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Biotest AG: Search at Biotest - company rejects allegations

DGAP-News: Biotest AG / Key word(s): Legal Matter
Biotest AG: Search at Biotest - company rejects allegations

15.10.2014 / 17:09

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PRESS RELEASE

Search at Biotest - company rejects allegations

- Accusations absolutely incomprehensible for Biotest AG

- Proposal for clarification not accepted by public prosecutor

Dreieich, October 15, 2014. The Frankfurt Public Prosecution Office has
once again executed a search at Biotest AG, Dreieich. The search is
apparently based on the extension of the public prosecutions' investigation
into the company's business with Russia, which the public prosecutors have
been investigating since 2011 and which led to a search on May 8, 2012 (see
ad hoc notification from Biotest AG of May 8, 2012).

Accusations absolutely incomprehensible for Biotest AG

The same defendants are now being accused of breach of trust, bribery and
related tax evasion in the markets Poland, Czech Republic, Slovakia,
ex-Yugoslavia and Kazakhstan. As with the business with Russia, Biotest AG
strongly rejects the allegations. Internal investigations by Biotest AG
have confirmed that the compensation for external service providers, as
well as the product prices, were absolutely typical for the market - both
in comparison with competitors as well as in an international comparison.
The allegation of breach of trust, bribery and tax evasion is thus
absolutely incomprehensible for Biotest AG.

Proposal for clarification not accepted by public prosecutor

Biotest AG will support the Public Prosecution Office actively in the
clarification of the case. Biotest has made available to the public
prosecution numerous documents that clarifies its business with Russia.
However, Biotest must also acknowledge that multiple offers by the
defendants to personally contribute to clarification and to explain the
business processes in order to eliminate any misunderstandings have not
been accepted to date.

Disclaimer

This document contains forward-looking statements on overall economic
development as well as on the business, earnings, financial and assets
position of Biotest AG and its subsidiaries. These statements are based on
current plans, estimates, forecasts and expectations of the company and are
thus subject to risks and elements of uncertainty that could result in
significant deviation of actual developments from expected developments.
The forward-looking statements are only valid at the time of publication.
Biotest does not intend to update the forward-looking statements and
assumes no obligation to do so.