Daldrup & Söhne AG receives drilling order from Stadtwerke Neuruppin for the
decarbonisation of the district heating supply

EQS-News: Daldrup & Söhne AG / Key word(s): Incoming Orders
Daldrup & Söhne AG receives drilling order from Stadtwerke Neuruppin for the
decarbonisation of the district heating supply

19.12.2023 / 09:27 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Daldrup & Söhne AG receives drilling order from Stadtwerke Neuruppin for the
decarbonisation of the district heating supply

* Order volume of circa 5 mio. Euro

Oberhaching / Ascheberg, 19 December 2023 - Daldrup & Söhne AG (ISIN
DE0007830572), a drilling technology and geothermal specialist, has received
an order from Stadtwerke Neuruppin GmbH in Brandenburg to drill two
geothermal wells, each with a depth of around 2,000 metres. The project
volume amounts to around five million euros. The thermal water extracted
from the boreholes with an expected temperature of around 70C is to be fed
into the existing district heating network in combination with
high-temperature heat pumps. A thermal feed-in capacity of 76 GWh per year
is calculated. This corresponds to the supply capacity for heating around
3,000 average four-person households. The wells are to be drilled from the
2nd quarter of 2024.

North German lowlands geologically highly attractive for geothermal energy

After Stadtwerke Schwerin, Stadtwerke Hamburg and the contract in
Neustadt-Glewe, this is already the fourth district heating project for
Daldrup & Söhne AG in the North German Plain within a short space of time.
Local authorities are very interested in decarbonising their existing
district heating supply with heat from geothermal energy. Daldrup is in
negotiations with several municipalities to realise such projects.

The subsurface of the North German Plain, such as in Mecklenburg-Western
Pomerania and Brandenburg, offers cities and municipalities optimal
geological conditions for utilising geothermal energy. Advantages include
Decarbonisation of the heat supply, independence from fluctuating coal, gas
and oil prices, promotion of regional value creation.

About Daldrup & Söhne AG

Daldrup & Söhne AG (ISIN: DE0007830572, WKN: 783057) with a company history
of more than 75 years is a specialised provider of drilling and
environmental services and is positioned among the leading companies in
Germany. Its activities are divided into the business areas Geothermal,
Resources & Exploration, Water Extraction and Environment, Development &
Services (EDS). In the Geothermal Energy business sector, drilling services
are provided both for near-surface geothermal energy (especially geothermal
probes for heat pumps), but above all also drilling services for deep
geothermal energy of up to 6,000 m, in order to use the geothermal energy
thus accessible for the generation of electricity and/or heat. In the Raw
Materials and Exploration business sector, the wells drilled by Daldrup &
Söhne AG are used for exploration as well as mineral raw materials and ores
(e.g. copper and gold). This division also provides drilling services in the
context of finding a safe final repository for nuclear waste. The Water
Extraction business area includes well construction for the extraction of
drinking, industrial, medicinal, mineral, boiler feed or cooling water as
well as thermal brine. The business area Environment, Development & Services
(EDS) comprises special environmental engineering services such as the
hydraulic remediation of contaminated sites, the construction of gas
extraction wells for the extraction of landfill gas, the construction of
groundwater quality measuring points or the construction of water
purification plants.

The shares of Daldrup & Söhne AG are listed in the Scale (sub-segment of the
Open Market of the Frankfurt Stock Exchange).

Disclaimer

This publication constitutes neither an offer to sell nor a solicitation of
an offer to buy or subscribe for securities. This publication and the
information contained therein are not intended for direct or indirect
distribution in or within the United States of America ("USA"), Canada,
Australia or Japan.

Press & Investor Relations Contact

Daldrup & Söhne AG

Falk von Kriegsheim

Fon +49 (0)2593-9593-29

Fax +49 (0)2593-9593-60

Bajuwarenring 17a ir@daldrup.eu

82041 Oberhaching www.daldrup.eu


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19.12.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        Daldrup & Söhne AG
                   Bajuwarenring 17a
                   82041 Oberhaching
                   Germany
   Phone:          +49 (0) 89 / 45 24 37 920
   Fax:            -
   E-mail:         ir@daldrup.eu
   Internet:       www.daldrup.eu
   ISIN:           DE0007830572
   WKN:            783057
   Indices:        Scale 30
   Listed:         Regulated Unofficial Market in Berlin, Dusseldorf,
                   Frankfurt (Scale), Hamburg, Munich, Stuttgart,
                   Tradegate Exchange
   EQS News ID:    1799789

End of News EQS News Service
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1799789 19.12.2023 CET/CEST