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

03.05.2024 / 00:18 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:                             VARTA AG
     Street:                           VARTA-Platz 1
     Postal code:                      73479
     City:                             Ellwangen
                                       Germany
     Legal Entity Identifier (LEI):    529900E7KB95KOXBWP63

2. Reason for notification

          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:

25 Apr 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               0.10 %              4.90 %     4.99 %         42641686
  Previo-           0.05 %              4.96 %     5.01 %                /
  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)
    DE000A0TGJ55             0           41274           0 %    0.10 %
    Total            41274                        0.10 %

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                          458774     1.08 %
    Recall
    Call        21.06.2024                    140000     0.33 %
    Option
    Swap        08.10.2027                    307333     0.72 %
    Call        08.10.2027                    257681     0.60 %
    Warrant
                               Total         1163788     2.73 %

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       17.04.2034                Cash          518856  1.22 %
    Call       21.06.2024                Cash          134535  0.32 %
    Warrant
    Put        18.12.2026                Physical      270400  0.63 %
    Option
                                         Total         923791  2.17 %

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 rights  Total of both
                   rights (if at  through instruments (if   (if at least
                     least 3% or     at least 5% or more)    5% or more)
                           more)
    The Goldman                %                        %              %
    Sachs Group,
    Inc.
    GSAM Holdings              %                        %              %
    LLC
    Goldman Sachs              %                        %              %
    Asset
    Management,
    L.P.
    -                          %                        %              %
    The Goldman                %                        %              %
    Sachs Group,
    Inc.
    Goldman,                   %                        %              %
    Sachs & Co.
    Wertpapier
    GmbH
    -                          %                        %              %
    The Goldman                %                        %              %
    Sachs Group,
    Inc.
    Goldman Sachs              %                        %              %
    Bank USA
    Goldman Sachs              %                        %              %
    Bank Europe
    SE
    -                          %                        %              %
    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

30 Apr 2024


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03.05.2024 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:     VARTA AG
                VARTA-Platz 1
                73479 Ellwangen
                Germany
   Internet:    www.varta-ag.com

End of News EQS News Service
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1894705 03.05.2024 CET/CEST