B-A-L Germany AG: B-A-L Germany AG receives strong approval from shareholders at the Annual General Meeting

All agenda items adopted by a large majority

Meissen (pta009/25.09.2024/09:00 UTC+2)

At the Annual General Meeting held last Friday, the Management Board and Supervisory Board once again received strong approval from the shareholders of B-A-L Germany AG for the company's business strategy. All items on the agenda were approved by a large majority in favour of the management. Particularly noteworthy is the merger of the two classes of shares, so that in future only ordinary shares with voting rights will be listed.

Falko Zschunke, CEO of B-A-L Germany AG: "The high level of approval from our shareholders for all items on the agenda confirms the successful development and strategy of B-A-L Germany AG. Our strategy has impressively proven itself in 2023 by breaking even. We also expect sustained profitable growth in the coming years."

Bernd Albrecht, Chairman of the Supervisory Board of B-A-L Germany AG, adds: "I am particularly pleased to have gained a proven financial expert like Ernst G Wittmann as a member of the Supervisory Board. The business graduate, who has many years of experience in asset management, corporate finance, and foundation management and is currently Chairman of the Board of the Wilhelm Sander Foundation, will support us in our future growth."

With 77.0 per cent of the share capital present, all resolutions on the seven quorate agenda items of the Annual General Meeting of B-A-L Germany AG were passed with approval rates of up to 87.01 per cent. The detailed voting results for the individual items on the agenda of the Annual General Meeting are summarised in the following table. They are also available for download on the company website under https://bal-ag.de/en/investor-relations-shareholders-meeting_en/.

About B-A-L Germany AG

B-A-L Germany specialises in the small-scale acquisition of residential properties in rural regions of Saxony with good transport links and local infrastructure. The strategy is to position the company as a profitable property portfolio holder with a buy-and-build strategy without pressure to sell. This involves acquiring individual residential properties at low purchase prices, including from distress sales, which enables sustainably high purchase yields of significantly more than 10% to be realised. Rents below or at the level of the rent index enable the property portfolio to be fully let. The portfolio currently consists of 92 flats with a total lettable area of more than 4,500 square metres. In the past year, this generated sales revenue of EURk 348 and earnings after taxes of EURk 29.

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Emitter:	B-A-L Germany AG Poststraße 5 01662 Meißen Germany
Contact Person:	Peter Thilo Hasler
Phone:	+49 3521 4596539
E-Mail:	p@bal-ag.de
Website:	www.bal-ag.de
ISIN(s):	DE000A2NBN90 (Share)
Stock Exchange(s):	Free Market in Stuttgart
Other Stock Exchanges:	Wiener Börse (Vienna MTF)