ENCAVIS AG resolves to conduct a capital increase against cash contributions

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW.

ENCAVIS AG (Prime Standard; ISIN: DE0006095003; WKN: 609500), a producer of renewable energies listed on the MDAX of the Deutsche Börse, today resolved to increase its share capital by issuing up to 10,000,000 new no-par value bearer shares (the "New Shares") subject to the approval of the Annual General Meeting

The New Shares will be offered to investors in an accelerated bookbuilding process (the "Offering"). ENCAVIS AG intends to use the proceeds from the sale of the New Shares to expand its renewable energy portfolio in high-growth markets in Europe and the Americas.

The New Shares will be fully fungible with the existing ordinary bearer shares of ENCAVIS AG and will carry full dividend rights as of 1 January 2023, the start of the current financial year. Following completion of the Offering, the share capital of ENCAVIS AG will increase from EUR 100,000,000 to EUR 110,000,000. The New Shares are expected to be listed on the regulated market (Prime Standard) of the Frankfurt Stock Exchange. The offering price will be published as soon as it is available.

JEFFERIES and ODDO BHF have been appointed as Joint Bookrunners for the Offering. BENCHMARK Corporate Finance AG will act as Financial Advisor.

Further details of the Offering will be announced in due course.

Important Notice:

This publication may not be published, distributed or disseminated, directly or indirectly, in or into the United States, Canada, Australia or Japan or any other jurisdiction in which offers or sales would be prohibited by applicable law.

This publication constitutes neither an offer to sell nor a solicitation to buy securities. The securities referred to herein may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). Any securities referred to herein have not been and will not be registered under the Securities Act, or the securities laws of any state or other jurisdiction of the United States. No offering of securities shall be made in the United States except pursuant to an effective registration statement filed with the United States Securities and Exchange Commission or pursuant to an available exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.

In addition, this publication may not be distributed or published in any other jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction.