BayWa agrees on updated financing concept

• CEO Frank Hiller: "Clear signal to customers and suppliers"
• CRO Michael Baur: "Trust from financing partners and major shareholders confirmed"
• Operational transformation progressing

Munich, 8 April 2025 - BayWa AG has reached an agreement with its core banks and major shareholders on both an updated financing concept and an updated restructuring agreement for the restructuring period until 2028. The update of the financing concept had become necessary due to the additional financing requirements identified in February 2025 for the subsidiary BayWa r.e., which specialises in renewable energies. Based on the adjusted restructuring agreement, BayWa AG will shortly submit the adjusted restructuring plan to the Munich Local Court. BayWa AG's restructuring process, which has been operated as "StaRUG Light" since the end of January 2025, still does not provide for any curtailment of shareholder rights or waivers of claims by financial creditors.

The operational transformation is also progressing in parallel: more than half of the 1,300 full-time positions to be cut have already been eliminated. The closure dates have been set for a total of 15 of the 26 locations to be closed.

CEO Frank Hiller explains: "The financing concept, the restructuring agreement and the progress made in the transformation send a clear signal to customers and suppliers: BayWa is on the right track. The changes to internal processes, for example in purchasing and sales, are very promising. BayWa is finally focussing on its core business again."

Michael Baur, Chief Restructuring Officer of BayWa, says: "The short-term provision of the additional liquidity required for the updated financing concept once again demonstrates the confidence of the financing partners and major shareholders in the transformation of BayWa AG."

About BayWa AG

BayWa AG develops innovative and sustainable solutions for the basic needs of food, energy, mobility and housing. The company is headquartered in Munich and employs around 20,000 people. The parent company, founded in 1923, is headquartered in Munich. BayWa AG has its origins in co-operative agricultural trade with the task of supplying rural areas with everything that agriculture needs. Further information can be found at www.baywa.com/presse.