press release

Release of Related Party Transactions according to § 111c AktG with the aim of Europe-wide distribution

Cologne, December 13, 2022 - Mr. Andreas R. Klein, majority shareholder of Splendid Medien AG (WKN 727950, ISIN DE0007279507) and thus related party within the meaning of Section 111a of the German Stock Corporation Act (AktG), concluded supplementary agreements to the loan agreement dated 21 December 2021 and to the supplementary agreement to the 2019 loan agreement dated 21 December 2021 with Splendid Medien AG, Cologne, on 8 December 2022. Accordingly, Mr Andreas R. Klein is granting Splendid Medien AG an unsecured loan totalling EUR 2.5 million with a term until 31 December 2024. The agreed interest of 8 % p.a. from 1 January 2023 is due monthly. The Supervisory Board approved the conclusion of the supplementary agreements to the loan agreements on 8 December 2022.