Logo Accell NL

HEERENVEEN (THE NETHERLANDS), 23 July 2021 – Accell Group N.V., the leading European bicycle
company with well-known brands such as Haibike, Koga, Batavus and Raleigh, today announces its half-year
2021 results.

HEERENVEEN (THE NETHERLANDS). The Supervisory Board of Accell Group N.V. announces that by mutual consent Jeroen Both has stepped down as Chief Supply Chain Officer (CSCO) and member of the Board of Management and will leave Accell Group at the end of December of this year. The Supervisory Board has initiated the search for a successor who will be responsible for further development of Accell Group’s supply chain and operations.