Meyer Burger announces the terms of its rights issue of around CHF 200 million and amends its proposals to the EGM - Seite 2

Implementation of the rights issue

Eligible Meyer Burger shareholders are expected to receive one subscription right for each registered share they hold as of March 19, 2024 (after close of trading). Subject to legal restrictions, 5 subscription rights will entitle their holders to subscribe for 28 new shares. The subscription period is expected to begin on March 20, 2024 and to end on April 2, 2024 at 12:00 noon CEST. Trading in the subscription rights on the SIX Swiss Exchange is expected to commence on March 20, 2024 and to end on March 26, 2024. Subscription rights that are not validly exercised during the subscription period will expire without compensation. The Company expects to announce the take-up of the rights issue on or around April 2, 2024 after close of trading.

Shares for which subscription rights have not been exercised during the subscription period may be placed in a share placement as will be further set out in the prospectus, at or above the offer price of CHF 0.01 per share. Such share placement may be effected by way of a public offering in Switzerland and private placements to investors outside Switzerland and the United States. The Company expects to announce the final number of shares sold in the capital increase before start of trading on or around April 3, 2024.

The Company expects the delivery of the new shares against payment of the offer price or the placement price to take place on or around April 5, 2024.

At the beginning of the subscription period, it is expected that the custodian banks will automatically credit the subscription rights to the securities accounts of the eligible shareholders. Eligible shareholders should direct any questions regarding the exercise of their subscription rights to their custodian banks. Shareholders should note that custodian banks may set an earlier deadline for the exercise of subscription rights than the end of the official subscription period.

The Board of Directors reserves the right to amend the timeline of the rights issue and to terminate the rights issue at any time.

Backstop commitments of the company's largest shareholder and biggest U.S. customer of up to CHF 67.5 million

Sentis Capital has committed, in a total amount of up to CHF 50 million, to exercise all of its subscription rights, to potentially buy rights in the market, and as a backstop, to purchase shares that have not been subscribed for in the rights issue. In addition, an affiliate of DESRI has committed to purchase shares that have not been subscribed for in the rights issue in a total amount of up to USD 20 million (CHF 17.5 million). Together, these commitments cover approximately 33.5% of the target gross proceeds of the capital increase. Sentis Capital has entered into a lock-up undertaking for a period of three months after the first day of trading of the new shares, subject to exceptions. DESRI has entered into a lock-up undertaking for a period of four months after the first day of trading of the new shares, subject to exceptions.