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
11.04.2025	Buy	24.00 EUR	9.73 EUR	Marc-René Tonn