FinLab AG — Interim / Quarterly Report 2023

Sep 29, 2023

NEXT GENERATION FINANCE. NOW.

Half-year report as of 30 June 2023

CONTENT

D

HALF-YEAR REPORT

Interim financial statements (HGB)	03
Balance Sheet	()4
Income Statement	06
Development of fixed assets	07
Notes to the Interim financial statements	08
Contact	13

Page 3

INTERIM FINANCIAL STATEMENTS (HGB) AS OF 30 JUNE 2023

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Assets		KP '74
A. Non-current assets
I. Intangible assets
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3. Investments
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	51,455,586.51	55,793,199.29
B. Current assets
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6TCFG TGEGKXCDNGU	2.00
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	9,043,491.20	5,044,090.79
C. Accruals and prepayments

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Equity and liabilities

		KP '74
A. Equity
+ 5WDUETKDGF ECRKVCN
II. Capital reserve
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	51,573,580.62	58,873,789.29
B. Provisions
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++ 1VJGT RTQXKUKQPU
	876,849.77	1,102,049.80
C. Liabilities
+ .KCDKNKVKGU VQ DCPMU VJGTGQH YKVJ C TGOCKPKPI VGTO QH WR VQ QPG [GCT '74 '74		0.00
++ 6TCFG RC[CDNGU VJGTGQH YKVJ C TGOCKPKPI VGTO QH WR VQ QPG [GCT '74 '74
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	8,015,346.90	874,809.65
D. Accruals and prepayments		0.00
	60,519,295.17	60,850,648.74

FinLab AG Half-year report as of 30 June 2023

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INCOME STATEMENT

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		KP '74
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3. Cost of materials
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	-7,288,519.56	2,869,271.84
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12. Result after taxes	-7,300,208.67	2,372,361.73
1VJGT VCZGU	0.00	0.00
14. Period result	-7,300,208.67	2,372,361.73

DEVELOPMENT OF FIXED ASSETS

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Acquisition costs Accumulated depreciation Balance sheet value 01/01/2023 Additions Discharges 30/06/2023 01/01/2023 Additions Discharges 30/06/2023 31/12/2022 30/06/2023 Intangible assets 0.00 0.00 0.00 2TQRGTV[-RNCPV-CPF-GSWKROGPV -.GCUGJQNF-KORTQXGOGPVU- ----KP-TGPVGF-DWKNFKPIU 0.00 0.00 -2NCPV-CPF-QHƂEG-GSWKROGPV 0.00 0.00 263,583.96 19,294.50 0.00 282,878.46 32,981.96 21,759.01 0.00 54,740.97 230,602.00 228,137.49 (KPCPEKCN-CUUGVU -5JCTGU-KP-CHƂNKCVGF-EQORCPKGU 0.00 0.00 0.00 0.00 0.00 -.QCPU-VQ-CHƂNKCVGF-EQORCPKGU 0.00 0.00 0.00 0.00 0.00 3. Investments -.QCPU-VQ-EQORCPKGU- ----KP-YJKEJ-C-RCTVKEKRCVKPI ----KPVGTGUV-KU-JGNF 0.00 0.00 -5GEWTKVKGU-JGNF-HQT- investment 0.00 0.00 63,737,666.99 4,501,146.86 -93,292.28 68,145,521.57 8,184,195.70 8,757,866.86 -15,000.00 16,927,062.56 55,553,471.29 51,218,459.01 6QVCN-ƂZGF-CUUGVU 64,044,753.76 4,520,441.36 -93,292.28 68,471,902.84 8,251,554.47 8,779,761.86 -15,000.00 17,016,316.33 55,793,199.29 51,455,586.51

KP-'74

NOTES TO THE INTERIM FINANCIAL STATEMENTS FOR THE PERIOD FROM 1 JANUARY 2023 TO 30 JUNE 2023

General

The half-year financial statements of FinLab AG, Frankfurt am Main, as of 30 June 2023 have been prepared in accordance with Article 242 et seqq. and Article 264 et seqq. of the German Commercial Code (HGB) and in accordance with the relevant provisions of the German Stock Corporation Act (AktG).

FinLab AG is registered in the Commercial Register of the Local Court of Frankfurt am Main under the number HRB 58865. It is a small corporation within the meaning of Article 267 of the German Commercial Code (HGB).

The Income Statement is prepared according to the total cost method. The Company has made use of the simplification provision of Article 286 (4) of the German Commercial Code (HGB).

Accounting and valuation principles

In preparing the half-year financial statements and determining the comparative figures for the previous year, the same accounting policies were applied as in the annual financial statements as of 31 December 2022. A detailed description of these methods is published in the notes to the financial statements of the Annual Report 2022.

FinLab AG has entered into a merger agreement with Heliad Equity Partners GmbH & Co. KGaA (hereinafter referred to as "Heliad") on June 29, 2023. Under the terms of the merger agreement, Heliad will transfer all of its assets to FinLab AG (merger by absorption) as of January 1, 2023 in accordance with the provisions of the German Transformation Act (Umwandlungsgesetz). The required approvals for this agreement were granted by the Annual General Meetings of both companies on August 16/17, 2023. Heliad's general partner granted its consent on May 26, 2023. Heliad will cease to exist when the merger takes effect. In return, Heliad's limited shareholders who do not participate in the merger agreement will receive shares in FinLab AG for their shares in Heliad in accordance with the exchange ratio stipulated in the merger agreement.

As the approvals of the Annual General Meetings required for the merger to take effect were not received until after the reporting date of June 30, 2023, the merger was not yet included in the interim financial statements as of June 30, 2023.

Explanations to the balance sheet

The notes to the balance sheet relate to changes as of the balance sheet date 31 December 2022.

Fixed assets

The breakdown and development of the fixed assets shown in the balance sheet is presented in the statement of changes in fixed assets attached as an annex. Reversals of impairment losses are presented in the statement of changes in non-current assets as negative additions to depreciation and amortisation.

FinLab AG Half-year report as of 30 June 2023

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Receivables and other assets

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Equity capital

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Provisions

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Liabilities

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Liabilities to banks

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Other liabilities

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Explanations to the Income Statement

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Other disclosures

Contingent liabilities

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Investments list

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Investments	*GCFSWCTVGTU	2GTEGPVCIG JQNFKPI	'SWKV[ KP 6'74	Annual result 2022 KP 6'74
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Information on the existence of a shareholding in the company

GfBk Gesellschaft für Börsenkommunikation mbH, Kulmbach, notified us in accordance with Article 20 (1) and (3) of the German Stock Corporation Act (AktG) that it directly holds more than one fourth of the shares in FinLab AG. Furthermore, GfBk Gesellschaft für Börsenkommunikation mbH, Kulmbach, notified us in accordance with Article 20 (4) of the German Stock Corporation Act (AktG) that it directly holds a majority stake in FinLab AG.

BFF Holding GmbH, Kulmbach, notified us in accordance with Article 20 (1) and (3) of the German Stock Corporation Act (AktG) that it indirectly holds more than one fourth of the shares in FinLab AG, as the shares held by GfBk Gesellschaft für Börsenkommunikation mbH, Kulmbach, in our company are attributable to it as sole shareholder in accordance with Article 16 (4) of the German Stock Corporation Act (AktG).

Furthermore, BFF Holding GmbH, Kulmbach, notified us in accordance with Article 20 (4) of the German Stock Corporation Act (AktG) that it indirectly holds a majority stake in FinLab AG, as the shares held by GfBk Gesellschaft für Börsenkommunikation mbH, Kulmbach, in our company are attributable to it as sole shareholder in accordance with Article 16 (4) of the German Stock Corporation Act (AktG).

Mr Bernd Förtsch, Kulmbach, notified us in accordance with Article 20 (1) and (3) of the German Stock Corporation Act (AktG) that he indirectly holds more than one fourth of the shares in FinLab AG, as the shareholdings held by BFF Holding GmbH, Kulmbach, and the shareholdings held by GfBk Gesellschaft für Börsenkommunikation mbH, Kulmbach, are attributable to him as sole shareholder in accordance with Article 16 (4) of the German Stock Corporation Act (AktG).

Mr Bernd Förtsch, Kulmbach, also notified us in accordance with Article 20 (4) of the German Stock Corporation Act (AktG) that he indirectly holds a majority stake in FinLab AG, as the shareholdings held by BFF Holding GmbH, Kulmbach, and by GfBk Gesellschaft für Börsenkommunikation GmbH, Kulmbach, are attributable to him as sole shareholder in accordance with Article 16 (4) of the German Stock Corporation Act (AktG).

The above notifications were published in the Bundesanzeiger (German Federal Gazette) on 8 February 2021.

Executive Board

The following are appointed as members of the Board of Management:

• Falk Schäfers, Frankfurt am Main Member of the Management Board of FinLab AG
• Julian Kappus, Frankfurt am Main Member of the Management Board of FinLab AG

FinLab AG Half-year report as of 30 June 2023

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Supervisory Board

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• Volker Rofalski, Munich ---/GODGT-QH-VJG-5WRGTXKUQT[-\$QCTF ---/CPCIKPI-&KTGEVQT-QH-QPN[-PCVWTCN-OWPKEJ-)OD*-/WPKEJ

Events after the balance sheet date

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FinLab AG Ulmenstraße 37-39 60325 Frankfurt am Main investor-relations@finlab.de Phone +49 69 719 1280-0