First trading day for R&S Group on SIX Swiss Exchange

R&S Group Holding AG / Key word(s): IPO
First trading day for R&S Group on SIX Swiss Exchange

13.12.2023 / 07:00 CET/CEST

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This announcement or the information contained therein is not being issued
and may not be distributed in the United States of America, Canada,
Australia or Japan or any other jurisdiction in which the distribution or
release would be unlawful or require registration or any other measure and
does not constitute an offer of securities for sale in such countries.

News Release

First trading day for R&S Group on SIX Swiss Exchange

Following the name change from VT5 Acquisition Company AG to R&S Group
Holding AG (R&S Group), the shares of R&S Group Holding AG will be traded
for the first time today according to the Swiss Reporting Standard of SIX
Swiss Exchange under the ticker symbol RSGN and the ISIN number
CH1107979838.

Sissach/BL, Switzerland, 13 December 2023 - At the extraordinary
shareholders meeting held on 11 December 2023, the shareholders of VT5
Acquisition Company AG ("VT5") approved the change of the company' name to
R&S Group Holding AG. Following completion of the Initial Business
Combination with the first Swiss listed SPAC, VT5 Acquisition Company AG,
R&S Group celebrates the start of trading on SIX Swiss Exchange as a public
company with the opening bell ceremony at SIX headquarters this morning.
Following the listing on SIX Swiss Exchange under the ticker symbol RSGN and
the ISIN number CH1107979838 (unchanged), the shares are expected to be
included in the SPI/SPIEX/SXSLI indices as of 14 December 2023.

Markus Laesser, CEO of R&S Group, said: "Today is a special day for R&S
Group and all our stakeholders. I am very proud of the entire R&S team and
its commitment to achieving our growth ambitions. We look forward to
demonstrating that R&S Group is well positioned to benefit from the
increasing demand for energy and the key drivers of decarbonization,
decentralization and modernization. Being a listed company will increase our
visibility in the markets and provide us with the prospects to realize our
various strategic and operational initiatives and growth plans even better
in future"."

Heinz Kundert, Chairman of the Board of R&S Group, adds: "With today's
listing of R&S Group on SIX Swiss Exchange, VT5 has achieved its goal of
bringing a hidden champion to the public markets. As a Swiss engineering
leader with high-quality, reliable products and a leading position in its
markets, R&S Group fulfills or exceeds VT5's investment principles as
defined at the start of VT5. While today marks the beginning of R&S Group's
listing, it also marks the end of an exciting journey that we embarked upon
two years ago with the IPO of the first SPAC on SIX Swiss Exchange. I thank
my colleagues in the VT5 team for their tireless efforts in the quest of
finding the ideal partner for the business combination that has now been
successfully concluded."

Rolf Lanz, Managing Partner at CGS, is convinced that the R&S Group is
excellently positioned for the future: "Through the successful
implementation of the CGS Buy & Build strategy, we have not only greatly
increased the sales and profitability of R&S in recent years, but also
created numerous jobs. Thanks to selected acquisitions, the company is now a
leading provider of transformers for power generation and transmission and
is therefore ideally positioned to continue to grow in the future as demand
for electrical energy accelerates."

Gregor Greber, Board member of R&S Group and co-founder of VT5, complements:
"We take this opportunity to thank the shareholders of VT5 for their loyalty
and trust in VT5's vision and ambitions along the way. At the same time, we
welcome all the new investors who have also supported the successful
completion of the transaction and helped to transform VT5 into the now
SIX-listed transformer specialist R&S Group."

Contacts
Investor Relations
Doris Rudischhauser
Phone: +41 79 410 81 88
Email: investors@the-rsgroup.com

Media
Nicolas Weidmann
Phone: +41 79 372 29 81
Email: media@the-rsgroup.com

About R&S Group

R&S Group Holding AG ("R&S Group", the "company") is headquartered in
Sissach/BL, Switzerland. With six manufacturing facilities in Switzerland,
Italy, Poland and the Middle East, R&S Group serves its domestic and various
European export markets with small and medium power and distribution
transformers and other components in the utility, infrastructure and
industrial sectors. The company has been successfully positioned to benefit
from the accelerating demand for energy production and distribution, driven
by the global trend towards decarbonization. R&S Group has been listed on
SIX Swiss Exchange on 13 December 2023 under the ticker symbol RSGN
following its successful business combination with VT5 Acquisition AG, a
previously Swiss-listed Special Purpose Acquisition Company (SPAC).

Further information about the R&S Group can be found at www.the-rsgroup.com.

Disclaimer

This announcement may contain forward looking statements, estimates,
opinions and projections with respect to anticipated future performance of
R&S Group ("forward-looking statements"). These forward-looking statements
can be identified by the use of forward-looking terminology, including the
terms "aims," "believes," "estimates," "anticipates," "expects," "intends,"
"may," "will" or "should" or, in each case, their negative, or other
variations or comparable terminology. These forward-looking statements
include all matters that are not historical facts. Forward-looking
statements are based on the current views, expectations and assumptions of
the Board and management of R&S Group and involve significant known and
unknown risks and uncertainties that could cause actual results, performance
or events to differ materially from those expressed or implied in such
statements. Forward-looking statements should not be read as guarantees of
future performance or results and will not necessarily be accurate
indications of whether or not such results will be achieved. Any
forward-looking statements included herein only speak as at the date of this
release. R&S Group undertakes no obligation, and does not expect to publicly
update, or publicly revise, any of the information, forward-looking
statements or the conclusions contained herein or to reflect new events or
circumstances or to correct any inaccuracies which may become apparent
subsequent to the date hereof, whether as a result of new information,
future events or otherwise. R&S Group accepts no liability whatsoever in
respect of the achievement of such forward-looking statements and
assumptions.

This announcement constitutes neither a prospectus or similar notice within
the meaning of articles 35 et seqq. or 69 of the Swiss Financial Services
Act. This publication constitutes neither an offer to sell nor a
solicitation to buy securities of R&S Group Holding AG. The securities have
already been sold and listed. Copies of this publication may not be sent to
jurisdictions, or distributed in or sent from or otherwise made publicly
available in jurisdictions, in which this is barred or prohibited by law.

This announcement is being distributed only to, and is directed only at (i)
persons outside the United Kingdom, (ii) persons who have professional
experience in matters relating to investments falling within article 19(5)
of the Financial Services and Markets Act 2000 (Financial Promotion) Order
2005 (the "Order") or (iii) high net worth entities, and other persons to
whom it may otherwise lawfully be communicated, falling within Article 49(2)
of the Order (all such persons together being referred to as "Relevant
Persons"). Any investment or investment activity to which this announcement
relates is available only to Relevant Persons and will be engaged in only
with Relevant Persons. Any person who is not a Relevant Person must not act
or rely on this announcement or any of its contents.

This announcement does not constitute an "offer of securities to the public"
within the meaning of Regulation 2017/1129 of the European Union (the
"Prospectus Regulation") of the securities referred to in it (the
"Securities") in any member state of the European Economic Area (the "EEA")
or, in the United Kingdom ("UK"), the Regulation (EU) 2017/1129 as it forms
part of domestic law by virtue of the European Union (Withdrawal) Act 2018,
as amended (the "UK Prospectus Regulation"). Any offers of the Securities to
persons in the EEA or the UK will be made pursuant to an exemption under the
Prospectus Regulation or the UK Prospectus Regulation (as applicable), as
implemented in member states of the EEA or the UK, from the requirement to
produce a prospectus for offers of the Securities.

Securities referred to herein have not been and will not be registered under
the US Securities Act of 1933, as amended (the "Securities Act"), and may
not be offered or sold in the United States or to U.S. persons (as such term
is defined in Regulation S under the Securities Act) unless the securities
are registered under the Securities Act, or an exemption from the
registration requirements of the Securities Act is available. The issuer of
the securities has not registered, and does not intend to register, any
portion of the offering, if any, in the United States, and does not intend
to conduct a public offering of securities in the United States. In an
offering, if any, the securities may be offered and sold outside the United
States in reliance on Regulation S and within the United States to
"Qualified Institutional Buyers" (as defined in Rule 144A under the
Securities Act ("Rule 144A")) in reliance on Rule 144A. Prospective
purchasers are hereby notified that sellers of the securities may be relying
on the exemption from the provisions of Section 5 of the Securities Act
provided by Rule 144A.

This announcement or the information contained therein is not being issued
and may not be distributed in the United States of America, Canada,
Australia, Japan, or any other jurisdiction in which the distribution or
release would be unlawful or require registration or any other measure and
does not constitute an offer of securities for sale in such countries.


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End of Media Release

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   Language:       English
   Company:        R&S Group Holding AG
                   Churerstrasse 25
                   8808 Pfäffikon SZ
                   Switzerland
   E-mail:         investors@the-rsgroup.com
   Internet:       www.the-rsgroup.com
   ISIN:           CH1107979838, CH1108008082
   Listed:         SIX Swiss Exchange
   EQS News ID:    1795459

End of News EQS News Service
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1795459 13.12.2023 CET/CEST