DGAP-Adhoc

Drillisch AG and Dixons Carphone PLC have signed a sale and purchase agreement on the acquisition of The Phone House Deutschland GmbH

Drillisch AG / Key word(s): Strategic Company Decision

15.04.2015 05:40

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

---------------------------------------------------------------------------

Drillisch AG and Dixons Carphone PLC have signed a sale and purchase
agreement on the acquisition of The Phone House Deutschland GmbH

Maintal, 15 April 2015 - Today, Drillisch AG (ISIN DE 0005545503) and a
subsidiary of Dixons Carphone PLC (ISIN GB 00B4Y7R145) have entered into a
sale and purchase agreement regarding all shares of The Phone House
Deutschland GmbH ("The Phone House"). The transaction is anticipated to
take place by the end of May at the latest.

With operator services for more than 1 million subscribers per year and a
group turnover of - according to recent figures - about EUR 350 million
p.a., The Phone House is one of the largest distributors in Germany with
regard to mobile and fixed network contracts as well as mobile and other
telecommunication devices. Moreover, The Phone House sells all relevant
equipment and provides telecommunication and other services.

Furthermore, The Phone House has many years of experience in the field of
shop-based sales, has excellent access to independent specialized trade and
has all necessary technical qualifications in order to provide extensive
advice to partner shops as well as own shops, including hardware supply.
With this acquisition, Drillisch AG completes the establishment of its new
area-wide "offline" trade channel.

The purchase price has two components. The first component, which is due at
closing, is foreseen to be paid in the form of new Drillisch shares and is
expected to represent circa 3% of the outstanding shares of Drillisch AG at
closing. The second component consists of future excess cash flows of The
Phone House.

The consideration for the first purchase price component shall be realised
by utilisation of the authorised capital with exclusion of the subscription
rights of the shareholders (capital increase in kind). The new shares will
be subject to a standard lock-up period.

Drillisch and Dixons Carphone are looking forward to meaningful
opportunities to cooperate in fields such as, among others, mobile device
insurance and hardware supply, which shall be profitably implemented to the
benefit of both parties.

Drillisch AG
The Management Board


15.04.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------

Language: English
Company: Drillisch AG
Wilhelm-Röntgen-Straße 1-5
63477 Maintal
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.drillisch.de
ISIN: DE0005545503
WKN: 554550
Indices: TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart

End of Announcement DGAP News-Service

---------------------------------------------------------------------------