A few minutes ago, Wirecard AG filed for insolvency. This means that Wirecard AG is likely to be eliminated as an opponent for legal proceedings. However, injured investors have the option of filing class actions against Wirecard's annual auditor, Ernst & Young Wirtschaftsprüfungsgesellschaft (EY). The law firms Schirp & Partner and attorney Dr. Marc Liebscher from Berlin have already filed class action lawsuits against EY and are preparing further class action lawsuits against EY. This affects not only the aggrieved shareholders, but also all investors who subscribed to the Wirecard AG bond issued in 2019, and the holders of derivatives are affected. For investors who do not wish to bear the costs of a class action lawsuit, we can offer litigation financing through a renowned financier. Further information can be found on the websites https://schirp.com/de/wirecard/ and www.ey-klage.com.

Dr. Wolfgang Schirp, Berlin: "Unfortunately this development was foreseeable. It is frightening how long Wirecard AG was able to operate without being objected to by the auditors. We have been monitoring Wirecard AG since 2008 and have collected very extensive material. It was always clear that something was wrong."

Dr. Marc Liebscher: "We have succeeded in winning a renowned litigation financier for the class action suits. We assume that we will be able to file the next class actions very soon.

For further information please contact

Dr. Wolfgang Schirp, Schirp & Partner Rechtsanwälte mbB, Leipziger Platz 9, D - 10117 Berlin, Tel. 0049-30-3276170 und 0049-179-5320213, mail: wirecard@schirp.com, URL: www.schirp.com

Dr. Marc Liebscher, Dr. Späth & Partner Rechtsanwälte mbB, Kurfürstendamm 102, D - 10711 Berlin, Tel.: 0049-30-88701617 und 0049-176-93150194, mail: marc.liebscher@gmx.net, URL: www.ey-Klage.de