Pursuant to § 15a of the German Securities Trading Act (WpHG), persons acting in a management capacity at TELES AG must report their own transactions in TELES shares or related financial instruments to the company as well as to the Federal Financial Supervisory Authority (BaFin). Such transactions are known as “directors’ dealings”.

This disclosure requirement applies to members of the management board and supervisory board as well as to persons acting in a management capacity at TELES AG who have regular access to insider information and are authorized to make important company decisions.

The disclosure requirement also applies to persons having a close relationship to persons with management duties and to legal entities for which such persons with management duties or their associated persons perform management functions or which are controlled by them.

A chronological summary of directors’ dealings in the past three fiscal years.