DGAP-Adhoc 354 0 Kommentare DF Deutsche Forfait AG: Write-down against restructuring portfolio

DGAP-Ad-hoc: DF Deutsche Forfait AG / Key word(s): Legal Matter

DF Deutsche Forfait AG: Write-down against restructuring portfolio

17-Jan-2017 / 13:36 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

DF Deutsche Forfait AG: Write-down against restructuring portfolio

- Reduced value of a receivable available to pay off insolvency creditors

- No direct implications on Group P/L

Cologne, 17 January 2017 - DF Deutsche Forfait AG (ISIN share:
DE000A2AA204, ISIN bond: DE000A1R1CC4) has to write down a claim included
in the "Restructuring Portfolio" presented in the insolvency plan dated 29
April 2016 by approximately EUR 4.9 million.

As confirmed by the company's legal advisors today, DF Deutsche Forfait
Group has lost the last instance court case against a member of the family
behind the debtor, a Dubai-based trading company; the court denied DF
Deutsche Forfait AG's attempt to collect the claim under a personal
guarantee originally extended by said individual. The underlying receivable
was carried in the portfolio based on a valuation of approximately EUR 4.9
million. It will now have to be written down in total, as the collection of
the outstanding amounts are possible only at the level of the trading
company's individual subsidiaries, which are not solvent, based on current
information. Consequently, the assets available to pay off insolvency
creditors will be reduced significantly. The entire restructuring portfolio
was originally valued at EUR 27.5 million for purposes of the insolvency
plan dated 29 April 2016.

The write-down will not directly impact DF Deutsche Forfait AG's Group P/L;
it will merely reduce the value of the restructuring portfolio set aside to
pay off the insolvency creditors. An indirect effect on the Group result
may occur if the realisation of the entire restructuring portfolio should
fail to generate at least EUR 24 million. In this case, the company may be
obliged to make a payment of up to EUR 0.8 million to its insolvency
creditors, depending on the actual amount generated by the realisation of
the restructuring portfolio.

DF Deutsche Forfait AG

Investor Relations

Karolin Bistrovic

Hirtenweg 14

82031 Grünwald

T +49 89 21551900-0

F +49 89 21551900-9

E investor.relations@dfag.de

http://www.dfag.de

17-Jan-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:	English
Company:	DF Deutsche Forfait AG
	Hirtenweg 14
	82031 Grünwald
	Germany
Phone:	+49 89 21551900-0
Fax:	+49 89 21551900-9
E-mail:	dfag@dfag.de
Internet:	www.dfag.de
ISIN:	DE000A2AA204, DE000A1R1CC4,
WKN:	A2AA20, A1R1CC
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange