Press release


Tonner Drones CEO increases his stake to 13% and
completes debt restructuring
Schiltigheim, May 16th 2025 08:15, Tonner Drones (’the Company’) is pleased to announce that
CEO van den Ouden raised his stake in the company to 13%. The company was also able to
finalize the debt restructuring that was initially announced on November 5th, 2024.

Tonner Drones received a conversion request from the CEO to convert 30,312,000 warrants into
45,468,000 regular shares. By exercising these warrants, Van den Ouden will increase his shareholding
to over 13% of the company. Van den Ouden paid €568,350 for the exercise of his warrants. As a result,
the company's debt decreased by the same amount and the equity was improved. Van den Ouden no
longer owns warrants and now owns 65,468,000 shares. The remaining debt in this 4% interest bond is
€94,725. From November 2024 to January 2025, Van den Ouden has bought 20,000,000 shares on the
market and has not sold any shares. He also has no intention of selling any shares.

In November 2024, the CEO announced his intention to consolidate his investments in the company
into a more simplified structure. This process has now been completed, with some adjustments, and the
main debt that CEO van den Ouden has in the company has now been reduced to 2 transparent
products. One of the products is a regular bond of €3M, with 3% interest and with maturity until 31-12-
2027. In addition, the shareholder loan, with 5% interest, worth €1.5M, enables van den Ouden to
finance Tonner Drones flexibly according to the needs of the company from time to time.

« I have always said that I believe in a strong future of the company. » Diede van den Ouden, CEO, said.
« By being the reference shareholder of the company, I align myself with the other shareholders. In
addition, we have now been able to reduce debt and interest charges and further restore equity. Finally,
the company is better to be managed with a clearer shareholder structure. I also invite other
shareholders to make their voices heard at our shareholders’ meeting on June 19. It would enable us to
reach the quorum. »

Full documentation of the debt instruments and the shareholders' meeting will be available on the
company's website.
End of Press-Release.
About Tonner Drones: Tonner Drones develops technologies for the logistics sector. Tonner Drones holds valuable
stakes in some promising French drone manufacturers like Elistair and Donecle. Tonner Drones’ strategy is to
increase the value of its shareholdings in these companies through active asset management. Additional revenues
can be achieved through royalties from patents held by Tonner Drones. Tonner Drones does not plan on owning
a factory; however, it is determined to retain R&D for its products and systems in France. Tonner Drones uses an
active strategy to manage its treasury.
Tonner Drones’ shares are listed on Euronext Growth Paris (ISIN code: FR001400H2X4).

More information at www.tonnerdrones.com / contact@tonnerdrones.com
Warning

Regarding the merits of any transaction or the making of any investment decision. It does not constitute or include any confirmation or
commitment by Tonner Drones (or any other person) regarding the present or future value of Tonner Drones ' business, its securities, its
subsidiaries or any other assets of Tonner Drones .

This press release contains forward-looking statements based on current beliefs and expectations regarding future events. These forward-
looking statements may include projections and estimates and their underlying assumptions, statements regarding plans, objectives,
intentions and/or expectations regarding future financial results, events, operations and services. and product development, as well as
statements regarding performance or events. These statements are generally identified by the terms "expect", "anticipate", "believe",
"intend", "estimate", "plan", "project", "may", "should" or the negative form of these and other similar expressions. These statements are
not guarantees of future performance and are subject to inherent risks, uncertainties and assumptions regarding Tonner Drones and its
subsidiaries and investments, trends in their businesses, future capital expenditures and acquisitions, developments relating to contingent
liabilities, changes in global economic conditions or Tonner Drones ' principal markets, competitive market conditions and regulatory factors.
The realization of these events is uncertain; their outcome could turn out to be different from that envisaged today, which is likely to
significantly affect the expected results. Actual results may differ materially from those anticipated or implied in these forward-looking
statements. Any forward-looking statements contained in this press release are made as of the date of this press release. Except as required
by applicable law, Tonner Drones undertakes no obligation to revise or update any forward-looking statements, taking into account new
information or future events.