Bank of America voting rights at 0,10 % incl. voting rights through instruments at 3,53 %.

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
20.06.2024 / 16:27 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
  Acquisition/disposal of instruments
  Change of breakdown of voting rights
X Other reason:
Updated calculation methodology for cash equity positions held in trading books for client facilitation purposes.

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:
17 Jun 2024

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 0.10 % 3.43 % 3.53 % 1069837447
Previous notification 2.11 % 4.61 % 6.72 % /

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 916963 0.00 % 0.09 %
US2338252073 0 181690 0.00 % 0.02 %
Total 1098653 0.10 %

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 %
Physical Call Option 17/12/2025 - 15/07/2027 N/A 24183633 2.26 %
Right to Recall Common Stock N/A N/A 20754 0 %
Rights of Use Common Stock N/A N/A 632484 0.06 %
Rights of Use Depositary Receipt N/A N/A 3240 0 %
Physical Call Option 21/06/2024 - 17/12/2027 N/A 3655000 0.34 %
Physical Option 06/01/2025 - 22/05/2025 N/A 193 0 %
Physical Call Option 17/12/2025 - 15/07/2027 N/A 24183633 2.26 %
    Total 28495304 2.66 %

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 %
Swaps 27/06/2024 - 11/06/2029 N/A Cash 3044299 0.28 %
Put Option 21/06/2024 - 15/12/2028 N/A Physical 5150000 0.48 %
Put Option 17/12/2025 - 15/07/2027 N/A Physical 24183633 2.26 %
Put Option 17/12/2025 - 15/07/2027 N/A Physical 24183633 2.26 %
      Total 8194299 0.77 %

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 % % %
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 % % %
Merrill Lynch International, LLC % % %
Merrill Lynch B.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 The put and call options amounting to a percentage of 2,26% 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 2,26% of the voting rights in Mercedes-Benz Group AG (or receive an equivalent amount in cash) only once. 

Date
20 Jun 2024



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