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

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
15.09.2021	Buy	55.00 EUR	36.75 EUR	Thilo Kleibauer
31.05.2021	Buy	53.00 EUR	39.35 EUR	Thilo Kleibauer