DGAP-PVR: Balda AG: Release according to article 26,

Balda AG 

17.09.2013 17:51

Dissemination of a Voting Rights Announcement, transmitted by
DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Notification pursuant to Section 27a WpHG

Octavian Special Master Fund, L.P., Augustus Advisors, LLC, Augustus GP
Interests Acquisition, LLC, Augustus Holdco, LLC, TPG Opportunities II
Advisors, Inc., Indaba Capital Fund, L.P., Indaba Capital Management, LLC,
Indaba Capital Partners, L.P., Indaba Partners, LLC and Derek C. Schrier
(collectively referred to as 'Notifying Persons') have informed Balda
Aktiengesellschaft on 20 August 2013 that their joint holding of Balda
Aktiengesellschaft shares as of 20 August 2013 amounts to approx. 13.26%.

Pursuant to Section 27a of the German Securities Trading Act ('WpHG') each
Notifying Person hereby informs you of the following:

1. Objective of the investment

The Notifying Persons pursue strategic objectives with respect to the
investment.

2. Acquisition of additional shares

The Notifying Persons intend to acquire additional shares in Balda
Aktiengesellschaft within the next twelve months.  Since the notifications
of voting rights of 20 August
2013 the holding of the Notifying Persons as of 16 September 2013 increased
to a
total of 8,704,549 voting rights (approx. 14.78%).

3. Composition of the management and supervisory boards of Balda
Aktiengesellschaft

The Notifying Persons currently do not seek a change of the composition of
the management board of Balda Aktiengesellschaft.

The Notifying Persons welcome the election of Mr. Klaus Rueth to the
supervisory board of Balda Aktiengesellschaft and currently do not intend
to influence the composition of the supervisory board of Balda
Aktiengesellschaft.

4. Changes in the capital structure of Balda Aktiengesellschaft, in
particular regarding the relation of debt to equity and the dividend policy

The Notifying Persons seek to optimize shareholder value, which may
involve, but is not limited to, increasing distributions to the
shareholders and share buybacks. Apart
 
from this, the Notifying Persons do not seek a change of the capital
structure, in particular regarding the relation of debt to equity, of Balda
Aktiengesellschaft.

5. Origin of funds

The voting rights of the Notifying Persons were exclusively financed by
means of own funds.


This notification is issued on behalf of:
 
Octavian Special Master Fund, L.P.
c/o Citco Fund Services (Cayman Islands) Limited
Corporate Centre, West Bay Road,
Grand Cayman KY1-1205, Cayman
Islands;

Augustus Advisors, LLC
301 Commerce Street, Suite 3300
Fort Worth, TX 76102, USA;

Augustus GP Interests Acquisition, LLC
301 Commerce Street, Suite 3300
Fort Worth, TX 76102, USA;

Augustus Holdco, LLC
301 Commerce Street, Suite 3300
Fort Worth, TX 76102, USA;

TPG Opportunities II Advisors, Inc.
301 Commerce Street, Suite 3300
Fort Worth, TX 76102, USA;
 
Indaba Capital Fund, L.P.
c/o Maples Corporate Services Limited
P.O. Box 309, Ugland House
Grand Cayman KY1-1104, Cayman
Islands;

Indaba Capital Management, LLC
One Letterman Drive, Building D, Suite
DM700
San Francisco, CA 94129, USA;

Indaba Capital Partners, L.P. c/o Indaba Partners, LLC
One Letterman Drive, Building D, Suite
DM700
San Francisco, CA 94129, USA;

Indaba Partners, LLC
One Letterman Drive, Building D, Suite
DM700
San Francisco, CA 94129, USA;

Derek C. Schrier
c/o Indaba Capital Management, LLC One Letterman Drive, Building D, Suite
DM700
San Francisco, CA 94129, USA.



17.09.2013 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:      Balda AG
              Bergkirchener Str. 228
              32549 Bad Oeynhausen
              Germany
Internet:     www.balda.de
 
End of Announcement                             DGAP News-Service
 
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DGAP-PVR: Balda AG: Release according to article 26, section 1 WpHG (Securities Trading Act) with the aim of Europe-wide distribution - Announcement according to Article 27a, Section 1 of the WpHG (qualifying holdings)
