Mutares successfully completes pre-placement for capital increase – well oversubscribed with strong international investor interest

  • Pre-placement of EUR 26.4 million successfully completed – Order book almost three times oversubscribed
  • High-quality investor base: Focus on long-term (“long-only”) investors
  • Strong international interest: Over 60% of demand from abroad, particularly from the U.S. and the United Kingdom

Munich, April 2, 2026 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the pre-placement as part of the announced capital increase totaling approximately EUR 105 million. The pre-placement comprised a volume of EUR 26.4 million.

The order book was well oversubscribed: Overall, demand was almost three times the offered volume, driven by over 30 investors. Of particular note is the high quality of the demand – allocations were skewed to long-only investors as well as to investors who had signaled substantial interest in the offering at an early stage.

The geographic distribution underscores the increasing internationalization of the investor base: More than 60% of the demand came from international investors outside Germany, particularly from the U.S. and the United Kingdom.

With the successful completion of the pre-placement, Mutares is sending a clear signal of the capital market’s confidence in its growth strategy and is laying a solid foundation for the implementation of the next phase of expansion, particularly in the U.S. and other international markets.

Johannes Laumann, CIO of Mutares, comments: “The very strong demand and significant oversubscription of the pre-placement are a clear sign of the capital market’s confidence in our growth strategy. Particularly encouraging is the high quality and international nature of our investor base, which actively supports our consistent expansion, especially in the U.S. With the funds raised, we are laying the groundwork to accelerate our dynamic expansion strategy and deliver sustainable value growth for our shareholders.”

DISCLAIMER AND IMPORTANT NOTICE

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This publication constitutes neither an offer to sell nor a solicitation to buy shares of the Company. A public offering of the New Shares in the Subscription Tranche in Germany will be made solely on the basis of the document prepared in the German language pursuant to the prospectus exemption under Article 1(4), first subparagraph, point (db)(iii) and Article 1(5), first subparagraph, point (ba)(iii) in conjunction with Annex IX of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 (the “Prospectus Regulation”) of the Company (the “Annex IX Document”), which will be filed in electronic form with the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – “BaFin“) and is expected to published on 2 April 2026 on the Company’s website (ir.mutares.com) under the “Share—Capital Increase 2026” section. An approval of the Annex IX Document by BaFin is neither required nor has it been obtained. Shareholders and investors are advised to carefully read the Annex IX Document before making any decision regarding the exercise, acquisition or sale of subscription rights and, in particular, to consider the risks described in the section entitled “Risk Factors” when making their investment decision. In light of the currently high volatility of share prices and the market environment, shareholders should also inform themselves of the stock exchange price of the Company’s shares before exercising any subscription rights at the subscription price. The Annex IX Document is available. It is also recommended that investors read the financial reports available on the Company’s website (https://ir.mutares.com/en/publications/), including the Company’s annual financial statements for the financial year 2024, as well as the other information available on the Company’s website, and take such information into account in their investment decision, including with respect to risks.

No prospectus has been or will be prepared in connection with the offering of the New Shares. An investment decision regarding the subscription rights and/or the New Shares should only be made on the basis of the Annex IX Document and the publicly available information on the Company.

In the member states of the European Economic Area other than Germany, this publication is only addressed to persons who are “qualified investors” within the meaning of Article 2(e) of the EU Prospectus Regulation.

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This publication does not constitute an offer of securities for sale in the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”). The securities may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the Securities Act. There will be no public offering of these securities in the United States.

Cantor Fitzgerald Ireland Limited, B. Metzler seel. Sohn & Co. Aktiengesellschaft and Stifel Europe Securities SAS (together the “Underwriters”) are acting exclusively for the Company and for no one else in connection with the offering of the New Shares (the “Offering”). In connection with the Offering, the Underwriters will not regard anyone else as their client and will not be responsible to anyone other than the Company for providing them with the protections they provide to their clients or for providing advice in connection with the Offering, the contents of this announcement or any other transaction, arrangement or other matter referred to in this announcement.

Certain statements contained in this release may constitute “forward-looking statements”. These forward-looking statements are based on the current views, expectations, assumptions and information of the Company’s management. Forward-looking statements are not guarantees of future performance and involve known and unknown risks and uncertainties. Due to various factors, actual future results, developments and events may differ materially from those described in these statements; neither the Company nor any other person assumes any responsibility whatsoever for the accuracy of the opinions contained in this release or the underlying assumptions. The Company assumes no obligation to update any forward-looking statements contained in this release. Furthermore, it should be noted that all forward-looking statements speak only as of the date of this publication and that neither the Company nor the Underwriters undertake any obligation, except as required by law, to update any forward-looking statements or to conform such statements to actual events or developments.

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THIS DOCUMENT IS NOT A PROSPECTUS BUT AN ADVERTISEMENT. INVESTORS SHOULD SUBSCRIBE FOR OR PURCHASE THE SHARES REFERRED TO IN THIS DOCUMENT SOLELY ON THE BASIS OF THE INFORMATION CONTAINED IN THE ANNEX IX DOCUMENT.