Press Release


Bernhard Krause
Singulus Technologies AG
Hanauer Landstrasse 103, 63796 Kahl am Main, Germany
Tel.:     +49 (0) 1709202924
Fax:     +49 (0) 61 88 - 4 40 - 1110
SINGULUS TECHNOLOGIES Withdraws Forecasts for the Business Years 2016 and 2017
June 01, 2016

Kahl am Main, June 01, 2016 - The SINGULUS TECHNOLOGIES AG (SINGULUS TECHNOLOGIES) withdraws the currently prevailing forecasts for the business years 2016 and 2017 with immediate effect.

The reason is the order with a subsidiary of the Chinese state-owned enterprise China National Building Materials (CNBM) in excess of € 110 million for the delivery of production machines for CIGS solar modules, which was received a couple of days ago.

Generally, SINGULUS TECHNOLOGIES realizes sales in the Solar division according to the progress of project work. Accordingly, the amount of expected sales in the current business year strongly depends on the schedule of implementation on the announced order. From today’s point of view andcontrary to previous expectations, major parts of the sales and earnings realization will be delayed to after the turn of the year 2016 and into the business year 2017, because the contract has been signed later than it had been expected during preparing the forecast.

Therefore, the prevailing forecasts for the two business years 2016 and 2017 are thus most likely not attainable in their current form as of today’s perspective and is withdrawn with immediate effect by the company. The company will publish new forecasts for the business years 2016 and 2017, if applicable, when they are sufficiently certain.

The company will inform the public about the receipt of the prepayment for this major project. The contracts are thus still subject to the approval by the relevant boards of SINGULUS TECHNOLOGIES.

The further implementation of the ongoing restructuring measures will be realized as planned. The company will implement the planned capital reduction as approved by the extraordinary general meeting with a ratio of 160 : 1 for the shares of the SINGULUS TECHNOLOGIES Aktiengesellschaft (ISIN DE 0007238909/ WKN 723 890). The transition of the quotation of the shares will come into effect as of June 6, 2016.

As expected in the next week the implementation of the exchange in acquiring rights for new shares and a new bond will take place as part of a capital increase decided by the Bondholders Meeting of the SINGULUS bond. This means that the current shareholders after the capital increase will hold around 5% of the increased share capital.

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


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