Bondholders of Ekotechnika GmbH vote to have the company restructured

• All agenda items approved by large majority of the bondholders
• Important step to implement the financial restructuring and allow the company to continue as a going concern
• One Square Advisory Services GmbH appointed joint representative of the bondholders

Walldorf, 7 May 2015 – The meeting of the bondholders of the Ekotechnika bond 2013/18 (ISIN: DE000A1R1A18) on 6 May 2015 approved all voting items with a large majority. The bondholders thus supported the restructuring of Ekotechnika GmbH. The restructuring concept proposed by the management on the basis of the counter-motion filed by bondholder Markus Pfitzke on 4 May 2015 was accepted by 86.16% of the bond capital participating in the vote.

As proposed by Ekotechnika GmbH, One Square Advisory Services GmbH was appointed joint representative of all bondholders with a majority of 94.12% and additionally authorised to declare the deferral of interest claims and the temporary exclusion of cancellation rights and to approve the amendment of the terms and conditions of the bond.

Bondholders representing notes in the amount of EUR 24.27 million participated in the vote. This is equivalent to 40.45% of all outstanding notes in the total nominal amount of EUR 60.0 million.

“We are pleased that the majority of the bondholders approved our proposals and thus expressed their confidence in our ability to get the company back on the road to success. Today’s resolutions represent an important step for the company to continue as a going concern in a market environment that remains challenging,” said Stefan Dürr, Managing Director of Ekotechnika GmbH.

The resolutions will be published on the company’s website at https://www.ekotechnika.de/de/anleihe/zweite-glaeubigerversammlung.html shortly and in the Federal Gazette presumably on 11 May 2015.