Disclosure according to sec. 85 German Securities Trading Act and Art. 20 MAR for company SAF-Holland 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
13.03.2023	Hold	13.00 EUR	11.92 EUR	Mustafa Hidir, Fabio Hölscher
30.05.2022	Buy	15.00 EUR	7.55 EUR	Mustafa Hidir