Marcel Lux III SARL
Marcel Lux III SARL: Announcement of the fulfillment of the Offer Condition; settlement of the Offer

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN OR INTO ANY JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

Announcement of the fulfillment of the Offer Condition; settlement of the Offer

On 24 August 2023, Marcel LUX III SARL^[1] (the “Bidder“) published the offer document (the “Offer Document“) regarding its voluntary public purchase offer (the “Offer“) to the shareholders (the “SUSE Shareholders“) of SUSE S.A.[2] (“SUSE” or the “Company“) for the acquisition of all shares in SUSE in dematerialized form (titres dématérialisés) without any nominal value and an accounting par value of USD 0.10 (ISIN: LU2333210958; WKN: SUSE5A) (each a “SUSE Share“) which are not directly held by the Bidder against payment of a consideration in cash.

The acceptance period for the Offer (the “Acceptance Period“) ended on 22 September 2023, 24:00 hrs (Frankfurt am Main local time) / 18:00 hrs (New York local time).

Unless defined elsewhere herein, capitalised terms used below have the meaning given to them in the Offer Document.

I. Announcement of the fulfillment of the Offer Condition

Pursuant to Section 11.1 of the Offer Document, the Offer and the agreements that have been entered into as a result of its acceptance by the SUSE Shareholders are subject to the Offer Condition.

On 4 October 2023, the Bidder received an aggregate amount of the Interim Dividend with respect to the Bidder SUSE Shares which was at least equal to the Actually Required Financing Amount.

Therefore, the Offer Condition has been fulfilled and the Offer and the agreements entered into as a result of the acceptance of the Offer are no longer subject to a condition.

II. Offer Price

On 27 September 2023, SUSE declared the Interim Dividend with an Interim Dividend per SUSE Share payable in an amount of EUR 3.20. Consequently, the Offer Price to be paid by the Bidder amounts to EUR 12.80 per SUSE Share (i.e., EUR 16.00 minus the Interim Dividend per SUSE Share paid in the amount of EUR 3.20).

III. Settlement of the Offer

As described in more detail in Section 12.5 of the Offer Document, the settlement of the Offer and the payment of the Offer Price will take place not later than on the third banking day following this announcement. Settlement of the Offer is expected to occur on 6 October 2023.

Luxembourg, Grand Duchy of Luxembourg, 4 October 2023

Marcel LUX III SARL

^[1]  Marcel LUX III SARL is a private limited liability company (société à responsabilité limitée) incorporated under Luxembourg law, with registered office at 51A, Boulevard Royal, L-2449 Luxembourg, Grand Duchy of Luxembourg, registered with the Luxembourg Trade and Companies Register (Registre de Commerce et des Sociétés, Luxembourg) under registration number B 225723.

^[2]  SUSE S.A. is a public limited liability company (société anonyme) incorporated under the laws of Luxembourg with registered office at 11-13, Boulevard de la Foire, L‑1528 Luxembourg, Grand Duchy of Luxembourg, registered with the Luxembourg Trade and Companies Register (Registre de Commerce et des Sociétés, Luxembourg) under number B 225816.

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Important notice:

This publication is neither an offer to purchase nor a solicitation of an offer to sell shares in SUSE or any other securities. The Offer itself as well as its definite terms and conditions and further provisions concerning the Offer are published in the Offer Document. Investors and SUSE Shareholders are strongly advised to thoroughly read the Offer Document and all other relevant documents regarding the Offer when they become available, as they contain important information.

As the Bidder already holds a controlling stake in SUSE, the Offer is neither subject to the Luxembourg law of 19 May 2006 on takeover bids, as amended, nor to the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz). The Offer Document has not been, and will not be, reviewed by any regulatory authority in the Grand Duchy of Luxembourg, in the Federal Republic of Germany or in any other jurisdiction and no registrations, admissions or approvals of the Offer Document and/or the Offer have been made or granted under any laws and no registrations, admissions or approvals are contemplated. Subject to the exceptions described in the Offer Document and, where applicable, any exemptions to be granted by the respective regulatory authorities, no purchase offer is, has been or will be made, directly or indirectly, in those jurisdictions in which this would constitute a violation of the respective national law.

The Offer was published and made under the laws of the Federal Republic of Germany, certain applicable provisions of the laws of the Grand Duchy of Luxembourg and certain applicable provisions of securities laws of the United States of America. Any agreement that has been entered into as a result of accepting the Offer is governed by the laws of the Federal Republic of Germany and is to be interpreted in accordance with such laws.

It is possible that the Bidder may change its intentions and estimates expressed in documents or notifications or in the Offer Document after the publication of the documents, notifications or the Offer Document.