Disclaimer Important Notice This document has been prepared by Borussia Dortmund GmbH & Co. KGaA ("Company") and is strictly confidential. All material contained in this document and information presented is for information purposes only and must not be relied upon for any purpose, and does not purport to be a full or complete description of the Company or its business. This document does not, and is not intended to, constitute or form part of, and should not be construed as, an offer to sell, or a solicitation of an offer to purchase, subscribe for or otherwise acquire, any securities of the Company, nor shall it or any part of it form the basis of or be relied upon in connection with or act as any inducement or recommendation to enter into any contract or commitment or investment decision whatsoever. This document is not directed at, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction. Accordingly, the document may not be reproduced, redistributed, published or passed on, directly or indirectly, to any person in the United States of America ("United States"), Australia, Canada, Japan or any other jurisdiction, in each case where to do so would constitute a violation of the relevant laws of such jurisdiction. Persons into whose possession this document comes should inform themselves about, and observe, any such restrictions. The information contained in this document does not purport to be comprehensive. None of the Company nor Joh. Berenberg, Gossler & Co. KG ("Bank") nor any of their respective subsidiary undertakings or affiliates nor their respective directors, officers, employees, advisers or agents, accepts any responsibility or liability whatsoever for, or makes any representation or warranty, express or implied, as to the truth, fullness, accuracy or completeness of the information in this document (or whether any information has been omitted from thepresentation) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted ormade available or for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection therewith. By accepting this document you acknowledge the foregoing and that you will be solely responsible for your own assessment of the Company, the industry and the market position of the Company and that you will conductyourownanalysisandbesolely responsible for forming your ownviewofthecurrentand potentialfutureperformanceofthe Company'sbusiness.Allinformation in this documentis subjecttoverification, correction, completion,updating andchangewithout notice. Neither the Company nor the Bank undertake any obligation to provide the recipient with access to any additional information nor to update this document nor any information nor to correct any inaccuracies in any such information A significant portion of the information contained in this document, including market data and trend information, is based on estimates or expectations of the Company, and there can be no assurance that these estimates or expectations are or will prove to be accurate. Where any information and statistics are quotedfromanyexternalsource,suchinformationorstatistics should notbe interpreted as having beenadopted or endorsed by the Company as being accurate. All statements in this report attributable to third party industry experts represent the Company's interpretation of data, research opinion or viewpoints published by such industry experts, and have not been reviewed by them. Each publication of such industry experts speaks as of its original publication date and not as of the date of this document. This document contains forward-looking statements relating to the business, financial performance and results of the Company or the industry in which the Company operates. These statements may be identified by words such as "expectation", "belief", "estimate", "plan", "target" or "forecast" and similar expressions, or by their context. Forward-looking statements include statements regarding: strategies, outlook and growth prospects; future plans and potential for future growth; growth for products and services in new markets; industry trends; and the impact of regulatory initiatives. These statements are made on the basis of current knowledge and assumptions and involve risks and uncertainties. Various factors could cause actual future results, performance or events to differ materially from those described in these statements,and neither the Company nor any other person accepts any responsibility for the accuracy of the opinions expressed in this document or the underlying assumptions.No obligation is assumed toupdate any forward-looking statements. Theinformation contained in this document does not purport to be comprehensive and has not been subject to any independent audit or review. Certain of the financial information as of and for the years ended 30 June 2019, 2020 and 2021 has been derived from audited financial statements and should be read in conjunction with the relevant audited financial statements,including the notes thereto. Certain financial data included in the document consists of "non-GAAP financial measures". These non-GAAP financial measures may not be comparable tosimilarly titled measures presented by other companies,nor should they be construed as an alternative to other financial measures determined in accordance with German GAAP. You are cautionednot toplace undue reliance on any non-GAAP financial measures and ratios included herein. This documentandanymaterialsdistributed in connectionwiththis documentare not directedto, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction. This document does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities in Australia, Canada, Japan,or the United States. The securities described herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended ("Securities Act"), and may not be offered or sold in or into the United States, except pursuant to an exemption from the registration requirement of the Securities Act. Within the European Economic Area, this document is being made, and is directed only, to persons who are "qualified investors" within the meaning of Article 2(e) of the Prospectus Regulation (Regulation (EU) 2017/1129, as amended). This document is for information purposesonly and does not constitute an offering document or an offer of securities to the public in the United Kingdom to which section 85 ofthe Financial Services and Markets Act 2000 of the United Kingdom (as amended by the Financial Services Act 2012 of the United Kingdom) applies. It is not intended to provide the basis for any evaluation of any securities and should not be considered as a recommendation that any person should subscribe for or purchase any securities. In the United Kingdom, this document is being made, and is directed only, to persons who are both (i) “qualified investors” within the meaning of Article 2(e) of the Prospectus Regulation (Regulation (EU) 2017/1129, as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 and either (ii) persons falling within the definition of Investment Professionals (contained in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order")) or other persons to whom it may lawfully be communicated in accordance with the Order; or (iii) high net worth bodies corporate, unincorporated associations and partnerships and the trustees of high value trusts, as described in Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "Relevant Persons"). Any investment or investment activity to whichthis documentrelates in available only toRelevant Persons and will be engaged in only with Relevant Persons. Byattending this documentand/or accepting or reading a copy of this document,you agree tobe boundby the foregoing limitations and conditions.