DGAP-Ad hoc: OTI Greentech AG

DGAP-Adhoc: OTI Greentech AG reduces operating loss significantly based on preliminary

OTI Greentech AG / Key word(s): Half Year Results/Miscellaneous

29.08.2016 16:54

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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OTI Greentech AG reduces operating loss significantly based on preliminary consolidated figures for H1 2016

* Earnings before Interest, Taxes, Depreciation and Amortisation (EBITDA): significant improvement to EUR - 0.7m compared to EUR -1.3m H1 2015 * H1 2016: Preliminary revenues of approximately EUR 5.0m; slightly above previous year * Outlook for 2016 confirmed: expect doubling of 2015 revenues to at least EUR 16m with significant improvement in EBITDA

Berlin, 29.08.2016 - OTI Greentech AG (WKN A0HNE8), an internationally active environmental technology and engineering group listed on the Düsseldorf stock exchange has completed the first 6 months of 2016 with a significant reduction of the operating loss (EBITDA) and a slight increase in turnover compared to the same period last year (based upon unaudited preliminary figures). The effects of the various integration and cost reduction measures introduced in 2015 can be seen in the first half of 2016.

Earnings before Interest, Taxes, Depreciation and Amortisation (EBITDA) for H1 2016 was EUR -0.7m, a significant improvement compared to the H1 pro forma result in the previous year (EUR -1.3m). The main contributor to this improvement was the cost reduction program implemented by management. Revenues of EUR 5.0m were slightly above the same period last year.

Various framework agreements were signed in the first half of the year, which are expected to show results in the traditionally stronger second half of the year. After setting up a new subsidiary, VTT Maritime West Africa Limited, OTI is pursuing a large number of very exciting opportunities in this vast new market.

Based on business development in the first half of the year, the promising order book and the pipeline OTI Greentech confirms its outook for 2016: EBITDA is expected to further improve significantly. Management expects to achieve a positive EBITDA and a doubling of the 2015 revenues to at least EUR 16m.

Final unaudited H1 2016 single company results for OTI Greentech AG will be published by end of September 2016.

About OTI Greentech AG

OTI Greentech provides advanced engineering services, project management and a wide range of product and technology solutions to the Maritime, Infrastructure and Oil & Gas industries worldwide. OTI Greentech's surfactant based patented technology provides innovative sustainable and cost-efficient solutions for various industrial cleaning challenges, with potential for application in land remediation. Through its group companies, VTT Maritime and RADA Engineering & Consulting, OTI Greentech has more than 30 years of experience providing engineering services and project management on complex maritime operations and infrastructure projects in Northern Europe, as well as carrying out inspections of vessels globally. A full range of products, technology solutions and services are provided to the global shipping industry in all major ports via the Uniservice Global joint venture. The OTI Greentech group currently has over 120 employees in Europe, USA and West Africa. OTI Greentech AG is listed on the Düsseldorf Stock Exchange (WKN A0HNE8). OTI Greentech's corporate headquarters are located in Berlin, Germany.

Contact: edicto GmbH Axel Muehlhaus, Dr. Soenke Knop amuehlhaus@edicto.de Tel. +49 69 905505-52 Eschersheimer Landstr. 42-44 60322 Frankfurt

OTI Greentech AG Johnny Christiansen, CEO info@oti.ag Tel. +49 30 220 136 900 Potsdamer Platz 1, 7.OG. 10785 Berlin

29.08.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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