Annual General Meeting 2020 of ZEAL Network SE approves dividend

- Strong approval of all items on the agenda

- Dividend distribution of EUR 17.6 million (2018: EUR 8.4 million) approved

(Hamburg, 19 June 2020) ZEAL Network SE (Lotto24.de, Tipp24.com), Germany's leading online provider of state-licensed lottery products, today held its Annual General Meeting (AGM) in Hamburg as a virtual meeting.

With an overall attendance of around 70 percent of voting capital, the Management's proposed resolutions on all agenda items were adopted by a large majority. In addition to the usual items, such as approving the actions of the Management Board and the Supervisory Board as well as appointing the auditors, the agenda included the resolution on the appropriation of the balance sheet profit. Due to the positive liquidity situation of the ZEAL Group in 2019 and the expected increasing profitability, the Management Board and the Supervisory Board had proposed a total distribution of EUR 17.6 million (2018: EUR 8.4 million) to today's AGM. This corresponds to a dividend of EUR 0.80 per share for the fiscal year 2019 (2018: EUR 1.00). Depending on the economic development of the ZEAL Group, the Management Board and the Supervisory Board also intend to propose an annually increasing dividend to shareholders in the following years - with the aim of reaching EUR 1.00 per share in 2022.

In addition, Frank Strauß was elected as a member of the Supervisory Board after the Chairman of the Supervisory Board, Andreas de Maizière, resigned from his office at the end of today's Annual General Meeting. Andreas de Maizière had supported ZEAL in the course of the combination with Lotto24 and now retired from the Supervisory Board after the very successful development. Frank Strauß, born in 1970, is an independent management consultant and investor. He worked for Deutsche Bank Group for 30 years. After various positions in the private and corporate customer business in Germany, Europe and Asia, he assumed various Management Board functions in Deutsche Bank Group and Deutsche Bank AG, including six years as Chairman of the Management Board of Deutsche Postbank AG. The current Deputy Chairman of the Supervisory Board, Peter Steiner, will succeed Andreas de Maizière in office.

"We would like to thank Andreas de Maizière for his high commitment as well as the great support during the last year and wish him all the best both personally and professionally", says Dr Helmut Becker, CEO of ZEAL Network SE. "We also congratulate Frank Strauß on his election to the Supervisory Board. We are pleased to have won such an experienced manager as a Supervisory Board member for ZEAL."

About ZEAL Network SE: ZEAL Network SE, Germany's leading online provider of state-licensed lottery products, is a Hamburg based Group which mainly brokers customers' tickets to the state lottery companies through the brands Lotto24.de and Tipp24.com, for which it receives a commission. The offerings include among others »Lotto 6aus49«, »Spiel 77«, »Super 6«, »EuroJackpot«, »GlücksSpirale«, lotto clubs, »Keno« and the »Deutsche Fernsehlotterie«. Founded in Germany in 1999, it was initially set up as a lottery broker. In 2005, it was floated on the Frankfurt Stock Exchange (Prime Standard) and became one of the most successful initial public offerings (IPOs) in Germany at the time. In 2009, the Group changed its focus from lottery brokerage to the secondary lottery business. It moved its registered office to London and was renamed as ZEAL Network SE in November 2014. In May 2019, ZEAL completed the takeover of Lotto24 AG, returned its Tipp24 secondary lottery to the German brokerage business in October 2019 and relocated its registered office back to Germany in the same month.

Contact:
Frank Hoffmann
Investor Relations Manager
T: +49 (0)40 808 141-123
frank.hoffmann@zealnetwork.de