DGAP-News

Gigaset continues realignment - Seite 2

important product announcements in its history. Gigaset Mobile Pte. Ltd.,
Singapore (Gigaset Mobile for short), a venture operated jointly by Goldin
and Gigaset, will present a portfolio of smartphones at IFA in September
2015. Gigaset AG and Gigaset Communications GmbH, which will provide
services and act as sales partners for Gigaset Mobile, will generate
additional income from these activities. By entering the smartphone market,
the Group will operate in a market that is many times larger than the
market served by the DECT phone business. The entry into this new business
segment has only been made possible by the strategic investor Goldin.
Thanks to Goldin, Gigaset now has access to a larger group and will be able
to push open doors in this new business segment.

In connection with the launch of the smartphone portfolio and the resulting
high marketing expenses, all of which are borne by the Gigaset Mobile joint
venture, the company announced the reorganization of its brand and domain
names in June. Under this agreement, brand and domain names totaling EUR35
million will be transferred to Goldin Brand, although the usage rights will
be retained permanently, free of charge, and largely exclusively by Gigaset
AG und Gigaset Communications GmbH for the Cordless Phones, Gigaset pro,
and Gigaset elements business segments. The brand will continue to be
managed on a joint basis in future. The company will invest the funds
raised on the basis of this agreement in further securing the company's
future. The first part of the transaction is expected to be completed in
the third quarter of 2015.

CEO Charles Fränkl comments on the results for the six-month period: "The
realignment of Gigaset is continuing unabated. The presentation of our
first smartphones at IFA and hence our entry into a market that is many
times larger than our existing core business, marks the next milestone."

CFO Kai Dorn commented as follows on the reorganization of the brand and
domain names: "The reorganization of the trademark and domain rights is a
very beneficial transaction for Gigaset. The EUR35 million we will receive
in cash is a very fair amount of additional income that will have no
negative impact of any kind on our day-to-day operations. This saves us
additional financing rounds to further secure the future of the company."

Overview of the figures for the second quarter of 2015:
- Consolidated revenue: EUR72.5 million (Q2/2014: EUR82.0 million)

- EBITDA: minus EUR7.1 million (Q2/2014: EUR10.0 million)

- Consolidated net income: minus EUR9.8 million (Q2/2014: EUR1.3 million)