US Tax Information

Azerion Group N.V. (formerly known as European FinTech IPO Company 1 B.V. or “EFIC1”) (the “Company”) may be considered a “passive foreign investment company” (“PFIC”) for U.S. federal income tax purposes, pursuant to which shareholders of the Company that are U.S. persons (each a "Shareholder") could possibly make an election under Section 1295 of the U.S. Internal Revenue Code and the regulations thereunder to treat the Company as a Qualified Electing Fund (“QEF Election”) for U.S. federal income tax purposes. The Company is currently working on an analysis to determine its PFIC status, together with external tax and legal advisors. As of today, no assurance can be given as to the outcome of such analysis as PFIC rules are complex. Please refer to the Shareholder Circular dated 13 December 2021 for further information on PFIC rules. The Company expects to provide further information on its PFIC status, a PFIC Annual Information Statement (where applicable) and appropriate documentation in due course in the designated US Tax section of the Azerion investor website.

THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE TAX ADVICE. THE RULES DEALING WITH PFICS ARE VERY COMPLEX AND ARE IMPACTED BY VARIOUS FACTORS IN ADDITION TO THOSE DESCRIBED ABOVE AND IN THE SHAREHOLDER CIRCULAR DATED 13 DECEMBER 2021. ALL SHAREHOLDERS ARE URGED TO CONSULT THEIR OWN TAX ADVISORS REGARDING THE CONSEQUENCES TO THEM OF THE PFIC RULES, INCLUDING, WITHOUT LIMITATION, WHETHER A QEF ELECTION, A MARK-TO-MARKET ELECTION OR ANY OTHER ELECTION IS AVAILABLE ON A TIMELY FILED OR AMENDED TAX RETURN AND THE CONSEQUENCES TO THEM OF ANY SUCH ELECTION AND THE IMPACT OF ANY PROPOSED OR FINAL PFIC TREASURY REGULATIONS