DGAP-News: ADC African Development Corporation AG

DGAP-News: Atlas Mara publishes offer to ADC Shareholders ++ Atlas Mara makes a share-for-share offer to ADC Shareholders at 1.25 Atlas Mara shares for each ADC share, which equates to EUR 10.45 per ADC share ++ ADC will issue a reasoned statement within 14 days

DGAP-News: ADC African Development Corporation AG / Schlagwort(e): Fusionen & Übernahmen/Übernahmeangebot Atlas Mara publishes offer to ADC Shareholders ++ Atlas Mara makes a share-for-share offer to ADC Shareholders at 1.25 Atlas Mara shares for each ADC share, which equates to EUR 10.45 per ADC share ++ ADC will issue a reasoned statement within 14 days

03.07.2014 / 19:26

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ADC African Development Corporation AG (ADC), ISIN DE000A1E8NW9, announces that Atlas Mara Beteiligungs AG, an indirect and fully owned subsidiary of Atlas Mara Co-Nvest Limited (Atlas Mara), has published today its offer document setting out the terms and conditions of its offer to ADC shareholders to acquire all shares in ADC at an exchange ratio of 1.25 Atlas Mara shares (to be listed on the London Stock Exchange) for each ADC share. This consideration equates to EUR 10.45 per ADC share, based on Atlas Mara's three months average share price and associated daily currency exchange rates prior to the announcement of the intended transaction on 31 March 2014. The acceptance period expires on 31 July 2014.

The specific terms and conditions of the offer are set out in the offer document, which can be found on Atlas Mara's website: www.atlasmara.com

ADC's Management Board welcomes the offer. Dirk Harbecke, CEO of ADC commented: "As we said in March, Atlas Mara's founders and Board share ADC's vision of creating a pan-African banking group. I am proud of the business we have all built at ADC and this offer is a powerful endorsement of our African platform. The management team and I are excited about the opportunity to expand the business and drive future growth."

After a comprehensive review of the terms and conditions of the offer, ADC will issue a reasoned statement (Stellungnahme), likely within the next 14 days, providing their detailed views on the offer from Atlas Mara and including a recommendation as to acceptance of the offer. This statement, as well as further information, will be made available on ADC's website: www.african-development.com/en/investor-relations/investor-information/com bination/

About ADC ADC African Development Corporation AG (ADC) (ISIN: DE000A1E8NW9; Bloomberg: AZC.GR, www.african-development.com), is a German listed, emerging pan-African banking group. ADC has a strong footprint in Southern Africa via BancABC, a regional commercial banking platform operating in Botswana, Mozambique, Tanzania, Zambia and Zimbabwe as well as exposure to West Africa via Union Bank of Nigeria. In addition to its banking operations, ADC has a private equity portfolio active in growth markets across sub-Saharan Africa. ADC follows an active management approach with a team of experts that comprise operational banking management, investment banking and merchant banking expertise.

About Atlas Mara The Bidder, Atlas Mara Beteiligungs AG, is a German stock corporation (Aktiengesellschaft) and an indirect and fully owned subsidiary of Atlas Mara. Atlas Mara was formed by Bob Diamond, Founder of Atlas Merchant Capital LLC and Ashish J Thakkar, Founder of Mara Group Holdings Limited, and listed on the main market of the London Stock Exchange in December 2013. The stated strategy of Atlas Mara is that it will operate the acquired business and implement a strategy with a view to generating value for its shareholders through operational improvements as well as potentially through additional complementary acquisitions. For more information on Atlas Mara visit: www.atlasmara.com.



Kontakt: Investor Relations investor-relations@african-development.com T +49 69 719 12 80 119

Ende der Corporate News

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Sprache: Deutsch Unternehmen: ADC African Development Corporation AG Grüneburgweg 18 60322 Frankfurt/Main Deutschland Telefon: +49 69 719 12 80 119 Fax: +49 69 719 12 80 115 E-Mail: info@african-development.com Internet: www.african-development.com ISIN: DE000A1E8NW9 WKN: A1E8NW Börsen: Freiverkehr in Berlin, Düsseldorf; Frankfurt in Open Market (Entry Standard) Ende der Mitteilung DGAP News-Service --------------------------------------------------------------------- 276632 03.07.2014