VITESCO TECHNOLOGIES GROUP AG WILL EVALUATE SCHAEFFLER AG'S OFFER TAKING INTO ACCOUNT THE INTERESTS OF ALL STAKEHOLDERS

The Executive Board and Supervisory Board of Vitesco Technologies Group AG ("Vitesco Technologies”) will comply with their fiduciary duties to evaluate the voluntary public purchase offer for all outstanding shares of Vitesco Technologies and the merger of Vitesco Technologies into Schaeffler AG ("Schaeffler”) intended by Schaeffler, taking into account the interest of all Vitesco Technologies stakeholders, including all shareholders as well as the company and its employees.

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