The Austrian Financial Market Authority (FMA) has imposed a fine of EUR 84,000 against Bank Gutmann Aktiengesellschaft. Proceedings were concluded under the accelerated conclusion of proceedings pursuant to Article 22 para. 2b of the Financial Market Authority Act (FMABG; Finanzmarktaufsichtsbehördengesetz). The reason for the fine is a breach of the Securities Supervision Act 2018 (WAG 2018; Wertpapieraufsichtsgesetz 2018). Specifically, Bank Gutmann Aktiengesellschaft breached information requirements in relation to periodic reports to clients within the scope of individual portfolio management. The penal order is final.