SINGULUS TECHNOLOGIES : publishes invitation to next bondholder meeting on 15 February 2016 Corporate bond of SINGULUS TECHNOLOGIES AG (ISIN: DE000A1MASJ4 / WKN: A1MASJ)

SINGULUS TECHNOLOGIES publishes invitation to next bondholder meeting on 15 February 2016 
Corporate bond of SINGULUS TECHNOLOGIES AG (ISIN: DE000A1MASJ4 / WKN: A1MASJ)

• Meeting to take place on 15 February 2016 at 11:00 am at the HILTON FRANKFURT hotel
• Registration required by no later than 12 February 2016
• Decisive vote on restructuring proposal: exchanging of bonds for rights to acquire new shares and new collateralized bonds
• Prime Capital Debt SCS SICAF - SIF again upholds amendment request for the second bondholder meeting
• Management Board and joint representative support the amendment request

Kahl am Main, 22 January 2016 - SINGULUS TECHNOLOGIES AG invites the creditors of the EUR 60,000,000.00 7.75 % bearer partial debentures 2012 / 2017 to a second bondholder meeting in Frankfurt am Main. The meeting will take place on 15 February 2016 at 11:00 am (CET) at the HILTON FRANKFURT am Main hotel, Hochstrasse 4, 60313 Frankfurt am Main.

The concept for the restructuring of the outstanding corporate bond will be put to the vote. This restructuring concept, which was first structurally agreed with the joint representative elected by the bondholders last year, essentially envisages that the bondholders exchange their respective bonds for acquisition rights. These acquisition rights entitle the bondholders to acquire a specific number of shares in SINGULUS TECHNOLOGIES AG as well as a specific number of partial debentures from a collateralized bond to be newly issued by the company.

The first bondholder meeting of SINGULUS TECHNOLOGIES AG on 18 January 2016 was not quorate because the required quorum of 50 % of the outstanding bonds (Section 15 (3) first sentence of 1 the German Bond Act (SchVG)) was not achieved. The Management Board anticipates that it will be possible to achieve the quorum of 25% of the outstanding bonds required at the second bondholder meeting, which is now to follow on 15 February 2016.

Before the first bondholder meeting the bondholder Prime Capital Debt SCS SICAF - SIF (Prime Capital) had already submitted an amendment request to the company, as published on 15 January 2016 in the Federal Gazette. On the basis of this amendment request the new agenda items 11, 12 and 13 were added to the agenda for the bondholder meeting on 18 January 2016. Prime Capital has declared to the company the intention to assert this amendment request for the second bondholder meeting. The resolution proposals of Prime Capital on the agenda items 11 to 13 represent an alternative to the resolution proposals of the company on agenda items 3, 8 and 9. They only differ from the latter in respect of the features of the terms of the collateralized bond to be newly issued by the company. The proposed changes of the amendment request essentially concern the features of the interest payment, the mutual termination rights, the collateralisation and ongoing reporting by the company.

Following consultation with the joint representative the Management Board has decided to support the amendment request and therefore asks the bondholders to vote in favour of the resolution proposals of Prime Capital at the bondholder meeting. The Management Board believes that the proposed changes to the terms of the bond do not endanger the company's restructuring prospects when implementing the restructuring measures envisaged. The external neutral expert has moreover confirmed this. The Management Board furthermore anticipates that the proposed amendments will meet with greater acceptance among the bondholders, because the economic position of the creditors is further improved.

During the bondholder meeting that is now to follow, the Managing Director of SINGULUS TECHNOLOGIES AG will give a progress report on business development and present the restructuring concept as well as the provisional key financial figures for the 2015 financial year.

The restructuring of the corporate bond is a key condition of restructuring the company's balance sheet. Without this restructuring, as matters stand SINGULUS TECHNOLOGIES AG will not be in a position to achieve balance sheet reconstruction or assure adequate liquidity in the future. The Management Board board currently believes that the implementation of these measures accompanied by the approval of the bondholders and shareholders is therefore the only viable course for the company to avert the threat of insolvency.

The company has in addition convened an Extraordinary General Meeting of the company for Tuesday, 16 February 2016 at 10:30 am at the HILTON Frankfurt hotel, Hochstrasse 4, 60313 Frankfurt am Main. The agenda for this Extraordinary General Meeting includes the resolution on the capital measures needed for restructuring.

If the restructuring concept is rejected, SINGULUS TECHNOLOGIES AG will face the threat of insolvency. The Management Board has therefore appointed a renowned, independent firm of auditors to carry out an indicative calculation of the insolvency dividend. In the event of insolvency, bondholders would currently receive only around 20 % of the nominal amount of the bonds that they currently hold for their unsecured receivables. In voting for the restructuring concept being presented, bondholders will therefore improve their economic position because instead of this recovery rate of 20 %, new collateralized bonds for this volume with a term of five years will be offered, and the new shares will moreover offer the possibility of participating in an increase in the value of the company.

The Management Board of SINGULUS TECHNOLOGIES AG requests all bondholders to participate in the second bondholder meeting on 15 February 2016 and to be sure to exercise their voting right. There is also the possibility of appointing a representative or alternatively of authorizing a proxy representative of SINGULUS TECHNOLOGIES AG. Standard forms can be found on the homepage at www.singulus.de under the heading 'Credit Relations', in the section 'Second Bondholder Meeting 15 February 2016'.
Registration by no later than the end of 12 February 2016 is required in order to participate.

The invitation was published in the Federal Gazette on 22 January 2016 and can be accessed on the homepage at www.singulus.de under the heading 'Credit Relations', in the section 'Second Bondholder Meeting 15 February 2016'.


Profile SINGULUS TECHNOLOGIES:
SINGULUS TECHNOLOGIES develops technologies for economical and resource-efficient production processes. The application areas include vacuum thin-film and plasma coating for wet-chemical processes as well as thermal process technologies.
For all processes and applications SINGULUS TECHNOLOGIES utilizes its know-how in the areas of automation and process technology in order to develop additional, attractive work areas with innovative products next to the existing application areas of Solar, Semiconductors and Optical Disc.

SINGULUS TECHNOLOGIES AG, Hanauer Landstrasse 103, D-63796 Kahl/Main, ISIN: DE0007238909, WKN: 723890