Mercedes-Benz Group AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

Mercedes-Benz Group AG
Mercedes-Benz Group AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
02.09.2022 / 20:02 CET/CEST
Dissemination of a Voting Rights Announcement transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Notification of Major Holdings

1. Details of issuer
Name: Mercedes-Benz Group AG
Street: Mercedesstrasse 120
Postal code: 70372
City: Stuttgart
Germany
Legal Entity Identifier (LEI): 529900R27DL06UVNT076

2. Reason for notification
  Acquisition/disposal of shares with voting rights
X Acquisition/disposal of instruments
  Change of breakdown of voting rights
  Other reason:

3. Details of person subject to the notification obligation
Legal entity: Bank of America Corporation
City of registered office, country: Wilmington, DE, United States of America (USA)

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

5. Date on which threshold was crossed or reached:
29 Aug 2022

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 2.44 % 7.53 % 9.97 % 1069837447
Previous notification 2.30 % 8.15 % 10.45 % /

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)
DE0007100000 0 25837779 0.00 % 2.42 %
US2338252073 0 213688 0.00 % 0.02 %
Total 26051467 2.44 %

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 %
Right to Recall N/A N/A 1299734 0.12 %
Rights of Use N/A N/A 352783 0.03 %
Call Option 16/12/2022 - 20/12/2024 N/A 5362700 0.50 %
Call Option 24/10/2022 - 27/02/2025 N/A 43081857 4.03 %
Call Option 24/10/2022 - 27/02/2025 N/A 43081857 4.03 %
    Total 50097074 4.68 %

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 %
Swap 02/09/2022 - 05/05/2025 N/A Cash 5965493 0.56 %
Call Option 24/10/2022 - 02/05/2023 N/A Cash 7066996 0.66 %
Call Option 24/05/2024 - 21/06/2024 N/A Cash 1835645 0.17 %
Put Option 16/09/2022 - 20/12/2024 N/A Physical 12772500 1.19 %
Put Option 24/05/2024 - 20/12/2024 N/A Cash 2873830 0.27 %
Put Option 24/10/2022 - 27/02/2025 N/A Physical 43081857 4.03 %
Put Option 24/10/2022 - 27/02/2025 N/A Physical 43081857 4.03 %
      Total 30514464 2.85 %

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)
Bank of America Corporation % % %
NB Holdings Corporation % % %
BofAML Jersey Holdings Limited % % %
BofAML EMEA Holdings 2 Limited % % %
ML UK Capital Holdings Limited % % %
Merrill Lynch International % % 5.39 %
- % % %
Bank of America Corporation % % %
NB Holdings Corporation % % %
BAC North America Holding Company % % %
Bank of America, National Association % % %
- % % %
Bank of America Corporation % % %
NB Holdings Corporation % % %
BofA Securities, Inc. % % %
- % % %
Bank of America Corporation % % %
NB Holdings Corporation % % %
BAC North America Holding Company % % %
Merrill Lynch, Pierce, Fenner & Smith Incorporated % % %
- % % %
Bank of America Corporation % % %
NB Holdings Corporation % % %
BAC North America Holding Company % % %
Merrill Lynch, Pierce, Fenner & Smith Incorporated % % %
Managed Account Advisors LLC % % %
- % % %
Bank of America Corporation % % %
NB Holdings Corporation % % %
BAC North America Holding Company % % %
Bank of America, National Association % % %
U.S Trust Company of Delaware % % %
- % % %
Bank of America Corporation % % %
NB Holdings Corporation % % %
BofA Securities, Inc. % % %
Merrill Lynch Professional Clearing Corp. % % %

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:
Ad 7.b/8 The put and call options amounting to a percentage of 4,03% each were not aggregated as they relate to a collar transaction and a back-to-back collar transaction, respectively, under which, on a consolidated basis, Bank of America Corporation can acquire 4,03% of the voting rights in Mercedes-Benz Group AG (or receive an equivalent amount in cash) only once. 

Date
01 Sep 2022



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