EQS-Adhoc: Accu Holding AG: Capital increase; FY 2015 and outlook 2016

EQS Group-Ad-hoc: Accu Holding AG / Key word(s): Capital Increase/Final Results Accu Holding AG: Capital increase; FY 2015 and outlook 2016

2016-03-15 / 07:00 Release of an ad hoc announcement pursuant to Art. 53 KR. The issuer is solely responsible for the content of this announcement.

NOT FOR DISTRIBUTION IN THE UNITED STATES, UNITED KINGDOM OR THE EUROPEAN ECONOMIC AREA

Accu Holding strengthens the balance sheet, confirms guidance 2015 and gives outlook 2016

- Planed capital increase to strengthen the balance sheet and reduce liabilities

- Preliminary numbers 2015: Sales increase to CHF 156m from CHF 132.9m

- Increase of EBITDA and net income versus previous year

- Guidance 2016: Continued positive operational performance

- Secondary listing of Accu shares on the Frankfort stock exchange, Germany

Emmenbrücke, March 15, 2016 - Accu Holding AG (Accu), a leading company in the field of industrial yarns and surface technology, intends to strengthen its equity base via an ordinary capital increase. As published, the company will therefore hold an extraordinary general assembly on the 16th of March 2016. The ordinary capital increase comprises debt-to-equity conversion of CHF 5.4 million which would free the Accu Group from interest bearing third party liabilities on holding level.

Proposals to the general assembly

The board of directors have decided to table a proposal to increase shareholders' equity by a maximum number of 1'309'307 new shares at a subscription price of CHF 11.50 per share. Preserving the pre-emptive rights of existing shareholder who can subscribe for one new share for every two shares held. Shares which are not purchased shall be placed with strategic investors and possibly be allocate at a higher price. The subscription rights will not be traded.

Indicative agenda of the capital increase

- 18.3.2016 Beginning of the subscription period

- 31.3.2016 End of the subscription period

- 13.4.2016 Completion of ordinary capital increase

- 14.4.2016 First trading day

- 15.4.2016 Payment and delivery of the new shares

Considerable improvement of the preliminary operating results 2015

According to the preliminary results of the fiscal year 2015 for Accu Group, like-for-like turnover reaches CHF 167 million. After deducting all one-off effects of a total of CHF 11 million, consolidated un-audited sales are expected to reach CHF 156 million (2014: CHF 192.9m) and match the numbers published on January 6th, 2016. The one-off special factors are related to the depreciation of the Euro, the devaluation of crude oil price for Nexis (industrial yarns) and the modification in accounting for the change to toll manufacturing at RCT Hydraulic Tooling AG (surface technology). Despite the special factors, margins or operating profits remained unaffected. After reviewing the un-audited preliminary numbers, the guidance for 2015 of EBITDA CHF 12 million and net income of CHF 3 million can be confirmed. This excludes a potential positive one-time effect attributable to the implementation of a POC accounting method for project based revenues within the Cieffe Group.

Outlook 2016

Accu Group has started the year with an encouraging order backlog and order intake in both divisions (industrial yarns and surface technology). Management is confident to surpass consolidated turnover of CHF 150 million. Nexis Group expects to contribute roughly CHF 100 million which corresponds to an increase of 1% compared to 2015. For the industrial machinery and plant engineering, Cieffe Group sales should exceed CHF 40 million whereas RCT Group is budgeting to report a figure of approximately CHF 10 million. Compared to previous year the figures from RCT for 2016 are -45% lower caused by a shift to toll manufacturing by a key client.

Adjusted for acquisitions, total turnover of Accu should increase further. The group expects to consolidate additional sales of CHF 14 million and EBITDA of more than CHF 3 million, generated by the integration of 7 heat- and surface technology companies (press release dated February 8th, 2016). Overall, Accu Holding AG targets a combined turnover of CHF 165 million with an EBITDA of CHF 15 million and a net income of CHF 5 million for the fiscal year 2016.

Secondary listing in Frankfort (DE)

To address the further internationalisation of Accu Holding AG the company applied, in addition to to the listing on the Swiss stock exchange SIX in Zurich, for a secondary listing on the Frankfort stock exchange. The shares of Accu are registered since 9th of March 2016 under the ticker "ACUN" and the corresponding ISIN CH0001366332 on the open market, Segment Quotation Board. Both, ticker and ISIN in Frankfort, are identical to the ones used on the Swiss stock exchange.

Contact:

Andreas Kratzer Accu Holding AG Gerliswilstrasse 17 6020 Emmenbrücke a.kratzer@accuholding.ch Telefon +41 44 318 88 00

Media contact for Germany

Edicto GmbH Dr. Sönke Knop/Elke Pfeifer Eschersheimer Landstraße 42 60322 Frankfurt am Main Tel.: +49 69 905 505 51 E-Mail: sknop@edicto.de

Accu Holding AG - Company Profile The Accu Holding AG is listed on the SIX Swiss Exchange with its headquarter in Emmenbrücke/Lucerne. It focuses on the two business areas 'Industrial Yarns' and 'Surface Technology' and investing in leading technology companies that operate in attractive market niches in Europe, Asia and America. Industrial yarns encompasses the development and manufacturing of yarns based on polymer and polyamide. These yarns are used in applications such as mechanical rubber goods (MRG) such as conveyor belts, hoses and transmission belts, as well as for the production of ropes and nets used for example in the manufacture of airbags and tires. The business unit of surface technology includes the equipment manufacturer of heat treatment and coating equipment and the operation of heat treatment shops and high-tech thin-coating centres of the latest generation. These high-quality products are manufactured in Europe and the US for niche markets in the automotive, aerospace, medical, petroleum, process and manufacturing industries.

Legal Disclaimer

The economic projections and predictions contained in this information relate to future facts. Such projections and predictions are subject to risks, uncertainties and changes which cannot be foreseen and which are beyond the control of Accu Holding AG. Accu Holding AG is therefore not in a position to make any representations as to the accuracy of economic projections and predictions or their impact on the financial situation of Accu Holding AG or the market in the securities of Accu Holding AG.

This document does not constitute an offer or invitation to subscribe for or purchase any securities. It is not being issued in countries where the public dissemination of the information contained herein may be restricted or prohibited by law. In particular, this document is not being issued in the United States of America and should not be distributed to U.S. persons or publications with a general circulation in the United States. Any non-compliance with such restrictions may result in a n infringement of U.S. securities laws. Securities of Accu Holding AG ("Company") are not being publicly offered outside of Switzerland. In particular, the securities of the company have not been registered under the U.S. securities laws and may not be offered, sold or delivered within the United States or to U.S. persons absent the registration under or an applicable exemption from the registration requirements of the U.S. securities laws. This document does not constitute a prospectus according to 652a or article 1156 of the Swiss Code of Obligations or article 27et seq. of the Six Swiss Exchange listing rules.

This document is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "Relevant Persons"). The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, Relevant Persons. Any person who is not a Relevant Person should not act or rely on this information or any of its contents.

End of ad hoc announcement

+++++ Additional features:

Document: http://n.eqs.com/c/fncls.ssp?u=CPMIJXFBQN Document title: KE Bilanz

2016-03-15 News transmitted by EQS Schweiz AG. www.eqs.com - news archive: http://switzerland.eqs.com/de/News

The issuer is responsible for the contents of the release. Language: English Company: Accu Holding AG Gerliswilstrasse 17 6021 Emmenbrücke Switzerland Phone: +41 44 318 88 00 Fax: +41 44 318 88 02 E-mail: info@accuholding.ch Internet: www.accuholding.ch ISIN: CH0001366332 Valor: 136633 Listed: Foreign Exchange(s) SIX

End of News EQS Group News Service 444995 2016-03-15

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   March 15, 2016 02:00 ET (06:00 GMT)- - 02 00 AM EDT 03-15-16