PAUL Tech AG Secures Strategic Investment from Searchlight Capital Partners

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PAUL Tech AG Secures Strategic Investment from Searchlight Capital Partners

Mannheim, April 21, 2026 – PAUL Tech AG ("PAUL" or the "Company") has received a strategic investment from Searchlight Capital Partners, L.P. ("Searchlight"), a leading global private investment firm, to finance the Company’s further growth.

Under the agreement, PAUL Tech AG has been provided with a EUR 40 million structured capital solution. Closing of the transaction took place on March 24, 2026. With Searchlight, PAUL has gained a strong financing partner to further accelerate the roll-out of its PAUL Net Zero product – an integrated technology platform combining AI-driven energy optimization with highly efficient heat pump systems.

Sascha Müller, CEO, PAUL Tech AG:
“Our goal is to secure contracts for green heat supply for more than 100,000 residential units by the end of 2027. In doing so, we will make a significant contribution to the decarbonization of the building sector.”

Patrick Weiden, CFO, PAUL Tech AG:
“It was important for us to find a financially strong partner with international experience who can support PAUL’s future growth. This will enable us to further scale our PAUL Net Zero product.”

Prateek Puri, Partner, Searchlight:
“PAUL’s technology is revolutionizing the industry, and we are excited to partner with management to realize the Company's growth potential."

Searchlight Capital Partners, L.P.
Searchlight is a global private investment firm with more than $17 billion in assets under management and offices in New York, London, Miami and Toronto. Searchlight seeks to invest in businesses where its long-term capital and strategic support accelerate value creation for all stakeholders. For more information, please visit www.searchlightcap.com.

PAUL Tech AG
PAUL Tech AG, based in Mannheim, is a decentralized heat provider for existing residential buildings. The company replaces fossil-based heating systems with a heat pump solution combined with its proprietary AI-based control technology (PAUL Net Zero) and is responsible for operation and heat supply. PAUL reduces emissions across the building stock and improves energy efficiency, enabling a near carbon-neutral heat supply. Contracts for the first 100,000 residential units are expected to be concluded by 2027.

Media Inquiries to PAUL Tech AG:
Klaus Schmidtke
Head of Corporate Affairs / Spokesman
Theodor-Heuss-Anlage 12
68165 Mannheim, Deutschland

+49 151 46680605
klaus.schmidtke@paul.tech

PAUL Tech AG – Pioneering Energy Transition
www.paul.tech

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This announcement does not constitute an offer to sell or a solicitation of an offer to purchase any securities of the Issuer or any of its subsidiaries in the United States of America, Germany, or any other jurisdiction. Neither this announcement nor any part thereof shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the Securities Act"), and may not be offered or sold in the United States except pursuant to an effective registration under the Securities Act or in reliance on an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

In the United Kingdom, this announcement is only directed at "qualified investors" within the meaning of the UK Prospectus Regulation who (i) are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or (ii) are persons falling within Article 49(2)(a) to (d) of the Order (high net worth companies, unincorporated associations, etc. (all such persons together being referred to as "Relevant Persons")). This document must not be acted on, or relied upon, by persons who are not Relevant Persons. Any investment or investment activity to which this document relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.

In member states of the European Economic Area ("EEA") the placement of, and invitation to submit any offer to purchase, sell or subscribe for, any securities described in this announcement is directed exclusively at persons who are "qualified investors" within the meaning of Regulation (EU) 2017/1129, as amended.

No action has been taken that would permit an offering or an acquisition of, or a solicitation of an offer to purchase, sell or subscribe for, the securities or a distribution of this announcement in any jurisdiction where such action would be unlawful. Persons into whose possession this announcement comes are required to inform themselves about and to observe any such restrictions.

This announcement does not constitute a recommendation or advice concerning the placement of, or invitation to submit any offer to purchase, sell or subscribe for, any securities. Investors should consult a professional advisor as to the suitability of the placement of, or invitation to submit any offer to purchase, sell or subscribe for, any securities for the person concerned.

This release may contain forward looking statements, estimates, opinions and projections with respect to anticipated future performance of the Company ("forward-looking statements"). These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "targets", "plans", "aims", "projects", "believes," "estimates," "anticipates," "expects," "intends," "may," "will" or "should" or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. Forward-looking statements are based on the current views, expectations and assumptions of the management of the Company and involve significant known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Forward-looking statements should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such results will be achieved. Any forward-looking statements included herein only speak as at the date of this release. We undertake no obligation, and do not expect to publicly update, or publicly revise, any of the information, forward-looking statements or the conclusions contained herein or to reflect new events or circumstances or to correct any inaccuracies which may become apparent subsequent to the date hereof, whether as a result of new information, future events or otherwise. We accept no liability whatsoever in respect of the achievement of such forward-looking statements and assumptions.