Aves One AG: Management Board and Supervisory Board recommend acceptance of the takeover offer by Swiss Life Asset Managers and Vauban Infrastructure Partners

Corporate News

Aves One AG: Management Board and Supervisory Board recommend acceptance of the takeover offer by Swiss Life Asset Managers and Vauban Infrastructure Partners

• Offer at a price of EUR 12.80 per share
• Premium of approximately 38.6 percent on the volume-weighted average share price of the last three months prior to the announcement of the transaction
• Offer period ends on 9 November 2021 at midnight

Hamburg, 29 September 2021 - The Management Board and the Supervisory Board of Aves One AG have today published their joint opinion pursuant to section 27 of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz, "WpÜG") after a thorough review of the public takeover offer of a company controlled by Swiss Life Asset Managers (CH) and Vauban Infrastructure Partners (FR) (the "Bidder"). In this opinion, the members of both boards conclude that the offer and the objectives pursued thereby are in the best interests of the Company, its shareholders and employees. The shareholders are therefore recommended to accept the offer.

The Bidder has published the offer document for the voluntary public takeover offer to acquire all Aves One Shares on 21 September 2021. The Bidder makes an offer to the Aves One Shareholders to acquire their shares for a price of EUR 12.80 per Aves One Share. The offer price represents a premium of approximately 38.6% to the volume weighted average share price of the last three months prior to the announcement of the Transaction. In their opinion, the Management Board and the Supervisory Board conclude that the consideration offered is appropriate. In addition to their own analyses, a fairness opinion was also obtained with regard to the appropriateness from a financial point of view.

The acceptance period began on 21 September and is expected to run until 9 November 2021 at midnight (CET), unless it is extended in accordance with the statutory provisions of the German Securities Acquisition and Takeover Act (WpÜG). If such an extension occurs, it will be published without undue delay. Acceptance of the offer requires a written declaration to the respective custodian bank.

The statement is available for download on the company's website at https://www.avesone.com/en/takeoveroffer.php

About Aves One AG
Aves One AG is an asset owner of durable rail assets with a modern and profitable freight wagon portfolio. Aves One is an established participant in the European rail freight market. Its strategy is geared towards continuous optimisation and further expansion of its rail portfolio. With its registered office in Hamburg, Aves One AG is listed on the regulated market (Prime Standard) of the Frankfurt Stock Exchange (ISIN: DE000A168114; WKN: A16811).

Further Information
www.avesone.com

Contact
Aves One AG
Tobias Aulich, Member of the Management Board
T +49 (40) 238 304 600
E ir@avesone.com