Disclosure of material transactions with related parties in accordance with Section 111c of the German Stock Corporation Act (AktG).

Delbrück, November 22, 2021 - On November 12, 2021, Voltabox AG ("Voltabox") as seller entered into an agreement with paragon GmbH & Co. KGaA ("paragon") as buyer for the sale and transfer of all fixed and current assets, contracts and rights as well as certain liabilities of the automotive business of Voltabox (the "automotive business") for a purchase price of € 8.6 million plus VAT. The automotive business comprises all products of Voltabox AG for automotive customers, in particular starter batteries. The purchase price to be paid by paragon will be partially offset against repayment claims from shareholder loans granted by paragon to Voltabox in the amount of € 5,408,976.60. The carve-out agreement also includes the granting of an exclusive license for the Voltabox-Flow-Shape-Design(R) technology to paragon for the automotive and aerospace sectors. The company retains all rights to the Flow-Shape-Design technology and will use it for industrial applications (in particular intralogistics, special industrial machinery, buses as well as agricultural and construction machinery). The closing of the agreement is still subject to the approval of the Supervisory Board of Voltabox and will be economically effective as of November 15, 2021. At the time of the conclusion of the agreement, paragon holds approximately 51% of the share capital of Voltabox and is therefore a related party of Voltabox pursuant to Section 111b AktG. The terms and conditions of the purchase agreement, in particular the purchase price, are, in the opinion of the Management Board of Voltabox AG, are to be assessed in line with the arm's length principle. In the purchase agreement, Voltabox also provides certain customary guarantees with respect to the divested business.