Endor AG: Exclusive negotiations agreed with strategic investor -
restructuring in accordance with StaRUG intended

EQS-Ad-hoc: Endor AG / Key word(s): Financing
Endor AG: Exclusive negotiations agreed with strategic investor -
restructuring in accordance with StaRUG intended

08-May-2024 / 22:57 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, 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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Endor AG: Exclusive negotiations agreed with strategic investor -
restructuring in accordance with StaRUG intended

Landshut, May 8, 2024 - The Management Board entered into a term sheet to
negotiate exclusively with US-based leader in high-performance gear and
systems for gamers, content creators, and PC enthusiasts CORSAIR® (Nasdaq:
CRSR) on the restructuring of the company, concluding an open-ended and
intensive examination of various offers from investors and after
consultation with its lending banks. This represents a significant milestone
in the sustainable reduction of the company's debt and creates a positive
outlook for the company.

As part of the process, the Management Board has reviewed offers from
various investors, including the efforts of the current main shareholder to
create their own viable concept. However, such a concept has not yet been
successfully created.

Endor AG is to be restructured in accordance with the German Act on the
Stabilization and Restructuring Framework for Companies (StaRUG) due to
imminent insolvency. After completion of the due diligence, the signing of a
binding agreement is expected for end of May, which will promptly be filed
with the restructuring court in Munich.

As part of the restructuring, CORSAIR will take over Endor AG in full and
provide sufficient financial resources to stabilize the company without any
external debt. Endor currently holds approximately EUR 70 million of
external bank debt.

Part of the restructuring plan includes a partial waiver by the banks and a
complete capital reduction, which would lead to current shareholders leaving
the company without compensation and to the Endor AG shares delisting from
the Open Market. Through the partial waiver, the lenders are making a
significant contribution to the continued viability of the company.

Endor will inform the capital markets and the public about the further
progress of the process in accordance with legal requirements.


Notifying person:
Matthias Kosch, CFO


End of Inside Information

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Information and Explanation of the Issuer to this announcement:

Contact:
Endor AG, Investor Relations
Phone: +49(0)871-9221 222
E-Mail: investor_relations@endor.ag


Press and investor enquiries:
Jasmin Dentz, GFD Finanzkommunikation
E-Mail: dentz@gfd-finanzkommunikation.de

Peter Herkenhoff, GFD Finanzkommunikation
E-Mail herkenhoff@gfd-finanzkommunikation.de


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08-May-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:        Endor AG
                   E.ON-Allee 3
                   84036 Landshut
                   Germany
   Phone:          +49-(0)871-9221-122
   Fax:            +49-(0)871-9221-221
   E-mail:         ir@endor.ag
   Internet:       www.endor.ag
   ISIN:           DE0005491666
   WKN:            549166
   Listed:         Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Munich, Stuttgart
   EQS News ID:    1899185

End of Announcement EQS News Service
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1899185 08-May-2024 CET/CEST