Bank of America voting rights at 2.11% incl. voting rights through instruments at 6.72%.

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
24.12.2022 / 15:43 CET/CEST
Dissemination of a Voting Rights Announcement transmitted by EQS News - 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:
19 Dec 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 2.11 % 4.61 % 6.72 % 1069837447
Previous notification 2.38 % 5.76 % 8.15 % /

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 22397271 0.00 % 2.09 %
US2338252073 0 169387 0.00 % 0.02 %
Total 22566658 2.11 %

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 %
Call Option 16/08/2023 - 30/06/2026 N/A 31333857 2.93 %
Call Option 20/01/2023 - 21/06/2024 N/A 3637600 0.34 %
Right to Recall N/A N/A 703830 0.07 %
Rights of Use Common Stock N/A N/A 170440 0.02 %
Rights of Use Depositary Receipt N/A N/A 153 0 %
Call Option 16/08/2023 - 30/06/2026 N/A 31333857 2.93 %
    Total 35845880 3.35 %

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 %
Call Opton 20/01/2023 - 27/01/2025 N/A Cash 5359 0 %
Put Option 17/02/2023 - 20/12/2024 N/A Physical 5217500 0.49 %
Put Option 15/12/2023 N/A Cash 3677 0 %
Swaps 30/12/2022 - 17/11/2025 N/A Cash 8263309 0.77 %
Put Option 16/08/2023 - 30/06/2026 N/A Physical 31333857 2.93 %
Put Option 16/08/2023 - 30/06/2026 N/A Physical 31333857 2.93 %
      Total 13489845 1.26 %

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 % % %
- % % %
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. % % %
- % % %
Bank of America Corporation % % %
NB Holdings Corporation % % %
Merrill Lynch International, LLC % % %
ML Cayman Holdings Inc. % % %
Merrill Lynch International & Co. C.V. % % %

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 2,93% 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 2,93% of the voting rights in Mercedes-Benz Group AG (or receive an equivalent amount in cash) only once. 

Date
23 Dec 2022



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