Hansa Group AG Ad-hoc: Agreement to reduce the financial liabilities of Hansa Group AG unexpectedly and surprisingly not fully implemented - other restructuring options are being openly looked into - change to the Management Board

Duisburg/Genthin, July 7, 2014 - The Management Board of Hansa Group AG learned today that the agreement to reduce the financial liabilities of Hansa Group AG cannot be fully implemented as planned. This development is both unexpected and surprising.

The Management Board of Hansa Group is currently openly looking into other restructuring options.

The Supervisory Board of Hansa Group AG has appointed Bernd Depping, an experienced restructuring expert, to the Management Board as Chief Restructuring Officer (CRO) to assist in this process. In addition, Thomas Pfisterer and Dominik Müser were recalled from the Management Board with immediate effect to avoid structures and responsibilities from being duplicated.

As the intensive negotiations on the restructuring of Hansa Group AG's balance sheet continued until today, efforts to prepare the annual accounts 2013 and the subsequent interim financial statements have been greatly delayed.

The Management Board


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ISIN: DE 0007608606
WKN: 760 860
Börsenkürzel: H4G
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