EQS-Adhoc

The Social Chain AG: Sale of the Agency Business in UK and USA

EQS-Ad-hoc: The Social Chain AG / Key word(s): Disposal/Investment The Social Chain AG: Sale of the Agency Business in UK and USA 03-Feb-2023 / 08:28 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Publication of Insider Information according to Article 17 of Regulation (EU) No. 596/2014

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The Social Chain AG: Sale of the Agency Business in UK and USA

Berlin, February 3, 2023 – The Social Chain AG (WKN: A1YC99, ISIN:DE000A1YC996, Ticker: PU11) (the „Company“) is selling its agency business in UK and the United States. Today, a respective share transfer and purchase agreement has been signed pursuant to which the entire share capital of Social Chain Ltd (Manchester) including its direct subsidiary Social Chain USA Inc (New York) is sold and transferred to Brave Bison Group PLC. In the course of the transaction, all trademarks containing the name “Social Chain” will be sold and assigned to the buyer as well. The Company and the German based agency are both granted a comprehensive license for the use of the respective trademarks. The Company´s supervisory board has already approved the transaction.

As consideration for the sale and transfer of the share capital the parties agreed on a total purchase price in a converted amount of approximately EUR 20 mio. (on a cash/debt free basis), whereby an initial consideration in the converted amount of approximately EUR 8.7 mio. (before cash/debt free adjustments) is being paid on the completion date. A conditional contigent consideration is due for payment – subject to sufficient business development of the target companies – in three installments until 2025.