Morningstar to Bring German Businesses Together in New Frankfurt Office in 2028

New office at FOUR Frankfurt T1 will bring Morningstar's teams across its capabilities together in one location designed for future growth

Frankfurt, Germany, 30 July 2026 - Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investing insights, today announced plans to move its Frankfurt office to FOUR Frankfurt T1 in 2028.

The move reflects Morningstar's continued investment in Germany and helps reinforce Frankfurt's role as a key hub for its operations in Germany and across Europe, bringing Morningstar's Germany-based employees together in one location for the first time. Teams across data, research and analytics from Morningstar Direct Platform; credit ratings from Morningstar DBRS; ESG data and ratings from Morningstar Sustainalytics; and indexes and benchmarks from Morningstar Indexes will be co-located across thoughtfully designed spaces tailored to their unique business requirements while supporting continued growth.

Christian Mesenholl, managing director of central EMEA for Morningstar, said: "Our teams in Germany already work closely together for many of the same clients and markets. Bringing everyone together in one office can create more opportunities for innovation, and client engagement while supporting Morningstar's next stage of growth in Germany."

Spanning floors 8 and 9 of FOUR Frankfurt T1, the new Morningstar Frankfurt office will provide modern, flexible workspaces designed around how people work today. The office will include dedicated collaboration spaces, quiet areas for focused work, and meeting and conference facilities for internal teamwork and client engagement. The larger footprint will also provide room for Morningstar's businesses in Germany to grow together in a single location. For clients, the office will provide a single Frankfurt location for meetings and engagement across Morningstar's full range of capabilities.

Located in the heart of Frankfurt, FOUR Frankfurt T1 is part of the wider FOUR Frankfurt development, a mixed-use urban district that combines offices, residences, hotels, restaurants, retail, and public gathering spaces. The location is within walking distance of Hauptwache, Willy-Brandt-Platz, and Frankfurt's main shopping district, with direct access to public transportation.

FOUR Frankfurt is pursuing DGNB Platinum certification, the highest certification awarded by the German Sustainable Building Council, for both the district and its individual towers. The development was also the first project in Germany to receive a DGNB Deconstruction Certificate, recognizing the reuse and recycling of materials from previous buildings on the site. The wider development incorporates geothermal energy, cycling infrastructure, and biodiversity-focused landscaping.

Fast Facts

Morningstar was represented by Lukas Buerger of CBRE.

About Morningstar Deutschland GmbH and Morningstar, Inc.

Morningstar Deutschland GmbH is a subsidiary of Morningstar, Inc. ("the company"), a leading provider of independent investment insights in North America, Europe, Australia, Asia, and Africa. The Company offers an extensive line of products and solutions that serve a wide range of market participants, including individual and institutional investors in public and private capital markets, financial advisors and wealth managers, asset managers, retirement plan providers and sponsors, and issuers of fixed-income securities. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately US$370 billion in assets under management and advisement as of March 31, 2026. The Company operates through wholly owned subsidiaries in 32 countries. For more information, visit Morningstar's company website. Follow Morningstar on LinkedIn @Morningstar.

About Morningstar DBRS

Morningstar DBRS is a leading provider of independent rating services and opinions for corporate and sovereign entities, financial institutions, and project and structured finance instruments globally. Rating more than 4,500 issuers and 68,000 securities, we are one of the top four credit rating agencies in the world and a market leader in Canada, the U.S., and Europe in multiple asset classes.

For 50 years, Morningstar DBRS has been committed to bringing greater transparency and a much-needed diversity of opinion in the credit rating industry. Our nimble approach combined with Morningstar's global scale and resources enable us to respond to customers' needs in their local markets while also empowering investor success worldwide. Market innovators choose Morningstar DBRS because of our agility, tech-forward approach, and exceptional customer service. To learn more, visit dbrs.morningstar.com.

About Morningstar Indexes

Morningstar Indexes was built to keep up with the evolving needs of investors-and to be a leading edge advocate for them. Our rich heritage as a transparent, investor-focused leader in data and research uniquely equips us to support individuals, institutions, wealth managers and advisors in navigating investment opportunities across major asset classes, styles and strategies. From traditional benchmarks and unique IP-driven indexes, to index design, calculation and distribution services, our solutions span an investment landscape as diverse as investors themselves. Please visit indexes.morningstar.com for more information.

About Morningstar Sustainalytics

Morningstar Sustainalytics is a leading ESG research, ratings and data firm that supports investors around the world with the development and implementation of responsible investment strategies. For nearly 30 years, the firm has been at the forefront of developing high-quality, innovative solutions to meet the evolving needs of global investors. Today, Morningstar Sustainalytics works with hundreds of the world's leading asset managers and pension funds who incorporate ESG and corporate governance information and assessments into their investment processes. The firm also works with hundreds of companies and their financial intermediaries to help them consider sustainability in policies, practices, and capital projects. For more information, visit https://www.sustainalytics.com.

Morningstar Sustainalytics produces various ratings, assessments and metrics which include assumptions of future events, which may or may not occur or may differ significantly from what was assumed. These ratings, assessments and metrics are statements of opinions, subject to change, are not to be considered as guarantees, and should not be used as the sole basis for investment decisions. Morningstar Sustainalytics does not provide investment advice or any other form of (financial) advice and nothing within this press release constitutes such advice.

Caution Concerning Forward-Looking Statements

This press release contains forward-looking statements as that term is used in the Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations about future events or future financial performance. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, and often contain words such as "will," "future," "goal," "expect," "intend," "plan," "seek," "anticipate," "believe," "prospects," "continue," "strategy," "strive," "would," or the negative thereof, and similar expressions. These statements involve known and unknown risks and uncertainties that may cause the events we discuss not to occur or to differ significantly from what we expect. For us, these risks and uncertainties include, among others, risks relating to future plans, innovation, growth, capabilities, product enhancements, strategies and vision.

A more complete description of these risks and uncertainties, among others, can be found in our filings with the SEC, including our most recent Reports on Forms 10-K and 10-Q. If any of these risks and uncertainties materialize, our actual future results and other future events may vary significantly from what we expect. We do not undertake to update our forward-looking statements as a result of new information, future events or otherwise, except as may be required by law. You are, however, advised to review any further disclosures we make on related subjects, and about new or additional risks, uncertainties and assumptions in our future filings with the SEC on Forms 10-K, 10-Q and 8-K.

Contact: Angelina Haynes, [email protected]

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