Cris-Tim Family Holding successfully completes the initial public offering conducted between October 17 and 29, 2025. The Final Offering Price was set at RON 16.5 per share, which implies an anticipated stock market capitalization of the company of RON 1.33 bn (EUR 262 mn)

• Cris-Tim Family Holding raised RON 454.35 mn through the initial public offering.
• The funds raised through the initial public offering will be used in significant proportion to support Cris-Tim’s investment plans.
• The offering generated a high demand from the retail and institutional investors and consisted of a total offering of 27,790,000 shares, representing 34.48% of the total issued share capital of Cris-Tim Family Holding. As part of the Offering, there were sold to investors 5,600,000 new shares offered for subscription by the Company, 20,866,667 existing shares offered for sale by the majority shareholder Rangeglow Limited, and 1,323,333 over-allotted shares made available by Rangeglow Limited.
• The retail investors’ tranche registered a record oversubscription for an initial public offering on the local capital market, namely 42 times. After reallocating 5% of the shares available in the offering from the institutional investors’ tranche to the retail one, the oversubscription on the retail tranche is 32 times.
• The final offering price was set at RON 16.5 per share, which implies an anticipated market capitalization of the company of RON 1.33 bn (approx. EUR 262 mn).
• The selling price applicable to retail investors who have validly subscribed shares in the first four working days of the offer, benefiting from the 5% discount, is RON 15.675 per share.
• The settlement of the offering will take place on November 4, 2025.
• The debut of Cris-Tim Family Holding on the Bucharest Stock Exchange, under the stock ticker CFH, is scheduled to take place on or around November 26, 2025.
• The company’s free-float on the stock exchange is 34.48% of the share capital.
• The company is the market leader in the production of cold cuts and ready-meals, being one of the most important operators in the food industry in Romania.

Bucharest, October 30, 2025 – Cris-Tim Family Holding (“Cris-Tim“, or the “Company“), the leader in the Romanian cold cuts and ready meal markets, announces the successful completion of the initial public offering conducted between 17th and 29th of October, 2025. The final offering price for the 27,790,000 shares of the company available in the public offering was set at RON 16.5 per share (the “Final Offering Price”). The selling price applicable to retail investors who subscribed for shares in the first four working days of the offering, benefiting from the 5% discount, is RON 15.675 per share.

The company raised RON 454.35 mn from retail and institutional investors. The funds raised through the initial public offering, both those obtained from the subscription of new shares (part of the share capital increase) and those obtained from the sale of existing shares, will be used in significant proportion to support Cris-Tim’s investment plans.

Following the successful closing of the offering, Cris-Tim will apply for admission to trading of all issued shares on the Regulated Market of the Bucharest Stock Exchange (“BVB“), Premium category, under the stock ticker CFH. First trading day for Cris-Tim Family Holding shares on the BVB Regulated Market will take place on or around November 26, 2025.

For the period 2025 – 2030, Cris-Tim is considering an investment plan in the amount of RON 890 mn, of which RON 768 mn are allocated to the cold cuts segment, and RON 121 mn are allocated to the ready-meals segment and other investment objectives. Part of this investment plan is focused on developing existing production capacities, a program partially financed by the national program for revitalizing the agri-food industry, Investalim. The investment program will be implemented between 2025 and 2028, with the financing agreement signed on October 8, 2024, by the Agency for Financing Rural Investments (“AFIR”).

In addition to the organic growth objectives, the Company intends to identify merger and acquisition targets in the coming years, with the aim of strengthening its competitive position in the cold cuts and ready-meal markets, as well as diversifying its product portfolio.

The Company intends to distribute a minimum of 50% of the annual individually distributable net profit as ordinary dividends.

Mr. Radu Timiș Jr., CEO of Cris-Tim Family Holding, states: “The successful conclusion of the initial public offering, which was oversubscribed both in the retail tranche, where demand initially exceeded the available supply by more than 40 times, and in the institutional investor tranche, represents an unprecedented validation of Cris-Tim Family Holding. The notable interest of retail investors led to the reallocation of 5% of the institutional tranche, resulting in a final oversubscription of 32 times in the retail tranche. Cris-Tim Family Holding is one of the few companies that has managed to attract an extremely wide range of institutional investors in Romania, as well as a prestigious international investor, the EBRD. Until now, we have gained the trust of consumers through our products, and now those same consumers, either directly or through institutional funds, are choosing to invest in the company.

The success of the offer confirms the strength of the company and our strategic direction: an ambitious plan of RON 890 mn by 2030, aimed at taking Cris-Tim to the next level of performance, consolidating the company as a benchmark in the food industry and a pole of excellence for the entire South-Eastern European region. But for us, investments are not just numbers, they mean modernization, innovation and opening new paths. Just as we raised the standards of the food industry in Romania, we now want to demonstrate that we will become a model of transparency, performance and vision on the capital market as well. A brand means trust. A strong brand means trust delivered consistently and this will continue to define our path.

The next stage in this process, the listing on the Bucharest Stock Exchange, is for Cris-Tim Family Holding more than an aspiration, it is an essential step in long-term development, for which we have been preparing assiduously in recent years”.

Mr. Răzvan Furtună, CFO Cris-Tim Family Holding, states: “At the time of announcing the intention to float and subsequently conducting the public offering, Cris-Tim Family Holding presented an extensive investment plan until 2030. The successful conclusion of the public offering represents an important step in fulfilling this plan. The results of the public offering are measured not only in the value of the funds attracted, but also in terms of reputation and visibility that the company has consolidated during the public offering. Cris-Tim is set to become the first company in the food industry listed on BVB, increasing investment diversification options on the local capital market and paving the way for similar entrepreneurial companies in Romania”.

Key elements of the Cris-Tim Family Holding offering

• The Prospectus of the Offering was approved by the Financial Supervisory Authority („ASF”), by Decision 1010 from October 15, 2025.
• The offer included both a sale of existing shares by the majority shareholder, Rangeglow Limited, and a sale of newly issued shares as part of a capital increase.
• A total number of 27,790,000 shares were sold through the Offering: 20,866,667 shares sold by Rangeglow Limited, the majority shareholder, 5,600,000 newly issued ordinary shares of the Company, part the share capital increase component, and 1,323,333 over-allotted shares offered by Rangeglow Limited.
• The offering was divided into two tranches intended for retail investors in Romania and institutional investors outside the United States of America, based on Regulation S under the Securities Act.
• The retail investors’ tranche represented 15% of the offering and the institutional investors’ tranche 85% of the offering. Cris-Tim Family Holding and Rangeglow Limited, the majority shareholder, decided to reallocate 5% of the shares available in the offering from the institutional investors’ tranche to the retail investors’ tranche.
• The subscription period of the IPO was between October 17, 2025 and October 29, 2025.
• The price range for the offered shares was between RON 16.5 per share and RON 17.5 per share.
• Retail investors were able to subscribe at the fixed price of RON 17.5 per share, with a 5% discount applicable to the Final Offering Price for subscriptions registered in the first 4 working days of the offering, respectively between 17th and 22nd of October, 2025.
• The Final Offering Price is RON 16.5 per share. The selling price applicable to retail investors who have validly subscribed shares in the first 4 working days of the offer, benefiting from the 5% discount, is RON 15.675 per share.
• The allocation index per retail investor tranche, namely the ratio between the number of shares offered and the total number of shares subscribed in the offering per retail tranche after reallocation is 0,0310530792.
• The final size of each tranche is the following: 19.05% tranche dedicated to retail investors, respectively 5,293,333 shares, and 80.95% tranche dedicated to institutional investors, respectively 22,496,667 shares.
• The debut of Cris-Tim Family Holding on the BVB, under the stock ticker CFH, is scheduled to take place on or around November 26, 2025.
  Banca Comercială Română S.A. and BRD – Groupe Société Générale S.A. acted as Joint Lead Managers in connection with the offering.
• The prospectus and all the related documents are available on the web page of Cris-Tim Family Holding, www.cristim.ro.

Cris-Tim Family Holding, leader in the Romanian cold cuts and ready-meals markets
Cris-Tim is a Romanian entrepreneurial company founded in 1992, which in its 33 years of existence has grown both organically and through acquisitions, from a start-up to the leader in the cold cuts and ready-meals markets. The Company has gradually consolidated both its market share in its target sectors and its profitability through substantial investments in technology and logistics, innovation, focus on product quality, competitiveness in raw material procurement policy, development of strong brands, high level of staff commitment and retention.

In 2024, Cris-Tim recorded revenues from customer contracts of RON 1.12 bn (up 7.1% compared to 2023), EBITDA of RON 166.8 mn (up 8.1%), and net profit from continuing operations of RON 84.7 mn (up 3%). The company ended the first half of 2025 with EBITDA of RON 86.2 mn (up 12.4%) and net profit of RON 47.5 mn (up 29.1% compared to the same period in 2024).

The cold cuts segment is the company’s main business line with a share of at least 86% in revenue from customer contracts in the period 2022 – 2024 and 88% in the first semester of 2025. The Ready-Meals segment is the company’s second business line with a share of at least 9.4% in revenue from customer contracts in the period 2022 – 2024 and 10.6% in the first semester of 2025. The company ended the first semester of 2025 with revenue from customer contracts related to the two main business lines of RON 527.1 mn (+4.25% compared to the same period in 2024).

Cris-Tim is present in the retail market with the Cris-Tim, Matache Măcelaru’, Alpinia, Obrăjori, and Csárdás meat product brands, as well as the Bunătăți ready meals brand. At the same time, it is an emerging producer in the private label production segment for large international modern retail chains. The Cris-Tim brands are among the most prominent in the food industry and among the best known to Romanian consumers, supported by intensive and appropriately calibrated marketing and advertising programs. Cris-Tim’s flagship product is Salam Săsesc, launched under the Cris-Tim brand in 2002, which subsequently became the main catalyst for the company’s accelerated sales growth. Cris-Tim brands are present on the shelves of all 13 retail chains operating in Romania, as well as in over 15,000 traditional stores. The Company also has 18 of its own stores and exports its products to 17 European countries.

Through the “Clean Label” concept launched in Romania for the first time in 2017, Cris-Tim has proven to be the most innovative company in terms of quality. “Clean Label” has revolutionized the meat processing industry by radically changing the perception of quality, thus creating a new perspective of sustainable development for the entire industry.

Cris-Tim is currently one of the largest companies operating in the agri-food sector in Romania, with production capacities aligned with modern technologies. The Company operates three factories with a combined capacity of 215 tons/day, the main factory operated by Cris-Tim being the one in Filipeștii de Pădure, with a production area of 50,000 square meters and a technological capacity of 165 tons of products per day. This factory exclusively produces cold cuts under the Company’s main brands, Cris-Tim and Matache Măcelaru’, which are fully aligned with the “Clean Label” concept, as well as ready-meals made from meat. The Măgureni factory has a production area of 6,000 square meters and a daily production capacity of 25 tons, which is allocated to the production of cold cuts under the Alpinia economy brand and the production of cold cuts under private labels. The Bucharest factory is dedicated exclusively to the production of ready meals (soups, stews, salads, menus), with a production area of 2,200 square meters and a technical capacity of 25 tons per day.

Cris-Tim operates an extensive logistics infrastructure that includes nine large cold storage warehouses nationwide and an own fleet of commercial and utility vehicles used for distribution to modern retail chains and traditional stores. Cris-Tim has over 2,000 employees, approximately half of whom have been with the Company for over seven years.

For more information, please contact:
CRIS-TIM FAMILY HOLDING S.A.
Zuzanna Kurek, [email protected], 0742431111
Rogalski Damaschin Public Relations
Natalia Negru Botezan, [email protected], 0742521586

DISCLAIMER – IMPORTANT NOTICE

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA

The approval stamp applied on the public offering Prospectus does not represent a guarantee or any type of appraisal by the FSA as regards the opportunities, advantages or disadvantages, profits or risks involved by the transactions to be concluded following the acceptance of the public offer subject of the approval decision. The approval decision certifies only that the Prospectus complies with the requirements of the law and of the norms adopted in its application.

This press release does not constitute an offering for sale of securities in the United States. The securities to which this press release refers have not been registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) and may not be offered or sold in the United States. There has not been and will not be any public offering of securities in the United States.
In the Member States of the European Economic Area, this communication is addressed only to persons who are “qualified investors” within the meaning of Article 2(e) of the EU Prospectus Regulation (Regulation (EU) 2017/1129). This communication is not an advertisement within the meaning of the applicable measures implementing the EU Prospectus Regulation. In accordance with the requirements of Directive 2014/65/EU, the information contained in this communication is addressed exclusively to eligible and professional counterparties, regardless of the distribution channels.
Cris-Tim has not authorized any offering of securities to the public in any Member State of the European Economic Area other than Romania. In respect of each Member State of the European Economic Area other than Romania that has implemented the EU Prospectus Regulation (each, a “Relevant Member State”), no action has been taken or won’t be taken to make an offering of securities to the public that requires the publication of a prospectus in a Relevant Member State. For the purposes of this paragraph, the expression “offering of securities to the public” in any Relevant Member State means the communication, in any form and by any means, of sufficient information about the terms of the offering and the securities to be offered, so as to enable an investor to decide to purchase any securities, as they may vary in that Member State by any implementing measure of the EU Prospectus Regulation, and the expression “EU Prospectus Regulation” means Regulation (EU) 2017/1129 and includes any relevant implementing measure in each Relevant Member State.
The approval of the Prospectus does not constitute a guarantee or any kind of assessment by the ASF regarding the opportunity, advantages or disadvantages, profit or risks involved in accepting the Offering, which is the subject of the approval decision; the approval only certifies the compliance of the Prospectus with the legal requirements and the rules adopted for their application.