1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	WTW Beteiligungsgesellschaft mbH
2	Reason for the notification
a)	Position/status	Person closely associated
b)	Initial notification
		Stella Ahlers
		Member of the managing body
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Ahlers AG
b)	LEI	529900W4D172NXB8WQ23
4	Details of the transaction(s)
a)	Description of the financial instrument, type of instrument	Share
	Identification code	DE0005009740
b)	Nature of the transaction	Purchase
c)	Price(s)	Volume(s)
	1.51 EUR	1,510.00 EUR
d)	Aggregated price	Aggregated volume
	1.51 EUR	1,510.00 EUR
e)	Date of the transaction	24.11.2020 UTC+1
f)	Place of the transaction	Frankfurt
	MIC	XFRA

(end)

Emitter:	Ahlers AG Elverdisser Straße 313 32052 Herford Germany
Contact Person:	Michael Zielke
Phone:	+49 5221 979-211
E-Mail:	michael.zielke@ahlers-ag.com
Website:	www.ahlers-ag.com
ISIN(s):	DE0005009740 (Share)
Stock Exchange(s):	Regulated Market in Dusseldorf, Frankfurt; Free Market in Berlin, Munich, Stuttgart, Tradegate

Ahlers AG: Managers' transactions announcement according to article 19 MAR