BVB SHARE APPENDIX • Research report by Hauck & Aufhäuser Privatbankiers AG, dated 26 August 2021 issued “Buy” • Research report by Berenberg, Hamburg, dated 18 August 2021 issued “Buy” recommendation (previously: “Buy”) • Research report by Edison Investment Research Ltd., London (UK), dated 17 August 2021, recommendation: “n/a” • Research report by Frankfurt Main Research AG, Frankfurt a. M., dated 17 August 2021 issued “Buy” recommendation (previously: “Buy”) • Research report by Stifel Europe Bank AG, Frankfurt a. M, dated 10 May 2021 issued “Hold” recommendation (previously: “Hold”) • Research report by GSC Research GmbH, Düsseldorf, dated 16 November 2020 issued “Buy” recommendation (previously: “n/a”) Further information available for download under “Capital Market View” at our IR page at www.bvb.de/aktie.