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

EQS Voting Rights Announcement: 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 05.12.2025 / 10:33 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 Holdings 1. Details of issuer Name: Bayer Aktiengesellschaft Street: Kaiser-Wilhelm-Allee 1 Postal code: 51373 City: Leverkusen Germany Legal Entity Identifier (LEI): 549300J4U55H3WP1XT59 2. Reason for notification   Acquisition/disposal of shares with voting rights X Acquisition/disposal of instruments   Change of breakdown of voting rights   Other reason: 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: 28 Nov 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 0.36 % 5.05 % 5.41 % 982424082 Previous notification 0.19 % 4.95 % 5.14 % / 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) US0727303028 0 371050 0 % 0.04 % DE000BAY0017 0 3177832 0 % 0.32 % Total 3548882 0.36 % 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 % Right To Recall Open 988009 0.10 % Right Of Use Open 1923353 0.20 % Swap 15.12.2026 249954 0.03 % Call Warrant 31.12.2030 443865 0.05 % Call Option 14.02.2029 14858693 1.51 % Forward 10.12.2025 630 0.00006 %     Total 18464504 1.88 % 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 % Swap 21.11.2035 Cash 8683626 0.88 % Call Option 10.04.2037 Cash 7369959 0.75 % Put Option 17.12.2027 Physical 8242838 0.84 % Call Warrant 31.12.2030 Cash 2100763 0.21 % Put Option 16.12.2033 Cash 2061431 0.21 % Future 16.12.2033 Cash 2141178 0.22 % Forward 20.03.2026 Cash 551518 0.06 % Put Warrant 20.03.2026 Physical 9029 0.0009 %       Total 31160342 3.17 % 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) The Goldman Sachs Group, Inc. % % % GSAM Holdings LLC % % % Goldman Sachs Asset Management Holdings LLC % % % Goldman Sachs Asset Management UK Holdings I Ltd % % % Goldman Sachs Asset Management UK Holdings II Ltd % % % Goldman Sachs Asset Management Holdings I B.V. / Goldman Sachs Asset Management Holdings II B.V. % % % Goldman Sachs Asset Management Holdings B.V. % % % Goldman Sachs Asset Management International Holdings B.V. % % % Goldman Sachs Asset Management B.V. % % % - % % % The Goldman Sachs Group, Inc. % % % GS Global Markets, Inc. % % % Goldman Sachs Finance Corp International Ltd % % % - % % % The Goldman Sachs Group, Inc. % % % Goldman Sachs (UK) L.L.C. % % % Goldman Sachs Group UK Limited % % % Goldman Sachs International Bank % % % - % % % The Goldman Sachs Group, Inc. % % % Goldman Sachs Bank USA % % % Goldman Sachs Bank Europe SE % % % - % % % The Goldman Sachs Group, Inc. % % % Goldman, Sachs & Co. Wertpapier GmbH % % % - % % % The Goldman Sachs Group, Inc. % % % GS Finance Corp. % % % - % % % The Goldman Sachs Group, Inc. % % % Goldman Sachs (UK) L.L.C. % % % Goldman Sachs Group UK Limited % % % Goldman Sachs International % % % - % % % The Goldman Sachs Group, Inc. % % % GSAM Holdings LLC % % % Goldman Sachs Asset Management, L.P. % % % - % % % The Goldman Sachs Group, Inc. % % % Folio Financial, Inc. % % % Folio Investments, Inc. % % % - % % % The Goldman Sachs Group, Inc. % % % Murray Street Corporation % % % Sphere Fundo De Investimento Multimercado - Investimento No Exterior Credito Privado % % % Sphere Fund % % % - % % % The Goldman Sachs Group, Inc. % % % Goldman Sachs & Co. LLC % % % - % % % The Goldman Sachs Group, Inc. % % % Goldman Sachs Do Brasil Banco Multiplo S/A % % % 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 04 Dec 2025 05.12.2025 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. View original content: EQS News

Language:	English
Company:	Bayer Aktiengesellschaft
	Kaiser-Wilhelm-Allee 1
	51373 Leverkusen
	Germany
Internet:	www.bayer.com

End of News	EQS News Service

2241072  05.12.2025 CET/CEST