Tranche Update on Wüstenrot & Württembergische AG's Equity Buyback Plan announced on January 30, 2023.

Wuestenrot & Wuerttembergische AG (W&W) is a Germany-based company, which develops and provides the four building blocks of modern pension provision: insurance, home ownership, risk protection and wealth creation. It combines the business areas of living and insurance and offers its customers the pension solution that suits them. The Company relies on omni-channel sales, which range from its own field services to cooperation and partner sales as well as brokerage activities and digital initiatives. It operates exclusively in Germany. In the residential business area, the focus is on the building savings business and building financing through Wuestenrot Bausparkasse AG. There is the property development activity of Wuestenrot Haus- und Staedtebau GmbH and the brokerage of real estate by Wuestenrot Immobilien GmbH. In the insurance business area, it offers its customers a wide range of products from personal and property/casualty insurance.