Ekotechnika GmbH strengthens its equity capital and adopts legal status of a joint stock company

• Cash capital increase and change of legal status registered in the Commercial Register
• Share acquisition period expected to commence in late November
• Stock market listing planned for December

Walldorf, 13 November 2015 – Ekotechnika announces the execution of a capital increase by EUR 1,520,000 to EUR 3,140,000 and the change of the company’s legal status. These are the next financial restructuring measures following the capital reduction and the subsequent non-cash capital increase to implement the debt-to-equity swap.

The capital increase against cash contributions was executed in accordance with the resolution adopted by the shareholders’ meeting on 23 October 2015. The issue price amounted to EUR 2.00 per share (EUR 1.00 par value). The gross proceeds from the issue of the 1,520,000 shares thus totalled EUR 3,040,000. Following the entry of the change of the legal status in the Commercial Register, Ekotechnika will henceforth operate as a joint stock company under the name of Ekotechnika AG.

The share capital of Ekotechnika AG amounts to EUR 3,140,000. It is divided into 1,539,000 Series A Shares and 1,601,000 Series B Shares. The 1,539,000 new Series A Shares will be offered for purchase to the holders of the Ekotechnika bond 2013/2018 in the coming weeks (“purchase offer”). Now that the entries in the Commercial Register have been made, all preconditions for the execution of the purchase offer are fulfilled. The acquisition period for the Series A Shares is scheduled to commence in late November. Details will be announced shortly. Bondholders will additionally be informed about the procedures for exercising their acquisition rights before or at the start of the acquisition period. The Series A Shares are scheduled to be admitted to trading in the “Freiverkehr“ (Primärmarkt) of the Düsseldorf Stock Exchange in December.