Hamburg, 19 January 2023. The Naga Group AG (Naga) is in discussions to pursue a
potential strategic transaction with a multi-country brokerage firm, potentially in the form of a merger of the two companies. Naga will maintain its current listing status following the
consummation of any such transaction.
The transaction is subject to due diligence and is expected to be finalised subject to
customary conditions precedent and regulatory approvals, and to close in Q4 2023.