<div><div></div><div>Bayer Aktiengesellschaft Bayer Aktiengesellschaft: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution 04.12.2025 / 11:51 CET/CEST Dissemination of a Voting Rights Announcement transmitted by EQS News - a service of EQS Group.The issuer is solely responsible for the content of this announcement.Notification of Major Holdings1. Details of issuer <div><table><tbody><tr><td>Name:</td><td>Bayer Aktiengesellschaft</td></tr><tr><td>Street:</td><td>Kaiser-Wilhelm-Allee 1</td></tr><tr><td>Postal code:</td><td>51373</td></tr><tr><td>City:</td><td>LeverkusenGermany</td></tr><tr><td>Legal Entity Identifier (LEI):</td><td>549300J4U55H3WP1XT59</td></tr></tbody></table></div>2. Reason for notification <div><table><tbody><tr><td> </td><td>Acquisition/disposal of shares with voting rights</td></tr><tr><td>X</td><td>Acquisition/disposal of instruments</td></tr><tr><td> </td><td>Change of breakdown of voting rights</td></tr><tr><td> </td><td>Other reason:</td></tr></tbody></table></div>3. Details of person subject to the notification obligation Legal entity: The Goldman Sachs Group, Inc.City of registered office, country: Wilmington, DE, United States of America (USA)4. Names of shareholder(s) holding directly 3% or more voting rights, if different from 3.5. Date on which threshold was crossed or reached: 27 Nov 20256. Total positions <div><table><tbody><tr><td> </td><td>% of voting rights attached to shares (total of 7.a.)</td><td>% of voting rights through instruments (total of 7.b.1 + 7.b.2)</td><td>Total of both in % (7.a. + 7.b.)</td><td>Total number of voting rights pursuant to Sec. 41 WpHG</td></tr><tr><td>New</td><td>0.19 %</td><td>4.95 %</td><td>5.14 %</td><td>982424082</td></tr><tr><td>Previous notification</td><td>0.33 %</td><td>4.43 %</td><td>4.75 %</td><td>/</td></tr></tbody></table></div>7. Details on total positions a. Voting rights attached to shares (Sec. 33, 34 WpHG) <div><table><tbody><tr><td>ISIN</td><td colspan="2">Absolute</td><td colspan="2">In %</td></tr><tr><td> </td><td>Direct (Sec. 33 WpHG)</td><td>Indirect (Sec. 34 WpHG)</td><td>Direct (Sec. 33 WpHG)</td><td>Indirect (Sec. 34 WpHG)</td></tr><tr><td></td><td>0</td><td>370494</td><td>0 %</td><td>0.04 %</td></tr><tr><td></td><td>0</td><td>1523876</td><td>0 %</td><td>0.16 %</td></tr><tr><td>Total</td><td colspan="2">1894370</td><td colspan="2">0.19 %</td></tr></tbody></table></div>b.1. Instruments according to Sec. 38 (1) no. 1 WpHG <div><table><tbody><tr><td>Type of instrument</td><td>Expiration or maturity date</td><td>Exercise or conversion period</td><td>Voting rights absolute</td><td>Voting rights in %</td></tr><tr><td>Right To Recall</td><td>Open</td><td></td><td>583373</td><td>0.06 %</td></tr><tr><td>Right Of Use</td><td>Open</td><td></td><td>1590368</td><td>0.16 %</td></tr><tr><td>Swap</td><td>15.12.2026</td><td></td><td>249954</td><td>0.03 %</td></tr><tr><td>Call Warrant</td><td>13.02.2029</td><td></td><td>411161</td><td>0.04 %</td></tr><tr><td>Call Option</td><td>14.02.2029</td><td></td><td>14658697</td><td>1.49 %</td></tr><tr><td>Forward</td><td>10.12.2025</td><td></td><td>630</td><td>0.00006 %</td></tr><tr><td> </td><td> </td><td>Total</td><td>17494183</td><td>1.78 %</td></tr></tbody></table></div>b.2. Instruments according to Sec. 38 (1) no. 2 WpHG <div><table><tbody><tr><td>Type of instrument</td><td>Expiration or maturity date</td><td>Exercise or conversion period</td><td>Cash or physical settlement</td><td>Voting rights absolute</td><td>Voting rights in %</td></tr><tr><td>Swap</td><td>21.11.2035</td><td></td><td>Cash</td><td>8846556</td><td>0.90 %</td></tr><tr><td>Call Option</td><td>10.04.2037</td><td></td><td>Cash</td><td>7318832</td><td>0.74 %</td></tr><tr><td>Put Option</td><td>17.12.2027</td><td></td><td>Physical</td><td>7967838</td><td>0.81 %</td></tr><tr><td>Call Warrant</td><td>31.12.2030</td><td></td><td>Cash</td><td>2137828</td><td>0.22 %</td></tr><tr><td>Put Option</td><td>16.12.2033</td><td></td><td>Cash</td><td>2165731</td><td>0.22 %</td></tr><tr><td>Future</td><td>16.12.2033</td><td></td><td>Cash</td><td>2126061</td><td>0.22 %</td></tr><tr><td>Forward</td><td>20.03.2026</td><td></td><td>Cash</td><td>550343</td><td>0.06 %</td></tr><tr><td> </td><td> </td><td> </td><td>Total</td><td>31113188</td><td>3.17 %</td></tr></tbody></table></div>8. Information in relation to the person subject to the notification obligation<div><table><tbody><tr><td> </td><td>Person subject to the notification obligation is not controlled nor does it control any other undertaking(s) that directly or indirectly hold(s) an interest in the (underlying) issuer (1.).</td></tr><tr><td>X</td><td>Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity:</td></tr></tbody></table></div><div><table><tbody><tr><td>Name</td><td>% of voting rights (if at least 3% or more)</td><td>% of voting rights through instruments (if at least 5% or more)</td><td>Total of both (if at least 5% or more)</td></tr><tr><td>The Goldman Sachs Group, Inc.</td><td> %</td><td> %</td><td> %</td></tr><tr><td>GSAM Holdings LLC</td><td> %</td><td> %</td><td> %</td></tr><tr><td>Goldman Sachs Asset Management Holdings LLC</td><td> %</td><td> %</td><td> %</td></tr><tr><td>Goldman Sachs Asset Management UK Holdings I Ltd</td><td> %</td><td> %</td><td> %</td></tr><tr><td>Goldman Sachs Asset Management UK Holdings II Ltd</td><td> %</td><td> %</td><td> %</td></tr><tr><td>Goldman Sachs Asset Management Holdings I B.V. / Goldman Sachs Asset Management Holdings II B.V.</td><td> %</td><td> %</td><td> %</td></tr><tr><td>Goldman Sachs Asset Management Holdings B.V.</td><td> %</td><td> %</td><td> %</td></tr><tr><td>Goldman Sachs Asset Management International Holdings B.V.</td><td> %</td><td> %</td><td> %</td></tr><tr><td>Goldman Sachs Asset Management B.V.</td><td> %</td><td> %</td><td> %</td></tr><tr><td>-</td><td> %</td><td> %</td><td> %</td></tr><tr><td>The Goldman Sachs Group, Inc.</td><td> %</td><td> %</td><td> %</td></tr><tr><td>Goldman Sachs (UK) L.L.C.</td><td> %</td><td> %</td><td> %</td></tr><tr><td>Goldman Sachs Group UK Limited</td><td> %</td><td> %</td><td> %</td></tr><tr><td>Goldman Sachs International Bank</td><td> %</td><td> %</td><td> %</td></tr><tr><td>-</td><td> %</td><td> %</td><td> %</td></tr><tr><td>The Goldman Sachs Group, Inc.</td><td> %</td><td> %</td><td> %</td></tr><tr><td>Goldman Sachs Bank USA</td><td> %</td><td> %</td><td> %</td></tr><tr><td>Goldman Sachs Bank Europe SE</td><td> %</td><td> %</td><td> %</td></tr><tr><td>-</td><td> %</td><td> %</td><td> %</td></tr><tr><td>The Goldman Sachs Group, Inc.</td><td> %</td><td> %</td><td> %</td></tr><tr><td>GS Global Markets, Inc.</td><td> %</td><td> %</td><td> %</td></tr><tr><td>Goldman Sachs Finance Corp International Ltd</td><td> %</td><td> %</td><td> %</td></tr><tr><td>-</td><td> %</td><td> %</td><td> %</td></tr><tr><td>The Goldman Sachs Group, Inc.</td><td> %</td><td> %</td><td> %</td></tr><tr><td>GS Finance Corp.</td><td> %</td><td> %</td><td> %</td></tr><tr><td>-</td><td> %</td><td> %</td><td> %</td></tr><tr><td>The Goldman Sachs Group, Inc.</td><td> %</td><td> %</td><td> %</td></tr><tr><td>Goldman Sachs (UK) L.L.C.</td><td> %</td><td> %</td><td> %</td></tr><tr><td>Goldman Sachs Group UK Limited</td><td> %</td><td> %</td><td> %</td></tr><tr><td>Goldman Sachs International</td><td> %</td><td> %</td><td> %</td></tr><tr><td>-</td><td> %</td><td> %</td><td> %</td></tr><tr><td>The Goldman Sachs Group, Inc.</td><td> %</td><td> %</td><td> %</td></tr><tr><td>GSAM Holdings LLC</td><td> %</td><td> %</td><td> %</td></tr><tr><td>Goldman Sachs Asset Management, L.P.</td><td> %</td><td> %</td><td> %</td></tr><tr><td>-</td><td> %</td><td> %</td><td> %</td></tr><tr><td>The Goldman Sachs Group, Inc.</td><td> %</td><td> %</td><td> %</td></tr><tr><td>Murray Street Corporation</td><td> %</td><td> %</td><td> %</td></tr><tr><td>Sphere Fundo De Investimento Multimercado - Investimento No Exterior Credito Privado</td><td> %</td><td> %</td><td> %</td></tr><tr><td>Sphere Fund</td><td> %</td><td> %</td><td> %</td></tr><tr><td>-</td><td> %</td><td> %</td><td> %</td></tr><tr><td>The Goldman Sachs Group, Inc.</td><td> %</td><td> %</td><td> %</td></tr><tr><td>Folio Financial, Inc.</td><td> %</td><td> %</td><td> %</td></tr><tr><td>Folio Investments, Inc.</td><td> %</td><td> %</td><td> %</td></tr><tr><td>-</td><td> %</td><td> %</td><td> %</td></tr><tr><td>The Goldman Sachs Group, Inc.</td><td> %</td><td> %</td><td> %</td></tr><tr><td>Goldman Sachs &amp; Co. LLC</td><td> %</td><td> %</td><td> %</td></tr><tr><td>-</td><td> %</td><td> %</td><td> %</td></tr><tr><td>The Goldman Sachs Group, Inc.</td><td> %</td><td> %</td><td> %</td></tr><tr><td>Goldman Sachs Do Brasil Banco Multiplo S/A</td><td> %</td><td> %</td><td> %</td></tr><tr><td>-</td><td> %</td><td> %</td><td> %</td></tr><tr><td>The Goldman Sachs Group, Inc.</td><td> %</td><td> %</td><td> %</td></tr><tr><td>Goldman, Sachs &amp; Co. Wertpapier GmbH</td><td> %</td><td> %</td><td> %</td></tr></tbody></table></div>9. In case of proxy voting according to Sec. 34 para. 3 WpHG (only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG) Date of general meeting: Holding total positions after general meeting (6.) after annual general meeting:<div><table><tbody><tr><td>Proportion of voting rights</td><td> %</td></tr><tr><td>Proportion of instruments</td><td> %</td></tr><tr><td>Total of both</td><td> %</td></tr></tbody></table></div>10. Other explanatory remarks: Date03 Dec 2025 04.12.2025 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. <div><table><tbody><tr><td>Language:</td><td>English</td></tr><tr><td>Company:</td><td>Bayer Aktiengesellschaft</td></tr><tr><td></td><td>Kaiser-Wilhelm-Allee 1</td></tr><tr><td></td><td>51373 Leverkusen</td></tr><tr><td></td><td>Germany</td></tr><tr><td>Internet:</td><td>www.bayer.com</td></tr></tbody></table></div><div><table><tbody><tr><td colspan="2"> </td></tr><tr><td>End of News</td><td>EQS News Service</td></tr></tbody></table></div>2240496 04.12.2025 CET/CEST <section>Disclaimer<div>Saving the news in databases or any forwarding of the news to third parties in a commercial context or for commercial purposes is only permitted with the prior written consent of EQS Group AG.</div></section></div></div>

BAYZF

Bayer Aktiengesellschaft has released a voting rights announcement in accordance with Article 40, Section 1 of the German Securities Trading Act, aimed at Europe-wide distribution. The notification involves the acquisition/disposal of shares and instruments by The Goldman Sachs Group, Inc., with changes in voting rights percentages. The announcement details the total positions of voting rights and instruments, including various financial instruments and their expiration dates. The notification is part of regulatory requirements for transparency in shareholding changes.

Bayer Aktiengesellschaft

Bayer Aktiengesellschaft: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution