Disclosure according to sec. 85 German Securities Trading Act and Art. 20 MAR for company Koenig & Bauer 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
02.11.2022	Buy	25.00 EUR	12.80 EUR	Stefan Augustin
01.08.2022	Buy	24.00 EUR	14.80 EUR	Stefan Augustin
21.07.2022	Buy	30.00 EUR	14.98 EUR	Stefan Augustin
29.04.2022	Buy	32.00 EUR	18.94 EUR	Stefan Augustin
31.03.2022	Buy	36.00 EUR	21.40 EUR	Stefan Augustin