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

26.04.2013

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

26.04.2013 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: 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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