PALO · Paloma Acquisition Corp I

As described in the Issuer's registration statement on Form S-1 (File No. 333-293083) (the "Registration Statement") under the heading "Description of Securities", the Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustments described therein and have no expiration date.

200,000 Class B ordinary shares were forfeited to the Issuer by Paloma Capital Group LLC (the "Sponsor") at no cost, in connection with the expiration of the remaining portion of the underwriters' over-allotment option as described in the Registration Statement.

Anna Maria Staples is the manager of the Sponsor, and as such, has voting and investment discretion with respect to, and may be deemed to have beneficial ownership of, the securities held by the Sponsor. Ms. Staples disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.

As described in the Issuer's registration statement on Form S-1 (File No. 333-293083) (the "Registration Statement") under the heading "Description of Securities", the Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustments described therein and have no expiration date.

200,000 Class B ordinary shares were forfeited to the Issuer by Paloma Capital Group LLC (the "Sponsor") at no cost, in connection with the expiration of the remaining portion of the underwriters' over-allotment option as described in the Registration Statement.

The Sponsor is the record holder of such securities. Anna Maria Staples is the manager of the Sponsor, and as such, has voting and investment discretion with respect to, and may be deemed to have beneficial ownership of, the securities held by the Sponsor. Ms. Staples disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.

Simultaneously with the consummation of Paloma Acquisition Corp I's (the "Issuer") initial public offering, Paloma Capital Group LLC (the "Sponsor") acquired, at a price of $10.00 per unit, 350,000 units (the "Private Placement Units") in a private placement for an aggregate purchase price of $3,500,000. On February 23, 2026, Jefferies LLC, the underwriters, of the Issuer's initial public offering notified the Issuer of the partial exercise of the over-allotment option, and the over-allotment option closed on February 25, 2026. Simultaneously with the closing of the over-allotment option, the Sponsor acquired, at a price of $10.00 per unit, 14,500 Private Placement Units in a private placement for an aggregate purchase price of $145,000. The reported shares are the 14,500 ordinary shares included in such Private Placement Units.

Ms. Staples is the manager of the Sponsor and holds voting and investment discretion with respect to the securities held of record by the Sponsor. Ms. Staples disclaims any beneficial ownership of the securities held by the Sponsor other than to the extent of any pecuniary interest she may have therein.

Simultaneously with the consummation of Paloma Acquisition Corp I's (the "Issuer") initial public offering, Paloma Capital Group LLC (the "Sponsor") acquired, at a price of $10.00 per unit, 350,000 units (the "Private Placement Units") in a private placement for an aggregate purchase price of $3,500,000. On February 23, 2026, Jefferies LLC, the underwriters, of the Issuer's initial public offering notified the Issuer of the partial exercise of the over-allotment option, and the over-allotment option closed on February 25, 2026. Simultaneously with the closing of the over-allotment option, the Sponsor acquired, at a price of $10.00 per unit, 14,500 Private Placement Units in a private placement for an aggregate purchase price of $145,000. The reported shares are the 14,500 ordinary shares included in such Private Placement Units.

Anna Maria Staples is the manager of the Sponsor and holds voting and investment discretion with respect to the securities held of record by the Sponsor. Ms. Staples disclaims any beneficial ownership of the securities held by the Sponsor other than to the extent of any pecuniary interest she may have therein.

Simultaneously with the consummation of the Issuer's initial public offering, Paloma Capital Group LLC (the "Sponsor") acquired, at a price of $10.00 per unit, 350,000 units (the "Private Placement Units") in a private placement for an aggregate purchase price of $3,500,000. Each Private Placement Unit consists of one Class A ordinary share and one-half of one redeemable warrant. The reported shares are the 350,000 Class A ordinary shares included in such Private Placement Units.

Anna Maria Staples is the manager of the Sponsor and holds voting and investment discretion with respect to the securities held of record by the Sponsor. Ms. Staples disclaims any beneficial ownership of the securities held by the Sponsor other than to the extent of any pecuniary interest she may have therein.

Simultaneously with the consummation of the Issuer's initial public offering, Paloma Capital Group LLC (the "Sponsor") acquired, at a price of $10.00 per unit, 350,000 units (the "Private Placement Units") in a private placement for an aggregate purchase price of $3,500,000. Each Private Placement Unit consists of one Class A ordinary share and one-half of one redeemable warrant. The reported shares are the 350,000 Class A ordinary shares included in such Private Placement Units.

Anna Maria Staples is the manager of the Sponsor and holds voting and investment discretion with respect to the securities held of record by the Sponsor. Ms. Staples disclaims any beneficial ownership of the securities held by the Sponsor other than to the extent of any pecuniary interest she may have therein.