Provided fairness opinion in relation Valartis Group’s public tender offer for ENR

Valartis AG, a subsidiary of Valartis Group AG and 98.38% majority shareholder of ENR Russia Invest AG (“ENR”), published an offer prospectus of the public tender offer for all publicly held bearer shares of ENR for an offer price of CHF 5.60 per share. The offer price reflects a premium of 0.9% compared to the closing price of the ENR Shares of CHF 5.55 on SIX Swiss Exchange Ltd («SIX») on 17 September 2024, the last trading day before the pre-announcement. The Corporate Finance Group AG has issued Fairness Opinion, on which basis the Board of Directors of ENR has unanimously decided to support the Offer and to recommend ENR’s shareholders to accept the Offer.