Mutares SE & Co. KGaA has decided to increase its EUR 100 million bond issued in March 2023 with maturity on 31 March 2027 (ISIN: NO0012530965) and tapped by EUR 50 million in May 2023 ("Bond") through an optional Tap Issue by an amount of EUR 100 million ("Tap Issue"). The amount of the Tap Issue has been successfully placed with institutional investors.

The Management Board of Mutares had decided to further increase the bond, given the opportunities on the buy-side and optimal market conditions. The strategic move is based on Mutares' excellent positioning with a very robust and attractive pipeline in all regions. In particular, the Chinese market for buy-side transactions has developed very promisingly and very quickly.

The successful placement of the increase in the bond reflects investors' confidence in Mutares' long-term growth strategy and sustainable success. This was also recently reflected in the positive development of the share price. The net proceeds from the tap issue will enable Mutares to take maximum advantage of the opportunities that arise on the buy-side.

Specifically, Mutares expects to make between 10 and 15 acquisitions this year. A large number of projects in all regions, particularly in China, are currently being examined in detail. The entire acquisition pipeline has grown to a current total sales volume of ca.

EUR 18 billion. This forms the basis for achieving the ambitious targets that Mutares has formulated with an increase in Group revenues to approx. EUR 7.0 billion by 2025 and approx.

EUR 10.0 billion by 2028. Accordingly, net income in the holding company is expected to be in the range of EUR 125 million to EUR 150 million for the fiscal year 2025 and EUR 200 million for the fiscal year 2028.