Derby Cycle AG : Squeeze out resolution entered into Commercial Register; Transfer of minority shareholders’ shares against payment of adequate cash compensation comes into effect

Ad-hoc-Announcement

Derby Cycle AG: Squeeze out resolution entered into Commercial Register; Transfer of minority shareholders' shares against payment of adequate cash compensation comes into effect

28.12.2012

Cloppenburg - Today, the resolution to transfer the minority shareholders' shares to the principal shareholder against the payment of adequate cash compensation which had been resolved by the shareholders' meeting on 23 November 2012 was entered into the Commercial Register at the Local Court in Oldenburg. Therewith, the squeeze out resolution has become effective and the minority shareholders' shares were transferred to the principal shareholder against payment of adequate cash compensation which had been set at EUR 31.56 per no-par value share by the principal shareholder Pon Holding Germany GmbH. From now on Pon Holding Germany GmbH is the sole shareholder of Derby Cycle AG.

Derby Cycle AG intends to apply for revocation of the admission of the shares of Derby Cycle AG to the regulated market (regulierter Markt) and the regulated market sub-segment with additional post-admission listing obligations (Prime Standard) of the Frankfurt Stock Exchange today. The Frankfurt Stock Exchange will decide on a suspension of trading until the admission is revoked. The delisting of the shares of the Derby Cycle AG is expected to be effected shortly.

Further information:
ISIN: DE000A1H6HN1
German Security Code Number (WKN): A1H6HN
Exchange: Regulated Market (Prime Standard), Frankfurt

Derby Cycle AG
Siemensstrasse 1-3
49661 Cloppenburg, Germany

< End of ad hoc announcement >

About Derby Cycle:

Derby Cycle is Germany's largest bicycle manufacturer in terms of revenues, and one of the leading manufacturers in Europe. In particular, global demand growth for high-quality electric and sports bicycles, as well as the company's advancing internationalisation in all European volume markets, are reflected in the company's dynamic growth. Derby Cycle's product range comprises electric bicycles, sports bicycles for leisure and competition purposes, as well as comfort bikes for everyday and travel use. These bicycles are sold through the established Kalkhoff, FOCUS, Raleigh, Univega and Rixe brands. All models are developed and assembled at the company's base in Cloppenburg, Germany. These high-quality products are distributed through specialist retailers who provide their customers with professional advice and extensive service.

With around 614 employees, Derby Cycle achieved revenue of EUR 235.5 million in the fiscal year 2010/2011, 66.9% of which was generated in Germany, and 33.1% abroad. Earnings before interest and tax (EBIT) amounted to approximately EUR 19.6 million. Derby Cycle sold a total of around 482,000 bicycles, of which 87,000 comprised e-bikes.