Dear shareholders,
Ladies and Gentlemen,

Today I am able to address you for the first time in my new role as Chairman and CEO of Blue Cap and would like to introduce myself to you.

As many of you know, I have been closely connected to Blue Cap since 2020 through my previous role as a member of the Supervisory Board. I know the investment industry and the environment of our portfolio companies in the German “Mittelstand” very well from my previous professional positions. I am pleased to shape the further development of Blue Cap AG now actively in the first row!

There are several important changes at Blue Cap AG in October. After Tobias Hoffmann-Becking only asked for his board contract to be terminated early for personal reasons at the end of August, I am very pleased that the supervisory board and Tobias were able to find an amicable solution very quickly. Matthias Kosch will also be leaving Blue Cap AG at the end of October and taking up an exciting new task. In the meantime, Fabian Bracher has started at Blue Cap AG and, as Director Finance / CFO, is essentially taking over Matthias' tasks. Last but not least, the Blue Cap AG team was strengthened in other positions as well.

The management board around Tobias and Matthias and the committed team at Blue Cap AG have implemented many important developments in recent years and created a strong foundation: I can now build on this with my board colleague Henning Eschweiler. After several years of strong profitable growth, we are currently confronted with a difficult economic environment and our portfolio companies are feeling economic headwinds. Thanks to successfully initiated measures to transform our portfolio, we are able to report solid operational development in 2023.

You can rest assured: we are committed to our mission of creating lasting value for you, our shareholders, but also for all other stakeholders in our group. I see significant growth and value enhancement potential for Blue Cap. My ambition is to significantly increase the share price in particular in the coming years. The basis for this is of course the growth and increasing profitability of the portfolio companies. However, we also want to increase the frequency of transactions again and are currently examining which segments we see as having the greatest value leverage. It is our aim as well to attract new investors and new capital for Blue Cap and to broaden the shareholder structure. Actions speak louder than words: We will make our progress transparent and regularly inform you about our strategic initiatives.

The next capital market event is with the publication of the Q3 figures on October 25, 2023. We cordially invite you to a virtual conference call on the same day at 1:30 pm with my colleague Henning Eschweiler and me. The registration details can be found below.

I look forward to a lively dialogue with you. Please contact us if you have any questions or suggestions at ir@blue-cap.de.

I wish you an interesting read and thank you for your interest!

Best regards,

Your Henning von Kottwitz