Disclosure according to sec. 85 German Securities Trading Act and Art. 20 MAR for company TAG Immobilien 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
20.11.2024	Hold	14.80 EUR	14.75 EUR	Simon Stippig
23.05.2024	Hold	14.40 EUR	14.87 EUR	Simon Stippig