Loewe AG / Key word(s): Acquisition 21.03.2014 22:47 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. --------------------------------------------------------------------------- Kronach - March 21, 2014: Loewe AG has today signed a notarial sale and purchase agreement with Munich-based investors Stargate Capital GmbH in respect of all business operations of Loewe AG and Loewe Opta GmbH. The acquirer will maintain these business operations at the site in Kronach - including production - as a going concern. The deal is due to be completed at the beginning of April this year. The purchase price is in the higher single-digit millions of euros; of this total, a six-digit amount will be included in the insolvency estate assets of Loewe AG, while the remaining amount will form part of the insolvency estate assets of Loewe Opta GmbH. The purchase price will not be sufficient to fully satisfy the claims of all insolvency creditors; no payment will be made to the shareholders. Payment of the purchase price and funding of the ongoing business operations by the acquirer and the banks involved are fully secured. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: Contacts: Loewe AG Industriestrasse 11 96317 Kronach Germany Dr. Roland Raithel, Public Relations Tel: +49 (0)9261 99217 Fax: +49 (0)9261 99994 Email: roland.raithel@loewe.de 21.03.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Loewe AG Industriestrasse 11 96317 Kronach Germany Phone: +49 (0)9261 99-984 Fax: +49 (0)9261 99-994 E-mail: ir@loewe.de Internet: www.loewe.de ISIN: DE000A1X3W34 WKN: A1X3W3 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------