Upcoming Appraisal Procedures

by Attorney Martin Arendts, M.B.L.-HSG, ARENDTS ANWÄLTE

The law firm ARENDTS ANWÄLTE represents and advises minority shareholders, in particular, in the following upcoming stock corporation law proceedings and structural measures:

• All for One Group SE: public tender offer by the VINCI Group

• AUSTRIACARD HOLDINGS AG (Austria): squeeze-out in favor of DAI NIPPON PRINTING CO., LTD.

• Berentzen-Gruppe Aktiengesellschaft: tender offer by SAZERAC COMPANY, INC.

• Biogena Group Invest AG (Austria): Merger with Biogena Good Vibes AG

• capsensixx AG: Squeeze-out under merger law in favor of PEH Wertpapier AG for EUR 20.23 per share; merger and squeeze-out resolution registered on July 31, 2026 (deadline November 2, 2026)

• CECONOMY AG: Delisting planned; the European Commission intends to review the acquisition by JD.com (subsidies from third countries?)

• centrotherm international AG: Squeeze-out under merger law in favor of Centrotherm AcquiCo AG at EUR 8.74 per share; annual general meeting on June 30, 2026; registration delayed by an action to set aside the resolution

• Covestro AG: Successful takeover bid by XRG (formerly: Adnoc) at EUR 62 per Covestro share, squeeze-out under stock corporation law at EUR 59.46, Annual General Meeting on May 19, 2026, registration delayed by several actions to set aside the resolution

• Delivery Hero SE: Business Combination Agreement concluded with Uber, voluntary public tender offer

• Evonik Industries AG: Possible voluntary public tender offer by BASF SE

• Hamburger Hafen und Logistik AG (HHLA): Successful tender offer by Port of Hamburg Beteiligungsgesellschaft SE, a subsidiary of MSC Mediterranean Shipping Company S.A.; squeeze-out at EUR 21.16 per share; annual shareholders’ meeting on June 11, 2026; registration delayed due to actions to set aside the transaction

• Fernheizwerk Neukölln AG: Delisting tender offer announced

• HORNBACH Baumarkt AG: HORNBACH Holding AG & Co. KGaA has increased its stake to 95.3%; will a squeeze-out follow?

• HUGO BOSS AG: Takeover offer by Frasers Group; offer document published; Management Board and Supervisory Board recommend not accepting Frasers Group’s voluntary takeover offer

• InnoTec TSS AG: Mandatory public offer by GLI Beteiligungsgesellschaft mbH and Grondbach GmbH

• Klöckner & Co SE: Successful takeover offer; Worthington Steel has entered into a control and profit transfer agreement; approval to be sought at the extraordinary general meeting on October 23, 2026; delisting: review of the consideration only for accepting shareholders

• Kontron AG (Austria): Acquisition of control and takeover offer by Ennoconn Corporation

• LS INVEST AG (formerly: IFA Hotel & Touristik AG): Squeeze-out request by the majority shareholder Lopesan Touristik, S.A.U.

• Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG: Delisting agreement with Bayerische Gewerbebau AG, mandatory offer and delisting tender offer, judicial review proceedings only for accepting shareholders

• Nagarro SE: Merger agreement with Persistent Systems, public tender offer announced, delisting planned

• niiio finance group AG: Squeeze-out in favor of Neptune BidCo AG for EUR 0.69 per niiio share, annual general meeting on July 30, 2026, entry in the commercial register on August 12, 2026

• Northern Data AG: Squeeze-out in favor of Rumble Deutschland AG announced

• NÜRNBERGER Beteiligungs-AG: Squeeze-out in favor of VIENNA INSURANCE GROUP AG (Wiener Versicherung Gruppe)

• PSI Software SE: Takeover offer by Warburg Pincus; delisting tender offer announced

• RHÖN-KLINIKUM AG: Squeeze-out in favor of Asklepios Kliniken GmbH & Co. KGaA

• Staatl. Mineralbrunnen Aktiengesellschaft Bad Brückenau: Squeeze-out in favor of VFHV GmbH; Annual General Meeting on August 20, 2026

• Tele Columbus AG: Squeeze-out in favor of Kublai GmbH; valuation work reportedly on hold

• Vectron Systems AG: Squeeze-out announced

• VIB Vermögen AG: Control and Profit Transfer Agreement between DIC Real Estate Investments GmbH & Co. Kommanditgesellschaft auf Aktien as the controlling entity and VIB as the controlled entity; registration initially delayed by an action to set aside, now registered on August 27, 2026

(Information provided without guarantee)

Further information: kanzlei@anlageanwalt.de

RUM Group Inc. to Acquire Additional Shares of Northern Data to Reach Approx. 98% Ownership

LONGBOAT KEY, Fla., Sept. 10, 2026 (GLOBE NEWSWIRE) -- RUM Group Inc. (Nasdaq: RUM) ("RUM Group" or the "Company") today announced that it expects to acquire additional outstanding shares of Northern Data AG ("Northern Data"), a leading provider of AI and high-performance computing (HPC) infrastructure, to increase its ownership in Northern Data from 85.2% to approximately 98%. RUM Group also delivered notice to Northern Data that it intends to commence squeeze-out proceedings under the German Stock Corporation Act to acquire the remaining approximately 2% of Northern Data's outstanding shares, which, upon completion, will bring RUM Group's ownership percentage to 100%.

RUM Group is acquiring the additional shares from Tether Investments, S.A. de C.V. ("Tether") under the existing Transaction Support Agreement, pursuant to which Tether agreed to exchange, at the end of each calendar month, any additional Northern Data shares acquired by Tether for shares of RUM Class A common stock (or pre-funded warrants in lieu thereof) at the Offer Ratio of 2.0281 shares of RUM Class A common stock for each Northern Data share delivered. On September 2, 2026, Tether reported that it had agreed to acquire 8,256,155 Northern Data shares. RUM Group understands that these acquisitions are expected to settle in time to allow for an exchange of the acquired Northern Data shares against newly issued pre-funded warrants with RUM Group on or about September 30, 2026 under the terms of the Transaction Support Agreement.

Upon acquisition of the additional Northern Data shares from Tether, RUM Group will submit a formal squeeze-out request to Northern Data. The price to be paid in the squeeze-out may differ from the market price of Northern Data shares and prices paid by other shareholders in bilateral trades, including by Tether.

This announcement comes on the heels of a previously announced $13.7 billion GPU services agreement with an unaffiliated U.S.-based third party cloud customer for the Company's site in Maysville, GA (see Form 8-K).

About RUM Group Inc.

RUM Group Inc. is an AI infrastructure and video company. Its Quake AI business delivers AI compute as a service, operating AI data centers including GPU and CPU compute, storage, and networking at scale. Rumble, RUM Group's video business and the original tenant of Quake AI, provides creators and enterprises a full suite of video technologies, unlocking reach, scale, and monetization. RUM Group is building the rails of the agentic-first enterprise: the AI compute, cloud infrastructure, and trust layer for the agentic AI future, advancing RUM Group's mission to maximize the power of human imagination. For more information, visit www.rum.group.

Forward-Looking Statements

Certain statements in this press release constitute "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. (...)

VINCI Energies Deutschland Enterprise Solutions Acquico SE: VINCI Energies has already secured 83.56 percent of All for One shares prior to the end of the acceptance period

Frankfurt am Main, September 10, 2026

Press Release

- Based on the current acceptance level and shares otherwise secured, the minimum acceptance threshold of 75% plus one share has been reached

- Acceptance period will end on September 15, 2026, and the additional acceptance period on October 2, 2026

- Shareholders may tender their shares for €67.50 per share in cash

VINCI Energies Deutschland Enterprise Solutions AcquiCo SE, an indirect subsidiary of VINCI S.A., announced that as of September 9, 2026, it has secured approximately 83.56% of All for One’s outstanding shares. This reflects shares tendered into the offer as well as shares acquired through market and off-market purchases.

Based thereon, the minimum acceptance threshold of 75% plus one share has already been reached ahead of the end of the acceptance period.

The acceptance period will end at midnight (Frankfurt am Main local time) on September 15, 2026. Shareholders who have not yet tendered their shares may still do so until the end of the additional acceptance period on October 2, 2026, for a cash consideration of €67.50 per share. Once the additional acceptance period has expired, the offer can no longer be accepted. Shareholders wishing to accept the offer should promptly contact the custodian bank or any other securities services provider where their shares are held.

The offer price of €67.50 per share represents a premium of 105.4% to the three-month volume-weighted average share price before the offer was announced on July 16, 2026, and 94.5% to the Xetra closing price of All for One’s shares on July 15, 2026. Both the Supervisory Board and Management Board of All for One Group SE regard the cash consideration of €67.50 per share as fair and adequate and recommend shareholders to accept the offer.

Shareholders with questions may also contact the shareholder hotline on:
+49 69 920 149 711 (Monday to Friday, 9:00 a.m. to 5:00 p.m. CET)

About VINCI Energies

In a world undergoing constant change, VINCI Energies contributes to the environmental transition by helping bring about major trends in the digital landscape and energy sector. VINCI Energies’ teams roll out technologies and integrate customised multi-technical solutions, from design to implementation, operation and maintenance. With their strong local roots and agile and innovative structure, VINCI Energies’ 2,200 business units have positioned themselves boosting the reliability, efficiency and sustainability of their customers’ infrastructure and processes. VINCI Energies strives for global performance, caring for the planet, useful to people and committed to local communities.

2025: Revenues of €21.6 billion // 109,000 employees // 2,200 Business Units // 60 countries

www.vinci-energies.com

About Axians

Axians, the ICT brand of VINCI Energies, supports its customers — private-sector companies, public-sector entities, operators and service providers — in their infrastructures and digital solutions development.

Axians offers a comprehensive range of ICT solutions and services spanning business applications and data analytics, digital workspaces, enterprise networks, datacenters, cloud services, cybersecurity and telecommunications infrastructure. Axians’ specialized consulting, design, integration and service teams develop bespoke digital transformation solutions that contribute to successful business outcomes for its customers.

2025: Revenues of €3.8 billion // 16,000 employees // 36 countries

www.axians.com

About All for One Group

All for One Group is an international IT, consulting and service provider with a strong SAP focus. It supports more than 4,500 customers — primarily in Germany, Austria, Poland and Switzerland — end-to-end in their sustainable IT, cloud, AI and business transformation. Its ambition is to translate technology into tangible business value. At the center of this are SAP Cloud ERP as the digital core and AI solutions for intelligent, enterprise-wide and industry-specific processes.

In fiscal year 2024/25, All for One generated revenue of EUR 504 million. The company, headquartered in Filderstadt near Stuttgart, is listed in the Prime Standard of the Frankfurt Stock Exchange.

www.all-for-one.com/ir

PSI enters into a Delisting Agreement with Warburg Pincus; Warburg Pincus announces public delisting acquisition offer for PSI Software SE

Corporate News

- PSI enters into delisting agreement with Warburg Pincus

- Warburg Pincus announces public delisting acquisition offer

- Management Board and Supervisory Board consider the implementation of PSI’s long-term strategy outside the public capital markets environment to be beneficial for the Company and support the delisting announced by Warburg Pincus

Berlin, 8 September 2026 – Today, PSI Software SE (“PSI” or “Company”) (ISIN: DE000A0Z1JH9, stock exchange symbol: PSAN), a leading global provider of energy and industrial software for the control and optimization of complex systems and processes, and its majority shareholder Zest Bidco GmbH, a holding company indirectly controlled by funds managed by Warburg Pincus LLC (collectively “Warburg Pincus” or the “Bidder”), entered into a delisting agreement concerning PSI.

As a result of the delisting agreement, Warburg Pincus has announced its intention to make a public delisting acquisition offer (the “Offer”) for all outstanding shares of PSI (“PSI Shares”). The Offer will provide for a cash consideration equal to the statutory minimum price, i.e., equal to the weighted average domestic stock exchange price of the PSI Share over the past six months, and for a four-week acceptance period. It will not be subject to any conditions.

The Offer by Warburg Pincus and the resulting delisting are a long-announced component of the strategic partnership that PSI, Warburg Pincus, and E.ON entered into with their Investment Agreement dated 12 October 2025, which is aimed at promoting PSI’s long-term and sustainable growth. The first steps in this process were the voluntary public takeover offer by Warburg Pincus to PSI’s shareholders which was completed in mid-2026 following approval by the Federal Ministry for Economic Affairs and Energy, as well as PSI’s capital increase in July 2026.

The Management Board and the Supervisory Board of PSI support the Offer and intend, subject to their review of the offer document yet to be published by Warburg Pincus as part of their fiduciary duties, to recommend the acceptance of the Offer to PSI’s shareholders. Subject to the same requirement, the Management Board will apply for the delisting of PSI Shares from trading on the regulated market of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) before the end of the acceptance period. In addition, the Management Board will take all reasonable measures to terminate the inclusion of the PSI Shares for trading on the open market (Freiverkehr) of any other stock exchange or any other multilateral trading facility or organized trading facility, provided that the inclusion was initiated by the Company. This may result in very limited liquidity and price availability for PSI Shares.

The offer document for the delisting and other information relating to the Offer will be published by the Bidder following approval by the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, Bafin) on the internet at https://www.offer-power.com.

After publication, the Management Board and Supervisory Board will carefully review the offer document in accordance with their legal obligations and submit a reasoned statement.

About PSI

The PSI Group develops software products for optimizing the flow of energy and materials for utilities and industry. As an independent software producer with nearly 2,300 employees, PSI has been a technology leader since 1969 in process control systems that ensure sustainable energy supply, production and logistics by combining AI methods with industry-proven optimization methods. These innovative industry products can be operated on-premises or in the cloud. www.psi.de

About Warburg Pincus

Warburg Pincus LLC is the pioneer of global growth investing. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Today, the firm has more than $105 billion in assets under management, and more than 225 companies in its active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus has invested in more than 1,100 companies across its private equity, real estate, and capital solutions strategies.

The firm is headquartered in New York with more than 15 offices globally. For more information, please visit www.warburgpincus.com or follow us on LinkedIn and YouTube.

Legal Disclaimer

This publication constitutes neither an offer to purchase nor a solicitation of an offer to sell shares or other securities of PSI Software SE. The public Delisting Offer itself and further information relating to the public Delisting Offer will be published in the offer document of Warburg Pincus.  (...)

Delivery Hero SE: Delivery Hero’s Management Board and Supervisory Board publish joint reasoned statement recommending shareholders to accept the takeover offer from Uber

Corporate News

- Takeover offer considered to be in the best interest of the company, its shareholders, employees and other stakeholders

- Offer price considered fair and adequate

- Acceptance period for the takeover offer ends on November 5, 2026, at 24:00 hrs CET

Berlin, September 2, 2026 – Today, the Management Board and the Supervisory Board of Delivery Hero SE (“Delivery Hero” or the “Company”) (ISIN DE000A2E4K43, Frankfurt Stock Exchange: DHER) published a joint reasoned statement (“Statement”) regarding the voluntary public takeover offer to all of Delivery Hero’s shareholders (“Offer”) launched by Uber International Technologies II Corporation, a subsidiary of Uber Technologies, Inc. (NYSE: UBER) (together “Uber”).

The Management Board and the Supervisory Board of Delivery Hero have each independently reviewed and evaluated the offer document published by Uber and the terms and conditions of the Offer. They deem the Offer to be in the best interest of the Company, its shareholders, employees and other stakeholders. They therefore support the Offer and recommend that Delivery Hero shareholders accept it.

Offer price considered fair and adequate

From a valuation perspective and after careful review of the offer document, the Management Board and the Supervisory Board consider the cash consideration of EUR 41.50 per Delivery Hero share to be fair and adequate. The offer price represents a premium of approx. 127% over the unaffected three-month volume-weighted average XETRA share price prior to and including May 8, 2026 (the last trading day prior to publicly reported transaction activity and significant corporate news), and a premium of approx. 108% over the XETRA closing price on that day. It also represents a premium of approx. 35% over the three-month average price prior to the publication of Uber’s intention to launch an offer on July 16, 2026. The offer price also exceeds the average analyst price target published prior to May 8, 2026 by approx. 52%.

The Management Board and Supervisory Board received two fairness opinions regarding the fairness of the offer price. J.P. Morgan Securities plc, the exclusive financial advisor to the Company, provided a fairness opinion to the Management and Supervisory Boards, while the Supervisory Board also received a fairness opinion from UniCredit Bank GmbH. Each fairness opinion concludes, subject to its assumptions, qualifications and limitations, that the offer price is fair, from a financial point of view, to the holders of Delivery Hero shares.

Potential to create significant opportunities for customers, employees, and other stakeholders

The planned transaction is expected to bring together Uber’s global technology platform and mobility network with Delivery Hero’s leading local delivery brands, deep vendor relationships, and fast-growing Quick Commerce capabilities. The Management Board and the Supervisory Board share Uber’s view that the combination has the potential to accelerate product innovation and create significant additional opportunities for employees, customers, merchants, riders, drivers, and other stakeholders. Both boards therefore share the economic and strategic rationale of the Offer as described in the offer document and welcome Uber’s intentions expressed therein.

Delivery Hero shareholders may accept Uber’s Offer via their depositary banks and have been able to tender their shares since the publication of the offer document on August 27, 2026. The acceptance period is expected to end on November 5, 2026, 24:00 hrs CET.

The Offer is subject to a minimum acceptance threshold of 50% plus one share of Delivery Hero’s share capital (excluding treasury shares), merger control and other regulatory clearances, including approvals regarding the announced sale of select operations of the Delivery Hero group to an affiliate of SSW Partners, LP, as well as other customary conditions. Uber has secured an irrevocable undertaking for 16.68% of Delivery Hero shares. Combined with its existing 24.77% shareholding and 11.74% held via instruments, Uber’s total economic interest would exceed 53% of Delivery Hero’s current share capital. The detailed terms and conditions of the Offer as well as the closing conditions can be found in Uber’s offer document. Completion of the Offer is expected to occur in the second half of 2027.

The works council at Delivery Hero’s Berlin establishment has provided its own statement which has been published as an annex to the Statement of the Management Board and Supervisory Board.

The Statement (incl. annexes) is available free of charge from Delivery Hero SE, Investor Relations, Oranienburger Straße 70, 10117 Berlin, Germany (phone: +49 30 5444 59 105; email: ir@deliveryhero.com). In addition, the Statement is available on the internet at https://ir.deliveryhero.com/takeoveroffer (in the section “Takeover Offer”). The Statement and any supplements and/or additional statements on possible amendments to the Offer will be published in German and in non-binding English translations. Only the German versions are binding.

Commerzbank AG: Commerzbank starts further share buyback of up to €1.2bn

- Buyback to begin on 4 September 2026 and expected to be completed no later than 10 February 2027

- Share buyback is part of the planned capital return of around €3.2bn for 2026 financial year

- CEO Bettina Orlopp: “Our shareholders can rely on us to deliver on our commitments. The ability to sustainably generate and return capital is testament to the strength of our business model.”

Today, the Board of Managing Directors of Commerzbank AG has decided to start a further share buyback. The European Central Bank and the German Finance Agency had previously approved the programme. The buyback is part of the capital return for the 2026 financial year.

The Bank plans to repurchase shares worth up to €1.2bn starting on 4 September 2026. The buyback is expected to be completed no later than 10 February 2027. The repurchased shares are to be cancelled by the Bank at a later stage. The shares acquired as part of the two previous share buyback programmes have meanwhile been cancelled. These buybacks were part of the capital return for the 2025 financial year. This underlines Commerzbank’s consistent delivery on its announced capital return policy.

“Our shareholders can rely on us to deliver on our commitments. With this next share buyback, we continue to consistently execute our attractive capital return policy,” said Bettina Orlopp, CEO of Commerzbank. “The ability to sustainably generate and return capital is testament to the strength of our business model. We create value for our shareholders, invest in the targeted growth of our Bank, and are a reliable partner for our customers. In doing so, we act in the interests of all stakeholders and strengthen the foundation for Commerzbank’s long-term success.”

The capital return for the 2026 financial year is planned to consist of share buybacks and a dividend payment. Commerzbank intends to once again return 100% of its net result after deduction of AT1 coupon payments and before extraordinary one-off items to its shareholders. Based on its net profit target of at least €3.4bn, the Bank is aiming for a capital return of around €3.2bn for the 2026 financial year. The dividend component of the capital return is expected to increase to at least 50%.

Progress on the share buyback will be published weekly on Commerzbank’s website.