Disclosure according to sec. 85 German Securities Trading Act and Art. 20 MAR for company CENTROTEC Sustainable AG:

MMWB, Warburg Research, or an affiliated company, reached an agreement with the issuer to provide investment banking and/or investment services and the relevant agreement was in force in the last 12 months or there arose for this period, based on the relevant agreement, the obligation to provide or to receive a service or compensation - provided that this disclosure does not result in the disclosure of confidential business information.

Markings in the chart show rating changes by Warburg Research GmbH in the last 12 months. Every marking details the date and closing price on the day of the rating change.

Date	Recommendation	Target Price	Close Price	Analyst
16.11.2020	Hold	17.80 EUR	17.30 EUR	Eggert Kuls
19.10.2020	Hold	17.60 EUR	16.04 EUR	Eggert Kuls
25.08.2020	Hold	14.70 EUR	14.62 EUR	Eggert Kuls
13.08.2020	Buy	17.30 EUR	15.00 EUR	Eggert Kuls
15.05.2020	Buy	15.50 EUR	11.98 EUR	Eggert Kuls
01.04.2020	Buy	15.30 EUR	11.44 EUR	Eggert Kuls