Blocked periods

The SFS Group Trading Policy specifies fixed blocking periods for trading in shares of SFS Group AG or derivatives that are significantly influenced by the share price of SFS Group AG (Ordinary Blocked Periods) for employees who have insider knowledge due to their function in the phase of preparing the Half-Year and Annual Financial Reports. In addition to the members of the Board of Directors and the Group Executive Board, this group consists of various persons designated by the CEO or CFO, in particular in the areas of finance, IT, legal and communi­cation. The fixed blocking periods last from December 1 until the end of one day after the publication of the Annual Report and from June 1 until the end of one day after the publication of the Half-Year Report. In the reporting year, there were thus fixed blocking periods from December 1, 2023, to March 7, 2024, from June 1, 2024, to July 18, 2024, and from December 1, 2024, to March 7, 2025. Exceptions to the trading suspension may be approved by the CEO or the Chair of the Board of Directors. No exceptions were requested or granted under the year under review.

Furthermore, the Trading Policy of the SFS Group provides for Extraordinary Blocked Periods, which can be declared by the CEO or the Chair of the Board of Directors if there is a risk of insider information being available during a certain period of time which is only accessible to a limited group of persons.