HORNBACH Holding Announces Start of Acceptance Period for Public Delisting Offer for HORNBACH Baumarkt

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN, INTO OR FROM ANY OTHER JURISDICTION WHERE TO DO SO WOULD VIOLATE THE LAWS OF SUCH JURISDICTION

One Group - One Listing

• Offer document published following approval by BaFin
• Acceptance period commences today and ends on February 22, 2022; there will be no additional acceptance period
• Opportunity for all HORNBACH Baumarkt shareholders to tender their shares at an attractive cash consideration of € 47.50 per share, representing a premium of 29.4% on the volume-weighted average price of the last 6 months
• Delisting offer not subject to any closing conditions

BORNHEIM (PALATINATE), GERMANY / ACCESSWIRE / January 14, 2022 / HORNBACH Holding AG & Co. KGaA ("HORNBACH Holding") announces the publication of the offer document for the public delisting tender offer to all shareholders of HORNBACH Baumarkt AG ("HORNBACH Baumarkt"), for the acquisition of all outstanding shares not already held by HORNBACH Holding, following the approval by the German Federal Financial Supervisory Authority ("BaFin"). HORNBACH Holding is the parent company of the HORNBACH Group. HORNBACH Baumarkt is the largest operating subgroup (DIY retail) of HORNBACH Group, which operates a total of 167 outlets and online shops in nine European countries as of November 30, 2021.

The acceptance period starts today and will end at midnight (CET) on February 22, 2022. HORNBACH Baumarkt shareholders can accept the delisting offer by tendering their shares at an offer price of € 47.50 in cash per HORNBACH Baumarkt share. The offer price represents a premium of 29.4% on the volume-weighted average price of the last 6 months and a premium of 13.8% on the last closing price of December 17, 2021, i.e. the last close prior to the ad hoc announcement from HORNBACH Holding confirming its intention to take HORNBACH Baumarkt private.

HORNBACH Baumarkt shareholders who wish to accept the delisting tender offer should contact their respective custodian bank or any other securities services company where their HORNBACH Baumarkt shares are being held.

As announced on December 20, 2021, the delisting of HORNBACH Baumarkt is a logical step in the company's journey. Going forward it enables HORNBACH Holding to improve its capital markets visibility by terminating one of two listings, removing inefficiencies of the legacy structure and communicating one clear equity story as one listed entity.

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