EQS-Adhoc: Varengold Bank AG plans restructuring measures in the payment transaction business

Varengold Bank is reviewing the individual issues and will take appropriate restructuring measures in the payment transaction business or adjust the existing payment transaction processes in the
short term. Varengold Bank will clearly restrict payment transactions with some of its international corporate customers in the Commercial Banking division until the final clarification of the
issues. This will lead to a significant loss of commission income. The effects on the issuing of the 2022 annual financial statement and a concrete correction of the earnings forecast for 2023
cannot yet be adequately assessed.

Dr. Bernhard Fuhrmann
Management Board

Frank Otten
Management Board

Disclaimer

This notification is a mandatory notification according to Art. 17 MAR. The assessments contained are subject to the following caveats.

Disclaimer on forward-looking statements / no duty to update

This communication contains forward-looking statements that are subject to certain risks and uncertainties. Future results may differ materially from those currently expected, namely due to various
risk factors and uncertainties such as changes in the business, economic and competitive situation, fluctuations in exchange rates, uncertainties regarding legal disputes or investigations, and the
availability of financial resources. The reader should therefore not over-rely on these statements, particularly in connection with contracts or investment decisions. Varengold Bank AG assumes no
responsibility for updating the forward-looking statements contained in this communication.

Note

This announcement does not constitute an offer or invitation to subscribe for or purchase any securities of Varengold Bank AG in the United States of America, Germany or any other jurisdiction.
This announcement does not constitute a recommendation regarding the placement of the securities described in this announcement.

Contact:
Ms. Sanja Schultz-Szabo (Head of Corporate Development)

End of Inside Information

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02-Jun-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

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Language:	English
Company:	Varengold Bank AG
	Grosse Elbstrasse 39
	22767 Hamburg
	Germany
Phone:	+49 (0)40 / 668649-0
Fax:	+49 (0)40 / 668649-49
E-mail:	[email protected]
Internet:	www.varengold.de
ISIN:	DE0005479307
WKN:	547930
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1648305

End of Announcement	EQS News Service