curasan AG: Opening of insolvency proceedings on the assets of curasan AG

Kleinostheim, Germany, 3 June 2020 - curasan AG (shares: ISIN DE000A2YPGM4 / convertible bond: ISIN DE000A2TR497) announces that on 1 June 2020 the Local Court Aschaffenburg has opened the insolvency proceedings on the assets of the curasan AG, which were applied for on 24 February 2020. Lawyer Frank Schmitt, Frohsinnstraße 29, 63739 Aschaffenburg, who had previously been appointed by the insolvency court as provisional insolvency administrator, was appointed as insolvency administrator.

The current sole member of the Management Board Dr. Alexander Baratta will remain CEO of the company.

The insolvency creditors are requested to file insolvency claims (§ 38 InsO) with the insolvency administrator in writing until 29 June 2020.

The date for the creditors' meeting in the form of the report and audit date is set for Tuesday, 14 July 2020, 9:00 AM, room E05, ground floor, Friedrichstraße 23-25, Local Court Aschaffenburg.

The business operations of the company will be continued in full as before. The Issuer has received offers from investors which are being negotiated.

---- End of the ad hoc release ----

Contact curasan AG:
Andrea Weidner
Investor Relations &
Corporate Communications
+49 6027 40 900-51
ir@curasan.com