Michael Gregory O'Hara - 19 Nov 2024 Form 4 Insider Report for Global Business Travel Group, Inc. (GBTG)

Footnote F1

On November 19, 2024, pursuant to a pro rata distribution transaction between Certares Master, LP ("Certares"), on the one hand, and all of its limited partners, on the other hand (the "Distribution Deed"), Certares distributed to its limited partners the interests in the Issuer and GBT JerseyCo Limited ("JerseyCo").

Footnote F2

Reflects securities held directly by PecosCo Limited Partnership, HMC Juweel Holdings, LP, Certares Sponsor Investor (Delaware) LLC, the 2014 O'Hara Family Trust and Clementine Investments LLC. Certares Sponsor Investor (Delaware) LLC is controlled by its largest common shareholder, Certares Travel Holdings, LP. Certares Management Limited is the General Partner of each of PecosCo Limited Partnership, HMC Juweel Holdings, LP and Certares Travel Holdings, LP. Messrs. Michael Gregory O'Hara, Henry Briance and Spencer Marsden are the directors of Certares Management Limited and as such may be deemed to have voting and dispositive control of the securities held of record by PecosCo Limited Partnership, HMC Juweel Holdings, LP and Certares Travel Holdings, LP.

Footnote F3

Due to a 1,000 character limit, Footnote 3 is a continuation of Footnote 2: Mr. Spencer Marsden is the trustee of the 2014 O'Hara Family Trust and as such may be deemed to have voting and dispositive control of the securities held of record by the 2014 O'Hara Family Trust. Clementine Investments LLC is managed by Clementine Holdings Limited, which is ultimately owned by Mr. Michael Gregory O'Hara.

Footnote F4

The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, the Reporting Person states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.

Footnote F5

Pursuant to the business combination agreement dated as of December 2, 2021 (as subsequently amended on July 10, 2023) between the Issuer and JerseyCo, if at any time during the five years following May 27, 2022, the dollar volume-weighted average price of the Issuer's Class A Common Stock (the "Class A Common Stock") is, for any 20 trading days within a period of 30 consecutive trading days, greater than or equal to (i) $12.50, then one-half of the number of C Ordinary Shares of JerseyCo (the "C Ordinary Shares") reported herein shall automatically and without further action on the part of any person be converted and re-designated into an equal number of Class A Common Stock; or (ii) $15.00, then the remaining C Ordinary Shares reported herein shall automatically and without further action on the part of any person be converted and re-designated into an equal number of Class A Common Stock.