DGAP-Ad hoc: A.S. Création Tapeten AG

DGAP-Adhoc: A.S. Création Tapeten AG: Court of appeal decides amount of penalty in French antitrust proceedings

A.S. Création Tapeten AG / Key word(s): Legal Matter

14.04.2016 18:03

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

In December 2014, the French Competition Authority ("Autorité de la concurrence") issued a penalty notice against SCE - Société de conception et d'édition SAS ("SCE") and MCF Investissement SAS ("MCF"), two French member companies of the A.S. Création Group, and imposed penalties totalling EUR 5.0 million. An appeal was filed against the penalty notice in February 2015.

The court of appeal ("Cour d'appel") in Paris today announced the verdict in the appeal proceedings and reduced the penalties to be paid by SCE and MCF to a total amount of EUR 2.1 million. An appeal against the verdict of the court of appeal may be filed with the French supreme court ("Cour de cassation") within one month. Should the verdict become final, A.S. Création will post earnings and cash inflow of EUR 2.9 million in the 2016 consolidated financial statements, as the penalty of EUR 5 million originally imposed by the French Competition Authority was fully recognised as an expense in the 2014 consolidated financial statements and had to be paid in full in 2015 under French law in spite of the appeal.

In June 2015, A.S. Création and the former owners of SCE and MCF agreed that the latter would contribute EUR 2.1 million to the penalty imposed by the French antitrust authorities. This amount is independent of the verdict now announced and was transferred to A.S. Création in June 2015. This means that the penalty of EUR 2.1 million now imposed by the court of appeal is borne by the former owners of SCE and MCF.

Gummersbach, April 14, 2016

A.S. Création Tapeten AG

The Managing Board

Inquiries: Maik Krämer, Director of Finance and Controlling Phone: +49-2261-542 387 Fax: +49-2261-542 304 E-mail: m.kraemer@as-creation.de

14.04.2016 The DGAP 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: A.S. Création Tapeten AG Südstraße 47 51645 Gummersbach Germany Phone: +49 22 61 54 2-0 Fax: +49 22 61 54 2-3 04 E-mail: investor@as-creation.de Internet: http://www.as-creation.de ISIN: DE000A1TNNN5 WKN: A1TNNN Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------