On a corporate action affecting ordinary shares of Stem, Inc. (STEM)

On February 13, 2025, Stem, Inc. announced a reverse stock split at a ratio of 1-for-10 up to a ratio of 1-for-20 to be effective if stockholders approve it on the Annual Meeting of Stockholders to be held on June 4, 2025. For more details, please, refer to the company’s website.

ITS Ltd. will publish separate notices on the procedures undertaken by ITS Ltd. to process this corporate action outlining how trading in these qualified investments will be carried out.