Deutsche Beteiligungs AG: Deutsche Beteiligungs AG plans to issue
convertible bonds due 2030 in an aggregate principal amount of 100 million euros

EQS-Ad-hoc: Deutsche Beteiligungs AG / Key word(s): Issue of Debt/Corporate
Action
Deutsche Beteiligungs AG: Deutsche Beteiligungs AG plans to issue
convertible bonds due 2030 in an aggregate principal amount of 100 million
euros

28-Jun-2024 / 08:00 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.

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Disclosure of inside information pursuant to Article 17 (1) of Regulation
(EU) 596/2014 on Market Abuse (Market Abuse Regulation - "MAR")

Deutsche Beteiligungs AG (ISIN: DE000A1TNUT7 / WKN: A1TNUT): Deutsche
Beteiligungs AG plans to issue convertible bonds due 2030 in an aggregate
principal amount of 100 million euros


NOT FOR PUBLICATION, DISTRIBUTION OR DISCLOSURE IN THE UNITED STATES OF
AMERICA, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN
WHICH THE OFFER OR SALE OF SECURITIES WOULD BE PROHIBITED UNDER APPLICABLE
LAW. FURTHER RESTRICTIONS APPLY.

Today, the Board of Management of Deutsche Beteiligungs AG (the "Company")
resolved, with the approval of the Supervisory Board, to place an issue of
senior unsecured convertible bonds ("Convertible Bonds") in an aggregate
principal amount of 100 million euros. The Convertible Bonds are convertible
into new and/or existing no-par value registered shares in the Company
(ISIN: DE000A1TNUT7, the "Shares").

The Convertible Bonds are offered exclusively to institutional investors in
certain jurisdictions outside the United States of America in an accelerated
bookbuilding process (the "Offer"). The pre-emptive rights of the Company's
existing shareholders have been excluded.

With a denomination of 100,000.00 euros each and a maturity of 5.5 years,
the Convertible Bonds are issued at 100 per cent of par. Unless the
Convertible Bonds have been converted, repurchased and cancelled or repaid
prior to maturity, they will be redeemed at par at maturity. The Convertible
Bonds will bear interest at a fixed rate between 5.0 per cent and 5.5 per
cent p.a. The conversion premium is planned to be set between 22.5 per cent
and 27.5 per cent of the reference share price.

The Convertible Bonds are expected to be issued on or around 5 July 2024
(the "Closing Date"). The Company is entitled to redeem the Convertible
Bonds (in whole but not in part) at any time at par plus accrued interest
(i) from the date that is 3 years and 21 business days after the Closing
Date, provided that the stock market price of the shares is at least 150 per
cent of the then applicable conversion price over a certain period, or (ii)
if no more than 20 per cent of the original aggregate principal amount of
the Convertible Bonds remains outstanding.

Rossmann Beteiligungs GmbH, a shareholder in the Company, and members of the
Company's Board of Management have expressed an interest to participate in
the placement.

The pricing of the Offer is expected to be announced in a separate press
release later today. The Company intends to arrange for the Convertible
Bonds to be included to trading on the Open Market (Freiverkehr) of the
Frankfurt Stock Exchange. However, the inclusion to trading is not a
condition for closing the transaction.

The Company has undertaken to comply with a customary lock-up ending 90 days
after the Closing Date.

The Company plans to use the net proceeds from the Convertible Bonds
issuance for co-investments to be made alongside the funds advised by the
Company and ELF Capital Group and for general corporate purposes.

The Board of Management

Frankfurt/Main, 28 June 2024

Reporting person: Roland Rapelius, Head of Corporate Communications &
Investor Relations

Important Notice

This communication is for information purposes only; it does not constitute
a prospectus or offer of securities for sale within or in any jurisdiction,
including the United States of America, Australia, Canada, Japan or South
Africa, or any other jurisdiction where the offer or sale of the securities
would be prohibited under applicable law. Neither this communication nor its
contents shall form the basis of, or be relied upon in connection with, any
offer or legal obligation of any kind in any jurisdiction.

The information contained in this communication is for background purposes
only and does not purport to be full or complete. No reliance must be placed
upon the information contained in this communication or this information's
accuracy or completeness. No prospectus will be prepared in connection with
the offering of the securities referred to herein. The securities referred
to in this communication must not be offered to the public in any
jurisdiction where this would require the preparation or registration of a
prospectus or offer document relating to these securities.

This communication is not for publication or distribution, directly or
indirectly, in or into the United States (including its territories and
possessions), Australia, Canada, Japan or South Africa or any other
jurisdiction where such a communication could be unlawful. The distribution
of this communication or the offer or sale of the securities referred to
herein may be restricted by law in certain jurisdictions, and persons
gaining possession of any document or other information referred to herein
should inform themselves about and observe any such restriction. Any failure
to comply with these restrictions may constitute a violation of the
securities laws of any such jurisdiction.

This communication does not contain, constitute or form part of - and should
not be construed as - an offer or invitation to sell or the solicitation of
an offer to buy or subscribe for securities to a person in the United
States, Australia, Canada, Japan or South Africa or in any other
jurisdiction to whom or in which such offer or solicitation is unlawful. The
securities referred to herein have not been (and will not be) registered
under the U.S. Securities Act of 1933 as amended (the "Securities Act") or
the laws of any state within the United States or under the applicable
securities laws of Australia, Canada, Japan or South Africa, and must not be
offered or sold in the United States, unless registered under the Securities
Act or offered and sold in a transaction exempt from, or not subject to, the
registration requirements of the Securities Act. Subject to certain
exceptions, the securities referred to herein must not be offered or sold in
Australia, Canada, Japan or South Africa, or to or for the account or
benefit of any national, resident or citizen of Australia, Canada, Japan or
South Africa. There will be no public offer of the securities referred to
herein in the United States, Australia, Canada, Japan or South Africa.

When made in member states of the European Economic Area ("EEA"), with each
member state being a "relevant member state", the offer contained in this
communication is only directed at persons who are qualified investors
("Qualified Investors") as defined in the Regulation (EU) 2017/1129 of the
European Parliament and of the Council of 14 June 2017 ("Prospectus
Regulation").

In the United Kingdom, this communication is directed only at Qualified
Investors within the meaning of Regulation (EU) 2017/1129 as it forms part
of United Kingdom domestic law by virtue of the European Union (Withdrawal)
Act 2018 ("EUWA") (i) who have professional experience in matters relating
to investments falling within Article19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 as amended ("Order"), or
(ii) who fall within Article 49(2)(a) to (d) of the Order, or (iii) to whom
the communication may otherwise lawfully be conveyed (all such persons
together being referred to as "Relevant Persons"). This communication must
not be acted upon or relied upon (i) in the UK by persons who are not
Relevant Persons, or (ii) in any EEA member state by persons who are not
Qualified Investors.

Solely for the purposes of the product governance requirements contained
within: (a) EU Directive 2014/65/EU on Markets in Financial Instruments as
amended ("MiFID II"); (b) Articles 9 and 10 of Commission Delegated
Directive EU 2017/593 supplementing MiFID II; and (c) local implementing
provisions (together, "MiFID II Product Governance Requirements"), and
disclaiming any and all liability, whether arising in tort, breach of
contract or otherwise, that any "manufacturer" (for the purposes of the
MiFID II Product Governance Requirements) may otherwise have with respect
thereto, it is noted that the Convertible Bonds have been subject to a
product approval process, which has determined that: (i) the target market
for the Convertible Bonds is eligible counterparties and professional
clients only, each as defined in MiFID II; and (ii) all channels for
distribution of the Convertible Bonds to eligible counterparties and
professional clients are appropriate. Any person subsequently offering,
selling or recommending the Convertible Bonds ("Distributor") should take
into consideration the manufacturer's target market assessment; however, a
distributor subject to MiFID II is responsible for undertaking its own
target market assessment in respect of the Convertible Bonds (by either
adopting or refining the manufacturer's target market assessment) and
determining appropriate distribution channels. The target market assessment
is without prejudice to the requirements of any contractual or statutory
selling restrictions in relation to any offering of the Convertible Bonds
and/or the underlying shares. For the avoidance of doubt, the target market
assessment does not constitute (a) an assessment of suitability or
appropriateness for the purposes of MiFID II or (b) a recommendation to any
investor or investor group to invest in or purchase or take any action
whatsoever with respect to the Convertible Bonds.

The Convertible Bonds are not intended to be offered, sold or otherwise made
available to and should not be offered, sold or otherwise made available to
any retail investor in the EEA or the UK. For these purposes, "retail
investor" means (a) in the EEA, a person who is one (or more) of: (i) a
retail client as defined in Article 4(1) no. 11 of MIFID II; (ii) a customer
within the meaning of Directive EU 2016/97 as amended ("Insurance
Distribution Directive"), where that customer would not qualify as a
professional client as defined in Article 4(1) no. 10 of MIFID II; or (iii)
not a Qualified Investor as defined in the Prospectus Regulation and (b) in
the UK, a person who is one (or more) of (i) a retail client within the
meaning of Regulation EU 2017/565 as it forms part of UK domestic law by
virtue of the EUWA or (ii) a customer within the meaning of the provisions
of the Financial Services and Markets Act 2000 of the UK ("FSMA") and any
rules or regulations made under the FSMA to implement Directive EU 2016/97,
where that customer would not qualify as a professional client as defined in
Article 2(1) no. 8 of Regulation EU 600/2014 as it forms part of UK domestic
law by virtue of the EUWA. Consequently, no key information document as
required by Regulation (EU) No 1286/2014 (the "EU PRIIPs Regulation") or the
EU PRIIPs Regulation as it forms part of United Kingdom domestic law by
virtue of the EUWA (the "UK PRIIPs Regulation") for offering or selling the
Convertible Bonds (or making them otherwise available) to retail investors
in the EEA or the United Kingdom has been prepared; as such, offering or
selling the Convertible Bonds (or making them otherwise available) to retail
investors in the EEA or the United Kingdom may be unlawful under the EU
PRIIPs Regulation and/or the UK PRIIPs Regulation.

No measures were taken that would permit offering or purchasing the
securities, or distributing this communication, in any jurisdiction where
such measures would be unlawful. Persons gaining possession of this
communication must inform themselves about and observe any such restriction.

This communication may include statements that are, or may be construed as,
"forward-looking statements". Forward-looking statements can be identified
by forward-looking terminology, including words such as "believes",
"assumes", "estimates", "plans", "anticipates", "expects", "intends", "may",
"will" or "should" or, in each case, their negative or other variations or
comparable wording, or by discussions of strategies, plans, targets, goals,
future events or intentions. Forward-looking statements may, and often do,
differ materially from actual results. All forward-looking statements
reflect the Company's current view as to future events and are subject to
risks relating to future events and other risks, uncertainties and
assumptions regarding the Company's business, financial position or
performance, liquidity, prospects, growth or strategies. Forward-looking
statements speak only as of the date they are made.

The Company and its affiliates expressly disclaim any obligation or
intention to update, review or revise any forward-looking statement
contained herein, whether as a result of new information, new events or
circumstances, future developments or otherwise.

No individual should or can rely, for whatever reason, either upon the
information contained in this communication, or upon its completeness,
accuracy or fairness. The information in this communication may be subject
to change. The Company assumes no liability for these forward-looking
statements and assumptions actually coming true.




Contact:
Roland Rapelius
Head of Corporate Communications & Investor Relations
Email: Roland.Rapelius@dbag.de
Telephone: +49 69 95787 365


End of Inside Information

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

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   Language:       English
   Company:        Deutsche Beteiligungs AG
                   Untermainanlage 1
                   60329 Frankfurt am Main
                   Germany
   Phone:          +49 69 957 87-01
   Fax:            +49 69 957 87-199
   E-mail:         welcome@dbag.de
   Internet:       www.dbag.de
   ISIN:           DE000A1TNUT7
   WKN:            A1TNUT
   Indices:        SDAX
   Listed:         Regulated Market in Dusseldorf, Frankfurt (Prime
                   Standard); Regulated Unofficial Market in Berlin,
                   Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1935205

End of Announcement EQS News Service
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1935205 28-Jun-2024 CET/CEST