· Quorum for passing of resolutions not reached at bondholders' voting without attendance (10 to 13 June 2014)

· Attendance meeting to vote on appointment and official authorisation of bondholders' Joint Representative, the deferral of interest claims, and the temporary exclusion of call rights

· Bondholders' approval intended to support financial and operating reorganisation of MIFA

Sangerhausen, 4 July 2014 - As the quorum required to pass resolutions at the voting without bondholders' attendance between 10 and 13 June 2014 failed to be reached, the holders of the MIFA 2013/2018 bond (ISIN: DE000A1E8W96 / WKN: A1E8W9) are invited to a so-called second bondholders' meeting for the purpose of a renewed attempt to pass the bondholders' resolution. The second bondholders' meeting in the form of an attendance meeting is to be held on 23 July 2014 at 11:00 a.m. at the conference hall of Klaus Ehrich GmbH Wirtschaftsprüfungsgesellschaft Steuerberatungsgesellschaft, Kyselhäuser Straße 8, in 06526 Sangerhausen. A corresponding invitation was published today in the German Federal Gazette (Bundesanzeiger) and on MIFA's website (http://www.mifa.de/investor-relations/anleihe/).

Due to its strained financial position, MIFA is currently continuing to work on an overall concept for the financial and operational reorganisation of the company. MIFA sets store by appropriately representing its bondholders' interests as part of this concept. For this reason, bondholders had the opportunity between 10 and 13 June 2014 to decide on the appointment of a Joint Representative as part of a vote without attendance. In order to secure the development and implementation of the overall reorganisation concept, MIFA proposed to the bondholders that they approve a deferral of the interest claims due on 12 August 2014 and the temporary exclusion of call rights until 31 October 2014, respectively.

At the voting without the bondholders' attendance, it proved impossible to pass a bondholders' resolution due to the fact that the quorum of 50 percent of the bonds outstanding that is required to pass resolutions was not reached. For this reason, the bondholders are invited to a so-called second bondholders' meeting in the form of an attendance meeting to pass resolutions on the following resolutions:

(i) Appointment of a Joint Representative for all holders of the MIFA bond and

(ii) official authorisation of the Joint Representative, to agree to the deferral of the bondholders' interest claims that fall due on 12 August, and the temporary suspension of any call rights.

For an attendance meeting of the bondholders other preconditions apply for the passing of resolutions than for a vote without attendance. No quorum is required for the passing of a resolution concerning the appointment and authorisation of a Joint Representative; the resolution relating to the authorisation of the Joint Representative, the deferral of interest claims and the temporary suspension of call rights is subject to a quorum of 25 percent of the bonds outstanding.

Holders of the MIFA bond can find further information about the progress of MIFA's reorganisation, bondholders' votes and the documents required for the voting by the holders of the MIFA bonds on MIFA's website (http://www.mifa.de/investor-relations/anleihe/).

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