Disclosure according to sec. 85 German Securities Trading Act and Art. 20 MAR for company NORMA Group 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
25.07.2022	Hold	19.00 EUR	18.50 EUR	Mustafa Hidir
08.06.2022	Buy	40.00 EUR	26.56 EUR	Mustafa Hidir