Netfonds : 14.11.2024 - Subsidiary of Netfonds AG plans acquisition of another fund initiator. The transaction is to be financed through the issue of a corporate bond by Netfonds AG

Publication of inside information in accordance with Article 17 of Regulation (EU) No 596/2014

NOT FOR DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA AND JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR IN WHICH THE OFFERING OF SECURITIES IS SUBJECT TO REGULATORY RESTRICTIONS. THERE ARE FURTHER RESTRICTIONS. PLEASE REFER TO THE IMPORTANT NOTES AT THE END OF THIS PUBLICATION.

Subsidiary of Netfonds AG plans acquisition of another fund initiator. The transaction is to be financed through the issue of a corporate bond by Netfonds AG

Hamburg, 14 November 2024 - The subsidiary of Netfonds AG ( ISIN: DE000A1MME74), the fund initiator GSR GmbH, today signed a letter of intent (LoI) to acquire 100 percent of the shares in another fund initiator. The acquisition is expected to increase the fund volume managed by GSR by more than EUR 100 million to around EUR 440 million. The purchase price is in the mid single-digit million range. With this planned acquisition, the Hamburg-based Netfonds Group is consistently pursuing its growth strategy by acquiring investment fund and insurance portfolios.

To finance these and other transactions, Netfonds AG plans to issue an unsecured, fixed-interestcorporate bond with a volume in the low to mid double-digitmillion euro range and a standard market interest rate at the time of issue.

The bond is to be placed on the basis of a securities prospectus to be approved by the financial supervisory authority in Luxembourg (Commission de Surveillance du Secteur Financier - CSSF) by way of a public offer and a private placement to institutional investors. It is planned to admit the bond to trading on the Quotation Board of the Frankfurt Stock Exchange. The realisation of the bond transaction is subject to suitable market conditions, which Netfonds AG is examining.

Important notes:

This announcement is an ad hoc announcement pursuant to Art. 17 Regulation (EU) No 596/2014 on market abuse. It does not constitute financial analysis or advice or a recommendation relating to financial instruments, nor is this Announcement of an offer to purchase or a solicitation of an offer to purchase securities of Netfonds AG, neither in Germany or Luxembourg, nor in the United States of America ("United States"), Australia, Canada, Japan or other jurisdictions in which an offer is subject to legal restrictions.

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The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration under the Securities Act or an exemption from registration under the Securities Act.

Subject to certain exceptions, the securities referred to in this announcement may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, Australian, Canadian or Japanese residents. There will be no registration of the securities referred to in this announcement under the Securities Act or any applicable securities laws of Australia, Canada or Japan. There will be no public offering of securities in the United States.

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Further information on the Netfonds Group and its affiliated subsidiaries can be found at www.netfonds.de.

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Contact

Netfonds AG

Heidenkampsweg 73

20097 Hamburg

Germany

Investor Relations

Philip Angrabeit

Phone: [phone]

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About the Netfonds Group

The Netfonds Group is a leading platform for administration, consulting and regulation for the German financial industry. Under the finfire brand, the company provides its customers and partners with a cloud-based technology platform for the complete processing and administration of business transactions. Netfonds' customers thus benefit from one of the most modern software solutions on the market, which significantly simplifies the advisory process, makes it secure and enables target group-specific advice. The shares of Netfonds AG are listed in the m:access segment of the Munich Stock Exchange and can be traded via XETRA.

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