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

Companies affiliated with Warburg Research manage financial instruments, which are, or the issuers of which are, subject of the research recommendation, in a market based on the provision of buy or sell contracts.

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
10.01.2025	Buy	45.00 EUR	29.60 EUR	Andreas Wolf
19.07.2024	Buy	51.00 EUR	40.00 EUR	Andreas Wolf
11.07.2024	Buy	56.00 EUR	41.92 EUR	Andreas Wolf