Company: TGE
Filing Date: 2025-03-21
Form Type: DRS/A
Source: 0001013762-25-001106
Chunk: 77

Company: Generation Essentials Group
Filing Date: 2025-03-21
Form: DRS/A
Chunk 77
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1)Calculation of pro forma net tangible book value is set out below.

| Pro forma net tangible book value of TGE as of December 31, 2024(*)              |     | Assuming No 
 Redemptions |     | Assuming    
 50% of the  
 Maximum     
 Redemptions |     | Assuming    
 Maximum     
 Redemptions |
|:---------------------------------------------------------------------------------|:----|:------------|:----|:------------|:----|:------------|
| Pro forma outstanding shares of TGE                                              |     |             |     |             |     |             |
| Pro forma net tangible book value per share as of December 31, 2024, as adjusted |     |             |     |             |     |             |

____________ (*)For more information, please see the section entitled “ Unaudited Pro Forma Condensed Combined Financial Information.” Potential Sources of Dilution The sensitivity table below sets forth the potential additional dilutive impact of each additional source of dilution to the Black Spade II Public Shareholders’ ownership of TGE, namely (a)TGE Class A Ordinary Shares that would be issuable in aggregate upon the exercise ofTGE Warrants held by current holders of Black Spade II Private Placement Warrants andTGE Warrants held by current holders of BSII Public Warrants; (b)TGE Class A Ordinary Shares representing Earnout Shares that will be issuable if the relevant triggering events described herein occur; (c)TGE Class A Ordinary Shares that will be available for issuance under TGE’s incentive award plan immediately following the completion of the Business Combination. (each, an

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“Additional Dilution Source,” and collectively, the “Additional Dilution Sources”) based on the varying levels of redemptions by the Black Spade II Public Shareholders and the following additional assumptions. The share amounts and ownership percentages set forth above are not indicative of voting percentages.

|                                                                |     | Assuming No       
 Redemptions(1)(2) |     |   |     | Assuming          
 50% of the        
 Maximum           
 Redemptions(1)(2) |     |   |     | Assuming          
 Maximum           
 Redemptions(1)(2) |     |   |
|                                                                |     | Number            |     | % |     | Number            |     | % |     | Number            |     | % |
| TGE Class A Ordinary Shares underlying                         
 TGE Warrants                                                   |     |                   |     |   |     |                   |