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General Meeting of Shareholders authorises Management Board to issue convertible bonds with exclusion of subscription rights and resolves upon conditional capital increase

Vienna, 15 January 2021

The extraordinary General Meeting of Shareholders of DO & CO Aktiengesellschaft held on
15 January 2021 ("Shareholders' Meeting 01/2021") adopted a resolution pursuant to which the management board ("Management Board") is authorized, subject to the consent of the supervisory board ("Supervisory Board"), to issue convertible bonds with an overall nominal amount of up to EUR 100,000,000.-- with subscription and/or conversion rights to up to 1,350,000 no par value bearer shares of the company. For satisfying subscription and/or conversion rights, the Management Board may use the newly created conditional capital resolved by separate resolution of the Shareholders' Meeting 01/2021. The specific terms and conditions of issuance of the convertible bonds are to be determined by the Management Board with the consent of the Supervisory Board. Statutory subscription rights of the company's shareholders' to any convertible bonds to be issued have been excluded.

The Shareholders' Meeting 01/2021 further resolved on the conditional increase of the share capital of the company by up to EUR 2,700,000.-- by issuing up to 1,350,000 new no par value bearer shares to creditors of convertible bonds for which the Management Board has been authorized by the Shareholders' Meeting 01/2021.