init decides share buy-back

Disclosure of inside information acc. to article 17 Regulation (EU) no 596/2014

Karlsruhe, 28 July 2020.

The managing board of init innovation in traffic systems SE has decided in accordance with the resolution of the general meeting of 26 May 2020, topic 7 of the agenda to repurchase up to 25,140 own shares (pursuant to § 71 (1.8) AktG) for a maximum total purchase price of EUR 860,000 (without additional charges) via the stock exchange.

The repurchased shares are to be used for existing and future employee share program, incentive program for members of the managing board and managing directors, as acquisition currency and/or for cash to third party.

It is planned to transact the share buy-back during the period from 28 July 2020 to 30 October 2020 on the stock exchange.