2022-10-31
Letter to our shareholders

Marburg, October 2022

Dear Shareholders,

You know us as an investment holding which, since 2016, has built a strong track record of successfully operating in its three segments of ITC (Information and Telecommunications Technology), Renewable Energies and SHAC (sanitary, heating and air conditioning technology). We have identified promising business models and reaped the benefit of mega trends for more than 25 years. The 3U Group's dedicated and seasoned management team has enabled us to position our participating investments as powerful market operators, thereby steadily raising their enterprise value. In our view, ensuring sustainable organic growth, reinforcing earnings power and enabling shareholders to participate in profits by way of dividend go hand in hand.

You have been following the most recent developments at your 3U. As you know, your company has put exciting and eventful weeks and months behind it. The construction project in Würzburg has been brought to completion, with huge financial success, for instance. First and foremost, however, preparations for a possible IPO of weclapp SE, and the now successfully completed sale of this subsidiary to the Exact Group, placed great demands on us, and we are proud of the result. We were able to negotiate excellent conditions in the current economic environment and increase 3U's investment in the cloud-based ERP software provider multiple times over. Many capital markets participants acknowledged and rewarded this development: your 3U share is moving again - and your 3U will keep evolving.

Our strategic goal is to sustainably accelerate our growth while reinforcing our profitability. Our plan is to go forward on the basis of what has been tried and tested. And we plan to set about developing new future possibilities in our three segments - as successfully as we have done in the past. With this in mind, we are currently working with the entire management team in a future workshop on validating the potential of the various business models. The aim is to develop new momentum in order to achieve our strategic goals on our journey of sustainable profitable growth. As part of this workshop, we will be refining the priority areas of our corporate strategy in the weeks ahead. In all our activities, we stay true to our corporate purpose of creating value for all stakeholders: employees, suppliers, customers, and naturally also for you as our valued investors.

We take your questions and your suggestions seriously. We intend to expand and deepen our dialoguing with our shareholders through the formal format of an annual general meeting and beyond. Let us foster even closer contact: Please get in touch with us at any time using the web form, via email to ir@3u.net or by telephone +49 (0)6421 9991200. We also welcome connecting up with you via the LinkedIn professional network.

A great deal of transparent and detailed information is already available to you: You will find comprehensive information on the share and on the company under the "Investor Relations" heading on our website (to be given a new look before the end of this year). On our YouTube channel you can also find and follow elaborations on various context and background information over the course of time.

We also keep you informed of the latest developments in our newsletter which you can subscribe to. Do you have any suggestions or wishes? We would be delighted to hear from you - and are all ears!

The year 2022 is a special one - let us continue to create value together.

May we express our sincere thanks for your trust in 3U and your commitment as our valued shareholders.
We are determined to merit this trust and to ensure that your commitment will pay off.

Your 3U HOLDING AG Management Board

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3U Holding AG published this content on 31 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 October 2022 09:49:02 UTC.