Procaps Group Provides Notice To Shareholders; Says On Saturday, January 13, 2024, That The Online Voting Instructions Related To The Upcoming General Meeting Of Shareholders Of The Company Scheduled For January 22, 2024, Were Incorrect

Dear Shareholders,

We became aware on Saturday, January 13, 2024, that the online voting instructions related to the upcoming General Meeting of Shareholders of the Company scheduled for January 22, 2024, were incorrect. Notwithstanding the Company's diligent review of all relevant materials, a third party unilaterally included on the online version an inaccurate statement that the Board of Directors of the Company had recommended a vote in favor of the proposals to be voted on. We are currently investigating the reason for such erroneous inclusion and have requested a correction of all inaccurate statements.

We are discussing next steps with Company's counsel but wanted all shareholders of the Company to be aware that the Board of Directors HAS NEVER recommended that the shareholders vote "for" any of the items in the agenda.

Sincerely,

Procaps Group, S.A.