Advanced talks on the sale of the majority stake in GreenCluster GmbH

EQS-Ad-hoc: Voltabox AG / Key word(s): Investment
Advanced talks on the sale of the majority stake in GreenCluster GmbH

29-May-2024 / 22:42 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.

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Advanced talks on the sale of the majority stake in GreenCluster GmbH

Paderborn, May 29, 2024 - Voltabox AG ('Company') is currently in advanced
discussions regarding the sale of its 80% share in GreenCluster GmbH as well
as the shareholder loans granted. The company expects sales proceeds of a
mid six-figure amount. For the company's 'VoltaStore' division, which
exclusively comprises the investment in GreenCluster GmbH, the company
forecasts revenues of EUR 7 million for the 2024 fiscal year and thus around
two thirds of the company's total consolidated revenues of around EUR 10.5
million.

Whether or not an agreement will be reached by the negotiating parties as
well as the terms of such an agreement will depend on the further progress
of the discussions.

About Voltabox AG

Voltabox AG (ISIN DE000A2E4LE9), which is listed on the regulated market
(Prime Standard) of the Frankfurt Stock Exchange, is a technology driven
provider for e-mobility solutions in industrial applications. Its core
business lies in intrinsically safe, highly developed high-performance
lithium-ion battery systems that are modular and in serial production. The
battery systems are primarily used in agricultural and construction
machinery as well as in electric and hybrid-electric buses for public
transportation. In addition, Voltabox is active in the field of
infrastructural energy production and corresponding utilization models
through its subsidiary GreenCluster GmbH. For more information, visit
www.voltabox.ag.

Contact

Voltabox AG

Patrick Zabel (CEO)

Technologiepark 32

33100 Paderborn

Email: investor@voltabox.ag


End of Inside Information

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   Language:       English
   Company:        Voltabox AG
                   Technologiepark 32
                   33100 Paderborn
                   Germany
   Phone:          +49 (0)5250 9930 964
   E-mail:         info@voltabox.ag
   Internet:       www.voltabox.ag
   ISIN:           DE000A2E4LE9
   WKN:            A2E4LE
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1914037

End of Announcement EQS News Service
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1914037 29-May-2024 CET/CEST