DGAP-News: Steilmann SE

DGAP-News: Steilmann SE: Insolvency of corporate group companies of Steilmann Holding AG

DGAP-News: Steilmann SE / Key word(s): Insolvency Steilmann SE: Insolvency of corporate group companies of Steilmann Holding AG

05.04.2016 / 16:23 The issuer is solely responsible for the content of this announcement.

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Notice pursuant to § 19 para. 1(c) of the General Terms and Conditions of the Regulated Unofficial Market (Freiverkehr) on Frankfurter Wertpapierbörse

Insolvency of corporate group companies of Steilmann Holding AG

Bergkamen, 5 April 2016 - The management board of Steilmann SE (ISIN DE000A14KR50) provides notice with respect to the 6.75 % 2012-2017 bond issued by it (ISIN DE000A1PGWZ2) - and having regard to corporate group companies of Steilmann Holding AG - as follows:

IDS Idea Development Solution GmbH, Kettenbach GmbH Herstellung und Vertrieb von Designerstrümpfen and MR Hometextile GmbH, each of which is a wholly-owned subsidiary of Steilmann Holding AG, as well as Hermann van Dillen Asiatex GmbH, a wholly-owned subsidiary of MR Hometextile GmbH, and Jansen Textile GmbH, a wholly-owned subsidiary of Kettenbach GmbH Herstellung und Vertrieb von Designerstrümpfen, will immediately file for insolvency on grounds of illiquidity with the respective local courts having jurisdiction over these.

The management board of Steilmann Holding AG has provided notice that - having regard to this background, in particular corresponding necessary valuation adjustments - it assesses that Steilmann Holding AG is over-indebted.

Steilmann SE The Management Board

Press contact: Frank Elsner Frank Elsner Kommunikation für Unternehmen GmbH Tel.: +49 - (0) 54 04 - 91 92 0 Mail: frank.elsner@elsner-kommunikation.de

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05.04.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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

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Language: English Company: Steilmann SE Industriestraße 42 59192 Bergkamen Germany Phone: +49 (0)23 89 783-0 Fax: +49 (0)23 89 783-112 E-mail: info@steilmann-se.com Internet: www.steilmann-se.com ISIN: DE000A14KR50, DE000A1PGWZ2, DE000A14J4G3, DE000A12UAE0 WKN: A14KR5, A1PGWZ, A14J4G, A12UAE Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service ---------------------------------------------------------------------------

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