Mutares SE & Co. KGaA: Annual General Meeting approves dividend of EUR 1.50 per share

- High level of approval for all agenda items

- Additional performance dividend of EUR 0.50 per share results in a dividend increase of 50%.

- Management Board expects another strong year for transactions

- Group revenues to increase significantly in 2021

Munich, 20 May 2021 - The Annual General Meeting of Mutares SE & Co. KGaA (ISIN: DE000A2NB650) today adopted the proposal of the Management Board and the Supervisory Board and approved a dividend of EUR 1.50 per share (previous year: EUR 1.00 per share) for the financial year 2020. This consists of a basis dividend of EUR 1.00 per share and a performance dividend of EUR 0.50 per share. Thus, taking into account treasury shares, a total of approximately EUR 23.1 million (previous year: EUR 15.2 million) will be distributed from the retained earnings of Mutares SE & Co. KGaA. The members of the Management Board, the Supervisory Board and the Shareholders' Committee were also discharged by the shareholders for the past financial year. The voting presence at the Annual General Meeting was 50.34%.

In its presentation, the Management Board reviewed the financial year 2020, which was rich in transactions with eleven completed acquisitions and - despite the negative impact of the COVID-19 pandemic - extraordinarily successful. The Management was optimistic about the outlook for the current financial year: The Management Board expects transactions to remain highly dynamic, both on the buy and sell side. Overall, a significant increase in revenues to at least EUR 2.2 billion is expected for the current financial year.

Based on the year to date, the Management Board can also look back on successful months, which were characterized by a high level of activity with four completed acquisitions and two completed exits with ROIC (Return on Invested Capital) of > 10, as well as the signing of an agreement for the sale of STS Group and further three signings for the acquisition of ADComms from Panasonic as a platform investment, the acquisition of NCC Road Services A/S as an add-on for the Terranor Group and the acquisition of three Exteriors Plants from Magna as a platform investment. For the transactions of STS, ADComms and NCC Road Services A/S, as well as for the acquisition of Lapeyre already signed in December 2020, closing is still expected in the second quarter of 2021. The closing of the acquisition of the three Exteriors Plants from Magna is expected for the third quarter of 2021.

Robin Laik, CEO of Mutares Management SE as general partner of Mutares SE & Co. KGaA, comments: "We were again able to demonstrate a high level of transaction activity and exceed our growth targets despite the pandemic-related restrictions in the financial year 2020. I am proud of the performance of the entire Mutares team. As promised, we are giving our shareholders a significant share in the Company's success with a significant dividend increase of 50% to EUR 1.50 per share. At the same time, we have every reason to look ahead with optimism. As the development in the year to date shows, we are keeping the pace of growth high at all levels, both operationally and in terms of transactions, so that 2021 will be another record year for Mutares."

All the resolutions proposed under the agenda items received clear approval from the Annual General Meeting. Further information on the Annual General Meeting 2021 and the detailed voting results will be available shortly at https://mutares.de/investor-relations/#hauptversammlung-2021.

Company profile Mutares SE & Co. KGaA

Mutares SE & Co. KGaA, Munich (www.mutares.com), as a listed private equity holding company with offices in Munich (HQ), Frankfurt, London, Madrid, Milan, Paris, Stockholm and Vienna, acquires medium-sized companies and parts of larger groups with headquarters in Europe that show a clear potential for operational improvement and are sold again after undergoing a repositioning and stabilization process. Mutares actively supports and develops its portfolio companies with its own investment and consulting teams as well as through acquisitions of strategic add-ons. With for aim a ROIC (Return on Invested Capital) of 7 to 10 times on the total investment with a focus on sustainable growth of the portfolio companies. In 2020, Mutares SE & Co. KGaA generated consolidated revenues of approx. EUR 1.6 billion employing more than 12,000 people worldwide. Based on this, consolidated revenues are expected to increase to approximately EUR 3.0 billion by 2023. Mutares is strongly committed to a sustainable dividend policy consisting of a base dividend and a performance dividend. The shares of Mutares SE & Co. KGaA are listed on the Frankfurt Stock Exchange under the ticker symbol "MUX" (ISIN: DE000A2NB650).

For more information, please contact:

Mutares SE & Co. KGaA
Investor Relations
Phone +49 89 9292 7760
E-mail: [email protected]
www.mutares.de

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