*Disclaimer

Please note that the reports and estimates accessed through the above links are solely those of the respective analyst firms and are not subject to any influence or control by PNE AG. Estimates, forecasts and recommendations of the analysts and the consensus derived therefrom (consensus estimate) do not represent estimates, forecasts or recommendations of PNE AG or the Board of Management of PNE AG, but those of the analysts. The consensus may contain certain forward-looking statements. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual results, financial situation, development or performance of the Company and the estimates given here. The provision of the figures by PNE AG does not mean that the Company endorses or agrees with such information, conclusions or recommendations. Neither PNE AG nor its Board of Management have reviewed the analysts' estimates and therefore do not grant any express or implied liability for the accuracy of these analysts' estimates and do not undertake to update or revise the analysts' estimates. The analyst estimates are provided for information purposes only and do not constitute investment advice or a solicitation to buy, hold or sell securities or other financial instruments of PNE AG.