Convertible bond buy-back

In March 2021 ams AG announced a partial buyback of the company’s outstanding convertible bonds for a market value of up to EUR 100 million. Following a required regulatory approval in Switzerland, ams AG began related repurchase activities in April 2021. The buyback program concluded 30 December 2021.

The repurchase of the convertible bonds wasexecuted at market price via over-the-counter trading (OTC trading) and, where appropriate, at the relevant international trading platforms. HSBC Trinkaus & Burkhardt AG, Düsseldorf, Germany, was mandated by ams AG to execute the repurchase of the convertible bonds independently in compliance with pre-defined parameters. The requirements set forth by Circular No 1 of the Swiss Takeover Board were be complied with.

The maximum daily repurchase volume (notional value) according to Art. 123 para. 1 lit. c of the Swiss Ordinance on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading ("FMIO") amounted to:

• USD 2022 convertible bond: USD 2,000,000
• EUR 2025 convertible bond: EUR 5,000,000
• EUR 2027 convertible bond: EUR 5,000,000

In compliance with Swiss and Austrian regulations, ams AG makes the following information available regarding its convertible bond buy-back activity:

• ISIN: DE000A19PVM4 (USD 2022 convertible bond)
• ISIN: DE000A19W2L5 (EUR 2025 convertible bond)
• ISIN: DE000A283WZ3 (EUR 2027 convertible bond)

The management board of ams AG announced the intention to implement a partial buyback of the company’s outstanding convertible bonds (USD convertible bond, due 2022 and/or EUR convertible bond, due 2025) for a market value of up to USD 100 million in November 2018. Following a required regulatory approval in Switzerland, ams AG began related repurchase activities in March 2019. The buyback program concluded on 30 December 2019.

The repurchase of the convertible bonds has been executed at market price via over-the-counter trading (OTC trading) and, where appropriate, at the relevant international trading platforms. Citigroup Global Markets Limited, London, was mandated by ams AG to execute the repurchase of the convertible bonds independently in compliance with pre-defined parameters. The requirements set forth by Circular No 1 of the Swiss Takeover Board have been complied with.

The maximum daily repurchase volume (notional value) according to Art. 123 para. 1 lit. c of the Swiss Ordinance on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading ("FMIO") amounted to:

• USD convertible bond: USD 5,000,000
• EUR convertible bond: EUR 8,000,000

In compliance with Swiss and Austrian regulations, ams AG makes the following information available regarding its convertible bond buy-back activity:

• ISIN: DE000A19PVM4 (USD convertible bond)
• ISIN: DE000A19W2L5 (EUR convertible bond)