DGAP-Adhoc: Balda sells site in Malaysia under a management buyout

Balda AG / Key word(s): Mergers & Acquisitions/Disposal

26.04.2013 15:09

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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Bad Oeynhausen, 26 April 2013 - The Management Board of Balda AG has
arranged to sell its site in Ipoh, Malaysia, under a management buyout with
the approval of the Supervisory Board. Effective financially as of 31 March
2013, all shares of the subsidiary Balda Solutions Malaysia Sdn. Bhd. (BSM)
will be acquired by Blue Ocean Genius Sdn. Bhd. (Blue Ocean), which is
majority-owned by James Lim, the Managing Director of BSM. Excluded from
the sale are the land and factory building of BSM, which will remain in the
possession of the Balda Group as key assets and will be rented back to BSM.
Blue Ocean has the option of acquiring the land and building in the medium
term at their market value, taking into account the rental payments made to
that point.

In the first three quarters of the 2012/2013 financial year (1 July 2012 to
31 March 2013), the Ipoh site has made an operating loss. From the fourth
quarter of the 2012/2013 financial year, the site will have no further
negative effect on earnings. For this reason, the transaction will
positively affect the development of earnings before interest, taxes,
depreciation and amortization (EBITDA) in the current financial year. The
divestment will result in non-cash effects on earnings in the amount of
approximately EUR -7 million. Regardless of this, Balda AG continues to
expect a clearly positive consolidated profit for the 2012/2013 financial
year.

The closing of the transaction is subject to the granting of regulatory
approval.

Contact:
CAT Consultants GmbH & Co.
Thilo M. Tern
Partner
Tel: +49 40 30 37 44-70
Tel: +49 40 30 37 44-20
E-Mail: ir-balda(at)cat-consultants.de

Dirk M. Reuter
Senior Consultant
Tel: +49 40 30 37 44-19
Tel: +49 40 30 37 44-20
E-Mail: ir-balda(at)cat-consultants.de

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Language: English
Company: Balda AG
Bergkirchener Str. 228
32549 Bad Oeynhausen
Germany
Phone: +49 (0) 57 34 / 9 22-0
Fax: +49 (0) 57 34 / 9 22-2604
E-mail: info@Balda.de
Internet: www.balda.de
ISIN: DE0005215107
WKN: 521510
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart

End of Announcement DGAP News-Service

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