123fahrschule concludes purchase agreement for the acquisition of FOERST
driving simulators

EQS-Ad-hoc: 123fahrschule SE / Key word(s): Expansion/Takeover
123fahrschule concludes purchase agreement for the acquisition of FOERST
driving simulators

12-May-2024 / 12:16 CET/CEST
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(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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123fahrschule SE has concluded an agreement to acquire FOERST GmbH, a
long-standing manufacturer and developer of driving simulators for driving
licence training in Wiehl. The purchase price can be paid in full or in part
in shares at the discretion of 123fahrschule SE.

Cologne, 12. May 2024 - The Management Board of 123fahrschule SE (ISIN:
DE000A2P4HL9, "Company") has concluded a share purchase agreement with the
shareholders of FOERST GmbH in Wiehl for the acquisition of all shares by
123fahrschule Holding GmbH.

As a pioneer in driving simulation, Foerst GmbH launched the world's first
commercial driving simulator back in 1976. Building on its many years of
expertise, the company develops and produces simulators for cars, lorries
and buses, which are used both domestically and internationally for driver
training and other applications.

The company expects that the driving simulator will play a much greater role
in driving licence training in Germany in the future as part of the
amendment to the learner driver training regulations
(Fahrschülerausbildungsordnung ) currently being implemented. In particular
due to the fact that driving school vehicles with manual gearboxes are
virtually no longer available from all manufacturers, 123fahrschule expects
that manual training will soon shift completely to the simulator. The
increased use of simulators will make training more cost-effective,
efficient and faster for students in the future. The company also
anticipates significant CO2 savings.

Through the takeover and the associated direct access to technology,
software and hardware, 123fahrschule SE expects to be able to significantly
reduce the capital expenditure for the roll-out of driving simulators in its
own branches. In addition, 123fahrschule plans to expand FOERST GmbH's
product portfolio with its own software elements already available at
123fahrschule and to offer the optimized product range nationally and
internationally in the driving school and education market.

The total purchase price, which is still subject to certain adjustments, was
agreed to be a mid-six-figure amount that can be paid in full in shares of
123fahrschule SE in several tranches at the discretion of 123fahrschule SE
by the end of 2026. The new shares are to be issued at an issue price close
to the stock exchange price. If this is not possible under stock corporation
law, 123fahrschule Holding GmbH is entitled to withdraw from the purchase
agreement, in particular if the calculated issue price of the new shares to
be issued proves to be unreasonably low.

Subject to the occurrence of conditions precedent, the acquisition is
planned to be completed on 1 July 2024.

Investors and interested parties are invited to a video call with the
Management Board on Thursday, 16 May 2024, 10:00 UTC+2. Registrations are
possible at https://www.123fahrschule.de/investor-relations.

________________________________________________________________________

About 123fahrschule SE

123fahrschule SE (ISIN: DE000A2P4HL9, ticker symbol: 123F, primary market
Düsseldorf) is a digitally driven driving school chain founded in 2016 under
the name 123fahrschule Holding GmbH with a focus on e-learning.
123fahrschule SE specializes in the digital expansion of traditional driving
licence training in the German driving school market. The company's core
competence lies in the digitally supported training of private individuals
for the driving licence category in the B segment. With more than 50
locations nationwide, 123fahrschule is already the largest driving school
chain in the B segment and is planning further expansion to up to 200
locations in the coming years.

Contact:

123fahrschule SE

Your contact person: Boris Polenske

Tel: 0221-177357-60 | ir@123fahrschule.de | www.123fahrschule.de

More information at: www.123fahrschule.de

This release contains statements that relate to the future business
performance of 123fahrschule SE as well as future events or developments and
may constitute forward-looking statements. These statements can be
recognised by formulations such as "expect", "want", "anticipate", "intend",
"plan", "believe", "aim", "estimate", "will" and "predict" or similar terms.
Such statements are based on the current expectations and certain
assumptions of the Executive Board of 123fahrschule SE, many of which are
beyond the control of 123fahrschule SE. They are therefore subject to a
number of risks and uncertainties. Should one or more of these risks or
uncertainties materialise, or should the underlying expectations not
materialise or assumptions prove incorrect, the actual results, performance
or achievements of 123fahrschule SE (whether positive or negative) may be
materially different from those expressed or implied by such forward-looking
statements. 123fahrschule SE assumes no obligation and does not intend to
update these forward-looking statements or to correct them in the event of
developments other than those anticipated, unless it is legally obliged to
do so.


End of Inside Information

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   Language:       English
   Company:        123fahrschule SE
                   Klopstockstr. 1
                   50968 Köln
                   Germany
   Phone:          0221-177357-0
   E-mail:         ir@123fahrschule.de
   Internet:       www.123fahrschule.de
   ISIN:           DE000A2P4HL9
   WKN:            A2P4HL
   Listed:         Regulated Unofficial Market in Dusseldorf
   EQS News ID:    1900819

End of Announcement EQS News Service
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1900819 12-May-2024 CET/CEST