Mutares SE & Co. KGaA / Key word(s): Mergers and Acquisitions / Sale of Business Units
Mutares signs agreement to sell Guascor Energy to Oaktree for an Equity Value of EUR 74.0 million

11-Nov-2026 / 17:05 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group.
The issuer is solely responsible for the content of this announcement.

Publication of inside information pursuant to Article 17 MAR of Regulation (EU) No 596/2014

NOT FOR PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN OR ANY OTHER COUNTRY IN WHICH SUCH PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT DISCLAIMER AT THE END OF THIS ANNOUNCEMENT.

Munich, November 11, 2026 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) (“Mutares”) has today signed an agreement to sell 100% of the shares in its portfolio company Guascor Energy S.A.U. and sister company Guascor Power USA, Inc. (jointly “Guascor”) to Oaktree’s Power Opportunities strategy (“Oaktree”) for an Equity Value of EUR 74.0 million.

Guascor was acquired by Mutares from Siemens Energy in November 2022 as part of a carve-out transaction and has since been developed into an independent provider of engineered energy solutions.

Closing of the transaction is expected by the end of the fourth quarter of 2026 and remains subject to customary closing conditions, including the receipt of required merger control approvals.

This announcement is an ad hoc announcement pursuant to Article 17 MAR of Regulation (EU) No 596/2014 on market abuse. It does not constitute financial analysis or advice or recommendation relating to financial instruments, nor is this announcement an offer to buy or a solicitation of an offer to buy securities in the United States of America (“United States”), Australia, Canada, Japan or any other jurisdiction in which an offer is restricted by law.

The securities of Mutares referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration under the Securities Act or an exemption from registration under the Securities Act. Subject to certain exemptions, the securities referred to in this announcement may not be sold or offered for sale in Australia, Canada or Japan, or to or for the account or benefit of Australian, Canadian or Japanese residents. There will be no registration of the securities referred to in this announcement under the Securities Act or any applicable laws in Australia, Canada or Japan. There will be no public offering of the securities in the United States.

Certain statements in this ad hoc announcement are forward-looking statements. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial consequences of the plans and events described herein. No one undertakes any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. You should not place undue reliance on forward-looking statements, which speak only as of the date of this ad hoc announcement.

For more information:

Investor Relations
Eva Höfer
Phone: +49 89 9292 7760
Email: ir@mutares.com
www.mutares.com

CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone: +49 89 125 09 0333
Email: sh@crossalliance.de
www.crossalliance.de

End of Inside Information

11-Nov-2026 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Language:

English

Company:

Mutares SE & Co. KGaA

Arnulfstr.19

80335 Munich

Germany

Phone:

+49 (0)89-9292 776-0

Fax:

+49 (0)89-9292 776-22

E-mail:

ir@mutares.de

Internet:

www.mutares.de

ISIN:

DE000A2NB650

WKN:

A2NB65

Indices:

SDAX

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate BSX

LEI Code:

391200NWMO6NLQFSCU64

EQS News ID:

2431114

End of Announcement

EQS News Service