DGAP-Adhoc: HanseYachts Aktiengesellschaft: HanseYachts obtains put option  for selling the shareholding in Privilège Marine SAS

HanseYachts, through its subsidiary Privilège Marine Holding GmbH, today agreed on a unilateral right of sale (put option) to sell its entire shareholding in Privilège Marine SAS, France, to a consortium around its long-time CEO Gilles Wagner and a group of customers of the brand acting as investors.

If HanseYachts exercises the put option after receiving the statement of the works council of Privilège Marine SAS, which must be consulted beforehand under French law, the corresponding share purchase agreement can be expected to be concluded until July 2022; HanseYachts then expects the transaction to be executed by October 2022 at the latest. However, the transaction is still subject to further conditions.

As a result of the sale of Privilège Marine SAS for a symbolic purchase price, HanseYachts AG, as group parent company, would deconsolidate Privilège Marine SAS. In the individual financial statements of HanseYachts AG for the relevant fiscal year prepared in accordance with the German Commercial Code (HGB), significant assets in the amount of approximately EUR 15 million would be written off, while having a significantly smaller impact on the consolidated earnings. Even when taking into account a possible sale, the equity of HanseYachts AG (HGB separate financial statements) has developed positively since the last fiscal year-end (June 30, 2021). An extraordinary, unplanned expense from a projected disposal of assets and liabilities attributable to the company of approximately EUR 1.5 2.0 million would have to be reported in the consolidated financial statements for the relevant fiscal year. In the event of deconsolidation, the Management Board expects corresponding revenue reductions from fiscal year 2022/2023 onwards due to the discontinuation of

catamaran sales (currently contributing approximately 6% to consolidated revenue in the current financial year 2021/2022), but at the same time positive effects on HanseYachts AG's consolidated earnings, particularly in fiscal year 2022/2023, due to the separation from risks. HanseYachts AG is adhering to its most recently published forecast for fiscal year 2021/2022, which ends on June 30, 2022.

HanseYachts AG

Management Board