Share Buyback

Disclosure on a change to the current share buyback program pursuant to Art. 5 par. 1 lit. a) of Regulation (EU) No. 596/2014 and Art. 2 par. 1 of Delegated Regulation (EU) No. 2016/1052

Göppingen - 3 August 2022 – The share buyback program resolved by the management board of TeamViewer AG on 2 February 2022 and announced in the ad hoc announcement dated 2 February 2022 and by way of a notification pursuant to Art. 5 par. 1 lit. a) of Regulation (EU) No. 596/2014 and Art. 2 par. 1 of Delegated Regulation (EU) No. 2016/1052, according to which treasury shares of the company with a value of up to 300 million euros (excluding incidental acquisition costs), but not exceeding 20 million shares, shall be repurchased, shall be changed pursuant to a management board resolution dated 2 August 2022 to the effect that the maximum number of shares to be repurchased shall amount to 30 million shares. The repurchase shall be effected pursuant to the respective authorization granted by the ordinary general meeting of TeamViewer AG on 17 May 2022. The other terms of the share buyback program, in particular the maximum amount in euros and the duration until 31 December 2022, shall remain unchanged.

The buyback will be carried out under the guidance of a bank mandated by TeamViewer AG in accordance with Article 4 para. 2 lit. b) of Delegated Regulation (EU) No. 2016/1052 (hereinafter also "DRO"), which will make its decisions on the timing of the acquisition of the shares independently of the Company. The right of TeamViewer AG to terminate and reassign the bank mandate in accordance with the legal requirements to be observed remains unaffected. The share buyback may be stopped, interrupted and continued at any time in accordance with the legal requirements to be observed.

The purchase shall be executed as favorably as possible, in a manner that preserves interests and on the electronic trading platform of the Frankfurt Stock Exchange (Xetra) and in accordance with the provisions of the resolution of the Annual General Meeting dated 17 May 2022. Accordingly, the purchase price per repurchased share (excluding incidental acquisition costs) may not be more than 10% higher or lower than the price of a share in TeamViewer AG are determined by the opening auction in Xetra trading (or a comparable successor system) on the trading day.

In addition, the bank is obliged to comply with the applicable legal requirements and, in particular, with the trading conditions pursuant to Art. 3 of the DRO, as well as with all other relevant provisions. Pursuant to Art. 3 DRO, among other things, shares in TeamViewer AG may not be purchased at a price that is higher than the price of the last independent trade or higher than the price of the last highest independent bid on the trading venue on which the purchase takes place. The higher of the two values is decisive. In addition, no more than 25% of the average daily share turnover on the stock exchange on which the respective purchase is made may be acquired on any one day. The average share turnover is derived from the average daily trading volume on the 20 trading days prior to the specific purchase date.

The transactions will be disclosed in a manner that complies with the requirements of Art. 2 para. 3 DRO no later than at the end of the seventh trading day after their execution. In addition, TeamViewer AG will publish the transactions on its website at www.ir.teamviewer.com/sharebuyback and ensure that the information remains publicly accessible for at least five years from the day of announcement.