DGAP-Adhoc

Hansa Group AG: Ordering of an audit by the BaFin pursuant to section 37p (1) Sentence 2 No. 1 of the WpHG in conjunction with section 37o (1) of the WpHG

Hansa Group AG / Key word(s): Miscellaneous

04.03.2015 16:58

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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Genthin, March 4, 2015 - The Federal Financial Supervisory Authority
(BaFin) has, pursuant to section 37p (1) Sentence 2 No. 1 of the WpHG in
conjunction with section 37o (1) of the WpHG, ordered an audit of the
company's annual and consolidated financial statements as of December 31,
2012 as well as the company's management report and Group management report
for fiscal year 2012.

According to information provided by the BaFin, this audit has been ordered
as the Financial Reporting Enforcement Panel (FREP) concluded in the wake
of its (random) audit, conducted pursuant to section 342b (2) Sentence 3
No. 3 of the German Commercial Code (HGB), that the following aspects of
the company's accounting are flawed and the company does not agree with
these findings. The FREP noted that the annual and consolidated financial
statements as of December 31, 2012 and the management report and Group
management report for fiscal year 2012 did not appropriately assess and
explain material liquidity risks, that the impairment of the goodwill of
Luhns GmbH as of December 31, 2012 should have been recognized in full, and
that the capitalization of a claim for damage needs to be qualified as a
contingent liability in the consolidated financial statements.

The FREP's identification of errors in the accounting does not initially
have any legal significance nor is it legally binding. As the company does
not agree with the FREP's finding of errors, the BaFin's only option is to
commence its own audit of the company's accounting, which the BaFin has now
done.

The company was not, at the time the reports were prepared, of the opinion
that its ac-counting was flawed and still maintains this view; the company
will explain its position in detail during the audit that has now been
commenced by the BaFin.

The Management Board


04.03.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: Hansa Group AG
Fritz-Henkel-Str. 8
39307 Genthin
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.hansagroup.de
ISIN: DE0007608606
WKN: 760860
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart

End of Announcement DGAP News-Service

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