Ad hoc announcement according to Art. 17 MAR

Hamburg, 21 May 2026 - The Executive Board of Ernst Russ AG (ISIN DE000A161077 today raised its previous forecast for the full year 2026. The forecasted operating result (EBIT) is now in a range between EUR 45 and 55 million (previously: range between EUR 34 and 44 million). The expected revenues remain within a range between EUR 145 and 160 million.

The upward revision of the forecast results from the sale of the 1,710 TEU container vessel MV "EF Emira", built in 2008, which was entered into today. The revised forecast is further supported by the positive business performance in the current financial year 2026 and is based on predominantly already concluded charter agreements, a utilisation of the Ernst Russ Group's fleet in line with planning of approximately 97%, an unchanged economic environment, as well as the assumption of an average exchange rate for the remaining financial year of USD/EUR 1.20. Further future vessel sales are not included in the revised forecast.

The financial figures for the first three months of 2026 will be published on 28 May 2026.

This ad hoc release was published on 21 May 2026 at 08:05 pm.