Derby Cycle AG : Submission of a Squeeze-Out request by Pon Holding Germany GmbH

Ad-hoc-Announcement

Derby Cycle AG: Submission of a Squeeze-Out request by Pon Holding Germany GmbH

29.05.2012

Cloppenburg - In accordance with § 327a of the German Stock Corporation Act (Aktiengesetz), Pon Holding Germany GmbH informed the Management Board of Derby Cycle AG today that as of today it holds more than 95% of the share capital of Derby Cycle AG and requests that the company's shareholders meeting shall resolve upon the shares of the minority shareholders being transferred to Pon Holding Germany GmbH in return for payment of an appropriate cash compensation.

Further information:

ISIN: DE000A1H6HN1German Security Code Number (WKN): A1H6HNExchange: Regulated Market (Prime Standard), Frankfurt

Derby Cycle AG Siemensstrasse 1-3 49661 Cloppenburg, Germany

< End of ad hoc announcement >

About Derby Cycle:

Derby Cycle is Germany's largest bicycle manufacturer in terms of revenues, and one of the leading manufacturers in Europe. In particular, global demand growth for high-quality electric and sports bicycles, as well as the company's advancing internationalisation in all European volume markets, are reflected in the company's dynamic growth. Derby Cycle's product range comprises electric bicycles, sports bicycles for leisure and competition purposes, as well as comfort bikes for everyday and travel use. These bicycles are sold through the established Kalkhoff, FOCUS, Raleigh, Univega and Rixe brands. All models are developed and assembled at the company's base in Cloppenburg, Germany. These high-quality products are distributed through specialist retailers who provide their customers with professional advice and extensive service.

With around 614 employees, Derby Cycle achieved revenue of EUR 235.5 million in the fiscal year 2010/2011, 66.9% of which was generated in Germany, and 33.1% abroad. Earnings before interest and tax (EBIT) amounted to approximately EUR 19.6 million. Derby Cycle sold a total of around 482,000 bicycles, of which 87,000 comprised e-bikes. The company forecasts revenues of EUR 250 million to 270 million, and an EBIT margin of 8 to 9% (2010/11: 8.3%) for the 2011/12 fiscal year that ends on September 30, 2012.