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Managing Board of The Social Chain AG resolves on portfolio streamlining measures and adjusts financial year 2022 forecast numbers

Berlin, 10 August 2022 – The managing board of The Social Chain AG (WKN: A1YC99, ISIN:DE000A1YC996, Ticker: PU11) ("TSC") today resolved on portfolio streamlining measures to further increase the overall profitability of the group.

TSC intends to sell its portfolio companies Ravensberger Matratzen GmbH (including the operating business of Möbelfreude Vertriebs GmbH), Carl Wilhelm Clasen Gesellschaft mit beschränkter Haftung,  DEF Media GmbH and bytepark GmbH - all in the course of 2022. TSC will immediately take first steps to execute the measures and will report about any completed sales separately.

Considering the resolved portfolio streamlining measures, TSC is adjusting its forecast revenue numbers for the financial year 2022 down to around EUR 415 Mio. with a projected consolidated EBITDA-margin (before adjustments) between four and five percent.

www.socialchain.com

Notifying Person:

Jana Walker I Investor Relations

Gormannstraße 22

10119 Berlin

+49 30 208 48 40 10
ir@socialchain.com

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This release may contain certain forward-looking statements, estimates, opinions and forecasts regarding the future business, results of operations and results of The Social Chain AG ("forward-looking statements"). Forward-looking statements are identified by words such as "believe," "estimate," "anticipate," "expect," "intend," "will," or "should," or their negation, and similar variations or terminology. Forward-looking statements include all matters that are not based on historical facts. Forward-looking statements are based on the current opinions, forecasts and assumptions of the Management Board of The Social Chain AG and involve significant known and unknown risks and uncertainties, which could cause actual results, performance and events to differ materially from the results, performance and events expressed or implied in the forward-looking statements may differ. Forward-looking statements contained herein should not be taken as guarantees of future performance or results and are not necessarily reliable indicators of whether or not such results will be achieved. The forward-looking statements contained in this release speak only as of the date of this release. The Company will not update the information, forward-looking statements or conclusions contained in this release to reflect subsequent events and circumstances, nor will it reflect subsequent events or circumstances, or any inaccuracies that may arise after the issue of this release as a result of new information, future developments or other circumstances, correct, and assumes no obligation to do so. Neither the Company nor any other person assumes any responsibility whatsoever that the forward-looking statements or assumptions contained herein will materialize.