EANS-Adhoc: C-QUADRAT Investment AG Share Buyback / Share Buyback Program

--------------------------------------------------------------------------------
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
--------------------------------------------------------------------------------

Buybacks
09.09.2015

Publication pursuant to Art 4 para. 2 and Art 5 of the Austrian
Disclosure Regulation 2002 (Veröffentlichungsverordnung)

At the ordinary Shareholders' Meeting of C-QUADRAT Investment AG,
held on 8 May 2015, the Management Board of the Company was
authorized, in accordance with Art 65 para 1 sect 8 of the Austrian
Joint Stock Corporation Act (Aktiengesetz, AktG), to acquire own
non-par value bearer shares in the Company up to an extent of 10
percent of the current share capital of C-QUADRAT Investment AG
within 30 months from the date of the resolution of the shareholders
for a price of between EUR 1 minimum and EUR 60 maximum per single
share. The Management Board of C-QUADRAT Investment AG resolved to
acquire shares in the Company in accordance with this authorization
as follows:

Details on the share buyback program pursuant to Art 5 para 2 of the
Austrian Disclosure Regulation 2002 (Veröffentlichungsverordnung):

1. The resolution of authorising the share buyback program was
approved by the Shareholders' Meeting dated May 8, 2015.

2. The resolution of authorising the share buyback program was
published in accordance with Art 82 para 8 and 9 of the Austrian
Stock Exchange Act (Börsegesetz, BörseG) on May 8, 2015.

3. The share buyback program commences on September 14, 2015 and is
anticipated to continue until (including) October 31, 2017.

4. The share buyback program concerns non-par value bearer shares of
C-QUADRAT Investment AG (ISIN AT0000613005).

5. The current share capital of the Company amounts to EUR 4,363,200
and is divided into 4,363,200 shares, each share has an equal value
participation in the share capital. The intended volume of the share
buyback program amounts to up to 218.160 non-par value bearer shares
- corresponding up to 5% of the current share capital - on the
Vienna Stock Exchange and/or the Frankfurt Stock Exchange.

6. According to the resolution of the Shareholders' Meeting dated
May 8, 2015 the counter-value at the respective date of acquisition
has to be within a range of EUR 1 minimum and EUR 60 maximum per
single share.

7. The main purpose of the share buyback program is the possible use
of own shares for future acquisitions.

In the case of acquisition of companies, business operations, parts
of business operations or stakes in companies it may be advisable or
necessary to use own shares either to compensate shareholders of
target companies or as consideration in case the seller prefers to
receive shares of the company instead of cash.

Depending on the specific situation it is therefore possible that in
first place granting own shares enables strategically important
transactions or even allows the Company to obtain a more favorable
purchase price than with a cash consideration.

Furthermore through the use of own shares the liquidity requirements
of the Company for such acquisitions are reduced and the settlement
of transactions might be accelerated as existing shares can be used
and no new shares need to be created by way of a capital increase.

Furthermore, the Management Board may use the own shares to issue
shares to employees, executive employees, management staff or members
of the Management Board of C-QUADRAT Investment AG or an associated
company within the framework of a possible future employee share
option program. In addition, the Management Board is authorized to
purchase own shares for any other legal purpose and to withdraw
purchased shares without any further resolution passed by the general
Shareholders' Meeting. Trading with own shares for profit purposes is
excluded.

8. From today's perspective the share buyback program has no impact
on the stock market listing of C-QUADRAT Investment AG.

9. The share buyback program is implemented in accordance with the
provisions laid down in the Commission Regulation no. 2273/2003 of
December 22, 2003, OJ L336/33 of December 23, 2003 (the
"Regulation"), where applicable including a credit institution
pursuant to Art. 6 (3) Sec. b of the Regulation. The Management Board
points out pursuant to Art. 5 (3) of the Regulation that the limit of
25% of the average daily volume of shares pursuant to Art. 5 (2) of
the Regulation may be exceeded within the scope of the buyback
program.

C-QUADRAT Investment AG intends to fulfill its disclosure obligations
pursuant to Art 6 and 7 of the Austrian Disclosure Regulation 2002 by
publishing the relevant information on the website of the company
www.c-quadrat.at.

Further inquiry note:
Andreas Wimmer
Member of the Board
Schottenfeldgasse 20
A-1070 Vienna
Tel.: +43 1 515 66 316
Email: a.wimmer@investmentfonds.at
www.c-quadrat.com

end of announcement euro adhoc
--------------------------------------------------------------------------------

issuer: C-QUADRAT Investment AG
Schottenfeldgasse 20
A-1070 Wien
phone: +43 1 515 66-0
FAX: +43 1 515 66-159
mail: c-quadrat@investmentfonds.at
WWW: www.c-quadrat.com
sector: Financial & Business Services
ISIN: AT0000613005
indexes: Standard Market Auction
stockmarkets: official market: Frankfurt, Wien
language: English