AD-HOC ANNOUNCEMENT PURSUANT TO SEC. 15 WPHG

26 June 2014
On 11 June 2014, Deutsche Steinzeug Cremer & Breuer AG (DSCB AG) announced its decision to implement a so-called delisting procedure and to apply for revocation of the admission of the shares in DSCB AG to trading on the regulated market (General Standard) of the Frankfurt stock exchange, on XETRA and on the regulated market of the Berlin stock exchange. On the same date, Steinzeug Invest GmbH, a newly incorporated special purpose vehicle whose sole shareholder is the chairman of the management board of DSCB AG, Mr. Dieter Schäfer, announced its decision to launch a voluntary public tender offer to DSCB AG's shareholders prior to the delisting becoming effective. This tender offer is supposed to ensure that the free float shareholders retain an option to sell their shares in DSCB AG in light of the envisaged delisting.

In this context, Steinzeug Invest GmbH has informed DSCB AG that the voluntary public tender offer is intended to be made as a cash offer at a price of EUR 0.32 per share.

In addition, the management board of DSCB AG has been provided with the report of a public accountant pursuant to which the earnings value of the shares in DSCB AG amounts to EUR 0.157 per share and thus to significantly less than the price offered in the voluntary public tender offer of Steinzeug Invest GmbH.

Upon publication of the voluntary public tender offer, the management board and the supervisory board of DSCB AG will comment on the offer in accordance with the applicable provisions of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz).

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