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cyan publishes quarterly statement for the first quarter of 2021

DGAP-News: cyan AG / Key word(s): Quarter Results cyan publishes quarterly statement for the first quarter of 2021 31.05.2021 / 08:30 The issuer is solely responsible for the content of this announcement. cyan publishes quarterly statement for the first quarter of 2021

Munich, May 31, 2021 - cyan AG generated total earnings of EUR 3.0 million in the first quarter of 2021 with EBITDA of EUR -2.7 million. Overall, business developed very positively on the project side in the first three months, even if this was not yet reflected in revenues - this was, however, within the scope of expectations. In particular, the launch with MobiFone at the end of March and with Orange in France on April 8, but also other projects such as the expansion at Magenta in Austria were finalized and had their market launch after the reporting period. Moreover, the first quarter was marked by a strategic realignment of the company.

Frank von Seth, CEO of cyan AG: "With the start of the new fiscal year, we have also embarked on a new strategic direction. In addition to the telecommunications sector, cyan will invest increasingly in the insurance market, with other sectors to follow. We will also no longer sell cyan's technology exclusively as a white label product in the future. cyan will build up its own product line. In addition, the topics of social responsibility and operational excellence are strategic focus points. From now on, the emphasis will be completely on the end-user, and revenue generation will be almost exclusively based on recurring revenues. The numerous new partnerships and the important project progress create a solid basis for this."

After a successful test phase and adoption of 300.000 existing customers for Child Protection, cyan and Orange successfully launched the two cybersecurity solutions Cyberfiltre and Cyberfiltre Avancé in France at the beginning of April 2021. Orange has been selling cyan's products to business customers in France since then and average weekly growth rates of over 20% have already been reported in the first few weeks. This is a very positive result, given that only five regions have been initially offering the cyberfilter and stores were not yet open nationwide. Futhermore, cyan was also able to advance the introduction of the products in other national companies of the Orange Group. In Slovakia, the project has already started and the launch is planned for the end of 2021. cyan AG is also conducting detailed talks and negotiations with additional national Orange companies.