Disclosure according to sec. 85 German Securities Trading Act and Art. 20 MAR for company Heliad Equity Partners GmbH & Co. KGaA:

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
05.07.2023	Buy	8.40 EUR	4.28 EUR	Marius Fuhrberg
15.02.2023	Buy	9.70 EUR	5.16 EUR	Marius Fuhrberg