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
17.03.2023	Buy	59.00 EUR	39.94 EUR	Andreas Wolf
12.08.2022	Buy	56.00 EUR	44.62 EUR	Andreas Wolf
16.05.2022	Buy	65.00 EUR	40.81 EUR	Andreas Wolf