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Capital/Financing Update • Nov 11, 2010

News Details

Ad-hoc | 11 November 2010 23:08

ARQUES Industries AG: ARQUES Industries AG issues two-year mandatory convertible bond in the amount of EUR 23.8 million

ARQUES Industries AG / Key word(s): Corporate Action

11.11.2010 23:08

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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The executive board of ARQUES Industries AG (hereinafter 'ARQUES' or 'the
company') today decided to issue a subordinated and non-secured convertible
bond with a total nominal amount of up to EUR 23,800,002. The ARQUES
supervisory board has already indicated its approval of this resolution of
the executive board.

The company is issuing the convertible bond in order to further stabilise
the company's liquidity.

The convertible bond is divided into up to 11,900,001 partial debenture
registered shares with equal rights with a nominal value of and/or with a
par value of EUR 2.00 each. It is interest bearing at an interest rate of
9% per annum and is convertible into up to 11,900,001 company shares.

The running period of the convertible bond begins on December 01, 2010 and
ends on December 31, 2012. The company has the right to convert the
convertible bond into company shares on June 30, 2011, on December 31, 2011
and on June 30, 2012. If ARQUES should not make use of its conversion
privilege, the convertible bond will be converted into company shares at
the end of the running period. The conversion price amounts to between 100%
and 115% of the reference quotation, dependent on the arithmetical average
of the closing price of the ARQUES shares in the XETRA trade on the
Frankfurt Stock Exchange on the twenty share trading days prior to the
relevant day of conversion. The reference quotation is calculated according
to the arithmetical average of the closing price of the ARQUES shares in
the XETRA trade on the Frankfurt Stock Exchange on the last five share
trading days prior to the day that the par value of the partial debentures
is stipulated.

The company's shareholders will be granted a subscription right. The
company offers its shareholders the subscription of the partial debentures
at a subscription ratio of 10:3, i.e. 10 shares entitle the shareholder to
acquire 3 partial debentures. Subscription rights for fractional amounts
are excluded.

Beyond the allotted subscription with respect to his/her stock of shares
according to the subscription ratio, each entitled shareholder can submit a
binding bid to acquire further partial debentures at an unchanged par value
of EUR 2.00 per partial debenture within the subscription period. A trade
in subscription rights on the stock exchange is not intended. The
subscription period is estimated to begin on November 17 and estimated to
end on November 30 (inclusive).

If the case that not all the partial debentures are taken up within the
context of the offer to subscribe, the partial debentures not taken up can
be offered to selected investors by way of a private placement at par
value.

ARQUES Industries AG is an equity investment company focusing on the
restructuring of companies in transitional situations. ARQUES develops
these companies, mainly acquired within the context of company spin-offs,
to competitive enterprises with a positive yield in order to sell these
afterwards with added value.

The shares of ARQUES Industries AG are traded in the Prime Standard of the
Frankfurt Stock Exchange. Symbol: AQU, ISIN: DE0005156004.

Contact:
ARQUES Industries AG
Arnulfstraße 37-39
D-80636 München
Tel: 089 / 25 55 00 - 0
Fax: 089 / 25 55 00 -200
E-Mail: info@arques.de

11.11.2010 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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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 Hamburg, München, Düsseldorf, Berlin, Stuttgart

End of Announcement DGAP News-Service

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