Karan Trehan - Jan 21, 2021 Form 4 Insider Report for European Sustainable Growth Acquisition Corp. (EUSG)

Role: 10%+ Owner
Signature: /s/ Karan Trehan
Stock symbol: EUSG
Transactions as of: Jan 21, 2021
Transactions value $: $3,800,000
Form type: 4
Date filed: 12/22/2021, 10:29 AM

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	EUSG	Redeeemable Warrants	Purchase	$3.8M	+3.8M		$1.00^*	3.8M	Jan 21, 2021	Class A ordinary Shares	3.8M	$11.50	See Footnote	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	As disclosed in the Form S-1 (No. 333-251888), as amended, filed by European Sustainable Growth Acquisition Corp., a Cayman Islands exempted company ("EUSG"), these warrants become exercisable 30 days after the completion of EUSG's initial business combination and expire five years after the completion of EUSG's initial business combination. EUSG anticipates that it will close its initial business combination with ads-tec Energy GmbH, based in Nurtingen and entered in the commercial register of the Stuttgart Local Court under HRB 762810, on December 22, 2021, as disclosed in the Form F-4 (No. 333-260312), as amended, filed by ads-tec Energy PLC, a public limited company incorporated in Ireland.
F2	LRT Capital1 LLC, a Delaware limited liability company (the "Sponsor"), is the record holder of these securities. The reporting person is a manager of the managing member of the Sponsor. As such, he has voting and investment discretion with respect to the securities held of record by the Sponsor and may be deemed to have shared beneficial ownership of the securities held directly by the Sponsor and disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein, directly or indirectly.

Content

As disclosed in the Form S-1 (No. 333-251888), as amended, filed by European Sustainable Growth Acquisition Corp., a Cayman Islands exempted company ("EUSG"), these warrants become exercisable 30 days after the completion of EUSG's initial business combination and expire five years after the completion of EUSG's initial business combination. EUSG anticipates that it will close its initial business combination with ads-tec Energy GmbH, based in Nurtingen and entered in the commercial register of the Stuttgart Local Court under HRB 762810, on December 22, 2021, as disclosed in the Form F-4 (No. 333-260312), as amended, filed by ads-tec Energy PLC, a public limited company incorporated in Ireland.

LRT Capital1 LLC, a Delaware limited liability company (the "Sponsor"), is the record holder of these securities. The reporting person is a manager of the managing member of the Sponsor. As such, he has voting and investment discretion with respect to the securities held of record by the Sponsor and may be deemed to have shared beneficial ownership of the securities held directly by the Sponsor and disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein, directly or indirectly.