Brandenburg Kapital Invests in Veganz Group AG

Berlin, 12. August 2021 – Veganz Group AG - Germany's most innovative food brand in 2021 (source: YouGov/Handelsblatt) - today announces the successful completion of the second tranche of its equity capital increase. Having one of the leading brands for plant-based foods in Germany, the company was also able to bring another well-known investor on board as part of its second tranche with Brandenburg Kapital.

Veganz Group AG was already able to convince important investors as part of the first tranche of the pre-IPO private placement in July 2021. In addition to the award-winning Paladin One fund as lead investor, the company Develey Holding and several private investors, including Marcel Maschmeyer and Michael Durach, took a stake in Veganz Group AG.

Brandenburg Kapital, the leading venture capital company in the Brandenburg region, is now one of the Veganz investors. As one of the few independent vegan companies in Germany with a unique full range of vegan products and the award for Most Innovative Food Brand 2021, the new funds will be used, among other things, for a modern second production facility. In the future, in addition to plant-based alternatives to classic dairy products, such as blue cheese and Camembert, vegan meat and fish alternatives will be produced on more than 9,000 square meters of production area.

Thanks to the new "Veganz Food Factory", 17 million tons of CO2 can be saved in the production of plant-based commercial goods in 2024 alone. But that's not all: in the categories of fish alternatives and soft cheese alternatives, Veganz is already one of the top five brands listed in the Nielsen Veggie category. This is reflected not least in their sales revenues. In the vegan cheese alternatives segment alone, Veganz was able to increase its sales by more than 275 percent in the first half of 2021 (as of June 2021).

With continued positive business development - as of the end of July, Veganz Group AG's customer sales revenues grew by 22 percent compared to the same period last year - solid financing and a good capital market environment, Veganz Group AG is planning an IPO within the next twelve months to give itself another option to finance the enormous growth opportunities for the future.

Jan Bredack, CEO of Veganz Group AG: "We are incredibly proud that in Brandenburg Kapital, a subsidiary of Brandenburg's development bank ILB, we not only have an investor, but above all a strategic sparring partner at our side who is supporting us in setting up our second production facility on the outskirts of Berlin. We are currently building Europe's largest production facility for purely plant-based products on the A10 Berliner Ring freeway in Werder/Havel."

Dr. Torsten Fiegler, Investment Manager at Brandenburg Kapital: "Veganz's own production and the associated depth of value creation will bind sustainable know-how and generate competitive advantages. It will also provide many flexitarians with high-quality offers to sustainably change their diet."

About Veganz Group AG

Veganz – Good for you, better for everone - is the brand for plant-based foods. Founded in Berlin in 2011, the company became known as Europe's first vegan supermarket chain. With a colorful and life-affirming corporate philosophy, Veganz managed to break up the vegan niche and establish the plant-based nutrition trend on the market. Around 400 products have now been developed under the Veganz brand. The current product portfolio includes 120 products across many categories and is available worldwide in 28 countries and in over 22,000 food retail and drugstore markets. In addition, the Veganz product portfolio is continuously being expanded with high-quality, innovative items and the sustainable value chain is constantly being improved. For this commitment, Veganz was the only German company to be selected as one of the top 3 innovative brands and the most innovative food brand in Germany in an exclusive Handelsblatt ranking in 2021.

Media contact: Kim Matthies | presse@veganz.de | +49 30 2936378 108

About Brandenburg Kapital GmbH/ ILB

Brandenburg Kapital GmbH is a subsidiary of the Investitionsbank des Landes Brandenburg (ILB). Since 1993, as the venture capital arm of ILB, it has supported Brandenburg-based companies by acquiring equity stakes and equity-like investments. As a public venture capital company, experienced lead investor and active partner, Brandenburg Kapital ensures a strong equity base for start-ups and small and medium-sized enterprises in the State of Brandenburg on the basis of a stable group environment. For this purpose, the Early-stage and Growth Fund is currently available in the amount of around 100 million euros. The fund for the Brandenburg Kapital fund, which was set up on behalf of the Brandenburg Ministry of Economics, are currently provided by the European Fund for Regional Development and by the ILB. Through the investment activities of the ILB, 232 companies been accompanied so far on their growth course with around 256 million euros. In addition, private investors have invested more than 525 million euros in the companies to date.

For more information: www.brandenburg-kapital.de