Investor disclaimer

Draft, version 0.1 of 9 November 2026. Written by Vlindair; not yet reviewed by a lawyer. To be reviewed before publication.

1. Who publishes this website

This website is published by Vlindair B.V. (“Vlindair”, “we”), a private limited company under Dutch law. Nassaupark 9, 1405 HN Bussum, the Netherlands. Dutch Chamber of Commerce registration 42111040. Questions about this disclaimer or about investing in Vlindair: contact@vlindair.eu.

2. No offer of securities

Nothing on this website is, or forms part of, an offer of securities to the public, an invitation to subscribe for or buy shares or other financial instruments, or a solicitation of such an offer, within the meaning of Regulation (EU) 2017/1129 (the Prospectus Regulation) or the Dutch Financial Supervision Act (Wet op het financieel toezicht). The Investors page, the data room and any conversation that follows describe Vlindair and its plans. They are not the basis of any investment decision. An investment in Vlindair takes place only on the basis of definitive documents agreed between Vlindair and the investor, such as a subscription or shareholders’ agreement, which prevail over anything on this website.

3. No prospectus, no supervision

No prospectus approved by the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten, AFM) or any other competent authority has been or will be published in connection with the information on this website. Where Vlindair offers securities, it does so under an exemption from the obligation to publish a prospectus, for instance an offer addressed only to qualified investors, to fewer than 150 persons per member state of the European Economic Area, with a minimum investment of €100,000 per investor, or an offer with a total value below €5,000,000 over twelve months in the Netherlands. The offer documents state which exemption applies. Where Dutch law requires it, Vlindair notifies the offer to the AFM, makes the AFM information document available and includes the statutory exemption notice: Let op! U belegt buiten AFM-toezicht. Geen prospectusplicht voor deze activiteit.

Vlindair B.V. is not licensed by, and is not under the supervision of, the AFM or De Nederlandsche Bank. Vlindair does not provide investment services, does not manage investments for others and does not operate a trading platform.

4. No advice

Nothing on this website is investment, legal, tax or accounting advice, and nothing takes your personal circumstances, knowledge, experience or financial situation into account. Before you consider an investment in Vlindair, obtain your own advice from an adviser authorised in your country.

5. The risks of investing in Vlindair

Vlindair is an early-stage company building an airline with aircraft that are not yet certified for commercial passenger service. An investment in Vlindair is high-risk and suitable only for investors who can bear the loss of their entire investment. In particular:

• You can lose all the money you invest. Early-stage companies often fail, and shareholders are paid last.
• Shares in Vlindair are not listed or traded on any market. You may not be able to sell them when you want to, or at all, and the shareholders’ agreement may restrict transfers.
• Vlindair does not expect to pay dividends for the foreseeable future. Any return depends on a future sale or listing, which may never happen.
• Vlindair will need to raise more capital in later rounds. Your share may be diluted.
• Vlindair depends on third parties and events outside its control: the certification of battery-electric aircraft by EASA, the granting of an air operator certificate and operating licence to Vlindair, battery performance and cost, charging infrastructure at airports, slots and route rights, the price of electricity, insurance, financing and public policy.
• The timelines on this website (the phases, the first flights, the 2040 figures) are targets. Delays are common in aviation and could be long.

Invest only money you can afford to lose, and do not invest more than a small part of your assets in any one early-stage company. Past results, including the results of other airlines or other electric-flight projects, are no guide to Vlindair’s future.

6. Forward-looking statements

This website contains forward-looking statements: our ambition that all flights within Europe are electric before the turn of the century, the phases of our plan, expected routes, passenger numbers, revenues, aircraft and dates, and words such as “expect”, “aim”, “believe”, “plan”, “will” and “could”. They reflect what we believe today, on the basis of assumptions that may prove wrong. Actual results can differ materially. Forward-looking statements are no guarantee of future performance, and we do not undertake to update them, other than as the law requires.

7. Information and sources

We take care that the information on this website is correct and up to date, but we give no warranty that it is complete, accurate or current. Figures from third parties (research institutes, industry bodies, public statistics, aircraft manufacturers) are reproduced with their source and have not been independently verified by Vlindair. Figures are rounded. Pledges made through this website are expressions of interest by travellers and organisations; they are not bookings, contracts or revenue, and we do not present them as such. We may change, add to or remove information at any time without notice.

8. The data room

Access to our data room is granted on request, at Vlindair’s sole discretion, and only after a confidentiality agreement has been signed. We may limit access to certain categories of investor, such as qualified or professional investors, or to persons in certain countries. The documents in the data room are confidential, may be incomplete or in draft, and are subject to this disclaimer and to the terms of the confidentiality agreement. Requesting access does not create any obligation on either side.

9. Where this information may be used

This website is directed at persons in the Netherlands and the other member states of the European Economic Area. It is not directed at, and must not be used by, any person in a country where reading it, or any offer it could be taken to describe, would be unlawful or would require Vlindair to register or obtain a licence. In particular, securities of Vlindair have not been and will not be registered under the United States Securities Act of 1933 and may not be offered or sold in the United States or to US persons, nor in Canada, Australia or Japan, except under an exemption. If you are outside the Netherlands, inform yourself about and observe the restrictions that apply to you.

10. Liability

To the extent permitted by Dutch law, Vlindair, its directors, employees and advisers accept no liability for any loss arising from the use of this website or from reliance on the information on it, including loss from any decision to invest or not to invest. This does not exclude or limit liability for intent or deliberate recklessness, or any other liability that cannot be excluded by law.

11. Governing law

This disclaimer and the use of this website are governed by Dutch law. Disputes are submitted to the competent court in the Netherlands.

12. Changes and contact

We update this disclaimer when our plans or the law change, and we put the date of the latest version at the top. How we handle personal data is described in our privacy policy. Questions: contact@vlindair.eu.