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Insider Information (Ad-Hoc Press Release) pursuant to Article 17 MAR

GERRY WEBER International AG: Preliminary figures indicate that earnings forecast for fiscal year 2021 will be significantly exceeded

(Halle/Westphalia, 31 March 2022) - GERRY WEBER Group announces preliminary figures for fiscal year 2021. According to these figures, normalized consolidated EBITDA (excluding the effects of lease accounting under IFRS 16) will be between EUR 25m and EUR 30m, and thereby significantly exceed the original forecast of a negative low double-digit million figure. Even without the recognition of the interim state aid III (Überbrückungshilfe III) in an amount of EUR 29.1m in the income statement, EBITDA (excluding the effects of lease accounting under IFRS 16) will exceed the original forecast of a negative low double-digit million figure. Based on these preliminary figures, the company generated consolidated sales at the lower forecast range of EUR 260m and EUR 280m in fiscal year 2021 and thus met its guidance.

Taking into account the interest rate and valuation conditions in which our company operates, a revaluation will be necessary with respect to lease accounting in fiscal year 2021, which will also impact the reference period 2020. For fiscal year 2020, we expect a value decrease for lease accounting in fixed assets and liabilities in the mid double-digit million range. Consolidated sales will not be affected by the changes in 2020 and 2021, and consolidated EBITDA will only be affected marginally.

In light of the ongoing COVID-19 pandemic and the uncertainties regarding the further development of the Russia-Ukraine conflict, the Managing Board will most likely make further statements regarding the previous forecast for fiscal year 2022 when the final financial figures for fiscal year 2021 are published on 29 April 2022.

The Managing Board

Communicating person:

Florian Frank

Member of the executive board

Tel.: +49 5201 185-140

[email protected]