Ad hoc-Mitteilungen

Taaleri issues a positive profit warning and provides a preliminary estimate on its income and operating profit for the financial year 2021

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TAALERI PLC                INSIDE INFORMATION                1 DECEMBER 2021 AT 13:10 (EET)

Taaleri issues a positive profit warning and provides a preliminary estimate on its income and operating profit for the financial year 2021

Taaleri Plc issues a positive profit warning for the financial year 2021 due to the stronger-than-expected profit growth during the last quarter.

The result for the last quarter of the current year is very strong, especially due to performance fees and income recognition of investments. At this stage, Taaleri estimates that the income of continuing operations for the financial year 2021 will be EUR 65–70 million (2020: EUR 40.0 million) and the operating profit of continuing operations will be approximately EUR 25–30 million (2020: EUR 9.1 million). The final figures will be particularly affected by Garantia Insurance Company Ltd's investment income, which is affected by the development of the stock and fixed income markets during December.

During the current quarter, Taaleri will recognize income from e.g. the sale of Taaleri Housing Fund VI in the summer (net performance fee approximately EUR 3.9 million) and from the Taaleri Wind II fund due to its refinancing in October (net performance fee approximately EUR 4.8 million). In addition, Taaleri will recognize income from exits or listings of Group's investments (approximately EUR 3–4 million).

Taaleri does not publish a short-term outlook.

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