DGAP-News

PETROTEC AG: Statement of the Management Board and the Supervisory Board on the Takeover Offer

DGAP-News: PETROTEC AG / Key word(s): Statement
PETROTEC AG: Statement of the Management Board and the Supervisory
Board on the Takeover Offer

26.01.2015 / 17:10

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Petrotec AG
Corporate News

Petrotec AG: Statement of the Management Board and the Supervisory Board on
the Takeover Offer

The Management Board and the Supervisory Board of PETROTEC AG make the
following statement on the Takeover Offer published on 19 January 2015 by
REG European Holding B.V., Amsterdam Shiphol, Netherlands:

In light of the expected consequences of the Takeover Offer on PETROTEC AG,
its future business activities and strategies, its employees and their
respective terms and conditions of employment as well as its business
locations, the Management Board and the Supervisory Board of PETROTEC AG
asses the Takeover Offer as positive and support it from a business
perspective.

The Management Board and the Supervisory Board of PETROTEC AG further
consider the offer price as adequate, taking the fairness opinion of
Equinet Bank Aktiengesellschaft and the valuation methods and
considerations as described in the reasoned opinion into account.
Therefore, the Management Board and the Supervisory Board of PETROTEC AG
recommend to the shareholders to accept the Takeover Offer.

The entire reasoned opinion of the Management Board and the Supervisory
Board of Petrotec AG was published today and can be found here:
http://www.petrotec.de/core/cms/upload/pdf/REG-Uebernahmeangebot.pdf.
Please note that we will only publish a German version of the reasoned
opinion.

Disclaimer

This corporate news contains forward looking statements, which are based on
assumptions and estimates of the management of Petrotec AG. Although
Petrotec management believes that these assumptions and estimates are
correct, actual future developments and results can deviate substantially
from these assumptions and estimates due to many factors. These factors can
include alteration of the economic situation, legal and regulatory
constraints in Germany and the EU, and changes in Petrotec's general
business and competitive environment. Petrotec assumes no liability and
provides no warranty that future developments and actual future results
will conform with the assumptions and estimates expressed in this corporate
news.

About Petrotec

Petrotec AG, Germany, is the largest European producer of waste-derived
biodiesel, mainly based on used cooking oil. The Company owns an overall
nominal production capacity of 185,000 tons per year at two locations in