Gigaset AG

Legal Proceedings Report • Jan 7, 2013

News Details

Ad-hoc | 7 January 2013 18:19

Administrator of a former affiliate of ARQUES Industries AG sues Gigaset AG

Gigaset AG / Key word(s): Legal Matter

07.01.2013 18:19

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Administrator of a former affiliate of ARQUES Industries AG
sues Gigaset AG

Munich, January 7, 2013 - Gigaset AG learned today that the administrator
appointed for Sommer Road Cargo Solutions GmbH & Co. KG ('Sommer') has
filed a lawsuit against Gigaset AG and its former Executive Board member
Dr. Martin Vorderwülbecke, claiming payment of 3 million euros from the
defendants as joint and several debtors.

Sommer Road Cargo Solutions GmbH & Co. KG was an affiliate of ARQUES
Industries AG from October 2005 to March 2009. Insolvency proceedings were
instigated against Sommer on December 31, 2009. After changing its business
model in 2010, ARQUES Industries AG today operates under the name Gigaset
AG.

The plaintiff claims that in 2007 ARQUES Industries AG, at the time the
parent company of the Sommer Group, unlawfully demanded repayment of a loan
from Sommer and as such violated, inter alia, the equity maintenance rules
applicable at that point in time. Sommer had consequently incurred damage,
for which the Gigaset together with Dr. Vorderwülbecke, its Managing
Director and member of the Executive Board at the time, beared joint and
several liability.

Following a preliminary examination of the statement of claim, the
Executive Board of Gigaset AG believes that the facts and circumstances
therein have not been presented fully and accurately and that the legal
action is therefore unfounded. Moreover, the claims are believed to be
time-barred, since they essentially date back to 2007. Gigaset AG will
therefore contest the lawsuit.

Contrary to all other standard practice, the lawsuit was not preceded by
any out-of-court correspondence or dispute.

Gigaset AG, Munich, is an internationally operating company in the area of
communications technology. The company is Europe's market leader in DECT
telephones. The premium supplier ranks second worldwide with around 1,700
employees and a market presence in more than 70 countries.

Gigaset AG is listed on the Prime Standard of Deutsche Börse and so is
subject to the very highest requirements for transparency. Its shares are
traded on the Frankfurt Stock Exchange under the symbol 'GGS' (ISIN:
DE0005156004).

Contact:
Gigaset AG
Kerstin Diebenbusch
Investor Relations
Phone: +49 (0)89 444456-937
E-mail: info@gigaset.com

Stefan Zuber
Corporate Communications
Phone: +49 (0)89 444456-600
E-mail: info.presse@gigaset.com

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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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