Corporate News:

Swiss Merchant Group AG ("SMG") announces that it would like to supplement and complete the points raised by Dr. Ingo Mantzke in a corporate news dated June 13, 2024:

A) Dr. Ingo Mantzke was never elected to any committee by the Board of Directors of Swiss Merchant Group AG to perform formal functions as "Head of an Investment Committee"

B) The Investment Committee has been held and exercised by the Board of Directors of Swiss Merchant Group AG for 10 years and the investments are executed by the management of Swiss Merchant Group AG

C) Dr. Ingo Mantzke was involved in various SMG projects as an advisor in the period from 2021-2024 and, at his request, received SMG business cards with the inscription "Head of Investment Committee” Unfortunately without there being an investment committee meeting or investment closing for projects during the period that was attributable to the involvement or connection of Dr. Ingo Mantzke

D) Dr. Ingo Mantzke was not granted a discharge for this period

E) The regulated investor SMG, which is subject to high corporate governance guidelines, separated from Dr. Ingo Mantzke in a non-public dissolution of the relationship in May 2024

F) Dr. Ingo Mantzke has never had any economic relationships or shares in the Mantzke Family Office in Kastanienbaum, Switzerland

G) Dr. Ingo Mantzke was removed from all management presentations & websites at the end of May 2024

H) The Board of Directors of SMG appreciates Dr. Ingo Mantzke's relationships and wishes him all the best in terms of health

About

Swiss Merchant Group AG ("SMG") is a private regulated investment company that carries out, invests in and de-invests in capital market transactions in its own name and for its own account as well as its own subscriptions & underwritings of government and corporate bonds.

Furthermore, SMG offers various overarching services such as arranging ECM / DCM capital market transactions with SMG's currently set up 142 bank and securities trading bank lines, which include the setting up & financing of FINMA / FIDLEG regulated Swiss Mini Bonds (SMBs) from Swiss issuers.

SMG was founded 17 years ago in 2007 in Zug, Switzerland and has been domiciled in Kastanienbaum in the canton of Lucerne, since 2022.

Kastanienbaum, 14.06.2024

Axel S. Krüger

Chairman of the Board of Directors