MANAGEMENT REPORT OVERALL ASSESSMENT OF EXPECTED PERFORMANCE The consequences of the COVID-19 pandemic will despite the net loss for the year, and the continue to have adverse effects in the coming Company's long-term focus, Borussia Dortmund 2021/2022 financial year. Due to the positive considers itself prepared to handle the still results of operations in the financial years prior to uncertain economic situation. The management is the COVID-19 pandemic, stable equity of EUR continuously reassessing the situation as it 257,858 thousand (which corresponds to an equity pertains to the COVID-19 pandemic. ratio of approximately 56.83%) as at 30 June 2021 OTHER DISCLOSURES The notes contain disclosures pursuant to § 160 (1) no. 2 AktG. REPORT IN ACCORDANCE WITH § 289A (1) HGB IN THE VERSION PURSUANT TO ARTICLE 83 (1) SENTENCE 2 EGHGB The following information has been provided by the 1) Ballspielverein Borussia 09 e.V. Dortmund, Company in response to the requirements of § 289 Dortmund, Germany: 14.88% of the voting a (1) sentence 1 nos. 1 to 9 HGB: rights (of which 5.53% held directly and 9.35% held indirectly by including the voting 1. As at 30 June 2021, the share capital of Borussia rights of Bernd Geske, Germany, pursuant Dortmund GmbH & Co. KGaA amounts to EUR to § 22 (2) and henceforth § 34 (2) WpHG) 92,000,000.00 and is divided into 92,000,000 2) Bernd Geske, Meerbusch, Germany: 14.88% no-par value ordinary bearer shares. All of of the voting rights (of which 9.35% held the shares have been admitted to trading on directly and 5.53% held indirectly by the Regulated Market (Prime Standard) of including the voting rights of Ballspielverein the Frankfurt Stock Exchange and to the Borussia 09 e.V. Dortmund, Dortmund, over-the-counter markets (Open Market) in Germany, pursuant to § 34 (2) WpHG) Berlin, Bremen, Stuttgart, Munich, Hamburg and Düsseldorf. Each no-par value share entitles the According to the information available, the holder to one vote at the Annual General Meeting. inclusion of the voting rights in either case The Company has only one class of shares, and is based on a shareholders' agreement all shares carry the same rights and obligations. concluded between Ballspielverein Borussia All other rights and responsibilities attaching to 09 e.V. Dortmund and Bernd Geske currently the Company's shares are determined in for a term until 30 June 2022 (after the original accordance with the German Stock Corporation agreement ending on 30 June 2017 was Act (Aktiengesetz, "AktG"). extended). The material subject matter of said agreement is the stipulation binding the 2. Restrictions affecting the voting rights or transfer parties to exercise their voting rights in favour of the shares, and of Ballspielverein Borussia 09 e.V. Dortmund with regard to Bernd Geske's shares in 3. Interests in the share capital of Borussia Borussia Dortmund GmbH & Co. KGaA, and Dortmund GmbH & Co. KGaA exceeding 10% of that Bernd Geske and Ballspielverein Borussia the voting rights as at 30 June 2021: 09 e.V. Dortmund mutually agree to inform 83