NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA OR JAPAN OR IN OR INTO ANY OTHER JURISDICTION WHERE SUCH PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. FURTHER RESTRICTIONS APPLY.

Publication of inside information pursuant to Article 17 MAR

Capital increase from authorized capital with successfully completed pre-placement

7 April 2021
Berlin, Germany

Enapter AG ("Enapter") announces that the first part of the capital increase announced yesterday has been successfully placed. Gross proceeds of EUR 30 million were raised in the pre-placement, including the backstop by the major shareholder. The offer price per share was set at EUR 19.00. Against the background, the Management Board, with the approval of the Supervisory Board, has resolved to increase the share capital by an amount of at least EUR 1,578,948.00 and up to EUR 6,315,789.00 by issuing at least 1,578,948 and up to 6,315,789 new shares ("New Shares") from the authorized capital while granting subscription rights to current shareholders.

The total volume of the capital increase will be divided into two tranches. The first part comprises the tranche from the pre-placement with gross proceeds of EUR 30 million. A second part with a volume of up to EUR 70 million is intended for subscription by strategic investors with whom Enapter is in advanced negotiations on co-operation agreements. BluGreen Company Limited, the main shareholder of Enapter with a stake of approximately 71.5% of the share capital, has committed itself in a backstop agreement to participate in the capital increase with an amount of up to EUR 15 million as far as the New Shares - apart from the shares intended for the strategic investors - are not subscribed otherwise. To enable the pre-placement and the allocation to strategic investors, the major shareholder waived the exercise of its subscription rights.

Existing shareholders have the opportunity to subscribe for shares under the subscription right. These subscriptions may reduce the amount of the backstop and subsequently the amount reserved for strategic investors. The total amount of shares placed is therefore not expected to be known until after the completion of the rights offering. The rights offering will commence at a later date and is subject to the approval of the EU Reconstruction Prospectus required for the offer by the Federal Financial Supervisory Authority and its publication. The related offer period for exercising the respective subscription rights is expected to take place in mid-May 2022.

Following the subscription offer, the New Shares will be admitted to trading on the regulated market of the Frankfurt Stock Exchange (General Standard) and on the regulated market of the Hanseatische Wertpapierbörse Hamburg.

In the pre-placement, First Berlin Securities Brokerage GmbH acted as Sole Global Coordinator and Joint Bookrunner with Clarksons Platou Securities AS as Joint Bookrunner.

End of public disclosure under MAR Article 17

Additional Information

About Enapter AG:
Enapter is an innovative energy technology company that manufactures highly efficient hydrogen generators - so-called electrolysers - to replace fossil fuels and thus drive the energy transition globally. The patented and proven Anion Exchange Membrane (AEM) technology enables mass production of cost-effective plug-and-play green hydrogen electrolysers at any scale. The modular systems are already used in 49 countries in the energy, mobility, industrial, heating and telecommunications sectors.

Enapter AG is listed on the regulated market of the Frankfurt and Hamburg stock exchanges, WKN: A255G0.

Company Contacts

Enapter AG Reinhardstr. 35 10117 Berlin

[email protected] https://enapterag.de/en/

Contact financial and corporate press for Enapter AG:

edicto GmbH
Ralf Droz / Doron Kaufmann
+49 (0) 69 90 55 05-54
[email protected]

IMPORTANT INFORMATION

This communication constitutes neither an offer to sell nor a solicitation to buy securities. Any public offering (in Germany) will be made solely by means of, and on the basis of, a securities prospectus which is to be published. An investment decision regarding the publicly offered securities of ENAPTER AG should only be made on the basis of the securities prospectus. The securities prospectus will be published promptly upon approval by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht - "BaFin"), and will be available at no charge on https://enapterag.de/investor-relations/.

There will be no public offering of securities of ENAPTER AG in the United States of America. The securities of ENAPTER AG referred to herein have not been and will not be registered under the Securities Act and may not be offered or sold in the United States absent registration under the Securities Act, or in a transaction exempt from, or not subject to, the registration requirements under the Securities Act. Neither ENAPTER AG nor any other party to the transaction described herein intends to register the securities described herein under the Securities Act or with any securities regulatory authority of any state or other jurisdiction in the United States of America in connection with this announcement.

In the United Kingdom, such information may be distributed only and is directed only at (i) professional investors within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended ("Order"), or (ii) high net worth companies falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to herein as "Relevant Persons"). The securities are available only to Relevant Persons and any invitation, offer or agreement to subscribe for, purchase or otherwise acquire such securities will be engaged in only with Relevant Persons. Any person who is not a Relevant Person should not act or rely on this announcement or its contents.

This communication is not, and does not purport to be, a document containing disclosure to investors for the purposes of Part 6D.2 or 7.9 of the Australian Corporations Act 2001 (Cth) ("Corporations Act"). In respect of offers or invitations received in Australia, securities may only be issued or sold if the consideration payable by the relevant purchaser is a minimum of A$500,000 or its foreign currency equivalent (disregarding amounts, if any, lent by the Issuer or other person offering securities or its associates (within the meaning of those expressions in Part 6D.2 of the Corporations Act)) unless the issue or sale is otherwise in circumstances such that by virtue of the Corporations Act no disclosure is required to be made under Part 6D.2 or Part 7.9 of the Corporations Act.

In Member States of the European Economic Area ("EEA"), this announcement is directed only at persons who are "qualified investors" within the meaning of Article 2(e) of Regulation (EU) 2017/1129.