One off Criteria Relaxation | Solactive Social Media Total Return Index| Effective Date April 28, 2020

Today, on April 28, 2020, Solactive announces the following one off criteria relaxation to the methodology of the following index (the ‘Affected Index’):

Rationale for one off methodology change

Solactive Social Media Total Return Index (.SOCL) tracks the price movements in shares of companies which are active in the social media industry. The index component, New Work SE represents a pure social media/network company and is therefore an important constituent for reflecting the investment objective of the index.

New Work SE breached the Liquidity Criterion stated in the Index Guideline in Section 4 (e) which requires average monthly trading volume of at least 75,000 shares in each of the last six months (“Liquidity Criterion”). More specifically, during the period of Mid-January – Mid February the instrument had average trading volume of 52.000 shares which is below the required threshold of 75.000 shares. This was the only exception within the last 12 months and probably due to the low volatility in the market overall during this period. The average trading volume was back to 230.000 shares for the last month.

In light of the above facts, the Oversight Committee (referred as ‘Index Committee’ in the Index Guideline) decided to keep New Work SE as an Index member based on the Selection as of 16th of April 2020 close-of-business. This decision is based on the provision of Section 2.1. (On the Selection Days, Solactive AG provides the Selection Pool. The Committee may decide to include companies in the Selection Pool which do not fulfil the Liquidity Criterion.)

There will be no changes to the Index Methodology.