EANS-Adhoc

Amendment of a previously released ad-hoc announcement / Cubic (London) Limited: Anticipated Mandatory Offer for all outstanding shares in C-QUADRAT Investment AG (ISIN: AT0000613005): Withdrawal of request to Financial Market Authority to ap

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Update to a Disclosed inside Information pursuant to article 17 Market Abuse
Regulation (MAR) transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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Mergers - Acquisitions - Takeovers
20.09.2016

Vienna/Frankfurt, 20.09.2016: C-QUADRAT Investment AG (ISIN:
AT0000613005) announces that it has been informed of the following
facts:

On 15.01.2016 Cubic (London) Limited ("Cubic") which is owned in
equal parts by San Gabriel Privatstiftung and T.R. Privatstiftung
announced (i) that it had entered into a conditional share purchase
agreement regarding a total of 1.095.162 non-par value bearer shares
of C-QUADRAT Investment AG ("C-QUADRAT" or "Target Company"),
corresponding to 25,1% of the Target Company's issued share capital
and (ii) its intention to launch an anticipated mandatory takeover
offer ("MTO") pursuant to Sec 22 et seq ÜbG (Transaction I). The
acquisition of the respective shares and the MTO have been subject to
the regulatory approvals by competent authorities. Approval was
obtained in June 2016.

On 10.03.2016 Cubic entered into additional share purchase agreements
with C-QUADRAT's core shareholders regarding a total of 2.856.344
non-par value bearer shares (65,46%) of C-QUADRAT (Transaction II).
All agreements have been subject to the regulatory approvals by
competent authorities. With effectiveness of these agreements Cubic
would have held more than 90% in the Target Company and would have
intended to launch a squeeze out proceeding following the MTO.

Cubic and C-QUADRAT's core shareholders decided not to proceed with
Transaction II. Only Transaction I will be completed. For the time
being, a subsequent squeeze out proceeding in C-QUADRAT will not be
initiated because the legal requirements have not been fulfilled.

The MTO can still be accepted until and including 12.10.2016. The
offer price remains unchanged at EUR 60 per C-QUADRAT share.

The offer document includes the precise terms and periods regarding
the acceptance of the anticipated mandatory offer and is available
online on the websites of the Target Company (www.c-quadrat.com) and
the Austrian Takeover Commission (www.takeover.at).

original announcement: ----------------------------------------------
---------------------------------- EANS-Adhoc: Amendment of a
previously released ad-hoc announcement / C-QUADRAT Investment AG /
Cubic (London) Limited: Anticipated Mandatory Offer for all