Wirecard AG

Wirecard and SoftBank formalize strategic cooperation agreement

Aschheim (Munich) (ots) - Wirecard AG (Wirecard) and a subsidiary
of SoftBank Group Corp. (SoftBank) have signed the final documents
for the issue and subscription of the Wirecard convertible bond and
the strategic cooperation agreement, in each case following
Wirecard's shareholder approval and the execution of the term sheet
and memorandum of understanding between Wirecard and the SoftBank
subsidiary on 24 April 2019.

Under the terms of the bond purchase agreement, and in accordance
with the approval of Wirecard's shareholders at its Annual General
Meeting on 18 June 2019, convertible bonds with a total nominal value
of EUR 900,000,000.00 combined with conversion rights to a total of
6,923,076 shares in Wirecard (corresponding to around 5.6 % of
Wirecard's current share capital) will be issued to the SoftBank
subsidiary excluding shareholders' subscription rights. The bonds
have a five-year term. The capital proceeds will support Wirecard in
its continued investment in innovative payment and financial
services, for the repayment of existing loans and for potential share
buyback programs.

The strategic partnership provided for in the cooperation
agreement will facilitate both companies to pursue global growth
opportunities and synergy effects, including through the SoftBank
ecosystem in the fields of digital financial services, data analysis
and artificial intelligence, as well as SoftBank's support of
Wirecard's planned geographic expansion into Japan and South Korea.
The joint development of innovative financing solutions has also been
identified as a potential area for collaboration.

The ambitious goals arising from the strategic cooperation with
the SoftBank subsidiary are already pursued. Wirecard has already
announced global partnerships with AUTO1 Group, Brightstar and OYO.
The innovative and global orientation of both partners provides an
extensive pipeline of collaboration and business opportunities with a
number of active discussions already underway across the SoftBank
ecosystem.

About Wirecard:

Wirecard (GER:WDI) is one of the world's fastest growing digital
platforms in the area of financial commerce. We provide both business
customers and consumers with a constantly expanding ecosystem of
real-time value-added services built around innovative digital
payments by using an integrated B2B2C approach. This ecosystem
concentrates on the areas payment & risk, retail & transaction
banking, loyalty & couponing, data analytics & conversion rate
enhancement in all sales channels (online, mobile, ePOS). Wirecard
operates regulated financial institutions in several key markets and
holds issuing and acquiring licenses from all major payment and card
networks. Wirecard AG is listed on the Frankfurt Stock Exchange (DAX
and TecDAX, ISIN DE0007472060). Visit us on www.wirecard.com, follow
us on Twitter @wirecard and on Facebook @wirecardgroup.

Originaltext: Wirecard AG
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ISIN: DE0007472060

Wirecard Contact:
Iris Stöckl, VP IR/ Corp. Comm.
Tel.: [phone]
Email: [e-mail]
ISIN DE0007472060
Reuters: WDI.GDE
Bloomberg: WDI GY