EANS-Adhoc

Amendment of a previously released ad-hoc announcement / C-QUADRAT Investment AG / Cubic (London) Limited: Anticipated Mandatory Offer for all outstanding shares in C-QUADRAT Investment AG (ISIN: AT0000613005): Fulfillment of condition preced - Seite 3

offer as they contain or will contain important information.

The offer will be made exclusively under the laws of Austria,
especially under the Austrian Takeover Act. The offer will not be
executed according to the provisions of jurisdictions other than
those of Austria. Thus, no other announcements, registrations,
admissions or approvals of the offer outside of Austria have been
filed, arranged for or granted. Holders of C-QUADRAT shares cannot
rely on having recourse to provisions for the protection of investors
in any jurisdiction other than such provisions of Austria.

To the extent permissible under applicable law or regulation, and in
accordance with Austrian market practice, the Bidder may purchase, or
conclude agreements to purchase, C-QUADRAT shares, directly or
indirectly, outside of the scope of the public takeover offer,
before, during or after the acceptance or any additional acceptance
period. These purchases may be completed via the stock exchange at
market prices or outside the stock exchange at negotiated conditions.
Any information on such purchases will be immediately disclosed as
required by law or regulation in Austria.

Previously released announcement euro adhoc --
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--------- EANS-Adhoc: C-QUADRAT Investment AG / Cubic (London)
Limited announces anticipated mandatory offer for all outstanding
shares in C-QUADRAT Investment AG (ISIN: AT0000613005)

Mergers - Acquisitions - Takeovers
15.01.2016

Vienna/Frankfurt, 15.01.2016: Today, C-QUADRAT Investment AG (ISIN:
AT0000613005) announces that it has been informed of the following
facts:

Cubic (London) Limited ("Bidder" or "Cubic") which is owned in equal
parts by San Gabriel Privatstiftung, currently holding approximately
15,68% in C-QUADRAT Investment AG, and T.R. Privatstiftung, currently
holding approximately 19,58% in C-QUADRAT Investment AG, has entered
into a conditional share purchase agreement with Talanx Asset Managementgement GmbH 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.
The purchase price per share amounts to EUR 42. The share purchase
agreement is subject to the regulatory approvals by competent
authorities in Germany, UK and Austria.

With effectiveness of the share purchase agreement the Bidder
together with both private trusts will hold more than 50% in the