Gigaset AG

Legal Proceedings Report • Dec 10, 2010

News Details

Ad-hoc | 10 December 2010 20:18

ARQUES and Siemens: Agreement regarding Gigaset, Parties end disputes

ARQUES Industries AG / Key word(s): Agreement

10.12.2010 20:18

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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ARQUES Industries AG ('ARQUES ') announces that it reached an agreement
with Siemens AG in the current legal disputes regarding Gigaset
Communications GmbH ('Gigaset ') this evening. Both parties signed the
relevant contracts.

Within the context of this agreement, the claims in dispute and the
financial commitments were conclusively dealt with and have also been
settled already. The current arbitration proceedings will be terminated.

The payments by ARQUES were made exclusively from the cash funds of ARQUES.

In the course of the agreement ARQUES will exercise its option to acquire
the remaining 19.8% share in GIG Holding GmbH within this year and will
then hold all shares in Gigaset via GIG Holding GmbH.

The chairman of the ARQUES executive board will announce further details at
the ARQUES general meeting on December 20, 2010.

ARQUES Industries AG
Investor Relations
Email: info@arques.de
Tel: 089/ 25 55 00 - 0

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Language: English
Company: ARQUES Industries AG
Arnulf Office Park - Arnulfstraße 37-39
80636 München
Deutschland
Phone: +49 89/255500-0
Fax: +49 89/255500-200
E-mail: klaus.franke@arques.de
Internet: www.arques.de
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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