ProCredit Holding AG has successfully placed EUR 125m Green Tier 2 Bonds

Frankfurt/Main, 25 April 2024 – ProCredit Holding has successfully placed green Tier 2 subordinated bonds with international and domestic institutional investors. The transaction took place just four weeks after the Management Board of ProCredit Holding published and presented to the capital markets the updated business strategy for the ProCredit group, which envisages ambitious growth in the coming years. The strong demand for the bond enabled ProCredit Holding to increase the originally expected placement volume from EUR 100m to EUR 125m. This transaction will increase the ProCredit group's total capital ratio by approximately two percentage points. It stood at 15.8% at the end of 2023.

“We are very pleased with the swift conclusion of this transaction. At our Capital Markets Day on 21 March 2024, we laid out how we aim to grow our loan portfolio to more than EUR 10bn as well as more than double the number of our clients over the coming years. This green bond placement helps pave the way for this ambitious growth and demonstrates at the same time a strong level of investor confidence in our updated strategy” said Hubert Spechtenhauser, Chairperson of the Management Board of ProCredit Holding AG.

Goldman Sachs Bank Europe SE acted as Sole Global Coordinator and Sole Bookrunner for the transaction. The bonds are rated BB- by Fitch Ratings and listed on the Euro MTF market of the Luxembourg Stock Exchange.

Contact:

Martin Godemann, Group Funding, ProCredit Holding, Tel.: +49 69 95 14 37 160,

E-mail: Martin.Godemann@procredit-group.com

About ProCredit Holding AG

ProCredit Holding AG, based in Frankfurt am Main, Germany, is the parent company of the development-oriented ProCredit Group, which consists of commercial banks for small and medium enterprises (SMEs). In addition to its operational focus on South Eastern and Eastern Europe, the ProCredit group is also active in South America and Germany. The company’s shares are traded on the Prime Standard segment of the Frankfurt Stock Exchange. The main shareholders of ProCredit Holding AG include the strategic investors Zeitinger Invest GmbH and ProCredit Staff Invest GmbH & Co KG (the investment vehicle for ProCredit staff), KfW, the Dutch DOEN Participaties BV and the European Bank for Reconstruction and Development. As the group’s superordinated company according to the German Banking Act and as the parent financial holding company of the ProCredit financial holding group, ProCredit Holding AG is supervised on a consolidated level by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin) and the German Bundesbank. For additional information, visit: https://www.procredit-holding.com/

Disclaimer

This announcement does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities. Neither this announcement nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction.

This communication is an advertisement. The final prospectus in relation to the bonds is available on the website of the Luxembourg Stock Exchange (www.luxse.com).

This announcement does not constitute an offer to sell or a solicitation of an offer to purchase any securities in the United States. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the \"Securities Act\"), or the laws of any state within the U.S., and may not be offered or sold in the United States absent registration or an applicable exemption from registration or in a transaction not subject to the registration requirements of the Securities Act. There will be no offering of the securities in the United States. This announcement and the information contained herein may not be distributed or sent into the United States, or in any other jurisdiction in which offers, or sales of the securities described herein would be prohibited by applicable laws and should not be distributed to publications with a general circulation in the United States. The bonds are being offered and sold outside the United States only in reliance on Regulation S under the Securities Act.

In the United Kingdom, this announcement is only being distributed to and is only directed at (i) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the \"Order\") and (ii) high net worth entities falling within Article 49(2) of the Order and (iii) persons to whom it would otherwise be lawful to distribute it (all such persons together being referred to as \"relevant persons\"). The bonds are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such bonds will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this announcement or any of its contents.

None of the sole bookrunner or any of its directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to ProCredit Holding or any of its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith.

The sole bookrunner has acted exclusively for ProCredit Holding and no one else in connection with the transaction. It will not regard any other person as its clients in relation to the transaction and will not be responsible to anyone other than ProCredit Holding for providing the protections afforded to their respective clients, nor for providing advice in relation to the transaction, the contents of this announcement or any arrangement or other matter referred to herein.

Forward-looking statements

This press release contains statements relating to our future business development and financial performance, as well as statements relating to future actions or developments affecting ProCreditHolding which may constitute forward-looking statements. Such statements are based on the management of ProCredit Holding’s current expectations and specific assumptions, many of which are beyond the control of ProCreditHolding. They are therefore subject to a multitude of risks, uncertainties and factors. Should one or more of these risks or uncertainties materialise, or should underlying expectations or assumptions prove incorrect, then the actual results, performance and achievements (both negative and positive) of ProCredit Holding may differ significantly from those expressed or implied in the forward-looking statement. Beyond the legal requirements, neither ProCredit Holding nor the sole bookrunner undertakes any obligation to update these forward-looking statements or to correct them in the event of deviations from the expected development.