Init innovation in traffic : Shareholders' rights

Rights of shareholders

Motions for amendments to the agenda according to Article 56 SE regulation, Section 50

(2) SE Implementation Act, Section 122 (2) AktG

Shareholders whose shares amount in aggregate to one twentieth of the capital stock or a proportionate amount of capital stock of EUR 500,000 when the motion is made, may request that items are added to the agenda and announced.

An explanatory statement or proposed resolution must be submitted with each new agenda item. The request has to be directed in writing to the Managing Board of init SE and must be received by the company by 6 May 2024, 24:00 (CEST) at the latest. Please send such requests to the following address:

Managing Board

init innovation in traffic systems SE Kaeppelestrasse 4 - 10

76131 Karlsruhe

Amendments to the agenda that are required to be announced are published in the Bundesanzeiger [German Federal Gazette] immediately upon receipt of the motion, unless they have already been announced upon convening the Shareholders' Meeting. In addition, they will be published online on the Investor Relations/Shareholders' Meeting section of the www.initse.com website and announced to the shareholders.

Shareholders' motions and nominations according to Sections 126 (1), 127 AktG

Shareholders' motions against a proposal of management regarding a certain agenda item according to Sec. 126 (1) AktG and proposals for the election of members of the Supervisory Board or auditors according to Section 127 AktG are to be exclusively addressed to:

init innovation in traffic systems SE Investor Relations Kaeppelestrasse 4 - 10

76131 Karlsruhe Email: [e-mail]

Shareholders' motions regarding agenda items and nominations for members of the Supervisory Board or auditors, including explanatory statements, which have been received by the company at the above mentioned address no later than 14 days prior to the Shareholders' Meeting, i.e. by 22 May 2024, 24:00 (CEST), will be published in the Investor Relations/Shareholders' Meeting section at www.initse.com immediately after receipt. Motions sent to other addresses will not be

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Rights of shareholders

considered. Any statements by the management on the motions are also published under the mentioned internet address.

The company may refrain from publishing a countermotion and the relating explanatory statement if one of the reasons according to Section 126 (2) Sentence 1 No. 1 to 7 AktG applies, for instance because the countermotion would lead to a resolution of the Shareholders' Meeting that is against the law or contrary to the articles of incorporation. An explanatory statement attached to a countermotion does not have to be made accessible if it contains more than 5,000 characters. Except for the cases specified in Sec. 126 (2) AktG, the Managing Board does not need to make shareholders' election proposals accessible, even if they do not contain the information according to Section 124 (3) AktG (name, professional occupation and place of residence, in the case of audit firms name and registered office).

Right to information pursuant to Section 131 (1) AktG

According to Section 131 (1) AktG, each shareholder has a right to obtain information about the company's affairs from the Managing Board upon request, where such information is needed to make a due appraisal of an item on the agenda. The duty to provide this information extends to the legal and business relationships that the company maintains with its affiliated companies. Moreover, the duty of the Managing Board to provide information also extends to the situation of the group and the entities included in the consolidated financial statements, where such information is needed to make a due appraisal of an item on the agenda.

The Managing Board is relieved from this duty with regard to answering individual questions for the reasons laid out in Section 131 (3) AktG, such as when disclosing such information would, from the perspective of a prudent businessman, put the company or its affiliated companies at the risk of suffering a not insignificant disadvantage.

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