SMG European Recovery SPAC SE at its annual general meeting to be held on July 21, 2023, announced acknowledgement of the resignation of Mr. George Aase as member of the Management Board with effect as of the date of this annual general meeting and acknowledgement of the resignation of Mr. Paul Johnson as member of the Supervisory Board with effect as of the date of this annual general meeting and decision to appoint Mr. George Aase as member of the Supervisory Board with effect as of the date of this annual general meeting and for a period ending at the annual general meeting of shareholders of the Company to be held in 2024.