3U Holding AG announced resignation of Michael Schmidt from the Management Board for health reasons with effect from May 25, 2022. At the same time, Schmidt, a major shareholder of the Company with a shareholding of 25.49% of the shares, has submitted a proposal to the Supervisory Board pursuant to section 100 para. 2 sentence 1 no.

4 of the German Stock Corporation Act (AktG) to elect him to the Supervisory Board of the Company. The Supervisory Board intends to adopt this proposal and, against this background, also to propose to the Annual General Meeting that the Supervisory Board be expanded to four members. The Supervisory Board intends to reappoint Christoph Hellrung, currently Chief Financial Officer of weclapp SE, as a member of the Management Board of 3U HOLDING AG.

Michael Schmidt was one of the founders of 3U Telekommunikation GmbH in 1997 and Head of Technology at the company until 2002. In the same year he was appointed to the Management Board of 3U HOLDING AG, at that time still trading as 3U TELECOM AG, and has been Spokesman of the Management Board since 2011.