Aareal Bank AG, DE0005408116

EQS-PVR: 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 ? 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: Barclays PlcCity of registered office, country: London, United Kingdom 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: 10 May 2023 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 1.52 % 4.19 % 5.70 % 59857221 Previous notification 1.39 % 0.01 % 1.40 % / 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 3773 0.00 % 0.01 % DE000A30U9F9 0 904398 0.00 % 1.51 % Total 908171 1.52 % 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 % Right to Recall - Collateral n/a n/a 2500000 4.18 % ? ? Total 2500000 4.18 % 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 % Portfolio Swap 13/06/2023 - 26/09/2024 n/a Cash 5664 0.01 % ? ? ? Total 5664 0.01 % 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) Barclays Plc % % % Barclays Bank Plc % % 5.70 % Barclays Capital Securities Ltd % % % 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:? Date16 May 2023

17.05.2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.Archive at www.eqs-news.com

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

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

1635531??17.05.2023?CET/CEST