DGAP-Adhoc

ADVA Optical Networking SE: Acorn HoldCo, Inc., lowers minimum acceptance threshold of the public exchange offer to all shareholders of ADVA

DGAP-Ad-hoc: ADVA Optical Networking SE / Key word(s): Takeover ADVA Optical Networking SE: Acorn HoldCo, Inc., lowers minimum acceptance threshold of the public exchange offer to all shareholders of ADVA 11-Jan-2022 / 00:07 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Ad-hoc notification pursuant to Article 17 of the Market-Abuse-Regulation (EU) No. 596/2014

ADVA Optical Networking SE: Acorn HoldCo, Inc., lowers minimum acceptance threshold of the public exchange offer to all shareholders of ADVA

Munich, Germany, 10 January 2022. On 12 November 2021, Acorn HoldCo, Inc. published the Offer Document to its voluntary public takeover offer (exchange offer) to the shareholders of ADVA Optical Networking SE ("ADVA") to acquire all non-par value bearer shares in ADVA held by them. Completion of the takeover offer is subject to, inter alia, the offer being accepted for at least 70% of all ADVA shares entitled to voting rights existing as of 31 October 2021, as further described in the offer document.

Acorn HoldCo, Inc. has informed ADVA on 10 January 2022, 22.38 hours (local time Frankfurt am Main) that it intends to lower the minimum acceptance threshold for its takeover offer from 70% to 60%. The notification also stated that there will be no further changes to the exchange offer or the offer conditions. If the acceptance threshold is not reached at the end of the acceptance period, the notice says that the offer will fail. Subsequently, ADVA consented to the lowering of the threshold. Acorn HoldCo, Inc. intends to publish the offer document amended accordingly, inter alia, on Internet at https://www.acorn-offer.com. For further details, especially to the method of counting the shares relevant for the minimum acceptance threshold, reference is being made to the amended offer document.