Disclosure according to sec. 85 German Securities Trading Act and Art. 20 MAR for company HELLA 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
19.08.2022	Hold	67.00 EUR	70.10 EUR	Marc-René Tonn