DGAP-Adhoc: AURELIUS Equity Opportunities SE & Co. KGaA: Corporate governance and transparency initiative, including the transition of AURELIUS Management SE from a dualistic to a monistic management system with a Board of Directors

Publication of insider information pursuant to Article 17 MAR

AURELIUS Equity Opportunities: Corporate governance and transparency initiative, including the transition of AURELIUS Management SE from a dualistic to a monistic management system with a Board of Directors

Munich/Grünwald, October 9, 2020 - The Management and Supervisory Boards of AURELIUS Management SE, the general partner of AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8), today adopted a corporate governance and transparency initiative. Among other things, this initiative sets out a transition from a dualistic to a monistic management system for AURELIUS Management SE.

Transition of AURELIUS Management SE from a dualistic to a monistic management system with a Board of Directors chaired by Dr Dirk Markus

The former dualistic structure of the Management and Supervisory Boards will in future be based on the Anglo-Saxon model, with a single Board of Directors. This new Board of Directors of AURELIUS Management SE, chaired by Dr Dirk Markus, will bring together all current members of the Management and Supervisory Boards in a single body. This will strengthen the efficiency of corporate governance in the long term. The Board of Directors will manage the company, determine the basic principles of its activities and monitor their implementation.

Two members of the Board of Directors will act as Executive Directors. Matthias Täubl will take over the function of Chief Executive Officer of AURELIUS Management SE. He joined AURELIUS in 2008 and has been a member of the Management Board since August 2018. Fritz Seemann will become the second Executive Director, having joined AURELIUS in 2009 and the Management Board at the end of 2017.

Further corporate governance and transparency measures

In the future, members of the Board of Directors of AURELIUS Management SE will no longer receive virtual carried interest sub-participation bonuses. Instead, they will participate with their own funds in newly acquired group companies within the framework of co-investments. The current incentive system of carried interest sub-participation bonuses will be phased out.

It is also intended that the Supervisory Board of AURELIUS Equity Opportunities SE & Co. KGaA will in future form three committees: an audit committee, a personnel committee and a nomination committee. At the next election to the Supervisory Board, only one new member to be elected shall be nominated by the companies founders. In future, even more external industry experts are to be proposed for election.

Furthermore, sales and earnings figures for the portfolio are to be broken down in more detail by various clusters in future.

The quarterly calculation of net asset values (NAV) will be based on the International Private Equity and Venture Capital Valuation Guidelines (IPEV), which are recommended by the Bundesverband Deutscher Kapitalbeteiligungsgesellschaften (BVK) and by international private equity associations.