DGAP-News: tonies SE starts trading on the Frankfurt Stock Exchange through successful business combination with 468 SPAC

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Press Release

tonies SE starts trading on the Frankfurt Stock Exchange through successful business combination with 468 SPAC

Luxembourg, Düsseldorf - 29 November 2021 - tonies SE ("tonies"), a category-defining and leading international kid's digital audio entertainment company and the company behind the Toniebox player and Tonies audio figurines, announced today that the company's stock is now trading on the Frankfurt Stock Exchange under the ticker symbol "TNIE". Boxine GmbH ("Boxine") and 468 SPAC I SE, a Luxembourg special purpose acquisition company (SPAC) sponsored by Alexander Kudlich, Ludwig Ensthaler and Florian Leibert (General Partners of 468 Capital) closed their previously announced business combination on 26 November 2021 with the combined company now operating as tonies SE.

The business combination and related PIPE will result in gross proceeds of approximately EUR 190m for tonies. The proceeds are planned to be invested in further accelerating international growth, especially in the US, as well as product and platform expansion. The company expects around EUR 172m of revenue in 2021 and to reach approximately EUR 700m of revenue by 2025.

Patric Faßbender, Co-CEO of tonies SE: "Today's announcement is the start of a new chapter for tonies and I am particularly delighted to see what the company has achieved since I had the idea for the Toniebox almost 8 years ago - I would never have dreamt of such a success back then. As a listed company, we are now fully equipped to strengthen our category-leading position and introducing new and innovative entertainment solutions to kids across the globe."

Marcus Stahl, Co-CEO of tonies SE: "The listing on the Frankfurt Stock Exchange represents an important milestone for tonies' future growth and lays the foundation for our ambitious expansion plans by enhancing our entrepreneurial flexibility and granting access to capital markets. Backed by the additional proceeds, our purpose-driven team is fully focused on seizing the opportunities ahead. Our long-term vision of enabling kids' learning and entertainment experiences to take place in a safe, screen-free, and controlled environment has always been at the heart of our business and we are very excited to be entering this phase as a publicly listed entity together with a partner who shares this vision."

tonies will continue to be led by its co-founders Marcus Stahl and Patric Faßbender, who together will form the Management Board of tonies. The new tonies Supervisory Board will consist of high-profile and experienced members from a broad range of industries. Headed by Ms. Anna Dimitrova (Chairperson, current Chief Financial Officer at Vodafone Germany) and Mr. Christian Bailly (Vice Chairperson, current Managing Director at Armira), the Supervisory Board further includes Mr.

Alexander Kudlich (Sponsor of 468 SPAC), Mr. Alexander Schemann (Managing Partner at Armira), Mr. Helmut Jeggle (Managing Director of Salvia and Chairman of the Supervisory Board at BioNTech), Ms. Stephanie Caspar (Member of the Management Board at Axel Springer SE) and Mr. Thilo Fleck (Partner at Berner Fleck Wettich). Together with the Management Board, the Supervisory Board will strengthen the company's global footprint, thus positively impacting the business whilst supporting the expansion of tonies' product portfolio.

About tonies SE

Founded in 2013, tonies is the creator of a new multi-billion-euro category in kid's digital entertainment and the company behind the award-winning, screen-free tonies(R) audio entertainment system for kids aged 3 years and up. The revolutionary ecosystem consists of the Toniebox player and audio figurines - called Tonies - which when paired with the Toniebox start playing audio content. Currently 300 Tonies figurines are available, ranging from audio books to music, from knowledge to entertainment (incl. worldwide top licenses such as Frozen, Peppa Pig and Paw Patrol) as well as a digital audio library with additional content. tonies offers kids a digital storytelling experience in a way that stimulates their imagination and enables intuitive, tactile play. Since launching the product in late 2016, tonies has sold more than 2.4 million Tonieboxes and over 25 million Tonies. It is currently present in Germany, Austria, Switzerland, the UK, Ireland, France and the US.

For more information visit: https://ir.tonies.com/

Media contact

For tonies SE

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These materials may not be published, distributed or transmitted in the United States, Canada, Australia or Japan. These materials do not constitute an offer of securities for sale or a solicitation of an offer to purchase securities (the "Securities") of tonies SE (the "Company" and together with its consolidated subsidiaries, the "Group") in the United States, Australia, Canada, Japan or any other jurisdiction in which such offer or solicitation is unlawful. The Securities of the Company may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). There will be no public offering of the Securities in the United States or in any other jurisdiction. The Securities of the Company have not been, and will not be, registered under the Securities Act. The Securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan subject to certain exceptions.

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