Petrotec AG
Corporate News

Petrotec AG: Statement of the Management Board and the Supervisory Board on the Takeover Offer

The Management Board and the Supervisory Board of PETROTEC AG make the following statement on the Takeover Offer published on 19 January 2015 by REG European Holding B.V., Amsterdam Shiphol, Netherlands:

In light of the expected consequences of the Takeover Offer on PETROTEC AG, its future business activities and strategies, its employees and their respective terms and conditions of employment as well as its business locations, the Management Board and the Supervisory Board of PETROTEC AG asses the Takeover Offer as positive and support it from a business perspective.

The Management Board and the Supervisory Board of PETROTEC AG further consider the offer price as adequate, taking the fairness opinion of Equinet Bank Aktiengesellschaft and the valuation methods and considerations as described in the reasoned opinion into account. Therefore, the Management Board and the Supervisory Board of PETROTEC AG recommend to the shareholders to accept the Takeover Offer.

The entire reasoned opinion of the Management Board and the Supervisory Board of Petrotec AG was published today and can be found here: http://www.petrotec.de/core/cms/upload/pdf/REG-Uebernahmeangebot.pdf. Please note that we will only publish a German version of the reasoned opinion.

Disclaimer

This corporate news contains forward looking statements, which are based on assumptions and estimates of the management of Petrotec AG. Although Petrotec management believes that these assumptions and estimates are correct, actual future developments and results can deviate substantially from these assumptions and estimates due to many factors. These factors can include alteration of the economic situation, legal and regulatory constraints in Germany and the EU, and changes in Petrotec's general business and competitive environment. Petrotec assumes no liability and provides no warranty that future developments and actual future results will conform with the assumptions and estimates expressed in this corporate news.

About Petrotec

Petrotec AG, Germany, is the largest European producer of waste-derived biodiesel, mainly based on used cooking oil. The Company owns an overall nominal production capacity of 185,000 tons per year at two locations in Germany. Petrotec runs a vertically integrated business model including own collection of used cooking oil from more than 15,000 collection points, treatment and refining of the raw material up to the technologically demanding production of waste-based biodiesel. The Company sells its biodiesel primarily to large mineral oil companies in northwest Europe. The usage of waste based biodiesel enjoys a preferential double counting scheme granted by major EU countries as part of the mandatory blending quotas. Petrotecs EcoPremium biodiesel provides significant environmental and climate advantages with the highest CO2 emission reduction of 83% (compared with fossil diesel) amongst all biofuels approved by the EU Renewable Energy Directive (2009/28/EC). Since its IPO in 2006, Petrotec cleaned more than 800,000 tons of waste and saved over 2.5 million tons of CO2 emissions. Petrotec is a public listed company (ISIN DE000PET1111) in the regulated market of Frankfurt Stock Exchange, in the Prime Standard segment, complying with high international transparency standards. It has a capital stock of 24,543,741 Euro, equaling 24,543,741 shares. Main shareholder is REG European Holdings B.V., Netherlands, with a stake of 69 %, freefloat is approx. 18 %. In the business year 2013 (Jan. 1st to Dec. 31st) Petrotec reached sales of EUR 193 mill. and generated an EBIT of EUR 4.9 mill. and a net profit of EUR 4.0 mill. The Company employs about 115 employees.

Press contact

Petrotec AG
Vera Berlin
Investor Relations
Tel.: +49 (0) 2862 910080
ir@petrotec.de

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