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

09.05.2024 / 13:02 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:                             Covestro AG
     Street:                           Kaiser-Wilhelm-Allee 60
     Postal code:                      51373
     City:                             Leverkusen
                                       Germany
     Legal Entity Identifier (LEI):    3912005AWHKLQ1CPLV11

2. Reason for notification

     X    Acquisition/disposal of shares with voting rights
          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:

03 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               0.23 %              9.65 %     9.88 %        189000000
  Previo-           0.48 %              9.68 %    10.16 %                /
  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)
    US22304D2071             0          222820           0 %    0.12 %
    DE0006062144             0          211956           0 %    0.11 %
    Total            434776                       0.23 %

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                         2577033     1.36 %
    Recall
    Right Of    Open                         1497420     0.79 %
    Use
    Call        20.12.2024                   4860200     2.57 %
    Option
    Call        15.10.2026                    259654     0.14 %
    Warrant
    Swap        15.10.2026                     34011     0.02 %
                               Total         9228317     4.88 %

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 %
    Put        17.12.2027                Physical     2575400  1.36 %
    Option
    Call       31.12.2030                Cash          485661  0.26 %
    Warrant
    Swap       03.05.2034                Cash         5946966  3.15 %
                                         Total        9008027  4.77 %

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.
    Goldman, Sachs & Co.                   %                %         %
    Wertpapier GmbH
    -                                      %                %         %
    The Goldman Sachs Group,               %                %         %
    Inc.
    Goldman Sachs Bank USA                 %                %         %
    Goldman Sachs Bank Europe              %                %         %
    SE
    -                                      %                %         %
    The Goldman Sachs Group,               %                %         %
    Inc.
    Folio Financial, Inc.                  %                %         %
    Folio Investments, Inc.                %                %         %
    -                                      %                %         %
    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            %           7.56 %    7.59 %

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

08 May 2024


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09.05.2024 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:     Covestro AG
                Kaiser-Wilhelm-Allee 60
                51373 Leverkusen
                Germany
   Internet:    www.covestro.com

End of News EQS News Service
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1899235 09.05.2024 CET/CEST