| Emmen, Switzerland, 18 March 2020 |
| Media release |
Consequences of Corona: ALSO takes action
As already announced on March 16, ALSO offers its resellers swift and unbureaucratic support. "The service was received with a keen interest and has already resulted in a number of discussions and actions. On top of covering short-term liquidity problems, the company provides especially small businesses the opportunity of competent and individual information regarding local support measures" explains Gustavo Möller-Hergt, CEO of ALSO Holding. A lot of European countries are now offering various kinds of state support, which are meant to absorb the effects of the corona virus. The measures range from government loans or tax-based liquidity support to flexible short-time work arrangements.
Via the central mail address support4corona@also.com ALSO gladly puts resellers in contact with experts, who will be able to explain the different options and can advise on application procedures. This information service is free of charge for the ALSO resellers. Should an in-depth legal counselling be necessary, ALSO can recommend local lawyers, who will then be tasked by the reseller directly.
Direct link to media release: https://www2.also.com/press/20200318en.pdf
Contact person ALSO Holding AG:
Manuela Rost-Hein
Head of Communications ALSO Group
Phone: +49 151 14040215
E-Mail: manuela.rost-hein@also.com
ALSO Holding AG (ALSN.SW) (Emmen/Switzerland) brings providers and buyers of the ICT industry together. ALSO offer more than 660 vendors of hardware, software and IT-services access to over 110 000 buyers, who can call a broad spectrum of other customized services in the logistics, finance, and IT services sectors, as well as traditional distribution services. From the development of complex IT landscapes, the provision and maintenance of hardware and software, right through to the return, reconditioning and remarketing of IT hardware, ALSO offers all services as a one-stop shop. ALSO is represented in 23 European countries and generates total net sales of approximately 10.7 billion euros with around 4 000 employees in the fiscal year 2019. The principal shareholder of ALSO Holding AG is the Droege Group, Düsseldorf, Germany. Further information is available at https://also.com
Droege Group
Droege Group (founded in 1988) is an independent advisory and investment company under full family ownership. The company acts as a specialist for tailor-made transformation programs aiming to enhance corporate value. Droege Group combines its corporate family-run structure and capital strength into a family- equity business model. The group carries out direct investments with its own equity in corporate spin-offs and medium-sized companies in «special situations». With the guiding principle «execution - following the rules of art», the group is a pioneer in execution-oriented corporate development. Droege Group follows a focused investment strategy based on current megatrends (knowledge, connectivity, prevention, demography, specialization, future work, shopping 4.0). Enthusiasm for quality, innovation and speed determines the company's actions. In recent years Droege Group has successfully positioned itself in domestic and international markets and operates in 30 countries. More information: https://droege-group.com
Disclaimer
This press release contains forward-looking statements which are based on current assumptions and forecasts of the ALSO management. Known and unknown risks, uncertainties, and other factors could lead to material differences between the forward-looking statements made here and the actual development, in particular the results, financial situation, and performance of our Group. The Group accepts no responsibility for updating these forward-looking statements or adapting them to future events or developments.
ALSO HOLDING AG 
