EQS-Adhoc: Muehlhan AG: Correction to the Group forecast for financial year 2023

Publication of Inside Information in Accordance with Article 17 MAR

Muehlhan AG: Correction to the Group forecast for financial year 2023

Hamburg, July 12, 2023Muehlhan AG (Open Market; ISIN DE000A0KD0F7; WKN A0KD0F) (the company) hereby announces that the Groups forecast for the 2023 financial year is being corrected.

In the 2022 Annual Report published on April 14, 2023, revenues of 15 million to 20 million and EBIT break-even were forecast for the 2023 financial year.

The company now expects revenues to come in at between 10 million and 15 million, and EBIT between -2.0 million and -2.5 million.

The main reasons for the forecast correction are unexpectedly lower business activity in the Middle East, and a heavier strain on Russian operations due to the war in Ukraine and sanctions imposed in connection with this.

In addition, the company anticipates that consolidated income will be affected significantly more than previously expected due to one-time effects, particularly in connection with the settlement of the sale of key subsidiaries and other assets in the previous year, as well as costs in connection with the share buyback program. Furthermore, the company expects that the risk indicated in the 2022 Annual Report from the termination of an investment project on the German North Sea coast will come to fruition. The company has made a provision for this purpose.

You can request further information from:

Muehlhan AG

Investor Relations

Frithjof Dorowski

Phone: +49 (0)40 752 71-166

E-mail: investorrelations@muehlhan.com

About Muehlhan: Muehlhan AG is a listed corporation traded on the Open Market of the Frankfurt Stock Exchange (ISIN: DE000A0KD0F7 / WKN A0KD0F).

You can find additional information at www.muehlhan-ag.com

Contact: Muehlhan AG; phone: +49 40 75271-0;

e-mail: investorrelations@muehlhan.com