DF Deutsche Forfait AG

Capital/Financing Update • Sep 23, 2015

News Details

Ad-hoc | 23 September 2015 18:17

DF Deutsche Forfait AG: Appeal for submission of sales offers regarding Company’s bond 2013/2020

DF Deutsche Forfait AG / Key word(s): Bond

23.09.2015 18:17

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

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• Talks with investors without results so far

• Not enough sales offers by bondholders so far

Cologne, 23 September 2015 - At the cash capital increase with subscription
rights for the existing shareholders ("cash capital increase") announced on
June 12 of this year, only approximately 45% of the shares offered were
placed by DF Deutsche Forfait AG (Prime Standard, ISIN: DE000A14KN88)
("Company"). Via ad hoc announcement on July 22, 2015, the Company
emphasized that the Company's equity position has not been strengthened to
the extent envisaged in the IDW S6 report, with the shortfall amounting EUR
6.0 million. The cash capital increase will only be entered in the
Company's commercial register file, and thus become valid, after the
non-cash capital increase ("non-cash capital increase") has been entered in
the commercial register. However, this prior non-cash capital increase is
predicated on a certain minimum strengthening of the Company's equity
position which was to be achieved through the cash capital increase, but
which has not been achieved.

Since July, the Company has been discussing alternative ways of filling the
equity gap with the lender banks and investors. Until now, these
discussions have not led to a positive result yet.

One further important component for compensating the shortfall of
strengthening the Company's equity is the Company's repurchase of a partial
amount of its outstanding 2013/2020 bond with the help of investors at a
price yet to be determined. The extraordinary income resulting from this
exercise would bolster the company's equity position and could partially
compensate for the lower-than-expected issue proceeds from the cash capital
increase. However, until now, there have not been enough bondholders who
declared their willingness to sell their bonds to the Company.

If not enough sales offers have been submitted and/or the discussions with
investors have not led to final results by Monday, September 28, 2015, with
high probability the Company will have to file for insolvency proceedings.

Bondholders who are willing to sell their bonds to the Company are thus
urgently asked to send the sale offer to be downloaded via the Company's
website under http://www.dfag.de/en/press/downloads/ to the Company until
Sunday, September 27, 2015.

DF Deutsche Forfait AG
Christoph Charpentier
Kattenbug 18 - 24
50667 Cologne

T +49 221 97376-37
F +49 221 97376-60
E investor.relations@dfag.de
http://www.dfag.de

23.09.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language: English
Company: DF Deutsche Forfait AG
Kattenbug 18-24
50667 Köln
Germany
Phone: +49 (0)221 - 973 76 0
Fax: +49 (0)221 - 973 76 76
E-mail: dfag@dfag.de
Internet: www.dfag.de
ISIN: DE000A14KN88, DE000A1R1CC4,
WKN: A14KN8, A1R1CC
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart

End of Announcement DGAP News-Service

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