ZEAL Network SE

EQS-PVR: ZEAL Network SE: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

EQS Voting Rights Announcement: ZEAL Network SE
ZEAL Network SE: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

04.11.2025 / 09:54 CET/CEST
Dissemination of a Voting Rights Announcement transmitted by EQS News - a service of EQS Group.
The issuer is solely responsible for the content of this announcement.

Notification of Major Holdings

1. Details of issuer

Name:	ZEAL Network SE
Street:	Straßenbahnring 11
Postal code:	20251
City:	Hamburg Germany
Legal Entity Identifier (LEI):	391200EIRBXU4TUMMQ46

2. Reason for notification

	Acquisition/disposal of shares with voting rights
	Acquisition/disposal of instruments
	Change of breakdown of voting rights
X	Other reason: Cessation of the basis for attribution

3. Details of person subject to the notification obligation

Natural person (first name, surname): Oliver Jaster
Date of birth: 14 Jan 1970

4. Names of shareholder(s)
holding directly 3% or more voting rights, if different from 3.

MAX Automation SE
Othello Vier Beteiligungs GmbH & Co. KG
Cassio I GmbH & Co KG

5. Date on which threshold was crossed or reached:

31 Oct 2025

6. Total positions

	% of voting rights attached to shares (total of 7.a.)	% of voting rights through instruments (total of 7.b.1 + 7.b.2)	Total of both in % (7.a. + 7.b.)	Total number of voting rights pursuant to Sec. 41 WpHG
New	36.32 %	0.00 %	36.32 %	21681785
Previous notification	35.17 %	0.00 %	35.17 %	/

7. Details on total positions
a. Voting rights attached to shares (Sec. 33, 34 WpHG)

ISIN	Absolute		In %
	Direct (Sec. 33 WpHG)	Indirect (Sec. 34 WpHG)	Direct (Sec. 33 WpHG)	Indirect (Sec. 34 WpHG)
DE000ZEAL241	0	7875609	0.00 %	36.32 %
Total	7875609		36.32 %

b.1. Instruments according to Sec. 38 (1) no. 1 WpHG

Type of instrument	Expiration or maturity date	Exercise or conversion period	Voting rights absolute	Voting rights in %
0			0	0.00 %
		Total	0	0.00 %

b.2. Instruments according to Sec. 38 (1) no. 2 WpHG

Type of instrument	Expiration or maturity date	Exercise or conversion period	Cash or physical settlement	Voting rights absolute	Voting rights in %
				0	0.00 %
			Total	0	0.00 %

8. Information in relation to the person subject to the notification obligation

	Person subject to the notification obligation is not controlled nor does it control any other undertaking(s) that directly or indirectly hold(s) an interest in the (underlying) issuer (1.).
X	Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity:

Name	% of voting rights (if at least 3% or more)	% of voting rights through instruments (if at least 5% or more)	Total of both (if at least 5% or more)
Oliver Jaster	%	%	%
Günther SE	%	%	%
Günther Holding SE	36.32 %	%	36.32 %
Othello Vier Beteiligungs GmbH & Co. KG	36.32 %	%	36.32 %
-	%	%	%
Oliver Jaster	%	%	%
Günther SE	%	%	%
Günther Holding SE	36.32 %	%	36.32 %
Günther Consulting GmbH	%	%	%
Othello Vier Beteiligungs GmbH & Co. KG	36.32 %	%	36.32 %
-	%	%	%
Oliver Jaster	%	%	%
Günther SE	%	%	%
Günther Holding SE	36.32 %	%	36.32 %
-	%	%	%
Oliver Jaster	%	%	%
Günther Vermögens- und Beteiligungs GmbH & Co. KG	%	%	%
Cassio I GmbH & Co. KG	36.32 %	%	36.32 %
-	%	%	%
Oliver Jaster	%	%	%
Günther Vermögens- und Beteiligungs GmbH & Co. KG	%	%	%
Cassio I Management GmbH	%	%	%
Cassio I GmbH & Co. KG	36.32 %	%	36.32 %
-	%	%	%
Oliver Jaster	%	%	%
Günther Vermögens- und Beteiligungs Management GmbH	%	%	%
Günther Vermögens- und Beteiligungs GmbH & Co. KG	%	%	%
Cassio I GmbH & Co. KG	36.32 %	%	36.32 %
-	%	%	%
Oliver Jaster	%	%	%
Günther Vermögens- und Beteiligungs Management GmbH	%	%	%
Günther Vermögens- und Beteiligungs GmbH & Co. KG	%	%	%
Cassio I Management GmbH	%	%	%
Cassio I GmbH & Co. KG	36.32 %	%	36.32 %
-	%	%	%
Oliver Jaster	%	%	%
Günther SE	%	%	%
Günther Holding SE	36.32 %	%	36.32 %
MAX Automation SE	36.32 %	%	36.32 %

9. In case of proxy voting according to Sec. 34 para. 3 WpHG
(only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG)

Date of general meeting:
Holding total positions after general meeting (6.) after annual general meeting:

Proportion of voting rights	Proportion of instruments	Total of both
%	%	%

10. Other explanatory remarks:

Cessation of attribution with regard to Günther Holding Immobilien Management GmbH. Mutual attribution of voting rights (i) between MAX Automation SE, Günther Holding SE, Cassio I GmbH & Co. KG and Othello Vier Beteiligungs GmbH & Co. KG, and (ii) between Cassio I GmbH & Co. KG, Günther Holding SE and Othello Vier Beteiligungs GmbH & Co. KG on the basis of voting pooling agreements.

Date

03 Nov 2025

04.11.2025 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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