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New Amsterdam Invest Annual Report 2022

Annual Report nancial year 2022

The annual report of New Amsterdam Invest N.V. (hereinafter referred to as “NAI” or the “Company”) for

the nancial year 2022, consists of the Management Board Report, including the responsibility statement

and other mandatory statements by the Management Board, the Supervisory Board Report, the

Remuneration Report and the Financial Statements 2022 (“Financial Statements”) and the accompanying

notes. Furthermore the Other Information including the report on the audit of the Financial Statements

2022 as issued by the Company’s external auditor, being BDO Audit & Assurance B.V.

Company structure

NAI is a special purpose acquisition company (hereinafter referred to as “SPAC”) incorporated under

the laws of the Netherlands as a public company (naamloze vennootschap), having its corporate seat

(statutaire zetel) in Amsterdam, the Netherlands. The Company was incorporated on 19 May 2021, and is

registered with the Trade Register of the Chamber of Commerce under number 82846405.

At the date of incorporation the Company issued 1,275,000 ordinary shares with a nominal value

of € 0.04 each (“Ordinary Shares”), to New Amsterdam Invest Participaties B.V. (“NAIP Holding”)

resulting in an issued share capital in the amount of € 51,000.

On 8 July 2021, the Company repurchased from NAIP Holding 1,127,693 Ordinary Shares against no

consideration. The remaining ordinary shares have been converted to convertible Promoter Shares.

To date, NAIP Holding holds 147,307 convertible Promoter Shares with a nominal value of € 0.04 each.

The Company is admitted as of 6 July 2021, to listing and trading on Euronext Amsterdam, a regulated

market operated by Euronext Amsterdam N.V. The Company raised approximately € 50 million in gross

proceeds. The Company intends to use the proceeds to acquire a signicant stake in a company active

as an operating company in the commercial real estate sector with principal operations in Europe,

preferably in the Netherlands, Germany, the United Kingdom, or the United States of America, through

a (legal) merger, share exchange, share purchase, asset acquisition, contribution in kind or a similar

transaction or a combination of such transactions (hereinafter referred to as the “Target” or the “Business

Combination”).

Pursuant to article 3 of the articles of association of the Company (“Articles of Association”), the

Company’s objects are to:

• incorporate, conduct the management of, participate in and take any other nancial interest in other

companies and/or enterprises and

• borrow and/or lend out moneys, to provide security for, otherwise warrant performance of or bind

itself jointly and severally with or for others, the foregoing whether or not in collaboration with third

parties and inclusive of the performance and promotion of all activities which directly and indirectly

relate to those objects, all this in the broadest sense of the words.

More information about the Company, including the Company’s initial public offering (“IPO”) prospectus

dated June 2021 (hereinafter referred to as the “prospectus”), nancial reports since then and other

information can be found on the Company’s website: www.newamsterdaminvest.nl

Strategy and progress

After the successful completion of the IPO, the Company is seeking to enter into a Business Combination

with a business active as an operating company in the commercial real estate sector.

The Company is evaluating acquisition opportunities using its nancial and quantitative parameters as

described in the Prospectus (Section “Proposed Business - Business Strategy”). It is not inconceivable

that the Company might acquire a signicant interest in a Target with a total value of approximately

€ 100 million. The Company’s expectations around a stable dividend stay between 4.5% and 6.5% of the

Company’s equity value.