ELARIS AG with successful stock market debut in the m:access of the Munich Stock Exchange

                                                                Press Release

THE INFORMATION CONTAINED IN THIS DOCUMENT IS NOT FOR PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES OF AMERICA OR ANY OTHER COUNTRY WHERE SUCH PUBLICATION OR DISTRIBUTION WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH COUNTRY.

ELARIS AG with successful stock market debut in the m:access of the Munich Stock Exchange

- First price at EUR 40.60 / Market capitalisation at EUR 0.49 billion

- Public offer of 10,000 shares runs until today 08:00 pm (CET)

- Expansion of product range and international growth planned

Bad Dürkheim, 14 March 2024 – ELARIS AG ("ELARIS", ISIN DE000A37FT17), an innovative e-mobility company, has been listed in the Open Market of the Munich Stock Exchange since today. All 12.1 million shares were included in the m:access trading segment. The ELARIS share started trading at a price of EUR 40.60, which corresponds to an initial market capitalisation of EUR 0.49 billion. Within an hour, the share price has risen to EUR 41.60. The public offer of 10,000 shares from the holdings of the existing shareholder Elaris Holding GmbH will continue until today at 08:00 pm (CET). A listing of the shares on XETRA is planned in the near future.

ELARIS currently offers a range of six electric car models in German-speaking countries under the ELARIS brand, from microcars to SUVs and sedans to vans. The founder-managed company focuses on affordable and needs-based electric mobility and works with large electric vehicle manufacturers in China to this end. The latter produce vehicles on behalf of ELARIS and customise them to meet the European requirements. In some cases, ELARIS makes further customisations itself, particularly in the software area of the vehicles. Another strong business area of ELARIS is the provision of charging infrastructure solutions, such as charging stations and wall boxes. As part of its growth strategy, ELARIS plans to expand its model range in line with demand, extend its sales network and tap into new international markets.

Lars Stevenson, CEO of ELARIS: "We are very pleased to be listed on the Munich Stock Exchange as of today. This marks a new chapter of growth in our company's history. The listing will increase our visibility on the market and enable us to push ahead with our growth strategy. Our next steps are to further expand the model range of our electric vehicles and continue to grow internationally."

Press Contact and Investor Relations

edicto GmbH
Axel Mühlhaus / Svenja Liebig
+49 69 90550 556
elaris@edicto.de

DISCLAIMER

The public offer referred to in this publication is based solely on the securities prospectus approved by the German Federal Financial Supervisory Authority (BaFin) on 7 March 2024 and published on the website of ELARIS AG (www.elaris.en) in the "Investor info" section. The securities prospectus alone contains the information for investors required by law.

Potential investors are advised to carefully read the securities prospectus, which has been reviewed by the German Federal Financial Supervisory Authority (BaFin) for completeness, coherence and comprehensibility, as it is available on the ELARIS AG website (www.elaris.en) in the "Investor info" section since 7 March 2024 before making an investment decision to buy or sell shares in ELARIS AG in order to fully understand the potential risks and rewards of the investment decision and to make an investment decision only after consulting with their own lawyers, tax and/or financial advisors and using all available information about the company. It should be noted that approval of the prospectus by BaFin should not be understood as an endorsement of the securities concerned.

A public offer of the securities mentioned in this publication will be made exclusively on the basis of and in accordance with the securities prospectus and only in the Federal Republic of Germany. In particular, neither a public offer nor an invitation to submit an offer to purchase securities will be made in the United States of America, Japan, Canada, New Zealand or Australia.

In particular, the securities referred to herein have not been and will not be registered under the United States Securities Act of 1933 (the "Securities Act") or the securities laws of any state of the United States of America and may not be offered, sold, pledged or delivered (directly or indirectly) into or within the United States of America or to, or for the account or benefit of, any U.S. person (as defined in Regulation S under the Securities Act), except pursuant to registration under, or an exemption from, the registration requirements of the Securities Act or in a transaction not subject to the registration requirements of the Securities Act and, in each case, in compliance with applicable securities laws of any state of the United States of America.

This publication may contain forward-looking statements. Forward-looking statements are all statements that do not relate to historical facts or events. This applies in particular to statements about the company's intentions, beliefs or current expectations regarding its future financial performance, plans, liquidity, prospects, growth, strategy and profitability as well as the economic conditions to which the company is exposed. Forward-looking statements are based on current assumptions and estimates that are made by the company to the best of its knowledge. However, such forward-looking statements are subject to risks and uncertainties as they relate to future events and are based on assumptions that may not materialise in the future. The company is under no obligation to update or revise any forward-looking statements contained in this publication to reflect events or circumstances after the date of this publication, except to the extent that such statements constitute inside information that must be publicly disclosed.