DGAP-Adhoc

Novavisions AG - Notice of the conversion of GDRs into shares

Novavisions AG  / Key word(s): Miscellaneous

13.11.2012 18:36

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Novavisions AG - Notice of the conversion of GDRs into shares

Rotkreuz (Switzerland), 13 November 2012 - In order to restructure the
capital, the annual shareholders meeting of 29 May 2012 of Novavisions AG
approved the proposals of the Board of Directors to reduce the share
capital from CHF 8,427,114.50 to CHF 1,203,873.50 by reducing the nominal
value from CHF 3.50 to CHF 0.60 per bearer share and a share split at a
ratio of 1:10 i.e. for one bearer share of CHF 0.50 ten bearer shares with
a nominal value of CHF 0.05 will be created. The company´s share capital of
CHF 8,427,114.50 divided into 2,407,747 bearer shares with a nominal value
of CHF 3.50 per share amounts after these measures to CHF 1,203,874.50
divided into 24,077,470 bearer shares (´shares´) having a nominal value of
CHF 0.05 per share.

The reduction of the nominal value and the stock split were entered into
the commercial register of the Canton Zug on June 26, 2012 and therefore
the measures are effective. The collective custody GDRs (ISIN DE0006572217
/ WKN 657221) have been listed and delivered in 1/10 fractional shares
since the introduction in 2001, i.e. 10 GDRs securitized 1 original share
(ISIN CH0012192198 / WKN 657220). With the now completed and legally valid
stock split of the original Swiss shares the number of shares and the
number of the traded GDRs on the Frankfurt Stock Exchange are now equal.

On November 14, 2012 after the market closes the 24,077,470 GDRs held in
collective custody by the custodian banks and Clearstream Banking AG,
Frankfurt am Main, will be converted to original Swiss shares at a ratio of
1:1. For each GDR with a nominal value of CHF 0.05 (ISIN DE0006572217 / WKN
657221), the shareholders of the company get one Swiss share with a nominal
value of CHF 0.05 (ISIN CH0012192198 / WKN 657220).

Since the right of the shareholders on individual certificates for their
shares is excluded by the company´s bylaws, the newly announced share
capital is represented by a global certificate filed with SIX SIS AG,
Zurich in the favor of Clearstream Banking AG, Frankfurt am Main. The
shares are available to the shareholders through collective securities
account credits.

At German depository banks, the conversion of the GRDs into shares is free
of commission and expenses for the shareholders of Novavisions AG.

As of November 15, 2012 the price quotation of the 24,077,470 shares (ISIN
CH0012192198 / WKN 657220) will start at the General Standard of the
Frankfurt Stock Exchange as well as at the stock exchanges of Dusseldorf,
Munich, Stuttgart and Berlin. At the same time the price quotation of the
GDRs will be stopped.

Contact:

Novavisions AG
Claudia Schumacher
Grundstraße 12
CH-6343 Rotkreuz
Tel.: [phone]
Fax: [phone]
E-Mail: [e-mail]
www.novavisions.com

13.11.2012 DGAP´s 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:      Novavisions AG
              Grundstrasse 12
              CH-6343 Rotkreuz
              Switzerland
Phone:        [phone]
Fax:          [phone]
E-mail:       [e-mail]
Internet:     www.novavisions.com
ISIN:         DE0006572217
WKN:          657221
Listed:       Regulierter Markt in Frankfurt (General Standard);
              Freiverkehr in Berlin, Düsseldorf, München, Stuttgart

End of Announcement                             DGAP News-Service

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