ESSANELLE HAIR GROUP AG / Key word(s): Squeeze Out 05.05.2014 15:48 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. --------------------------------------------------------------------------- Confirmation and specification of transfer request; cash compensation set at EUR 11.27 per no-par share By communication dated today to ESSANELLE HAIR GROUP AG, HairGroup AG has confirmed the transfer request pursuant to § 327a (1) Sentence 1 of the German Stock Corporation Act (AktG) in conjunction with § 62 (1) and (5) of the German Commutation Act (UmwG) received by ESSANELLE HAIR GROUP AG on 10 February 2014. Furthermore, it has set the appropriate level of cash compensation to be granted to minority shareholders due for exclusion within the merger-specific squeeze out pursuant to § 327a (1) Sentence 1 of the German Stock Corporation Act (AktG) in conjunction with § 62 (5) of the German Commutation Act (UmwG) at EUR 11.27 per no-par share in ESSANELLE HAIR GROUP AG. It has confirmed its intention to conclude a merger agreement, on which basis and in which context ESSANELLE HAIR GROUP AG is to be merged into HairGroup AG and minority shareholders excluded. Accounting for treasury stock at ESSANELLE HAIR GROUP AG, HairGroup AG continues to hold more than 90% of the share capital in ESSANELLE HAIR GROUP AG. Also, the Management Board of ESSANELLE HAIR GROUP AG and the Management Board of HairGroup AG have already agreed upon a draft version of a merger agreement between ESSANELLE HAIR GROUP AG as the transferring company and HairGroup AG as the receiving company that permits the merger-specific squeeze out. The Management Board of ESSANELLE HAIR GROUP AG intends to sign this merger agreement with HairGroup AG on 15 May 2014. Among other items, the Annual General Meeting of ESSANELLE HAIR GROUP AG expected to be held on 27 June 2014 is to be requested to adopt the transfer resolution accompanying the merger-specific squeeze out. 05.05.2014 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: ESSANELLE HAIR GROUP AG Himmelgeister StraÃe 103-105 40225 Düsseldorf Germany Phone: +49 (0)2156-4965-195 Fax: +49 (0)89-21027-598 E-mail: investor@essanelle-hair-group.com Internet: www.essanelle.de ISIN: DE0006610314 WKN: 661031 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------