Daldrup & Söhne AG receives order to revise existing boreholes at the
Kirchweidach geothermal power plant

EQS-News: Daldrup & Söhne AG / Key word(s): Incoming Orders
Daldrup & Söhne AG receives order to revise existing boreholes at the
Kirchweidach geothermal power plant

08.01.2024 / 13:13 CET/CEST
The issuer is solely responsible for the content of this announcement.

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CORPORATE NEWS

Daldrup & Söhne AG receives order to revise existing boreholes at the
Kirchweidach geothermal power plant

* Order volume of circa 3 mio. Euro

Oberhaching / Ascheberg, January 8, 2024 - Daldrup & Söhne AG (ISIN
DE0007830572), drilling technology and geothermal specialist, has been
awarded a contract by Geoenergie Kirchweidach GmbH, Regensburg, for the
revision of the existing, approximately 5,000 m long 'Kirchweidach Gt2a'
borehole in the district of Altötting. The project volume of the general
contractor agreement amounts to around three million euros. The overhaul is
intended to secure and expand the available output of the deep geothermal
combined heat and power plant, which has been in operation since 2011. In
addition to the revision of the boreholes, the contract for Daldrup und
Söhne AG also includes the detailed planning services scheduled for
mid-2024. Work on the borehole is scheduled for completion in spring 2025.
With the maintenance work, the client is ensuring the long-term value
retention of the boreholes and thus the power plant output.

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) and part of the Scale30 Index.

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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08.01.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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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:    1810291

End of News EQS News Service
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1810291 08.01.2024 CET/CEST