DGAP-Ad hoc: Heliocentris Energy Solutions AG

DGAP-Adhoc: Heliocentris Energy Solutions AG: Local court approves application for insolvency proceedings under Heliocentris' own administration

Heliocentris Energy Solutions AG / Key word(s): Insolvency

14.10.2016 16:38

Disclosure of an inside information according to Article 17 MAR, 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 notification as per section 17 of the Market Abuse Regulation (MAR)

14 October 2016, 1.20 p.m. CET

Heliocentris Energy Solutions AG: Local court approves application for insolvency proceedings under Heliocentris' own administration

Berlin, 14 October 2016 - The local court Berlin-Charlottenburg approved insolvency proceedings under Heliocentris' own administration, a process comparable to Chapter 11 in the USA, and appointed Joachim Voigt-Salus as the trustee (Sachwalter) of Heliocentris Energy Solutions AG (ISIN: DE000A1MMHE3) and its German subsidiaries Heliocentris Academia GmbH, Heliocentris Industry GmbH and Heliocentris Fuel Cell Solutions GmbH. For the legal entities outside Germany no insolvency proceedings have been filed. These entities continue to operate their business in the regular course of business.

The aim of this process is to sustainably restructure Heliocentris and to find an investor solution, building on Heliocentris' core products such as the decentral energy storage solutions, fuel cell based emergency power systems and energy management systems as well as the business potential developed over the last years. The recent discussions with investors were burdened by the high amount of financial debt and liabilities built over the last years.

Business operations continue seamlessly. Deliveries and services to existing customers as well as the acquisition of new customer orders continue unimpaired.

- End of the ad-hoc notification -

Contact Heliocentris Energy Solutions AG Rudower Chaussee 29 12489 Berlin, Germany Phone: +49 (0)30 340 601 500 Fax: +49 (0)30 340 601 599 IR@Heliocentris.com

14.10.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

--------------------------------------------------------------------------- Language: English Company: Heliocentris Energy Solutions AG Rudower Chaussee 29 12489 Berlin Germany Phone: +49 (0)30 340 601 500 Fax: +49 (0)30 340 601 599 E-mail: ir@heliocentris.com Internet: www.heliocentris.com ISIN: DE000A1MMHE3 WKN: A1MMHE Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange End of Announcement DGAP News-Service ---------------------------------------------------------------------------