Sangerhausen, 18 September 2014 - The Supervisory Board of MIFA Mitteldeutsche Fahrradwerke AG (WKN A0B95Y, ISIN DE000A0B95Y8, "MIFA") has appointed business and industry expert Thomas Mayer (56) to be a member of MIFA's Management Board as well as its CEO for a three-year period with effect as of 1 October 2014. Mr. Mayer's future Management Board responsibilities comprise the areas of strategy, sales and marketing, finance and controlling, legal, IT and human resources, and public relations. In addition, MIFA's Supervisory Board has today recalled former CEO Hans-Peter Barth from office with immediate effect.

MIFA also announces that the documents published on 17 September relating to the annual financial statements and management report of MIFA Mitteldeutsche Fahrradwerke AG for the 2013 financial year are not subject to modification. Instead, these comprise finalised figures. The annual financial statements have been prepared. The auditor has not yet concluded the audit, but will do so shortly. In addition, the Management and Supervisory boards have passed a resolution to pass the approval of the annual financial statements for the 2013 financial year over to the Shareholders' General Meeting, particularly since this meeting is also to pass resolutions concerning important elements of the planned financial restructuring.

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