EQS-PVR: Correction of a release from 30/08/2024, 18:00 CET/CEST - AUTO1 Group SE: Release according to Article 43, Section 2 of the WpHG [the German Securities Trading Act]

Eric Bannasch on his own behalf and on behalf of Cadian GP, LLC, Cadian Capital
Management GP, LLC, Cadian Capital Management, LP and Cadian Master Fund L.P.
informed us on 30 August 2024 pursuant to sec. 43 (1) German Securities Trading Act
(Wertpapierhandelsgesetz), without disclosing the share of the respective forms of financing
in the total financing of the increase of voting rights, about the following:

Following the crossing of the 10% threshold in voting rights of AUTO1 Group SE,
Bergmannstraße 72, D-10961 Berlin (LEI 391200S2LPXG5ZD5G304) (the “Company”) on
19 August 2024 and with reference to the related voting rights notification dated 20 August
2024, Eric Bannasch on his own behalf; and on behalf of the below undertakings referred to
in no. 8 of the voting rights notification: Cadian GP, LLC; Cadian Capital Management GP,
LLC; Cadian Capital Management, LP; and Cadian Master Fund L.P. (together the “Notifying
Parties”) hereby notifies the Company pursuant to Sec. 43 para. 1 sentences 1 and 3 WpHG
as follows, provided that the English version shall prevail:
1. Objectives pursued with the acquisition:

a) The acquisition of voting rights in the Company serves the implementation of day-to-
day investment activities aimed at the realization of return on investments while not
excluding the implementation of strategic objectives.
b) Over the next twelve months, further acquisitions of voting rights of the Company will
largely depend on the share price and the general economic situation of the
Company.
c) The Notifying Parties may seek to exert influence on the composition of the
Company’s administrative, managing and supervisory bodies by expressing opinions
and through discussions and recommendations. The Notifying Parties do not intend
to seek to participate in the relevant bodies themselves.
d) The Notifying Parties do not currently intend to seek a material change in the capital
structure of the Company, in particular with regard to the ratio of equity and debt
financing and the dividend policy.
2. Origin of the funds used for the acquisition of the voting rights:
The voting rights were acquired using limited partner contributions and margin loans
obtained by the funds.