DGAP-News

Scout24 AG successfully completes public repurchase offer at a buyback volume of EUR 794.2 million

DGAP-News: Scout24 AG / Key word(s): Share Buyback Scout24 AG successfully completes public repurchase offer at a buyback volume of EUR 794.2 million 21.04.2021 / 16:59 The issuer is solely responsible for the content of this announcement. Scout24 AG successfully completes public repurchase offer at a buyback volume of EUR 794.2 million

• Successful transaction with 81.6% acceptance rate.
• Capital decrease by 11.4 million shares.
• Next pillar of capital return roadmap in preparation.

Munich / Berlin, 21 April 2021

Scout24 AG has successfully completed its public repurchase offer. During the acceptance period from 1 April 2021 to
16 April 2021, 11,400,875 shares with the corresponding number of tender rights were tendered to the Company at the offer price of EUR 69.66. This corresponds to a buyback volume of EUR 794.2 million and an acceptance rate of 81.6% of the total offer volume of up to EUR 974 million.

The payment of the offer price and the derecognition of the tendered shares from the respective securities accounts is scheduled as per value date 23 April 2021. The redemption of the repurchased shares will take place without undue delay.

"With the announced tender result we have successfully achieved the most important milestone of our capital return roadmap. We are very pleased with the acceptance rate of 81.6% in a highly flexible transaction structure. We believe that this was in the best interest of all our shareholders and appreciate their support and high level of confidence. We will now swiftly implement and communicate the next step in our capital return programme," says Dirk Schmelzer, CFO of Scout24 AG.

The capital return roadmap was set up in connection with the sale of AutoScout24 in March 2020. According to this, capital of up to EUR 1.69 billion is to be returned to shareholders. With the completion of the public repurchase offer, around EUR 1.28 billion of the plan have been fulfilled. The next measure is a share buyback via the stock exchange of up to EUR 200 million.