DGAP-News: Atlas Mara publishes offer to ADC Shareholders ++ Atlas Mara makes a share-for-share offer to ADC Shareholders at 1.25 Atlas Mara shares for each ADC share, which equates to EUR 10.45 per ADC share ++ ADC will issue a reasoned statement within 14 days

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| Source: EQS Group AG
DGAP-News: ADC African Development Corporation AG / Key word(s):
Mergers & Acquisitions/Offer
Atlas Mara publishes offer to ADC Shareholders ++ Atlas Mara makes a
share-for-share offer to ADC Shareholders at 1.25 Atlas Mara shares
for each ADC share, which equates to EUR 10.45 per ADC share ++ ADC
will issue a reasoned statement within 14 days

03.07.2014 / 19:26

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ADC African Development Corporation AG (ADC), ISIN DE000A1E8NW9, announces
that Atlas Mara Beteiligungs AG, an indirect and fully owned subsidiary of
Atlas Mara Co-Nvest Limited (Atlas Mara), has published today its offer
document setting out the terms and conditions of its offer to ADC
shareholders to acquire all shares in ADC at an exchange ratio of 1.25
Atlas Mara shares (to be listed on the London Stock Exchange) for each ADC
share. This consideration equates to EUR 10.45 per ADC share, based on
Atlas Mara's three months average share price and associated daily currency
exchange rates prior to the announcement of the intended transaction on 31
March 2014. The acceptance period expires on 31 July 2014.

The specific terms and conditions of the offer are set out in the offer
document, which can be found on Atlas Mara's website: www.atlasmara.com

ADC's Management Board welcomes the offer. Dirk Harbecke, CEO of ADC
commented: "As we said in March, Atlas Mara's founders and Board share
ADC's vision of creating a pan-African banking group. I am proud of the
business we have all built at ADC and this offer is a powerful endorsement
of our African platform. The management team and I are excited about the
opportunity to expand the business and drive future growth."

After a comprehensive review of the terms and conditions of the offer, ADC
will issue a reasoned statement (Stellungnahme), likely within the next 14
days, providing their detailed views on the offer from Atlas Mara and
including a recommendation as to acceptance of the offer. This statement,
as well as further information, will be made available on ADC's website:
www.african-development.com/en/investor-relations/investor-information/com
bination/

About ADC
ADC African Development Corporation AG (ADC) (ISIN: DE000A1E8NW9;
Bloomberg: AZC.GR, www.african-development.com), is a German listed,
emerging pan-African banking group. ADC has a strong footprint in Southern
Africa via BancABC, a regional commercial banking platform operating in
Botswana, Mozambique, Tanzania, Zambia and Zimbabwe as well as exposure to
West Africa via Union Bank of Nigeria. In addition to its banking
operations, ADC has a private equity portfolio active in growth markets
across sub-Saharan Africa. ADC follows an active management approach with a
team of experts that comprise operational banking management, investment
banking and merchant banking expertise.

About Atlas Mara
The Bidder, Atlas Mara Beteiligungs AG, is a German stock corporation
(Aktiengesellschaft) and an indirect and fully owned subsidiary of Atlas
Mara. Atlas Mara was formed by Bob Diamond, Founder of Atlas Merchant
Capital LLC and Ashish J Thakkar, Founder of Mara Group Holdings Limited,
and listed on the main market of the London Stock Exchange in December
2013. The stated strategy of Atlas Mara is that it will operate the
acquired business and implement a strategy with a view to generating value
for its shareholders through operational improvements as well as
potentially through additional complementary acquisitions. For more
information on Atlas Mara visit: www.atlasmara.com.


Contact:
Investor Relations
investor-relations@african-development.com
T +49 69 719 12 80 119


End of Corporate News

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03.07.2014 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language:    English                                               
Company:     ADC African Development Corporation AG                
             Grüneburgweg 18                                       
             60322 Frankfurt/Main                                  
             Germany                                               
Phone:       +49 69 719 12 80 119                                  
Fax:         +49 69 719 12 80 115                                  
E-mail:      info@african-development.com                          
Internet:    www.african-development.com                           
ISIN:        DE000A1E8NW9                                          
WKN:         A1E8NW                                                
Listed:      Freiverkehr in Berlin, Düsseldorf; Frankfurt in Open  
             Market (Entry Standard)                               
 
 
End of News    DGAP News-Service  
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