Evotec SE. (6/26/19). "Press Release: Evotec SE Places First Schuldschein (Promissory Note) Worth EUR 250 m". Hamburg.

	Organisation	Evotec SE (FSE: EVT, MDA X/TecDAX, Nasdaq: EVO)
	Group	Evotec (Group)
	Organisation 2	Deutsche Bank AG
	Group	Deutsche Bank (Group)
	Product	investment banking
	Product 2	drug discovery
	Index term	Evotec–SEVERAL: credit, 201906– promissory note €250m with lead arrangers Deutsche Bank + LBBW
	Index term 2	Just Biotherapeutics (US)–Evotec: investment, 201905–201907 acquisition 100% for $60m upfront + $30m upfront
	Person	Spillner, Enno (Formycon 202304– CFO before Evotec + 4SC + BioM Venture Capital GmbH)
	Person 2	Hansen, Gabriele (Evotec 201404 VP Corporate Communications + Investor Relations)

> PROCEEDS TO BE USED FOR GENERAL CORPORATE FINANCING INCLUDING FINANCING OF JUST.BIO ACQUISITION, EXPANSION, AND REFINANCING

> STRONG PERFORMANCE AND OUTLOOK OF THE COMPANY APPEALS TO DEBT INVESTORS AND RESULTS IN SIGNIFICANT OVERSUBSCRIPTION OF ORDER BOOK AT HIGHLY ATTRACTIVE TERMS

Evotec SE (Frankfurt Stock Exchange: EVT, MDAX/TecDAX, ISIN: DE0005664809) announced today that the Company successfully issued a Schuldschein (promissory note) of EUR 250 m on the capital market. The Schuldschein was placed with a fixed and variable interest rate of on average below 1.5 percent over 3, 5, 7, and 10 years maturity. Following high demand from debt investors, which led to a significant oversubscription of the order book and attractive credit spreads, the initial target volume of EUR 100 m could be successfully increased to EUR 250 m.

Evotec intends to use the proceeds of this Schuldschein to strengthen its corporate financing structure as well as to finance the recent Just.Bio acquisition, the expansion of its business and to re-finance certain loans at more attractive terms.

Lead arrangers of this debt transaction, which represents Evotec's first promissory note in Company history, were Deutsche Bank AG and Landesbank Baden-Württemberg ("LBBW"). The loan was placed with a range of institutional investors in the banking and insurance sector, primarily international private banks, savings banks, regional banks (Landesbanken) and cooperative banks based in Germany.

Enno Spillner, Chief Financial Officer of Evotec, commented: "Being a fast-growing, profitable biotech company, we're very excited to be able to apply a different method of financing at such low cost of capital. In this case we utilised our solid balance sheet to leverage debt in a conservative manner while avoiding equity dilution which is common for our branch, to support the further sustainable development of our Company. This successful debut issue of a Schuldschein at very attractive terms confirms the trust and confidence investors place in our business model and we're determined to continue our profitable growth path of prior years."

ABOUT EVOTEC SE

Evotec is a drug discovery alliance and development partnership company focused on rapidly progressing innovative product approaches with leading pharmaceutical and biotechnology companies, academics, patient advocacy groups and venture capitalists. We operate worldwide and our more than 2,600 employees provide the highest quality stand-alone and integrated drug discovery and development solutions. We cover all activities from target-to-clinic to meet the industry's need for innovation and efficiency in drug discovery and development (EVT Execute). The Company has established a unique position by assembling top-class scientific experts and integrating state-of-the-art technologies as well as substantial experience and expertise in key therapeutic areas including neuronal diseases, diabetes and complications of diabetes, pain and inflammation, oncology, infectious diseases, respiratory diseases and fibrosis. On this basis, Evotec has built a broad and deep pipeline of approx. 100 co-owned product opportunities at clinical, pre-clinical and discovery stages (EVT Innovate). Evotec has established multiple long-term alliances with partners including, Bayer, Boehringer Ingelheim, Celgene, CHDI, Novartis, Novo Nordisk, Pfizer, Sanofi, Takeda, UCB and others. For additional information please go to www.evotec.com and follow us on Twitter @Evotec.

FORWARD LOOKING STATEMENTS

Information set forth in this press release contains forward-looking statements, which involve a number of risks and uncertainties. The forward-looking statements contained herein represent the judgement of Evotec as of the date of this press release. Such forward-looking statements are neither promises nor guarantees, but are subject to a variety of risks and uncertainties, many of which are beyond our control, and which could cause actual results to differ materially from those contemplated in these forward-looking statements. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based.

Contact Evotec SE:

Gabriele Hansen, VP Corporate Communications, Marketing & Investor Relations, Phone: +49.(0)40.56081-255, [email protected]

Record changed: 2023-06-05