The Magnum Ice Cream Company N.V.
(TMICC or the Company)
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES (PDMRS)
The Company notifies the following change in interests in the ordinary shares of EUR3.50 each (Shares) of PDMRs, arising pursuant to the grant of the following share awards:
(i) 2023 Replacement Performance Share Plan $(PSP)$ Awards and Replacement Targeted Share Awards (TSA):
The replacement awards are share awards for employees (including Directors) who, at the time of the Demerger, held unvested awards under the Unilever Share Plan 2017. These replacement awards are granted under The Magnum Ice Cream Company Long Term Incentive Plan 2025 over TMICC Shares on substantially equivalent terms and with a value equivalent to the Unilever shares subject to the relevant Unilever award that lapsed due to the application of time pro-rating.
(ii) Rollover awards
Unilever Restricted Stock Unit awards held as at the time of the Demerger are exchanged for substantially equivalent awards over TMICC Shares, which will vest on their original vesting date(s), subject to continued employment/service with the TMICC Group and maintaining satisfactory levels of personal performance. Awards will continue to be governed by the Unilever Share Plan 2017, which was adopted by TMICC for this purpose.
(iii) Celebration Award
The Celebration Award (operated under The Magnum Ice Cream Company Celebration Award Plan) is a one-off share award over the same number of TMICC Shares to each employee who was part of the TMICC Group at the completion of the Demerger. Directors are not eligible to receive this award.
Malus and clawback provisions apply to all awards
The number of Shares granted was determined by taking the average closing share prices (on Euronext Amsterdam, London Stock Exchange and New York Stock Exchange) for the period 8 to 18 December 2025 inclusive, (being EUR13.41, GBP11.69 and USD15.60 respectively).
2023
Replacement Celebration Total Share
Director PSP/TSA Award Rollover Award Award Awards
--------------- --------------- -------------- --------------- -----------
Peter ter Kulve 4,853 41,134 n/a 45,987
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Other PDMRs
--------------- --------------- -------------- --------------- -----------
Julien Barraux 816 11,120 23 11,959
--------------- --------------- -------------- --------------- -----------
Sandeep Desai 508 10,042 23 10,573
--------------- --------------- -------------- --------------- -----------
Tim Gunning 55 3,466 23 3,544
--------------- --------------- -------------- --------------- -----------
Wai-Fung Loh 1,134 14,218 23 15,375
--------------- --------------- -------------- --------------- -----------
Mark O'Brien n/a 9,330 23 9,353
--------------- --------------- -------------- --------------- -----------
Gerardo
Ronzanski 1,784 20,346 23 22,153
--------------- --------------- -------------- --------------- -----------
Ronald
Schellekens 7,168 n/a 23 7,191
--------------- --------------- -------------- --------------- -----------
Mustafa Seckin 1,060 13,284 23 14,367
--------------- --------------- -------------- --------------- -----------
Toloy Tahir
Tanridagli 962 8,958 23 9,943
--------------- --------------- -------------- --------------- -----------
Vanessa Vilar 327 3,924 23 4,274
--------------- --------------- -------------- --------------- -----------
This announcement is made in accordance with the requirements of the EU and UK version of the Market Abuse Regulation 596/2014.
Details of the person discharging managerial responsibilities/person
1 closely associated
--- --------------------------------------------------------------------------------
a) Name of natural person Peter ter Kulve
--- ------------------------ ------------------------------------------------------
2 Reason for the notification
--- --------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
--- ------------------------ ------------------------------------------------------
Initial
b) notification/Amendment Initial notification
--- ------------------------ ------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
--- --------------------------------------------------------------------------------
a) Name The Magnum Ice Cream Company N.V.
--- ------------------------ ------------------------------------------------------
Legal Entity Identifier
b) code 25490052LLF3XH6G9847
--- ------------------------ ------------------------------------------------------
4 Details of the transaction(s) summary table
--- --------------------------------------------------------------------------------
Description
of Identification Place of
Date of Transaction Instrument Code Transaction Currency
--- ----------------------- ------------- -------------- ------------ ----------
Ordinary Outside a
shares of ISIN: trading
19-DEC-2025 EUR3.50 each NL0015002MS2 venue GBP
--- ----------------------- ------------- -------------- ------------ ----------
Nature of
Transaction Price Volume Total
--- ----------------------- ------------- -------------- ------------ ----------
Grant of
Share Awards 11.69 3,126 36,542.94
-------------------------------------- -------------- ------------ ----------
Aggregated 11.69 3,126 36,542.94
------------- -------------- ------------ ----------
Description
of Identification Place of
Date of Transaction Instrument Code Transaction Currency
--- ----------------------- ------------- -------------- ------------ ----------
Ordinary Outside a
shares of ISIN: trading
19-DEC-2025 EUR3.50 each NL0015002MS2 venue EUR
--- ----------------------- ------------- -------------- ------------ ----------
Nature of
Transaction Price Volume Total
--- ----------------------- ------------- -------------- ------------ ----------
Grant of
Share Awards 13.41 42,861 574,766.01
-------------------------------------- -------------- ------------ ----------
Aggregated 13.41 42,861 574,766.01
------------- -------------- ------------ ----------
Details of the person discharging managerial responsibilities/person
1 closely associated
--- --------------------------------------------------------------------------------
a) Name of natural person Julien Barraux
--- ------------------------ ------------------------------------------------------
2 Reason for the notification
--- --------------------------------------------------------------------------------
a) Position/status Chief Creative Officer
--- ------------------------ ------------------------------------------------------
Initial
b) notification/Amendment Initial notification
--- ------------------------ ------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
--- --------------------------------------------------------------------------------
a) Name The Magnum Ice Cream Company N.V.
--- ------------------------ ------------------------------------------------------
Legal Entity Identifier
b) code 25490052LLF3XH6G9847
--- ------------------------ ------------------------------------------------------
4 Details of the transaction(s) summary table
--- --------------------------------------------------------------------------------
Description
of Identification Place of
Date of Transaction Instrument Code Transaction Currency
--- ----------------------- ------------- -------------- ------------ ----------
Ordinary Outside a
shares of ISIN: trading
19-DEC-2025 EUR3.50 each NL0015002MS2 venue EUR
--- ----------------------- ------------- -------------- ------------ ----------
Nature of
Transaction Price Volume Total
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December 22, 2025 03:08 ET (08:08 GMT)