1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Dr. Thomas Elsner
2	Reason for the notification
a)	Position/status	Member of the administrative or supervisory body
b)	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Bayer Aktiengesellschaft
b)	LEI	549300J4U55H3WP1XT59
4	Details of the transaction(s)
a)	Description of the financial instrument, type of instrument	Share
	Identification code	DE000BAY0017
b)	Nature of the transaction	Another
		Purchase of Bayer shares to the value of EUR 5000.00 at a discount of 20 % on the subscription amount. The shares will be purchased at the volume-weighted average price for Bayer shares in Xetra trading on the Frankfurt Stock Exchange on November 10, 2021. Fractions of shares will be calculated to four decimal places.
		Transaction linked to the exercise of share option programmes
c)	Price(s)	Volume(s)
	Not Quantifiable	Not Quantifiable
d)	Aggregated price	Aggregated volume
	Not Quantifiable	Not Quantifiable
e)	Date of the transaction	24.08.2021 UTC+2
f)	Place of the transaction	XETRA
	MIC	XETR

(end)

Emitter:	Bayer Aktiengesellschaft Kaiser-Wilhelm-Allee 1 51373 Leverkusen Germany
Contact Person:	Investor Relations
Phone:	+49 214 30-65742
E-Mail:	ir@bayer.com
Website:	www.bayer.com
ISIN(s):	DE000BAY0017 (Share)
Stock Exchange(s):	Regulated Market in Berlin, Regulated Market in Dusseldorf, Regulated Market in Frankfurt, Regulated Market in Hamburg, Regulated Market in Hannover, Regulated Market in Munich, Regulated Market in Stuttgart, Open Market in Tradegate

Bayer Aktiengesellschaft: Managers' transactions announcement according to article 19 MAR