Publication of the Joint Reasoned Statement of the Management and
Supervisory boards of va-Q-tec AG concerning EQT Private Equity's delisting
tender offer

EQS-News: va-Q-tec AG / Key word(s): Offer/Statement
Publication of the Joint Reasoned Statement of the Management and
Supervisory boards of va-Q-tec AG concerning EQT Private Equity's delisting
tender offer

11.08.2023 / 12:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Publication of the Joint Reasoned Statement of the Management and
Supervisory boards of va-Q-tec AG concerning EQT Private Equity's delisting
tender offer

  *  Management and Supervisory boards of va-Q-tec AG recommend acceptance
    of EQT Private Equity's voluntary public delisting tender offer

  * Management and Supervisory boards regard the EUR 26.00 offer price per
    va-Q-tec share as financially fair and in the best interests of the
    company, its employees and customers

  * Company will promptly apply for revocation of the admission of the
    va-Q-tec shares to trading on the Regulated Market of the Frankfurt
    Stock Exchange

Würzburg, 11 August 2023 The Management and Supervisory boards of va-Q-tec
AG ('va-Q-tec') have today published their Joint Reasoned Statement pursuant
to Section 27 (1) of the German Securities Acquisition and Takeover Act
(WpÜG) concerning the public delisting tender offer of Fahrenheit AcquiCo
GmbH ('Bidder') for the shares (ISIN DE0006636681 / WKN 663668) of va-Q-tec.
The Bidder is a holding company legally controlled by EQT Private Equity.
After careful and thorough examination of the offer document published on 2
August 2023, the Management and Supervisory boards of va-Q-tec AG recommend
that the shareholders accept the offer.

The Management and Supervisory boards are of the opinion that the delisting
tender offer, as previously the voluntary public takeover offer,
particularly satisfies the interests and objectives of va-Q-tec, the
shareholders of va-Q-tec and the employees of the va-Q-tec Group. Therefore,
they welcome and support the Bidder's offer as set out in the offer
document. Accordingly, in the Management and Supervisory boards' opinion and
taking into consideration the fairness opinion prepared by financial advisor
ParkView Partners GmbH, the offer price of EUR 26.00 per va-Q-tec share is
fair from a financial perspective. At the same time, the Management and
Supervisory boards reaffirm their view that the partnership with EQT Private
Equity represents the basis for the successful further development of the
va-Q-tec Group and its technology in the long term. Accordingly, va-Q-tec
and the Bidder had agreed in the Business Combination Agreement concluded in
December 2022 to support and promote all business areas of va-Q-tec as part
of the strategic partnership. For this purpose, the Bidder provided, inter
alia, around EUR 35 million of fresh equity for va-Q-tec by way of a capital
increase. In addition, a business combination of va-Q-tec's business
activities for the pharmaceutical sector with Envirotainer AB and the
further development of va-Q-tec's other business activities in the thermal
energy efficiency and thermal boxes areas within a separate new company are
planned.

The Management and Supervisory boards share the Bidder's conviction that
this long-term growth strategy can best be facilitated by a delisting and
thereby within an environment beyond the short-term focus and volatility of
the capital markets. The delisting will enable vaQ-tec to make decisions
with a long-term perspective, independent of the capital market's short-term
expectations. Moreover, the delisting will enable a reduction in the
regulatory overhead and administrative costs associated with maintaining the
stock exchange listing of the vaQtec shares. For this reason, va-Q-tec
will promptly apply for the revocation of the admission of the shares to
trading on the Regulated Market (Prime Standard) of the Frankfurt Stock
Exchange.

Pursuant to Section 27 of the German Securities Acquisition and Takeover Act
(WpÜG), the Joint Reasoned Statement of va-Q-tec's Management and
Supervisory boards has been published on the Internet on va-Q-tec's website
at https://va-q-tec.com/ under the heading 'Investor Relations' in German
and is also provided in a non-binding English translation. Only the German
version is binding. Copies of the Joint Reasoned Statement are also
available free of charge from va-Q-tec, Investor Relations,
Alfred-Nobel-Strasse 33, 97080 Würzburg, Germany, telephone: +49 (0) 931
35942 - 297, fax: +49 (0) 931 35942 - 10 (orders by e-mail to
Felix.Rau@va-q-tec.com with full postal address or e-mail address).

The acceptance period for the delisting tender offer commenced with the
publication of the offer document on 2 August 2023 and is expected to end on
30 August 2023 at 24:00 hours (CET). All relevant details regarding the
acceptance of the offer are set out in the offer document, which is
available on the Bidder's website at http://www.offer-eqt.com. Shareholders
should contact their depositary bank directly in order to tender their
shares as part of the delisting tender offer.

Important note

Only the Management and Supervisory boards' Joint Reasoned Statement is
authoritative. The information in this press release does not constitute an
explanation of, or an amendment to, statements contained in the Joint
Reasoned Statement.

+++END+++

IR contact

                          va-Q-tec AG    cometis AG
                            Felix Rau    Claudius Krause
          Phone: +49 931 35942 - 2973    Phone: +49 611 - 20 585 5-28
     Email: (1)Felix.Rau@va-q-tec.com    Email: (1)krause@cometis.de

1. mailto:Felix.Rau@va-q-tec.com 1. mailto:krause@cometis.de
About va-Q-tec

va-Q-tec is a pioneer in highly efficient products and solutions in the area
of thermal insulation and TempChain logistics. The company develops,
produces and markets highly efficient and consequently thin vacuum
insulation panels (VIPs), as well as phase change materials (PCMs) for
reliable and energy-efficient temperature controlling. va-Q-tec deploys this
key thermal technology in order to produce passive thermal packaging systems
(containers and boxes) that maintain constant temperatures, depending on
type, for up to 200 hours without external energy input. In order to
implement temperature-sensitive logistics chains, va-Q-tec - within a global
partner network - operates a fleet of rental containers and boxes meeting
demanding thermal protection standards. Along with Healthcare & Logistics as
the main market, va-Q-tec addresses the following further markets:
Appliances & Food, Technics & Industry, Building, and Mobility. The
high-growth company, which was founded in 2001, is based in Würzburg,
Germany.

Further information: www.va-q-tec.com
Follow va-Q-tec on Twitter: @vaQtec, LinkedIn: linkedin.com/company/va-Q-tec

About EQT

EQT is a global investment organization with more than EUR 114 billion in
assets under management in two business areas - Private Capital and Real
Assets. EQT funds have investments in companies in Europe, Asia and America.
EQT supports portfolio companies on their path to achieving sustainable
growth, operational excellence and market leadership.

Further information: www.eqtgroup.com
Follow EQT on LinkedIn, Twitter, YouTube and Instagram

Disclaimer
This release contains statements about the future development of va-Q-tec.
These forward-looking statements are based on the Management Board's current
expectations, assumptions and forecasts, and the information currently
available to the Management Board, and have been prepared to the best of its
knowledge and belief. No guarantee or liability can be assumed for the
occurrence of the future developments and results mentioned in relation to
such forward-looking statements. Rather, future developments and results
depend on various factors. These entail risks and uncertainties that lie
beyond va-Q-tec's control and are based on assumptions that may prove to be
incorrect. Notwithstanding legal requirements to adjust forecasts, va-Q-tec
assumes no obligation to update the forward-looking statements contained in
this release.


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11.08.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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:        va-Q-tec AG
                   Alfred-Nobel-Straße 33
                   97080 Würzburg
                   Germany
   Phone:          +49 (0)931 35 942 0
   Fax:            +49 (0)931 35 942 10
   E-mail:         IR@va-Q-tec.com
   Internet:       www.va-Q-tec.com
   ISIN:           DE0006636681
   WKN:            663668
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1702101

End of News EQS News Service
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1702101 11.08.2023 CET/CEST