THE SHARES EUR 5.17 on 9 November 2020, EUR 5.31 on 16 winning streak and the positive figures for the first November 2020, EUR 5.38 on 19 November 2020, half of the year. The BVB shares traded at EUR 5.18 the day of the virtual 2020 Annual General Meeting, on 1 February 2021. On 8 February 2021, the EUR 5.68 on 23 November 2020 and EUR 5.95 on Company published the preliminary semi-annual 27 November 2020. The team then produced figures (see ad hoc disclosure from the same date), inconsistent performances on the pitch in the announcing that it had generated positive earnings month of December 2020. While in the end the in the second quarter of the financial year despite team remained in the running across all the ongoing COVID-19 pandemic and the related competitions going into the winter break, lockdown measures. Consolidated total operating unsatisfactory results in the Bundesliga, including proceeds amounted to EUR 190.3 million in the the unexpected and resounding 1:5 defeat to VfB first half of the financial year (previous year: EUR Stuttgart, unfortunately led to head coach Lucien 297.4 million). In the first half of the financial year, Favre being released on 13 December 2020 and the consolidated net loss amounted to EUR 26.3 replaced by his assistant coach Edin Terzic. Shares million (previous year: profit of EUR 3.0 million). traded at EUR 5.71 on 1 December 2020, EUR 5.88 On this and the following trading day, BVB's shares on 9 December 2020 after the team advanced to closed at EUR 5.14. On 15 February 2021, Borussia the round of 16 of the UEFA Champions League, Dortmund announced that Marco Rose would be EUR 5.62 on 11 December 2020, EUR 5.47 on 14 the new head coach beginning in the 2021/2022 December 2020, the day after head coach Lucien season (see corporate news from the same date). Favre was released, EUR 5.36 on 21 December The share price jumped on the heels of this news 2020 and EUR 5.46 on 23 December 2020 after the and continued to increase. BVB shares traded at team advanced to the round of 16 of the DFB Cup. EUR 5.23 on 12 February 2021, EUR 5.33 on 15 The BVB shares ultimately closed out the 2020 February 2021, EUR 5.38 on 22 February 2021 and calendar year at EUR 5.44 on 30 December 2020. EUR 5.52 on 26 February 2021. The share price initially rose significantly as the team advanced to The shares of Borussia Dortmund kicked off the the quarter-finals of the UEFA Champions League new 2021 calendar year at EUR 5.39 on 4 January and the Company published positive business 2021 after the team won its first match in the announcements at the end of the reporting period, second half of the Bundesliga season on 3 January before declining again in March 2021. BVB shares 2021. Following another win, the share price traded at EUR 5.64 on 1 March 2021, EUR 5.75 on climbed to EUR 5.80 on 12 January 2021. However, 4 March 2021, EUR 6.00 on 9 March 2021, EUR 5.91 the shares traded at EUR 5.14 on 29 January 2021 on 16 March 2021, EUR 5.80 on 19 March 2021 and following a draw and two losses. The share price EUR 5.53 on 22 March 2021. On 29 March 2021, the recovered in February 2021 on the heels of a Company announced that the service agreements 17

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