DGAP-Adhoc: Powerland AG: Powerland AG will not receive an Audit Opinion for its unconsolidated and consolidated financial statements for 2012

Powerland AG / Key word(s): Final Results

02.07.2013 12:30

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Powerland AG will not receive an Audit Opinion for its unconsolidated and
consolidated financial statements for 2012

Frankfurt/Main, 2 July 2013 - The auditor of Powerland AG, BDO AG
Wirtschaftsprüfungsgesellschaft, informed Powerland AG today that the audit
of the consolidated and unconsolidated financial statements for the
financial year ended 31 December 2012 will presumably be finalised by the
end of this week. The auditor will not issue an audit opinion but will
issue an adverse opinion with regard to both audits. The Management Board
and Supervisory Board have not yet obtained the audit reports.

As soon as the audit reports become available, Management Board and
Supervisory Board will, in close coordination, analyse the reasons
underlying the adverse audit opinions and communicate such reasons to the
capital markets. In addition, Management Board and Supervisory Board will
decide upon measures to be taken once the audit reports are available.

The Company intends to publish the unconsolidated and consolidated
financial statements for the financial year ended 31 December 2012 without
audit opinion in a timely fashion. Due to the current events the general
shareholders' meeting of the company for the financial year 2012 will be
delayed for an indefinite period. Once determined, Powerland will promptly
inform the public and the capital markets about a new date for the general
shareholders' meeting.

For further information please contact:

Powerland AG
Jiangbin He
Investor Relations Director
Lyoner Strasse 14
60528 Frankfurt am Main
Germany
Tel: +49 (0) 69 66 554 - 459
Fax: +49 (0) 69 66 554 - 276
email: ir@powerland.ag
Home: http://www.powerland.ag

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Language: English
Company: Powerland AG
Lyoner Straße 14
60528 Frankfurt am Main
Germany
Phone: +49 69 - 66554-459
Fax: +49 69 - 66554-276
E-mail: ir@powerland.ag
Internet: www.powerland.ag
ISIN: DE000PLD5558
WKN: PLD555
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of Announcement DGAP News-Service

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