Bayer Aktiengesellschaft: Release according to Article 40, Section 1 of the
WpHG (the German Securities Trading Act) with the objective of Europe-wide
distribution

EQS Voting Rights Announcement: Bayer Aktiengesellschaft
Bayer Aktiengesellschaft: Release according to Article 40, Section 1 of the
WpHG (the German Securities Trading Act) with the objective of Europe-wide
distribution

21.05.2024 / 10:53 CET/CEST
Dissemination of a Voting Rights Announcement 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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Notification of Major Holdings

1. Details of issuer

     Name:                             Bayer Aktiengesellschaft
     Street:                           Kaiser-Wilhelm-Allee 1
     Postal code:                      51373
     City:                             Leverkusen
                                       Germany
     Legal Entity Identifier (LEI):    549300J4U55H3WP1XT59

2. Reason for notification

     X    Acquisition/disposal of shares with voting rights
     X    Acquisition/disposal of instruments
          Change of breakdown of voting rights
          Other reason:

3. Details of person subject to the notification obligation

   Legal entity: The Goldman Sachs Group, Inc.
   City of registered office, country: Wilmington, DE, United States of
   America (USA)

4. Names of shareholder(s)
holding directly 3% or more voting rights, if different from 3.



5. Date on which threshold was crossed or reached:

14 May 2024

6. Total positions

               % of voting  % of voting rights   Total of  Total number of
           rights attached             through  both in %    voting rights
                 to shares  instruments (total    (7.a. +      pursuant to
           (total of 7.a.)   of 7.b.1 + 7.b.2)      7.b.)     Sec. 41 WpHG
  New               1.13 %              4.11 %     5.25 %        982424082
  Previo-           0.16 %              3.54 %     3.69 %                /
  us
  notifi-
  cation

7. Details on total positions
a. Voting rights attached to shares (Sec. 33, 34 WpHG)

    ISIN            Absolute                       In %
                  Direct (Sec.  Indirect (Sec.  Direct (Sec.  Indirect
                      33 WpHG)        34 WpHG)      33 WpHG)  (Sec. 34
                                                                 WpHG)
    US0727303028             0          210040           0 %    0.02 %
    DE000BAY0017             0        10932511           0 %    1.11 %
    Total           11142551                      1.13 %

b.1. Instruments according to Sec. 38 (1) no. 1 WpHG

    Type of     Expiration or  Exercise or    Voting     Voting
    instrument  maturity date  conversion     rights  rights in
                               period       absolute          %
    Right To    Open                         5105645     0.52 %
    Recall
    Right Of    Open                          817564     0.08 %
    Use
    Swap        15.12.2026                    287017     0.03 %
    Call        13.02.2029                    674522     0.07 %
    Warrant
    Call        18.12.2026                   4810650     0.49 %
    Option
                               Total        11695398     1.19 %

b.2. Instruments according to Sec. 38 (1) no. 2 WpHG

    Type of    Expiration   Exercise or  Cash or       Voting  Voting
    instrume-  or maturity  conversion   physical      rights  rights
    nt         date         period       settlement  absolute    in %
    Swap       31.01.2039                Cash         8026598  0.82 %
    Call       31.03.2035                Cash         6254562  0.64 %
    Option
    Put        19.12.2025                Physical      618730  0.06 %
    Option
    Call       31.12.2030                Cash         2418508  0.25 %
    Warrant
    Put        20.12.2030                Cash          808287  0.08 %
    Option
    Future     19.12.2031                Cash        10210339  1.04 %
    Forward    21.03.2025                Cash          369542  0.04 %
                                         Total       28706567  2.92 %

8. Information in relation to the person subject to the notification
obligation

        Person subject to the notification obligation is not controlled nor
        does it control any other undertaking(s) that directly or
        indirectly hold(s) an interest in the (underlying) issuer (1.).
   X    Full chain of controlled undertakings starting with the ultimate
        controlling natural person or legal entity:

    Name                         % of voting      % of voting  Total of
                                  rights (if   rights through  both (if
                                 at least 3%  instruments (if  at least
                                    or more)   at least 5% or     5% or
                                                        more)     more)
    The Goldman Sachs Group,               %                %         %
    Inc.
    GSAM Holdings LLC                      %                %         %
    Goldman Sachs Asset                    %                %         %
    Management, L.P.
    -                                      %                %         %
    The Goldman Sachs Group,               %                %         %
    Inc.
    GSAM Holdings LLC                      %                %         %
    Goldman Sachs Asset                    %                %         %
    Management Holdings LLC
    Goldman Sachs Asset                    %                %         %
    Management UK Holdings I
    Ltd
    Goldman Sachs Asset                    %                %         %
    Management UK Holdings II
    Ltd
    Goldman Sachs Asset                    %                %         %
    Management Holdings I B.V.
    / Goldman Sachs Asset
    Management Holdings II B.V.
    Goldman Sachs Asset                    %                %         %
    Management Holdings B.V.
    -                                      %                %         %
    The Goldman Sachs Group,               %                %         %
    Inc.
    GS Global Markets, Inc.                %                %         %
    Goldman Sachs Finance Corp             %                %         %
    International Ltd
    -                                      %                %         %
    The Goldman Sachs Group,               %                %         %
    Inc.
    Goldman Sachs (UK) L.L.C.              %                %         %
    Goldman Sachs Group UK                 %                %         %
    Limited
    Goldman Sachs International            %                %         %
    Bank
    -                                      %                %         %
    The Goldman Sachs Group,               %                %         %
    Inc.
    Goldman Sachs Bank USA                 %                %         %
    Goldman Sachs Bank Europe              %                %         %
    SE
    -                                      %                %         %
    The Goldman Sachs Group,               %                %         %
    Inc.
    Goldman, Sachs & Co.                   %                %         %
    Wertpapier GmbH
    -                                      %                %         %
    The Goldman Sachs Group,               %                %         %
    Inc.
    Folio Financial, Inc.                  %                %         %
    Folio Investments, Inc.                %                %         %
    -                                      %                %         %
    The Goldman Sachs Group,               %                %         %
    Inc.
    GS Finance Corp.                       %                %         %
    -                                      %                %         %
    The Goldman Sachs Group,               %                %         %
    Inc.
    Goldman Sachs & Co. LLC                %                %         %
    -                                      %                %         %
    The Goldman Sachs Group,               %                %         %
    Inc.
    Goldman Sachs (UK) L.L.C.              %                %         %
    Goldman Sachs Group UK                 %                %         %
    Limited
    Goldman Sachs International            %                %         %

9. In case of proxy voting according to Sec. 34 para. 3 WpHG
(only in case of attribution of voting rights in accordance with Sec. 34
para. 1 sent. 1 No. 6 WpHG)

Date of general meeting:
Holding total positions after general meeting (6.) after annual general
meeting:

     Proportion of voting    Proportion of    Total of
                   rights      instruments        both
                        %                %           %

10. Other explanatory remarks:



Date

20 May 2024


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   Language:    English
   Company:     Bayer Aktiengesellschaft
                Kaiser-Wilhelm-Allee 1
                51373 Leverkusen
                Germany
   Internet:    www.bayer.com

End of News EQS News Service
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1907055 21.05.2024 CET/CEST