Disclosure according to sec. 85 German Securities Trading Act and Art. 20 MAR for company Veganz Group AG:

Companies affiliated with Warburg Research manage financial instruments, which are, or the issuers of which are, subject of the research recommendation, in a market based on the provision of buy or sell contracts.

The company compiling the analysis or an affiliated company had reached an agreement on the compilation of the research recommendation with the analysed company.

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
17.03.2023	Buy	33.00 EUR	12.15 EUR	Oliver Schwarz, Jan Bauer
30.09.2022	Buy	33.00 EUR	16.40 EUR	Oliver Schwarz, Jan Bauer
01.06.2022	Buy	61.00 EUR	17.40 EUR	Oliver Schwarz, Jan Bauer
27.05.2022	Buy	59.00 EUR	18.40 EUR	Oliver Schwarz, Jan Bauer