Aareal Bank AG, DE0005408116

Aareal Bank AG, DE0005408116

28.12.2021 - 19:03:01

Aareal Bank AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

Notification of Major Holdings

1. Details of issuer Name: Aareal Bank AG Street: Paulinenstr. 15 Postal code: 65189 City: WiesbadenGermany Legal Entity Identifier (LEI): EZKODONU5TYHW4PP1R34 2. Reason for notification X Acquisition/disposal of shares with voting rights X Acquisition/disposal of instruments ? Change of breakdown of voting rights ? Other reason: 3. Details of person subject to the notification obligation Legal entity: SIH Partners, LLLPCity of registered office, country: Wilmington, Delaware, United States of America (USA) 4. Names of shareholder(s) holding directly 3% or more voting rights, if different from 3.? 5. Date on which threshold was crossed or reached: 21 Dec 2021 6. Total positions ? % of voting rights attached to shares (total of 7.a.) % of voting rights through instruments (total of 7.b.1 + 7.b.2) Total of both in % (7.a. + 7.b.) Total number of voting rights pursuant to Sec. 41 WpHG New 2.29 % 2.73 % 5.02 % 59857221 Previous notification 2.18 % 2.73 % 4.91 % / 7. Details on total positions a. Voting rights attached to shares (Sec. 33, 34 WpHG) ISIN Absolute In % ? Direct (Sec. 33 WpHG) Indirect (Sec. 34 WpHG) Direct (Sec. 33 WpHG) Indirect (Sec. 34 WpHG) DE0005408116 0 1371789 0.00 % 2.29 % Total 1371789 2.29 % b.1. Instruments according to Sec. 38 (1) no. 1 WpHG Type of instrument Expiration or maturity date Exercise or conversion period Voting rights absolute Voting rights in % 0 0.00 % ? ? Total 0 0.00 % b.2. Instruments according to Sec. 38 (1) no. 2 WpHG Type of instrument Expiration or maturity date Exercise or conversion period Cash or physical settlement Voting rights absolute Voting rights in % OPTION CALL 18/03/2022 to 15/12/2023 Physical 911500 1.52 % OPTION PUT 18/03/2022 to 16/06/2023 Physical 720500 1.20 % ? ? ? Total 1632000 2.73 % 8. Information in relation to the person subject to the notification obligation? Person subject to the notification obligation is not controlled nor does it control any other undertaking(s) that directly or indirectly hold(s) an interest in the (underlying) issuer (1.). X Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity: Name % of voting rights (if at least 3% or more) % of voting rights through instruments (if at least 5% or more) Total of both (if at least 5% or more) SIH Partners, LLLP % % % Susquehanna International Holdings, LLC % % % Susquehanna Dublin Holdings Limited % % % Susquehanna International Securities Limited % % % - % % % SIH Partners, LLLP % % % Susquehanna International Holdings, LLC % % % Susquehanna Europe Holdings Limited % % % Susquehanna International Group Limited % % % 9. In case of proxy voting according to Sec. 34 para. 3 WpHG (only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG) Date of general meeting: Holding total positions after general meeting (6.) after annual general meeting:Proportion of voting rights Proportion of instruments Total of both % % % 10. Other explanatory remarks:? Date23 Dec 2021

28.12.2021 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.Archive at www.dgap.de

Language: English Company: Aareal Bank AG Paulinenstr. 15 65189 Wiesbaden

Germany Internet: www.aareal-bank.com ? End of News DGAP News Service

1262840??28.12.2021?

@ dgap.de