Grenke AG (XTRA:GLJ) commences share repurchases on February 12, 2024, under the program mandated by the shareholders in the Annual General Meeting held on August 6, 2020. As per the mandate, the company is authorized to repurchase up to its own shares such that, at no time its holding in own shares represent more than 10% of its issued share capital. The repurchases will be made either on the stock exchange or through a public offer to all shareholders or a public invitation to make a purchase offer.

If the shares are acquired on the stock exchange, the consideration paid by the company for each share (excluding ancillary purchase costs) must not be 10% higher or lower than the average closing price per share of GRENKELEASING AG in Xetra trading on the Frankfurt Stock Exchange (or an equivalent successor system) during the last three trading days before the conclusion of the obligating transaction. If the shares are acquired by way of a public purchase offer or a public invitation to make a purchase offer, the purchase price offered or the thresholds of the price range for each share (excluding ancillary purchase costs) must not be 20% higher or lower than the average closing price in Xetra trading (or a comparable successor system) on the last three trading days prior to the publication date of the offer or the invitation to make a purchase offer. If there are significant variations in the relevant price after the publication of a purchase offer or a public invitation to make a purchase offer, the offer or the invitation to make a purchase offer may be amended.

In this case, the price is based on the closing price in Xetra trading (or a comparable successor system) on the trading day prior to the date of publication of any amendment. If the purchase offer is oversubscribed, offers may be accepted on a quota basis. The plan is valid till August 5, 2025.