cyan AG resolves to carry out a cash capital increase with subscription rights to further underpin the company's growth

The Management Board of cyan AG (ISIN: DE000A2E4SV8) today resolved, with the approval of the Supervisory Board, to implement a cash capital increase with subscription rights.  The company's share capital is to be increased from EUR 14,889,700.00 by up to EUR 2,127,100.00 to up to EUR 17,016,800.00, making partial use of the authorized capital. For this purpose, up to 2,127,100 new no-par value bearer shares are to be issued. The issue price per new share is EUR 2.63. The new shares will have full dividend rights from January 1, 2021.

The shares are expected to be offered for purchase to the shareholders of cyan AG by way of statutory subscription rights in the period from September 5, 2022 (0:00 CET) to September 19, 2022 (24:00 CET) after approval of the securities information sheet ("Wertpapierinformationsblatt"). The subscription ratio is 7 old shares to one new share.  Subscription rights that are not exercised will expire without compensation. No exchange trading in subscription rights will be organized by the company or by the bank entrusted with the processing. Shares not taken up by shareholders with subscription rights may be offered for subscription to interested investors by way of a private placement.

In accordance with the provisions of Section 4 of the German Securities Prospectus Act (Wertpapierprospektgesetz, WpPG), the subscription offer will be made without a prospectus on the basis of a securities information sheet as soon as this has been approved by the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin). The approval of the securities information sheet is expected to take place on September 1, 2022. The securities information sheet will then be available on the issuer's website at https://ir.cyansecurity.com/publications/ under the heading “Publications”.

The Company's major shareholders have already confirmed their participation in the corporate action. The inflow of funds from the capital increase will serve to underpin the Company's operational growth at national and international level with increased equity.

Person making the notification:

Frank von Seth, CEO