle products and Marine products. Onroad MC and Offroad MC are Duell’s largest product categories, which in aggregate accounted for the majority of Duell’s net sales for the financial year ended August 31, 2021.

Duell’s goal is to distribute the world’s best‑known, quality powersport brands at competitive prices and in a timely manner. Duell is able to offer its brand portfolio of more than 290 brands consisting of approximately 150,000 stock keeping units to dealers enabling a one‑stop‑shop approach and, in turn, provide brand owners a reach of almost 7,500 dealers. In addition to its organic growth, Duell’s current position in the European market for powersports spare parts and personal equipment within the onroad motorcycle, offroad motorcycle, ATV, snowmobile and bicycle market segments has strengthened through M&A, and Duell aims to actively participate in the consolidation of the fragmented European market.