DGAP-Ad hoc: CHORUS Clean Energy AG

DGAP-Adhoc: Capital Stage AG announces a voluntary takeover offer for CHORUS Clean Energy AG

CHORUS Clean Energy AG / Key word(s): Merger

30.05.2016 08:47

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.

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Ad hoc Announcement according to § 15 WpHG

Capital Stage AG announces a voluntary takeover offer for CHORUS Clean Energy AG

Neubiberg/Munich, May 30,2016. Capital Stage AG, Hamburg, ('Capital Stage'), listed on the regulated market (Prime Standard) of the Frankfurt Stock Exchange, intends to submit a voluntary takeover offer to the shareholders of CHORUS Clean Energy AG ('CHORUS') for all outstanding shares of CHORUS and to offer five (5) shares of Capital Stage for three (3) shares of CHORUS. With the successful execution of the takeover offer one of the leading independent operators of solar and wind power plants in Germany and Europe with a portfolio of solar and wind parks with a total capacity of more than 900 Megawatts (MW) would be created.

CHORUS has signed a business combination agreement with Capital Stage concerning the intended transaction. In the combination agreement the parties have agreed on the core elements of the transaction, the terms of the support for the transaction by CHORUS and a common understanding regarding the future business cooperation between CHORUS and Capital Stage in case of a successful completion of the takeover.

CHORUS has been informed by the Chairman of the Supervisory Board Peter Heidecker and the Members of the Management Board, that PELABA Anlagenverwaltungs GmbH & Co. KG and PELABA Ökofinanz GmbH, both attributed to the Chairman of the Supervisory Board Peter Heidecker, as well as the Members of the Management Board have each contractually committed to accept the offer for the shares in CHORUS they own directly or indirectly (together around 15%).

Over the course of the process, the Management Board and the Supervisory Board will provide a statement in accordance with their legal obligations on the offer document which is to be published by Capital Stage. Subject to the review of the offer document the Management Board and the Supervisory Board of CHORUS intend to support the planned takeover offer on the basis of the business combination agreement.

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Information and Explanation of the Issuer to this News:

Contact us: Stephan Castenholz (Investor Relations) CHORUS Clean Energy AG Tel.: +49-89-442-3060-0 Fax: +49-89-442-3060-11 E-mail: IR(at)chorus.de

30.05.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap.de

--------------------------------------------------------------------------- Language: English Company: CHORUS Clean Energy AG Prof.-Messerschmitt-Straße 3 85579 Neubiberg / Munich Germany Phone: +49 (0)89 442 30 60 - 0 Fax: +49 (0)89 442 30 60 - 11 E-mail: info@chorus.de Internet: www.chorus-gruppe.de ISIN: DE000A12UL56 WKN: A12UL5 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange End of Announcement DGAP News-Service ---------------------------------------------------------------------------