DGAP-News

ORCO GERMANY S.A.: Announcement of Participation Results in EUR 36M Capital Raise

DGAP-News: ORCO Germany S.A. / Key word(s): Capital Increase
ORCO GERMANY S.A.: Announcement of Participation Results in EUR 36M
Capital Raise

09.04.2014 / 19:00

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ORCO GERMANY S.A.: Announcement of Participation Results in EUR 36M Capital
Raise

Prague, 9 April 2014. Following its press releases of 5, 14 and 21 March
2014 ORCO Germany S.A. ("OG") announces the participating results of the
36M capital raise.

Capitalized terms used in this press release shall have the same meaning as
those defined in the press release of 14 March 2014 "ORCO GERMANY S.A. -
Procedure to Participate in EUR 36M Capital Raise".

As of the expiry of deadline for receiving Orders (e.g. 17:00PM on 4 April
2014) OG received Orders from two Qualified Shareholders for the aggregate
subscription of 32,664,894 new shares for a total subscription price of EUR
15,352,500.18. The Qualified Shareholders are Alchemy Special
Opportunities Fund II LLP and Societe Generale.

Given that all Orders taken together represent fewer than 76,600,000
shares, the remaining number of shares to be subscribed in the New Tranche
(i.e. 43,935,106 shares) will be offered in a second subscription period to
the Qualified Shareholders in accordance with the timing of operations as
modified in the press release of 21 March 2014. The same allocation rules
and calculations as those applicable for the subscription of the 32,664,894
new shares by the two Qualified Shareholders and described in the press
release of 14 March 2014 will apply to such second subscription period. OG
reserves the right to issue less than 76,600,000 shares in the event that
not all shares of the New Tranche are subscribed. These new OG shares will
not be listed upon their issue, but OG will seek to list them, subject to
legal and regulatory requirements.

Timing of operations:

Opening of second subscription period to Qualified Shareholders: 11 April
2014 10:00 AM CET;

Closing of the second subscription period: 15 April 2014 17:00 PM CET;

Announcement of the second subscription period participation results: 16
April 2014 19:00 PM CET;

Subscription period for the New Tranche: 17 April 2014 -24 April 2014;

Issue of the New Shares: 30 April 2014.

Orders to participate in the second subscription period shall be sent by
Qualifying Shareholders to OG by post or electronic means so that they are
received by OG at the latest by 17:00 CET on 15 April 2014, to: Orco
Germany S.A., 40, rue de la Vallée, L-2661 Luxembourg, Grand-Duchy of
Luxembourg; Fax: + 352 26 47 67 67; email: [e-mail].