Gigaset AG

Legal Proceedings Report • Dec 17, 2013

News Details

Ad-hoc | 17 December 2013 10:26

Gigaset AG: Gigaset: 70% success in Evonik lawsuit / Result within accruals

Gigaset AG / Key word(s): Legal Matter

17.12.2013 10:26

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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Munich, December 16, 2013. Gigaset AG ('Gigaset') has today achieved a 70%
success in its lawsuit with Evonik Degussa GmbH ('Evonik').

Evonik had, in May 2012, filed an arbitration case against Gigaset and
demanded a penalty payment in the amount of EUR 12mn.

In its arbitration award, which was delivered to Gigaset today, the
arbitration panel reduced Evonik's claim to EUR 3.5mn and dismissed the
rest, bringing Evonik's success rate down to only 30%.

Gigaset had accrued 3.6mnEUR in this matter. As such, the award will not
impact the annual results.

Gigaset will however examine the arbitration award in detail to determine
whether the decision requires review by means of a annulment request
('Aufhebungsantrag') in front of a public court.

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Language: English
Company: Gigaset AG
Hofmannstraße 61
81379 München
Germany
Phone: +89444456937
Fax: +89444456930
E-mail: kerstin.diebenbusch@gigaset.com
Internet: www.gigaset.com
ISIN: DE0005156004
WKN: 515600
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of Announcement DGAP News-Service

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