DGAP-Adhoc

Asian Bamboo AG: A petition for insolvency proceedings will be filed

Asian Bamboo AG / Key word(s): Miscellaneous

28.05.2015 12:23

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.

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Asian Bamboo AG: A petition for insolvency proceedings will be filed

Hamburg, 28 May 2015 - Asian Bamboo AG ("Asian Bamboo", "the Company",
ISIN: DE000A0M6M79, ticker symbol: "5AB", ADR ticker symbol "ASIBY")
informs that the Management Board has decided to file a petition for
insolvency proceedings today with the local court of Hamburg, following a
decision of the local court of Hamburg to appoint a preliminary insolvency
administrator. The Management Board will continue to search for a solution
in the best interest of all stakeholders and wishes to emphasize that its
petition for insolvency proceedings - as well as the court's decision - is
no decision to liquidate the company but should rather open up more options
to facilitate a solution.

About Asian Bamboo AG:

Asian Bamboo currently owns long-term leasing rights for 36 bamboo
plantations with a total size of 48,123 hectares (ha).

Since 16 November 2007, Asian Bamboo has been listed on the Prime Standard
of the Frankfurt Stock Exchange under the ticker symbol "5AB". In addition,
the stock is traded as an ADR under the ticker symbol "ASIBY". The
Company's financial statements are audited by Deloitte and its registered
office is located in Hamburg, Germany.

Disclaimer:

This release is for information only and does not constitute an offer to
sell, purchase, exchange or transfer any securities or a solicitation of
any such offer in the United States or any other jurisdiction. The
securities referred to herein have not been and will not be registered
under the U.S. Securities Act of 1933, as amended (the 'Securities Act')
and may not be offered or sold in the United States absent registration or
an exemption from registration under the Securities Act. Neither Asian
Bamboo AG ("Asian Bamboo") nor any other participant in the transactions
described herein intends to register any securities under the Securities
Act or with any securities regulatory authority of any state or other
jurisdiction in the United States in connection with the proposals
described in this announcement. The shares may not be offered to the public
in any jurisdiction in circumstances which would require the preparation or