DGAP-Adhoc: Agreement to reduce the financial liabilities of Hansa Group AG unexpectedly and surprisingly not fully implemented - other restructuring options are being openly looked into - change to the Management Board

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| Source: EQS Group AG
Hansa Group AG  / Key word(s): Agreement/Capital Reorganisation

08.07.2014 16:07

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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Agreement to reduce the financial liabilities of Hansa Group AG
unexpectedly and surprisingly not fully implemented - other restructuring
options are being openly looked into - change to the Management Board

Duisburg/Genthin, July 7, 2014 - The Management Board of Hansa Group AG
(ISIN DE0007608606, WKN 760860) learned today that the agreement to reduce
the financial liabilities of Hansa Group AG cannot be fully implemented as
planned. This development is both unexpected and surprising.

The Management Board of Hansa Group is currently openly looking into other
restructuring options.

The Supervisory Board of Hansa Group AG has appointed Bernd Depping, an
experienced restructuring expert, to the Management Board as Chief
Restructuring Officer (CRO) to assist in this process. In addition, Thomas
Pfisterer and Dominik Müser were recalled from the Management Board with
immediate effect to avoid structures and responsibilities from being
duplicated.

As the intensive negotiations on the restructuring of Hansa Group AG's
balance sheet continued until today, efforts to prepare the annual accounts
2013 and the subsequent interim financial statements have been greatly
delayed.


08.07.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Hansa Group AG
              Fritz-Henkel-Str. 8
              39307 Genthin
              Germany
Phone:        +49 (0)203-73804-109
Fax:          +49 (0)203-73804-309
E-mail:       silvia.kostova@hansagroup.de
Internet:     www.hansagroup.de
ISIN:         DE0007608606
WKN:          760860
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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