PRESS RELEASE : SUSE: SUSE plans initial public -2-

Environmental, Social and Governance ("ESG") values are central to SUSE's business, future growth, and ambitions 
SUSE is a purpose-driven organization that is grounded in the open source ethos of openness, accessibility, and 
collaboration. Its Environmental, Social and Governance values build upon this ethos with a focus on the following: 
leveraging open source for good, climate action, diversity and inclusion, digital inclusion, and philanthropy. 
SUSE's open source software goes beyond serving its customers. It is a pioneer of open source software, making 
innovation freely available to anyone. Its solutions also power universities and virtual learning, support vaccines 
getting to market and facilitates insights that mitigate climate change. For instance, at the start of the COVID-19 
pandemic, SUSE offered free operating systems and container management technologies to medical device manufacturers, 
accelerating their time to market. 
The Company is dedicated to tackling climate change, for example through offsetting its greenhouse gas emissions and 
launching the SUSE Forest initiative, which is expected to have planted over 200,000 trees by end of 2021. It also 
recognises the importance of building a diverse and inclusive workforce, which it aims to achieve through employee 
engagement programmes, gender diversity efforts, and training and mental health support. SUSE actively works to bridge 
the tech skills gap, for example by funding 300 Udacity scholarships, 100 of which are to be granted to women of 
colour. 
Building on strong foundations to outgrow a large, high growth addressable market 
Since the carve-out from Micro Focus, SUSE has laid the foundations for rapid growth acceleration, starting with the 
reinforcement of the Company management team, which included the hiring of CEO Melissa Di Donato and several 
high-profile managers. It also invested heavily in its marketing function and fundamentally upgraded its go-to-market 
strategy, creating a globally scaled, multi-channel platform. Most recently, SUSE's acquisition of Rancher has further 
accelerated growth, propelling SUSE into a leadership position in the highly dynamic container management platform 
space. The Rancher acquisition is a prime example of SUSE's unique opportunity to leverage its globally scaled platform 
for acquisitions. 
Against this backdrop, SUSE is ideally positioned to fully capture its long-term growth potential, leveraging 
additional organic and inorganic levers to further accelerate growth. It is best positioned to outgrow its addressable 
markets, with outperformance that will be driven by continued growth in underserved markets, further extending the 
highly attractive partnerships with strategic partners such as cloud service providers, driving commercial excellence, 
continuing to lever top-line synergies from Rancher, and by expanding its Edge offering. 
Exceptional financial profile characterized by fast growing, recurring revenues at scale, strong customer economics, as 
well as superior profitability and cash generation 
In FY2020, SUSE recorded 19%^[4] growth in Annual Contract Value ("ACV") year-on-year and for the quarter ending 
January 31, 2021, ACV growth has further accelerated to 27%^[5] year-on-year. Expansion of its existing customer base 
is a significant contributor to this growth - as of January 31, 2021, SUSE has recorded a net retention rate of 109% 
for SUSE (excluding Rancher) and 125% for Rancher. 
In FY2020, ending October 31, 2020, SUSE recorded adjusted revenues of USD503 million^[6], an increase of 17%^6 
year-on-year, with a gross profit margin of 94%^[7]. This strong revenue growth has continued into 2021 with revenues 
increasing 17%^[8] year-on-year to USD134 million^8 for the quarter ending January 31. SUSE's scalable infrastructure 
platform, go-to-market approach and efficient R&D model also drives superior profitability, with an Adjusted Cash 
EBITDA Margin of 40%^7 and a Cash Conversion of 76%^7 for the fiscal year ending October 31, 2020. 
The Offering will include newly issued shares targeting net proceeds of approximately USD500 million (corresponding to 
approximately EUR420 million at an assumed exchange rate of EUR 1 to USD 1.19) to repay existing financial indebtedness, 
as well as secondary shares from existing shareholders; additional new shares to be issued in relation to the 
settlement of an employee incentive scheme. The primary proceeds will allow SUSE to reduce leverage to 3.25x Net Debt / 
LTM Jan-21 Adjusted Cash EBITDA. 
BofA Securities and Morgan Stanley are acting as Joint Global Coordinators and Joint Bookrunners, with Deutsche Bank, 
Goldman Sachs, Jefferies and J.P. Morgan supporting the transaction as Joint Bookrunners. 
About SUSE 
SUSE is a global leader in innovative, reliable and enterprise-grade open source solutions. It specializes in 
Enterprise Linux, Kubernetes Management, and Edge solutions, and collaborates with partners and communities to empower 
customers to innovate everywhere - from the data center, to the cloud, to the edge and beyond. SUSE puts the "open" 
back in open source, giving customers the agility to tackle innovation challenges today and the freedom to evolve their 
strategy and solutions tomorrow. For more information, visit www.suse.com. 
About EQT 
EQT is a purpose-driven global investment organization focused on active ownership strategies. With a Nordic heritage 
and a global mindset, EQT has a track record of almost three decades of delivering consistent and attractive returns 
across multiple geographies, sectors and strategies. Uniquely, EQT is the only large private markets firm in the world 
with investment strategies covering all phases of a business' development, from start-up to maturity. Including Exeter, 
EQT today has more than EUR 67 billion in assets under management across 26 active funds within two business segments - 
Private Capital and Real Assets. 
With its roots in the Wallenberg family's entrepreneurial mindset and philosophy of long-term ownership, EQT is guided 
by a set of strong values and a distinct corporate culture. EQT manages and advises funds and vehicles that invest 
across the world with the mission to future-proof companies, generate attractive returns and make a positive impact 
with everything EQT does. 
The EQT AB Group comprises EQT AB (publ) and its direct and indirect subsidiaries, which include general partners and 
fund managers of EQT funds as well as entities advising EQT funds. EQT has offices across Europe, Asia-Pacific and the 
Americas with more than 975 employees. 
More info: www.eqtgroup.com 
Contacts 
Jonathan Atack Harald Kinzler 
Investor Relations, Kekst CNC 
Phone: [phone] 
Email: [e-mail] 
Harald Kinzler 
Kekst CNC 
Phone: [phone] 
Email: [e-mail] 
Information relating to financial terms 
This announcement includes certain financial measures that are not presented in accordance with IFRS or any other 
internationally accepted accounting principles. 
Annual Contract Value ("ACV"): this represents the first 12 months monetary value of a contract. If total contract 
duration is less than 12 months, 100% of invoicing is included in ACV. 
Adjusted EBITDA: represents earnings before net finance costs, share of loss of associate and tax, adjusted for 
depreciation and amortization, share based payments, fair value adjustment to deferred revenue, statutory separately 
reported items, specific non-recurring items and net unrealized foreign exchange (gains)/losses. 
Adjusted Cash EBITDA: represents Adjusted EBITDA plus changes in contract liabilities in the related period and is 
shown in the Prospectus and excludes the impact of contract liabilities - deferred revenue haircut. 
Adjusted Unlevered Free Cash Flow: represents Adjusted Cash EBITDA less capital expenditure related cash outflow, 
working capital movements (excluding deferred revenue, which is factored into Adjusted Cash EBITDA, and non-recurring 
items), cash taxes and the reversal of non-cash accounting adjustments relating to IFRS 15 and IFRS 16. 
Cash Conversion: expressed as a percentage, this represents Adjusted Unlevered Free Cash Flow divided by Adjusted 
EBITDA 
Net Retention Rate: expressed as a percentage, it indicates the proportion of annual recurring revenue (the sum of the 
monthly contractual value for subscriptions and recurring elements of contracts in a given period, multiplied by 12) 
that has been retained over the prior 12 month period, which is inclusive of up-sell, cross-sell, down-sell, churn and 
pricing. It excludes annual recurring revenue from net new logo End User customers. The net retention rate is 
calculated three months in arrears, aligned to the Company's calculation of its annual recurring revenue. 
DISCLAIMER 
These materials may not be published, distributed or transmitted in the United States, Canada, Australia or Japan. 
These materials do not constitute an offer of securities for sale or a solicitation of an offer to purchase securities 
(the "Securities") of Marcel LUX IV SARL (the "Company") in the United States, Australia, Canada, Japan or any other 
jurisdiction in which such offer or solicitation is unlawful. The Securities of the Company may not be offered or sold 
in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as 
amended (the "Securities Act"). There will be no public offering of the securities in the United States. The Securities 
of the Company have not been, and will not be, registered under the Securities Act. The securities referred to herein 
may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, 
resident or citizen of Australia, Canada or Japan subject to certain exceptions. 
The contents of this announcement have been prepared by and are the sole responsibility of Marcel LUX IV SARL. The 
information contained in this announcement is for background purposes only and does not purport to be full or complete. 

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April 26, 2021 01:30 ET (05:30 GMT)