AutoWallis Nyilvánosan Muködo Reszvenytársaság : Article of Association of AutoWallis Plc effective from 26.04.2024

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ARTICLES OF ASSOCIATION

OF

AUTOWALLIS

NYILVÁNOSAN MŰKÖDŐ RÉSZVÉNYTÁRSASÁG

IN CONSOLDATED STRUCTURE

26 April 2024

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Articles of Association of AutoWallis Nyilvánosan Működő Részvénytársaság1

The general meeting of AutoWallis Nyrt. hereby establishes the articles of association of the Company in an integrated structure (hereinafter: Articles of Association) as follows, in accordance with the provisions of Act V of 2013 on the Civil Code (Civil Code):

1. Name and registered seat of the Company

1.1. Company name:

AutoWallis Nyilvánosan Működő Részvénytársaság

1. Short Company name: AutoWallis Nyrt.
2. Foreign language Company name: AutoWallis Plc.
   Short foreign language Company name: AutoWallis Plc.
3. Registered seat of the Company:
   1055 Budapest, Honvéd utca 20.
   The registered seat of the Company is the place of central administration at the same time.
4. E-mailaddress of the Company: [e-mail]
   2. Business activity(es) of the Company

1. Core business activity:
   6420' 08 Activities of holding companies
2. Other business activity(es):
   6202' 08 Computer consultancy activities
   6209' 08 Other information technology and computer service activities 6399' 08 Other information service activities n.e.c.
   6612' 08 Security and commodity contracts brokerage 6619' 08 Other activities auxiliary to financial services
   7022' 08 Business and other management consultancy activities
   7312' 08 Media representation
   8211' 08 Combined office administrative service activities
   8230' 08 Organisation of conferences and trade shows
   8299' 08 Other business support service activities n.e.c.
   8559' 08 Other education n.e.c.
   8560' 08 Educational support activities

1 Amended and consolidated by General Meeting Resolution No 24/2024 (IV.26.).

Articles of Association of AutoWallis Nyrt.

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2.3. The Board of Directors of the Company shall be entitled to modify business activity(es).

1. 3. Term and form of operation of the company

2. The Company is established for an indefinite period of time.
3. Form of operation of the Company: public limited company
4. The Company is registered by the Court of Registration of the Metropolitan Court of Budapest under corporate registry number Cg. 01-10-047350.
5. The change of company form shall enter into effect as of the date of registration by the Court of Registration.
   4. Share capital of the Company

4.1. The share capital of the Company amounts to HUF 6,743,210,575, that is, six billion seven hundred and forty-three million two hundred and ten thousand five hundred and seventy- five Forints, consisting of the following assets contributed:

1. HUF 2,199,200,362.5 as pecuniary contribution;
2. HUF 4,544,010,212.50 as non-pecuniary contribution.
   The non-pecuniary contribution as per this clause consists of the following:
3. 1. The business quota of WALLIS MOTOR PEST Autókereskedelmi Korlátolt Felelősségű Társaság (registered seat: 1138 Budapest, Váci út 175., corporate registry number: 01-09-693338; registered by the Court of Registration of the Metropolitan Court of Budapest) of HUF 410,500,000.00 nominal value, representing 100% of its registered capital;
   2. The business quota of WALLIS MOTOR DUNA Autókereskedelmi Korlátolt Felelősségű Társaság (registered seat: 1097 Budapest, Könyves Kálmán krt. 5., corporate registry number: 01-09-700391; registered by the Court of Registration of the Metropolitan Court of Budapest) of HUF 158,730,000.00 nominal value, representing 100% of its registered capital;
   3. The business quota of WALLIS AUTÓKÖLCSÖNZŐ Kereskedelmi és Szolgáltató Korlátolt Felelősségű Társaság (registered seat: 1138 Budapest, Váci út 141. 2. em., corporate registry number: 01-09-699766; registered by the Court of Registration of the Metropolitan Court of Budapest) of HUF 3,100,000.00 nominal value, representing 100% of its registered capital;
   4. The business quota of WAE Autóforgalmazási és Szolgáltató Korlátolt Felelősségű Társaság (registered seat: 2051 Biatorbágy, Budai út 16., corporate registry number: 13-09-174957; registered by the Court of Registration of the Regional Court of Budapest Environs) of HUF 17,147,000.00 nominal value, representing 100% of its registered capital;
   5. The business quota of K 85 Ingatlanhasznosító Korlátolt Felelősségű
      Társaság (registered seat: 1106 Budapest, Kerepesi út 85., corporate
      registry number: 01-09-861051; registered by the Court of Registration of the Budapest-Capital Regional Court) of HUF 3,000,000 nominal value, representing 100% of its registered capital;
   6. The business quota of Wallis Kerepesi úti Autó Korlátolt Felelősségű
      Társaság (registered seat: 1106 Budapest, Kerepesi út 85., corporate
      registry number: 01-09-078910; registered by the Court of Registration of

Articles of Association of AutoWallis Nyrt.

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the Budapest-Capital Regional Court) of HUF 139,400,000 nominal value, representing 100% of its registered capital;

1. A business quota in INICIÁL AUTÓHÁZ Kereskedelmi és Szolgáltató Korlátolt
   Felelősségű Társaság (registered seat: 9028 Győr, Külső Veszprémi utca 6.;
   corporate registry number: 08-09-010382; registered by the Court of
   Registration of the Regional Court of Győr) of HUF 40,000,000 nominal value, representing 40% of its registered capital;
2. A business quota in INICIÁL AUTÓHÁZ Kereskedelmi és Szolgáltató Korlátolt
   Felelősségű Társaság (registered seat: 9028 Győr, Külső Veszprémi utca 6.;
   corporate registry number: 08-09-010382; registered by the Court of Registration of the Regional Court of Győr) of HUF 20,000,000 nominal value, representing 20% of its registered capital;
3. A business quota in DALP Szolgáltató Korlátolt Felelősségű Társaság (registered seat: 1055 Budapest, Honvéd utca 20.; company registry number: 01-09-931205; registered by the Court of Registration of the Regional Court of Budapest-Capital) of 3,200,000 HUF nominal value, representing 100% of its registered capital;
4. C182 Razvoj Nepremičnin Ljubljana d.o.o. [registered seat: Celovška cesta
   182, 1000 Ljubljana, Slovenia; company registry number: 8678529000; registered with the Companies Register of Slovenia (Poslovni register Slovenije)], shares representing 100% of the share capital of the company with a nominal value of EUR 358,500,
5. Shares of HUF 313,650,000 nominal value, embodying 100% of the share capital of Wallis Autómegosztó Zártkörűen Működő Részvénytársaság
   (registered address: 1033 Budapest, Kórház utca 6-12.; company
   registration number: 01-10-141923, registered by the Court of Registration of the Regional Court of Budapest;

4.2. The shareholders fully paid up the issue value of each share in cash at the time of subscription; the non-pecuniary contributions as per clause 4.1.2 were made available to the Company by the persons specified below as follows:

Contributor /

Contribution

Shares to be issued in return for contribution

Person designated

subject

value

number

total nominal

total issue value

to receive shares

(pcs)

value

82.504%

HUF

3,330,291

HUF

HUF 1,732,584,000

business quota

1,732,584,000

333,029,100

in WALLIS

MOTOR PEST

WALLIS ASSET

Autókereskedel

mi

MANAGEMENT Zrt.

(registered seat:

Korlátolt

Felelősségű

1055 Budapest,

Társaság

Honvéd utca 20.;

(corporate

corporate registry

registry number:

number: 01-10-

01-09-693338)

046529)

82.504%

HUF 792,038,400

1,522, 419

HUF

HUF 792,038,400

business quota

152,241,900

in WALLIS

MOTOR DUNA

Autókereskedel

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Péter Antal

(address: 1037

Budapest, Erdőalja

út 113/B. 2. ép., mother's name: Julianna Mandl

mi Korlátolt
Felelősségű
Társaság
(corporate
registry number:
01-09-700391)
96.452%	HUF	4,171, 398	HUF	HUF 2,170,170,000
business quota	2,170,170,000		417,139,800
in WALLIS
AUTÓKÖLCSÖNZ
Ő Kereskedelmi
és Szolgáltató
Korlátolt
Felelősségű
Társaság
(corporate
registry number:
01-09-699766)
90.02% business	HUF	18,168, 381	HUF	HUF 9,452,100,000
quota in WAE	9,452,100,000		1,816,838,100
Autóforgalmazás
i és Szolgáltató
Korlátolt
Felelősségű
Társaság
(corporate
registry number:
13-09-174957)
60% business	HUF 279,660,000	3,704,597	HUF 46,307,458	HUF 279,660,000
quota in K 85
Ingatlanhasznosí
tó Korlátolt
Felelősségű
Társaság
(corporate
registry number:
01-09-861051)
60% business	HUF 332,340,000	4,402,437	HUF 55,030,468	HUF 332,340,000
quota in Wallis
Kerepesi úti Autó
Korlátolt
Felelősségű
Társaság
(corporate
registry number:
01-09-078910)
4.996% business	HUF	201,664	HUF 20,166,400	HUF
quota in WALLIS	104,916,000.00			104,916,000.00
MOTOR PEST
Autókereskedel
mi
Korlátolt
Felelősségű
Társaság
(corporate
registry number:
01-09-693338)

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	4.996% business	HUF	92,190	HUF 9,219,000	HUF 47,961,600.00
	quota in WALLIS	47,961,600.00
	MOTOR DUNA
	Autókereskedel
	mi Korlátolt
	Felelősségű
	Társaság
	(corporate
	registry number:
	01-09-700391)
	5% business	HUF	201,826	HUF 20,182,600	HUF 105,000,000
	quota in WALLIS	105,000,000.00
	MOTOR PEST
	Autókereskedel
	mi
	Korlátolt
ANTONY-Invest Kft.	Felelősségű
Társaság
(registered seat:	(corporate
1037 Budapest,	registry number:
Erdőalja út 113/B.;	01-09-693338)
corporate registry
5% business	HUF 48,000,000	92,263	HUF 9,226,300	HUF 48,000,000
number: 01-09-	quota in WALLIS
291820)	MOTOR DUNA
	Autókereskedel
	mi Korlátolt
	Felelősségű
	Társaság
	(corporate
	registry number:
	01-09-700391)
	5% business	HUF 105,000,000	201,826	HUF 20,182,600	HUF 105,000,000
	quota in WALLIS
	MOTOR PEST
	Autókereskedel
	mi
	Korlátolt
DL Target Kft.	Felelősségű
Társaság
(registered seat:	(corporate
2132 Göd, Patak	registry number:
utca 14.;	01-09-693338)
corporate registry
5% business	HUF 48,000,000	92,263	HUF 92,26,300	HUF 48,000,000
number: 13-09-	quota in WALLIS
184691)	MOTOR DUNA
	Autókereskedel
	mi Korlátolt
	Felelősségű
	Társaság
	(corporate
	registry number:
	01-09-700391)
	2.5% business	HUF 52,500,000	100,913	HUF 10,091,300	HUF 52,500,000
MARKETWATCH Kft.	quota in WALLIS
(registered seat:	MOTOR PEST
Autókereskedel
1025 Budapest,	mi
Őzgida utca 17/3.;	Korlátolt
	Felelősségű

Articles of Association of AutoWallis Nyrt.

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corporate registry	Társaság
number: 01-09-	(corporate
915014)	registry number:
	01-09-693338)
	2.5% business	HUF 24,000,000	46,132	HUF 4,613,200	HUF 24,000,000
	quota in WALLIS
	MOTOR DUNA
	Autókereskedel
	mi Korlátolt
	Felelősségű
	Társaság
	(corporate
	registry number:
	01-09-700391)
	3.548% business	HUF 79,830,000	153,445	HUF 15,344,500	HUF 79,830,000
	quota in WALLIS
	AUTÓKÖLCSÖNZ
Zsolt Müllner	Ő Kereskedelmi
(address:	és Szolgáltató
1025 Budapest,	Korlátolt
Felelősségű
Kondorkert utca 1.)	Társaság
	(corporate
	registry number:
	01-09-699766)
	9.95% business	HUF	2,014,224	HUF	HUF 1,047,900,000
	quota in WAE	1,047,900,000		201,422,400
	Autóforgalmazás
Andrew Prest	i és Szolgáltató
Korlátolt
(address: 1012	Felelősségű
Budapest, Lovas út	Társaság
8.)	(corporate
	registry number:
	13-09-174957)
TT Automobil Kft.	40% business	HUF 186,440,000	2,469,731	HUF 30,871,639	HUF 186,440,000
(registered seat: 1141	quota in K 85
Budapest, Paskál	Ingatlanhasznosít
utca 12. 1. emelet 4.;	ó Korlátolt
corporate registry	Felelősségű
Társaság
number: 01-09-
(corporate
175308)
registry number:
	01-09-861051
	40% business	HUF 221,560,000	2,934,958	HUF 36,686,978	HUF 221,560,000
	quota in Wallis
	Kerepesi úti Autó
	Korlátolt
	Felelősségű
	Társaság
	(corporate
	registry number:
	01-09-078910)
DC-INI Vagyonkezelő	40% business	HUF	13,589,503	HUF	HUF 1,160,000,000
Korlátolt Felelősségű	quota in INICIÁL	1,160,000,000		169,868,787.50
Társaság (registered	AUTÓHÁZ
seat: 9022 Győr,	Kereskedelmi és
Bajcsy-Zs. út 52. b.	Szolgáltató
ép. I. em., corporate	Korlátolt

Articles of Association of AutoWallis Nyrt.

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registry number: 08-	Felelősségű
09-031244)	Társaság
	(corporate
	registry number:
	08-09-010382)
Taródy Operatív	20% business	HUF 868,282,675	10,049,568	HUF 125,619,600	HUF 868,282,675
Korlátolt Felelősségű	share in INICIÁL
Társaság (registered	AUTÓHÁZ
seat: 9028 Győr,	Kereskedelmi és
Külső Veszprémi út	Szolgáltató
6., company registry	Korlátolt
number: 08-09-	Felelősségű
031617)	Társaság
	(cégjegyzékszám:
	08-09-010382)
WALLIS ASSET	100% business	HUF 1,540,000,000	15,400,000	HUF 192,500,000	HUF 1,540,000,000
MANAGEMENT Zrt.	share in DALP
(registered seat: 1055	Szolgáltató
Korlátolt
Budapest, Honvéd
Felelősségű
utca 20.;
Társaság
company registry
(company registry
number: 01-10-
number: 01-09-
046529)
931205)
MILTON-PROPERTY	100% business	HUF	17,105,237	HUF	HUF 1,730,740,000
Kft. (registered seat:	share in C182	1,730,740,000		213,815,462.50
1055 Budapest,	Razvoj
Honvéd utca 20.;	Nepremičnin
company registry	Ljubljana d.o.o-
number: 01-09-	ban (registry
911382)	number:
	8678529000)
Wallis Asset		HUF	38,059,627	HUF	HUF 3,674,656,987
Management Zrt.		3,674,656,987		475,745,337.5
(registered address:
1055 Budapest,
Honvéd utca 20.;
company registration	100% of the
number: 01-10-
shares issued by
046529)
Wallis
Széchenyi Alapok	Autómegosztó	HUF	10,856,634	HUF	HUF 1,048,208,013
Zártkörűen
Kockázati Tőkealap	1,048,208,013		135,707,925
Működő
(registry number: MNB
Részvénytársasá
6122-186; represented
g (registered
by Széchenyi Alapok
address: 1033
Zrt. (company
Budapest,
registration number:
Kórház utca 6-
01-10-046411; 1072
12.; company
Budapest, Rákóczi út
registration
42.; tax number:
number: 01-10-
14830824-2-42)
141923)
Bence Buday		HUF 177,134,975	1,834,645	HUF	HUF 177,134,975
(mother's birth name:
			22,933,062.5
Ildikó Éva Tolmács;
home address: 1125
Budapest, Istenhegyi
út 83/B. fszt. 1.)

Articles of Association of AutoWallis Nyrt.

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The value of the non-pecuniary contributions detailed above were established by the auditor assigned by the Company, AUDIT-H Kft. (registered seat: 1125 Budapest, Varázs utca 16., registration number: MKVK 000029, auditor personally responsible: Péter Lajos Himber, chamber member auditor, managing director, chamber membership number: 005363) in its report dated 26 April 2018.

The value of the business quotas in K 85 Ingatlanhasznosító Korlátolt Felelősségű Társaság and Wallis Kerepesi úti Autó Korlátolt Felelősségű Társaság, being non-pecuniary contributions, was established by TRUSTED ADVISER Könyvvizsgáló és Tanácsadó Kft. (registered seat: 1082 Budapest, Baross utca 66-68. 3. em. 11., reg. number: MKVK 005784; personally responsible auditor: Zsolt Szovics, member of the chamber of auditors, managing director, chamber ID number: 002588) in its independent auditor's report dated 14 February 2020, at the value of HUF 1,068,000,000, that is one billion and sixty-eight thousand Forints. The board of directors of the company accepted the market value of the so provided business quotas at HUF 1,020,000,000, that is one billion and twenty million Forints in total, having regard to the situation caused by the corona virus pandemic.

The value of the business quota in INICIÁL AUTÓHÁZ Kereskedelmi és Szolgáltató Korlátolt Felelősségű Társaság, being a non-pecuniary contribution, was established by TRUSTED ADVISER Könyvvizsgáló és Tanácsadó Kft. (registered seat: 1082 Budapest, Baross utca 66-

68. 3. em. 11., reg. number: MKVK 005784; personally responsible auditor: Zsolt Szovics, member of the chamber of auditors, managing director, chamber ID number: 002588) in its independent auditor's report dated 25 June 2020, at the value of HUF 1,160,000,000, that is one billion and one hundred and sixty thousand Forints. The board of directors of the company accepted the market value of the so provided business quota at the value determined by the auditor.

20% business share in INICIÁL AUTÓHÁZ Kereskedelmi és Szolgáltató Korlátolt Felelősségű Társaság: engaged by AutoWallis Nyrt., TRUSTED ADVISER Könyvvizsgáló és Tanácsadó Kft. (registered seat: 1082 Budapest, Baross utca 66-68. 3. em. 11., reg. number: MKVK 005784; personally responsible auditor: Zsolt Szovics, member of the chamber of auditors, managing director, chamber ID number: 002588) established in its independent auditor's report dated 5 August 2020, that the value of the in-kind contributions provided by Taródy Operatív Kft. (registered seat: 9028 Győr, Külső Veszprémi út 6., company registry number: 08-09-031617), established by it in advance, was balanced with number and nominal value of the shares to be issued by AutoWallis Nyrt.

100% business share in DALP Szolgáltató Korlátolt Felelősségű Társaság: engaged by

AutoWallis Nyrt., TRAD Könyvvizsgáló és Tanácsadó Kft. (company registry number: 01-09-

279280; registered seat: 1082 Budapest, Baross utca 66-68. 3. emelet, personally

responsible auditor: Zsolt Szovics, member of the chamber of auditors, managing director,

chamber ID number: 005784) established in its independent auditor's report dated 12 March 2021, that the value of the in-kind contribution provided by WALLIS ASSET MANAGEMENT Zártkörűen Működő Részvénytársaság (registered seat: 1055 Budapest, Honvéd utca 20., company registry number: 01-10-046529), established by it in advance, was balanced with number and nominal value of the shares to be issued by AutoWallis Nyrt.

With regard to the 100% share in C182 Razvoj Nepremičnin Ljubljana d.o.o. as a non-cash contribution, TRAD Kft., the Company's agent (registered seat: 1082 Budapest, Baross utca 66-68. 3rd floor. 11; company registration number: 01-09-279280; personally responsible auditor: Zsolt Szovics, Chamber member auditor, Chamber membership number: 005784) stated in his independent auditor's report dated 26 May 2022 that the auditor of MILTON- PROPERTY Kft. (registered office: 1055 Budapest, Honvéd utca 20; company registration

Articles of Association of AutoWallis Nyrt.

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number: 01-09-911382) is balanced with the number and nominal value of the shares to be issued by the Company in exchange for the non-cash contribution.

With regard to 100% of the shares issued by Wallis Autómegosztó Zártkörűen Működő Részvénytársaság, as in-kind contribution, the auditor Trusted Advisor Könyvvizsgáló és Tanácsadó Kft. (registered address: 1082 Budapest, Baross utca 66-68. 3. em.; personally responsible auditor: Zsolt Szovics, a member of the chamber of auditors, chamber of auditors membership number: 005784), engaged by the Company, established in its independent auditor's report of 19 July 2023 that the previously determined value of the in-kind contribution provided by Wallis Asset Management Zártkörűen Működő Részvénytársaság (registered address: 1055 Budapest, Honvéd utca 20.; company registration number: 01-10-046529), Széchenyi Alapok Kockázati Tőkealap (registry number: MNB 6122-186; represented by Széchenyi Alapok Zrt. (company registration number: 01-10-046411; 1072 Budapest, Rákóczi út 42.; tax number: 14830824-2-42) and Bence Buday (mother's birth name: Ildikó Éva Tolmács; home address: 1125 Budapest, Istenhegyi út 83/B. fszt. 1.) is balanced with the number and nominal value of the shares to be issued by the Company in exchange for the in-kind contribution.

4.3. If, later on, the Company issues further shares, the consideration thereof shall be made available to the Company in accordance with the terms and conditions set out in the general meeting resolution on such issuance.

5. Number, nominal value, issue value, types and kinds of shares

5.1. The share capital of the Company consists of the following ordinary shares:

Series "C" consists of 539,456,846, that is, five hundred and thirty-nine million four hundred and fifty-six thousand eight hundred and forty-six pieces dematerialized registered ordinary shares, each with a nominal value of HUF 12.5. Each of these shares pertains to a single share series.

Out of these shares,

• the issue value of 95,000 ordinary shares with a nominal value of HUF 1,000.00 was HUF 2,000/share as of 13 January 2012;
• the issue value of 68,244 ordinary shares with a nominal value of HUF 1,000.00 was HUF 2,250/share in the course of the subscription between 04 and 22 March 2013;
• the issue value of 136,100 ordinary shares with a nominal value of HUF 1,000.00 was HUF 2,025/share in the course of the subscription between 04 and 22 March 2013;
• the issue value of 40,000 ordinary shares with a nominal value of HUF 1,000.00 was HUF 2,550/share in the course of the private share capital increase determined by Board Resolution 1/2014. (IX.15.) IT;
• the issue value of 30,389,235 ordinary shares with a nominal value of HUF 100.00 was HUF 520.25/share in the course of the private share capital increase determined by Board Resolution 1/2018.04.26;
• the issue value of 13,511,723 ordinary shares with a nominal value of HUF 12,5 HUF was HUF 75.49/share in the course of the share capital increase determined by Board Resolution 1/2020. (03. 26.) IG;
• the issue value of 13,589,503 ordinary shares with a nominal value of HUF 12,5 HUF was HUF 85.36/share in the course of the share capital increase determined by Board Resolution 1/2020. (VI. 30.) IG;

Articles of Association of AutoWallis Nyrt.