Disclosure according to sec. 85 German Securities Trading Act and Art. 20 MAR for company innogy SE:

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
23.05.2018	Hold	37.00 EUR	35.91 EUR	Arash Roshan Zamir
20.12.2017	Hold	42.00 EUR	32.64 EUR	Arash Roshan Zamir