DGAP-Adhoc: Gigaset AG: Gigaset: 70% success in Evonik lawsuit / Result within accruals

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| Source: EQS Group AG
Gigaset AG  / Key word(s): Legal Matter

17.12.2013 10:26

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Munich, December 16, 2013. Gigaset AG ('Gigaset') has today achieved a 70%
success in its lawsuit with Evonik Degussa GmbH ('Evonik').

Evonik had, in May 2012, filed an arbitration case against Gigaset and
demanded a penalty payment in the amount of EUR 12mn.

In its arbitration award, which was delivered to Gigaset today, the
arbitration panel reduced Evonik's claim to EUR 3.5mn and dismissed the
rest, bringing Evonik's success rate down to only 30%.

Gigaset had accrued 3.6mnEUR in this matter. As such, the award will not 
impact the annual results.

Gigaset will however examine the arbitration award in detail to determine
whether the decision requires review by means of a annulment request
('Aufhebungsantrag') in front of a public court.


17.12.2013 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:      Gigaset AG
              Hofmannstraße 61
              81379 München
              Germany
Phone:        +89444456937
Fax:          +89444456930
E-mail:       kerstin.diebenbusch@gigaset.com
Internet:     www.gigaset.com
ISIN:         DE0005156004
WKN:          515600
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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