HORNBACH Holding Announces Start of Acceptance Period for Public Delisting Offer for HORNBACH Baumarkt - Seite 2

Albrecht Hornbach, CEO of HORNBACH Holding, says: "We encourage all HORNBACH Baumarkt shareholders to accept our attractive offer prior to HORNBACH Baumarkt being delisted from the regulated market. They may participate in the future value creation potential of the Group by reinvesting their proceeds in HORNBACH Holding shares. Following the delisting and as one listed HORNBACH Holding entity, we will be more agile in implementing our successful strategy and strengthening our position as one of Europe's most attractive home improvement stocks."

Subject inter alia to their review of the offer document, the Board of Management and the Supervisory Board of HORNBACH Baumarkt support the delisting tender offer and intend to recommend to HORNBACH Baumarkt shareholders to accept it. The Board of Management and the Supervisory Board of HORNBACH Baumarkt will publish a joint reasoned statement in that respect in due course.

The delisting tender offer will not be extended and is not subject to any conditions. The termination of the HORNBACH Baumarkt listing from the regulated market is expected to become effective after the end of the acceptance period of the delisting tender offer by early March 2022 at the latest. Upon the delisting, the trading of HORNBACH Baumarkt shares on the regulated market will terminate, which may result in a very limited liquidity and price availability for the HORNBACH Baumarkt shares. The offer document and a non-binding English translation, alongside other information relating to the delisting tender offer, are available at www.pluto-offer.com .

Copies of the German offer document [and an English convenience translation] can be obtained free of charge through the settlement agent for the delisting tender offer, Deutsche Bank Aktiengesellschaft, TAS, Post-IPO Services, Taunusanlage 12, 60325 Frankfurt, Germany (inquiries via email to [e-mail] m or by fax at [phone]).

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Press and Investor Relations contacts

Antje Kelbert
Head of Communications and Investor Relations
Phone: [phone] / 60 2444
Email: [e-mail]

Florian Preuß
Head of Public Relations
Phone: [phone] / 60 2571
Email: [e-mail]

Anne Spies
Investor Relations Manager
Phone: [phone] / 60 4558
Email: [e-mail]

About HORNBACH Group
HORNBACH is an independent, family-run, and listed company. In the 2020/21 financial year (balance sheet date: February 28, 2021), it increased its (net) sales by 15.4% to € 5.5 billion. Founded in 1877, HORNBACH is the only DIY sector player with a history stretching back six generations. HORNBACH operates 167 DIY stores and garden centers (including specialist retail stores), online shops in nine European countries and 36 building materials stores (under the umbrella of HORNBACH Baustoff Union). HORNBACH's sales concept and its product ranges are fully aligned to the needs of project and commercial customers. The company guarantees permanently low prices to its customers, making it the price leader in its sector. The high quality of advice and excellent service it provides to customers have been documented in numerous independent tests and studies. With pioneering achievements, such as the first combined DIY store and garden center (1968), the first megastore (1980), and the first DIY store with a drive-in facility (2003), HORNBACH has repeatedly demonstrated its power of innovation. The company has also acted as a jobs motor for decades, with more than 24,000 employees now working to advance its success.

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