May 05, 2022

SLM Solutions Group AG invites holders of the Convertible Bonds 2020/2026 to hold a vote without meeting on the offering and the issuance of a third tranche of convertible bonds in the amount of EUR 30.2 million

Lübeck, Germany May 5, 2022. The Management Board of SLM Solutions Group AG ("SLM Solutions" or the "Company", ISIN DE000A111338 (Shares), DE000A2GSF58 (Convertible Bonds 2017/2024) and DE000A289N86 (Convertible Bonds 2020/2026)), with consent of the Supervisory Board, resolved to invite the holders of the EUR 15 million 2.00% convertible bonds issued by the Company in July 2020 (the "Convertible Bonds 2020/2026") to hold a vote without meeting to resolve on a waiver of the conditions precedent for the offering and the issuance of a third tranche of convertible bonds in the amount of EUR 30.2 million.

As already announced in January 2022, the main holder of the Convertible Bonds 2020/2026, Cornwall GmbH & Co. KG ("Cornwall"), a company advised by Elliott Advisors (UK) Limited and the Company's largest shareholder, has agreed to vote in favor of such a proposal. The Company therefore expects the resolution to be adopted by the required majority, so that a third tranche of convertible bonds can be offered for subscription to the holders of the Convertible Bonds 2020/2026 and issued presumably in June 2022.

The full placement of the offered convertible bonds is guaranteed pursuant to the financing agreement concluded between Cornwall and the Company in March 2020. Consequently, additional funds in the amount of EUR 30.2 million (gross) will be made available to the Company. The funds are intended to be used to fund the ongoing business operations and to continue the investments in strategically important projects such as the roll-out of the NXG XII 600.

The Company may consider additional financing options during the course of the year.

About SLM Solutions
SLM Solutions is an integrated solutions provider and metal additive manufacturing partner. The Company is vested in customers' long-term success with metal additive manufacturing. Robust Selective Laser Melting machines optimize fast, reliable, and cost-efficient part production, and SLM Solutions' experts work with customers at each stage of the process to provide the support that elevates the use of the technology and ensures their return on investment is maximized. A publicly traded Company, SLM Solutions Group AG is headquartered in Germany, with offices in Canada, China, France, India, Italy, Japan, Russia, Singapore, South Korea, and the United States. 
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This release contains statements on the future development of SLM Solutions. These forward-looking statements are based on the current expectations, presumptions, and forecasts of the Management Board as well as the information available to it to date and have been prepared to the best of its knowledge and belief. No guarantee or liability for the occurrence of the future developments and results specified can be assumed in respect of such forward-looking statements. Rather, the future developments and results are dependent on a number of factors. They entail risks and uncertainties beyond the Company's control and are based on assumptions which could prove to be incorrect. Notwithstanding any legal requirements to adjust forecasts, SLM Solutions does not assume any obligation to update the forward-looking statements contained in this release.