EXASOL SUCCESSFULLY COMPLETES CAPITAL INCREASE AND GENERATES GROSS PROCEEDS OF 7.1 MILLION EUROS 

• 2,443,887 new shares placed at a price of EUR 2.90
• Gross proceeds amount to approximately EUR 7.1 million
• Due to high demand, bookbuilding was completed shortly after the launch.
• Issue proceeds strengthen the company's balance sheet and support long-term growth strategy 

Nuremberg, 30.06.2023 - Exasol AG (ISIN DE000A0LR9G9) has successfully placed 2,443,887 new shares with institutional and qualified investors. The issue was carried out as part of a private placement by way of an accelerated bookbuilding process excluding subscription rights and by partially utilizing the authorized capital. The new shares were placed at a price of EUR 2.90 per share, resulting in gross proceeds of approximately 7.1 million euros.

The net proceeds from the Capital Increase are primarily to be used to improve the Company's equity base. Furthermore, the additional funds are to support the company's long-term growth strategy. Due to high demand, bookbuilding was completed shortly after the launch. Several members of both the management board and supervisory board also committed to purchase shares alongside and as part of the Capital Increase.

"We would like to thank all investors for their support. The proceeds from the issue strengthen our balance sheet in the long term, putting us in a much more robust position in the current macroeconomic environment, which is a significant factor for our employees, customers and service providers," said Jan-Dirk Henrich, CFO of Exasol. "We remain unwaveringly committed to our goal of becoming operationally profitable in the second half of the year. For the period thereafter, the issue proceeds give us additional flexibility to invest selectively in our growth."

"I am pleased that we were able to convince many investors of Exasol's good growth prospects," adds Jörg Tewes, CEO of Exasol AG. "The market for data analytics continues to be dynamic and offers great potential for innovative companies like us. We can now exploit this potential even better for ourselves."

The New Shares will have the same rights as the existing shares (including the dividend entitlement for the financial year 2023) and are expected to be included in trading on the European SME Growth Market "Scale" of the Frankfurt Stock Exchange without a prospectus. Delivery of the New Shares is expected to take place on or about July 04, 2023.

Hauck Aufhäuser and M.M.Warburg & CO acted as Joint Global Coordinators for the capital increase.

Exasol Investor Relations Contact

Christoph Marx
Head of Investor Relations
Tel: +49 911 2399 114
E-Mail: [email protected]