| NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i |
| Â |
| 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: |
Zeal Network SE |
| 1b. Please indicate if the issuer is a non-UK issuer (please mark with an 'X' if appropriate) |
| Non-UK issuer |
 |
| 2. Reason for the notification (please mark the appropriate box or boxes with an 'X') |
| An acquisition or disposal of voting rights |
X |
| An acquisition or disposal of financial instruments |
 |
| An event changing the breakdown of voting rights |
 |
| Other (please specify)iii: |
 |
| 3. Details of person subject to the notification obligationiv |
| Name |
Working Capital Advisors (UK) Ltd |
| City and country of registered office (if applicable) |
London, United Kingdom |
| 4. Full name of shareholder(s) (if different from 3.)v |
| Name |
Working Capital Partners, Ltd.
High Street Partners, Ltd. |
| City and country of registered office (if applicable) |
Cayman Islands |
| 5. Date on which the threshold was crossed or reachedvi: |
25 September 2019 |
| 6. Date on which issuer notified (DD/MM/YYYY): |
26 September 2019 |
| 7. Total positions of person(s) subject to the notification obligation |
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% of voting rights attached to shares (total of 8. A) |
% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2) |
Total of both in % (8.A + 8.B) |
Total number of voting rights of issuervii |
| Resulting situation on the date on which threshold was crossed or reached |
20.18% |
NA |
20.18% |
4,511,693.00 |
Position of previous notification (if
applicable) |
19.35% |
NA |
19.35% |
 |
