Maj Invest Minorities II K/SAktiv

The limited partnership Maj Invest Minorities II K/S (Maj Invest Minorities II or the Fund) was established on 22 December 2023. The Fund held its initial closing with investors on 16 March 2024, followed by a final closing on 25 June 2025. As of 31 December 2025, the Fund’s total commitments amounted to EUR 255 million. Maj Invest Minorities II’s investment policy and strategy focus on minority investments within the private equity and venture capital asset classes, with particular emphasis on the life sci- ences and technology sectors. Investments are unlisted, with expected ownership interests of up to 25%, and are geographically limited to developed markets. Investments are typically made alongside reputable professional investors with a proven track record.

License as manager with the Danish FSA The Manager has received a license as manager (in Danish: forvalter) with the Danish FSA (in Danish: Finanstilsynet) and the Manager is under financial regulation and the Danish FSA su- pervision. The fund has appointed a depositary in accordance with the provisions in FAIF. The requested disclosure of the total remuneration paid to employees and management of Maj Invest Equity A/S is presented below and in the annual report of Maj Invest Equity A/S. The annual report of Maj Invest Equity A/S will be made available on the website majin- vest.com. The disclosure is not allocated to, nor presented for, individual funds or business units. 000’ DKK 2024 2023 Staff costs 38,837 33,493 Average number of full-time employees 25 22 Remuneration of other material risk takers In 2024, the Manager paid remuneration totaling TDKK 8,874 for 4 material risk takers other than the Executive Board. (2023: TDKK 7,216 for 8 material risk takers other than the Execu- tive Board). The remuneration consists of a fixed remuneration of TDKK 8,543, a variable remuneration of TDKK 331 (2023: TDKK 7,131, TDKK 85). Development in activities and the financial position Maj Invest Minorities II reached its final close in June 2025, building on its initial launch in 2024 and maintaining a consistent focus on acquiring high-quality assets in structural growth sectors, with a particular emphasis on innovative technology and life sciences. The financial year 2025 built on

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