1&1 AG's Strategic Capital Increase with United Internet AG

1&1 AG has announced a strategic decision to increase its capital through a contribution in kind from its majority shareholder, United Internet AG. The decision, approved by the Management and Supervisory Boards, will see 1&1 AG issue 35,352,929 new shares with an issue price reflecting the closing price of EUR 24.05. This move strengthens 1&1 AG's capital structure by increasing its equity ratio and financial flexibility for future network development.

The contribution from United Internet AG involves claims for loan repayment amounting to over EUR 850 million. As a result, their stake in 1&1 AG will rise to approximately 89.32%. This capital increase will lead to a total share capital of EUR 233,329,335.80, divided across over 212 million shares.

The newly issued shares will be traded on the regulated market of the Frankfurt Stock Exchange. This development underlines 1&1 AG's commitment to strengthening its position in the telecommunications sector, supported by United Internet AG's investment.