Vonovia SE / DE000A1ML7J1

Notification of Major Holdings

1. Details of issuer

Name:	Vonovia SE
Street:	Universitätsstraße 133
Postal code:	44803
City:	Bochum Germany
Legal Entity Identifier (LEI):	5299005A2ZEP6AP7KM81

2. Reason for notification

X	Acquisition/disposal of shares with voting rights
	Acquisition/disposal of instruments
	Change of breakdown of voting rights
	Other reason:

3. Details of person subject to the notification obligation

Legal entity: UBS Group AG City of registered office, country: Zurich, Switzerland

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:

14 May 2025

6. Total positions

	% of voting rights attached to shares (total of 7.a.)	% of voting rights through instruments (total of 7.b.1 + 7.b.2)	Total of both in % (7.a. + 7.b.)	Total number of voting rights pursuant to Sec. 41 WpHG
New	2.91 %	1.14 %	4.06 %	822852925
Previous notification	3.01 %	0.97 %	3.98 %	/

7. Details on total positions
a. Voting rights attached to shares (Sec. 33, 34 WpHG)

ISIN	Absolute		In %
	Direct (Sec. 33 WpHG)	Indirect (Sec. 34 WpHG)	Direct (Sec. 33 WpHG)	Indirect (Sec. 34 WpHG)
DE000A1ML7J1	0	23978888	0 %	2.91 %
Total	23978888		2.91 %

b.1. Instruments according to Sec. 38 (1) no. 1 WpHG

Type of instrument	Expiration or maturity date	Exercise or conversion period	Voting rights absolute	Voting rights in %
Long Call Options	16/05/2025 - 17/12/2027		1564662	0.19 %
Right of Use over ADR		At any time	702	0 %
Right of Use over Shares	20/03/2026	At any time	210835	0.03 %
Right to Recall of Lent Shares		At any time	2901100	0.35 %
		Total	4677299	0.57 %

b.2. Instruments according to Sec. 38 (1) no. 2 WpHG

Type of instrument	Expiration or maturity date	Exercise or conversion period	Cash or physical settlement	Voting rights absolute	Voting rights in %
Converts (DE000A4DFHK7)	20/05/2030	29/06/2025- 20/11/2029	Physical	375509	0.05 %
Converts (DE000A4DFHL5)	20/05/2032	29/06/2025- 20/11/2031	Physical	122487	0.01 %
Short Put Options	21/07/2025 - 22/06/2028		Physical	1870000	0.23 %
Equity Swaps	13/06/2025 - 04/08/2031		Cash	18451	0 %
Equity Swaps	21/07/2025 - 22/06/2028		Physical	611000	0.07 %
Reverse Convertible (CH1428198597)	20/03/2026		Physical	62164	0.01 %
Swaps On Baskets	14/01/2026 - 30/12/2026		Cash	335260	0.04 %
Right of Use over Converts		At any time	Physical	22835	0 %
Right of Use over Reverse Convertible		At any time	Cash	1055766	0.13 %
Right of Use over Reverse Convertible		At any time	Physical	913	0 %
Short Put Options	17/4/2026		Cash	266655	0.03 %
			Total	4741040	0.58 %

8. Information in relation to the person subject to the notification obligation

	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.).
X	Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity:

Name	% of voting rights (if at least 3% or more)	% of voting rights through instruments (if at least 5% or more)	Total of both (if at least 5% or more)
UBS Group AG	%	%	%
UBS AG	%	%	%
UBS Asset Management AG	%	%	%
UBS Asset Management (Australia) Ltd	%	%	%
-	%	%	%
UBS Group AG	%	%	%
UBS AG	%	%	%
UBS Asset Management AG	%	%	%
UBS Asset Management (Europe) S.A.	%	%	%
-	%	%	%
UBS Group AG	%	%	%
UBS AG	%	%	%
UBS Asset Management AG	%	%	%
UBS Asset Management (Singapore) Ltd	%	%	%
-	%	%	%
UBS Group AG	%	%	%
UBS AG	%	%	%
UBS Asset Management AG	%	%	%
UBS Asset Management Holding (No. 2) Ltd	%	%	%
UBS Asset Management Holding Ltd	%	%	%
UBS Asset Management (UK) Limited	%	%	%
-	%	%	%
UBS Group AG	%	%	%
UBS AG	%	%	%
UBS Asset Management AG	%	%	%
UBS Asset Management Holding (No. 2) Ltd	%	%	%
UBS Asset Management Holding Ltd	%	%	%
UBS Asset Management Life Limited	%	%	%
-	%	%	%
UBS Group AG	%	%	%
UBS AG	%	%	%
UBS Bank (Canada)	%	%	%
-	%	%	%
UBS Group AG	%	%	%
UBS AG	%	%	%
UBS Americas Holding LLC	%	%	%
UBS Americas Inc.	%	%	%
UBS Financial Services Inc.	%	%	%
-	%	%	%
UBS Group AG	%	%	%
UBS AG	%	%	%
UBS Fund Management (Ireland) Ltd.	%	%	%
-	%	%	%
UBS Group AG	%	%	%
UBS AG	%	%	%
UBS Asset Management AG	%	%	%
UBS Asset Management Switzerland AG	%	%	%
UBS Fund Management (Switzerland) AG	%	%	%
-	%	%	%
UBS Group AG	%	%	%
UBS AG	%	%	%
UBS Americas Holding LLC	%	%	%
UBS Americas Inc.	%	%	%
UBS Securities LLC	%	%	%
-	%	%	%
UBS Group AG	%	%	%
UBS AG	%	%	%
UBS Switzerland AG	%	%	%

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:

Proportion of voting rights	Proportion of instruments	Total of both
%	%	%

10. Other explanatory remarks:

Date

20 May 2025