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windeln.de initiates consultation process on the discontinuation of the Bebitus business

DGAP-News: windeln.de SE / Key word(s): Strategic Company Decision/9 Month figures windeln.de initiates consultation process on the discontinuation of the Bebitus business 27.10.2021 / 10:30 The issuer is solely responsible for the content of this announcement. windeln.de initiates consultation process on the discontinuation of the Bebitus business

• Negotiations on sale of Bebitus business remain without result
• Management Board decides to initiate the procedure for a discontinuation of the Bebitus business provided for under Spanish law and to begin negotiations with the Bebitus workforce
• Management Board maintains the forecast for fiscal year 2021 adjusted in the summer

Munich, 27. Oktober 2021: windeln.de SE ("windeln.de", "Group" or "Company"; ISIN DE000WNDL201) today announces that the intended sale of the Southern European business unit Bebitus could not be realized. The Management Board of windeln.de SE had been in negotiations with various parties regarding a possible sale since March 2020. The sales process was significantly complicated by the outbreak of the corona pandemic. The Company had already indicated in the 2021 half-year report that the Bebitus business might be abandoned if no buyer could be found. In the absence of a concrete purchase offer, the Management Board has now decided to initiate a formal consultation process, which may lead to the closure of the Bebitus business.

In the coming weeks, negotiations on the modalities of a discontinuation of the Bebitus business will take place with an employee representative body to be formed under Spanish law for this purpose, the outcome of which will be implemented, subsequently.

A possible closure of operations and discontinuation of the Bebitus business would have no impact on the adjusted forecast for the fiscal year 2021 as published on August 9, 2021. The Management Board of windeln.de adheres to this forecast.

Matthias Peuckert, CEO of windeln.de, comments: "Our ambition is to stop the loss-making business unit from having a negative impact on the Group's earnings. In the coming weeks, we will negotiate with the elected representative body in an open-ended manner in order to achieve a satisfactory result."