Wirecard and SoftBank Intend to Form Large-scale Strategic Partnership for Digital Payment Solutions

PR78451

ASCHHEIM, Germany, April 24, 2019/PRNewswire=KYODO JBN/

- Proposal for a SoftBank company to invest approximately EUR 900m[1] in

Wirecard via convertible bonds

- Companies to partner to unlock collaboration opportunities in digital

payments, data-analytics/AI and innovative digital financial services within

SoftBank's ecosystem of portfolio companies

- SoftBank to support Wirecard's launch into the Japanese and South Korean markets

Today Wirecard AG (Wirecard) and SoftBank Group Corp., Japan, have signed a

binding term sheet under which an affiliate of SoftBank (SoftBank) shall invest

approximately EUR 900 million in Wirecard via a convertible bond mechanism.

For this purpose, Wirecard shall issue convertible bonds with a term of five

years exclusively to SoftBank, convertible to 6,923,076 ordinary Wirecard

shares (currently corresponding to approximately 5.6% of common stock) at EUR

130 per Wirecard share. The intended issuance of convertible bonds, under

exclusion of subscription rights, is subject to the approval of Wirecard's

Annual Shareholders meeting to be held on 18 June 2019.

In connection with the investment, the parties have also signed a memorandum of

understanding (MoU) on a strategic partnership for digital payment solutions.

Under the MoU, SoftBank Group will seek to support Wirecard's geographic

expansion into Japan and South Korea, as well as providing collaboration

opportunities within SoftBank Group's global portfolio in digital payments,

data-analytics/AI and other innovative digital financial services.

It is anticipated that the partnership will also extend to joint exploration of

new product and service offers in digital lending in order to leverage from

high quality customer portfolios, strong liquidity and other innovative

financing solutions.

Markus Braun, CEO at Wirecard, commented, "As global innovators, we focus heavily on

expanding our networks and creating opportunities for companies with groundbreaking ideas.

In SoftBank we have found a partner that shares both our passion for new technologies

and drive to spearhead the latest innovations, all on a global scale. In addition,

through this potential partnership, we will expand our reach and products to the East Asian

markets, thereby further strengthening our position in Asia."

Credit Suisse is serving as financial adviser to SoftBank and Sullivan & Cromwell LLP

as legal adviser. Noerr LLP and Gibson, Dunn & Crutcher LLP are serving as legal advisers

to Wirecard.

About Wirecard:

Wirecard (GER: WDI) is one of the world's fastest growing digital platforms in

the area of financial commerce. We provide both business customers and

consumers with a constantly expanding ecosystem of real-time value-added

services built around innovative digital payments by using an integrated B2B2C

approach. This ecosystem concentrates on the areas payment & risk, retail & transaction banking,

loyalty & couponing, data analytics & conversion rate enhancement in all sales channels

(online, mobile, ePOS). Wirecard operates regulated financial institutions in several key markets

and holds issuing and acquiring licenses from all major payment and card networks.

Wirecard AG is listed on the Frankfurt Stock Exchange (DAX and TecDAX, ISIN DE0007472060).

Visit us on www.wirecard.com, follow us on Twitter @wirecard and on Facebook @wirecardgroup.

[1] Intended issuance is subject to the approval of Wirecard's Annual

Shareholder meeting

Wirecard contacts:

Investor Relations

Iris Stoeckl

Tel.: +49(0)89-4424-1424

Email: iris.stoeckl@wirecard.com

Media Relations

Jana Tilz

Tel.: +49(0)89-4424-1363

Email: jana.tilz@wirecard.com

Source: Wirecard AG