VARTA AG: VARTA AG in talks with Porsche about investment in V4Drive
business

EQS-Ad-hoc: VARTA AG / Key word(s): Investment
VARTA AG: VARTA AG in talks with Porsche about investment in V4Drive
business

04-Jul-2024 / 23:00 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

VARTA AG, Ellwangen, ISIN: DE000A0TGJ55


Release of inside information pursuant to Article 17 of Regulation (EU) No
596/2014

VARTA AG in talks with Porsche about investment in V4Drive business

Ellwangen, July 4, 2024

VARTA AG is currently in negotiations with Dr. Ing. h.c. F. Porsche AG
('Porsche') regarding a possible investment by Porsche in the business unit
for large-format lithium-ion round cells (V4Drive) by means of a majority
shareholding in V4Drive Battery GmbH, a wholly-owned subsidiary of VARTA AG.
VARTA AG and Porsche have already entered into a non-binding term sheet and
the parties are in the first phase of agreeing on the documentation for such
a transaction. In the run-up to the implementation of Porsche's investment,
it is planned in a first step to transfer VARTA's V4Drive business to
V4Drive Battery GmbH and then to have Porsche participate via a capital
increase. Whether Porsche will actually make a corresponding investment
depends on various factors, including the successful completion of a due
diligence review currently being carried out by Porsche and the approval of
certain stakeholders of the VARTA Group. Whether Porsche will carry out an
investment is currently still open.

The ongoing process of updating the existing IDW-S6 expert opinion and
possible adjustments or further restructuring and subsequent financing
measures communicated on April 11, 2024 has not yet been completed. The
company is still in the process of developing options with regard to
potential recapitalization and financing measures.

* * *


End of Inside Information

---------------------------------------------------------------------------

04-Jul-2024 CET/CEST The EQS Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

---------------------------------------------------------------------------

   Language:       English
   Company:        VARTA AG
                   VARTA-Platz 1
                   73479 Ellwangen
                   Germany
   Phone:          +49 (0)791-921-0
   E-mail:         info@varta-ag.com
   Internet:       www.varta-ag.com
   ISIN:           DE000A0TGJ55
   WKN:            A0TGJ5
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1940081

End of Announcement EQS News Service
---------------------------------------------------------------------------

1940081 04-Jul-2024 CET/CEST