EQS-Adhoc: Mutares has signed an agreement to sell Special Melted Products

Publication of inside information pursuant to Article 17 MAR of Regulation (EU) No. 596/2014

NOT FOR PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN OR ANY OTHER COUNTRY IN WHICH SUCH PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT DISCLAIMER AT THE END OF THIS ANNOUNCEMENT.

Mutares has signed an agreement to sell Special Melted Products

Munich, 5 May 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) (“Mutares”) today signed an agreement to sell its portfolio company Special Melted Products Ltd. (“SMP”) to Cogne Acciai Speciali S.p.A. The enterprise value of the transaction is expected to be approximately EUR 180 million. Taking into account deductible items, variable compensation and transaction costs, the company expects an inflow in the three-digit million range of up to EUR 150 million.

The transaction is still subject to merger controls and National Security and Investment Act (NSIA) approval. Mutares expects the transaction to be closed in the second quarter of 2023.

Disclaimer

This announcement is an ad hoc announcement pursuant to Art 17 Regulation (EU) No 596/2014 on market abuse. It does not constitute financial analysis or advice or recommendation relating to financial instruments, nor is this announcement an offer to buy or a solicitation of an offer to buy securities in the United States of America ("United States"), Australia, Canada, Japan or any other jurisdiction in which an offer is restricted by law.

The securities of Mutares referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration under the Securities Act or an exemption from registration under the Securities Act. Subject to certain exemptions, the securities referred to in this announcement may not be sold or offered for sale in Australia, Canada or Japan, or to or for the account or benefit of Australian, Canadian or Japanese residents. There will be no registration of the securities referred to in this announcement under the Securities Act or any applicable laws in Australia, Canada or Japan. There will be no public offering of the securities in the United States.

Certain statements in this ad hoc announcement are forward-looking statements. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial consequences of the plans and events described herein. No one undertakes any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. You should not place undue reliance on forward-looking statements, which speak only as of the date of this ad hoc announcement.

For more information:

Mutares SE & Co. KGaA
Investor Relations
Jessica Albert
Tel. +49 89 9292 7760
Email: ir@mutares.com
www.mutares.com

Press
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Tel. +49 89 1250 90330
Email: sh@crossalliance.de
www.crossalliance.de

1625083  05-May-2023 CET/CEST