DGAP-PVR: Mercedes-Benz Group AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

DGAP Voting Rights Announcement: Mercedes-Benz Group AG
Mercedes-Benz Group AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

17.06.2022 / 22:50
Dissemination of a Voting Rights Announcement transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Notification of Major Holdings

1. Details of issuer

Name:	Mercedes-Benz Group AG
Street:	Mercedesstrasse 120
Postal code:	70372
City:	Stuttgart Germany
Legal Entity Identifier (LEI):	529900R27DL06UVNT076

2. Reason for notification

	Acquisition/disposal of shares with voting rights
X	Acquisition/disposal of instruments
	Change of breakdown of voting rights
X	Other reason: voluntary group notification with triggered threshold on subsidiary level

3. Details of person subject to the notification obligation

Legal entity: Morgan Stanley
City of registered office, country: Wilmington, Delaware, 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:

10 Jun 2022

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	0.29 %	7.47 %	7.76 %	1069837447
Previous notification	0.31 %	7.39 %	7.71 %	/

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)
DE0007100000	0	3058968	0.00 %	0.29 %
Total	3058968		0.29 %

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 %
Equity Call Option	From 17.06.2022 to 20.12.2024	at any time	9007600	0.84 %
Right of recall over securities lending agreements	at any time	at any time	644062	0.06 %
Equity Call Option	15.12.2023	at any time	200000	0.02 %
		Total	9851662	0.92 %

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 %
Retail Structured Product	From 10.12.2071 to 02.03.2072	at any time	Cash	881	0 %
Equity Call Option	17.06.2022	at any time	Cash	88478	0.01 %
Equity Swap	From 10.11.2022 to 03.06.2025	at any time	Cash	4687265	0.44 %
Retail Structured Product - Note	From 04.05.2023 to 11.05.2026	at any time	Cash	9039	0 %
Compound Option	From 20.09.2022 to 02.06.2025	at any time	Cash	72009	0.01 %
Equity Put Option	From 17.06.2022 to 19.12.2025	at any time	Physical	8599800	0.80 %
Equity Call Option	From 24.10.2022 to 02.05.2023	at any time	Cash	3535489	0.33 %
Equity Put Option	From 24.10.2022 to 02.05.2023	at any time	Cash	1448567	0.14 %
Equity Call Option	From 16.08.2023 to 21.02.2024	at any time	Physical	10939896	1.02 %
Equity Call Option	From 16.08.2023 to 21.02.2024	at any time	Physical	16519920	1.54 %
Equity Call Option	From 20.08.2024 to 27.02.2025	at any time	Physical	24177846	2.26 %
Equity Put Option*	From 16.08.2023 to 21.02.2024	at any time	Physical	10939896	1.02 %
Equity Put Option*	From 16.08.2023 to 21.02.2024	at any time	Physical	16519920	1.54 %
Equity Put Option*	From 20.08.2024 to 27.02.2025	at any time	Physical	24177846	2.26 %
Equity Put Option*	15.12.2023	at any time	Physical	200000	0.02 %
			Total	70079190	6.55 %

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)
Morgan Stanley	%	%	%
Morgan Stanley Capital Management, LLC	%	%	%
Morgan Stanley Domestic Holdings, Inc.	%	%	%
Morgan Stanley & Co. LLC	%	%	%
-	%	%	%
Morgan Stanley	%	%	%
Morgan Stanley International Holdings Inc.	%	%	%
Morgan Stanley International Limited	%	%	%
Morgan Stanley Investments (UK)	%	%	%
Morgan Stanley & Co. International plc	%	5.02 %	5.23 %
-	%	%	%
Morgan Stanley	%	%	%
Morgan Stanley Capital Management, LLC	%	%	%
Morgan Stanley Domestic Holdings, Inc.	%	%	%
Morgan Stanley & Co. LLC	%	%	%
Prime Dealer Services Corp.	%	%	%
-	%	%	%
Morgan Stanley	%	%	%
Morgan Stanley Capital Management, LLC	%	%	%
Morgan Stanley Domestic Holdings, Inc.	%	%	%
Morgan Stanley Bank, N.A.	%	%	%
-	%	%	%
Morgan Stanley	%	%	%
Morgan Stanley International Holdings Inc.	%	%	%
Morgan Stanley B.V.	%	%	%
-	%	%	%
Morgan Stanley	%	%	%
Morgan Stanley International Holdings Inc.	%	%	%
Morgan Stanley International Finance S. A.	%	%	%
-	%	%	%
Morgan Stanley	%	%	%
Morgan Stanley Capital Management, LLC	%	%	%
Morgan Stanley Domestic Holdings, Inc.	%	%	%
Morgan Stanley Smith Barney LLC	%	%	%
-	%	%	%
Morgan Stanley	%	%	%
Morgan Stanley Capital Management, LLC	%	%	%
Morgan Stanley Domestic Holdings, Inc.	%	%	%
ETCM Holdings, LLC	%	%	%
E*TRADE Securities LLC	%	%	%
-	%	%	%
Morgan Stanley	%	%	%
Morgan Stanley International Holdings Inc.	%	%	%
Morgan Stanley Asia Holdings Limited	%	%	%
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.	%	%	%

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:

Regarding section 7.b.2, the Equity Put Options marked with * were not aggregated as they relate to collar transactions (Call & Put) under which, on a consolidated basis, Morgan Stanley can acquire 4.85% of the voting rights in Mercedes-Benz Group AG (or receive an equivalent amount in cash) only once.

Date

16 Jun 2022

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17.06.2022 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language:	English
Company:	Mercedes-Benz Group AG
	Mercedesstrasse 120
	70372 Stuttgart
	Germany
Internet:	https://group.mercedes-benz.com

End of News	DGAP News Service

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1378627 17.06.2022