EANS-Adhoc: C-QUADRAT Investment AG / Cubic (London) Limited announces anticipated mandatory offer for all outstanding shares in C-QUADRAT Investment AG (ISIN: AT0000613005)

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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.
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Mergers - Acquisitions - Takeovers
15.01.2016

Vienna/Frankfurt, 15.01.2016: Today, C-QUADRAT Investment AG (ISIN:
AT0000613005) announces that it has been informed of the following
facts:

Cubic (London) Limited ("Bidder" or "Cubic") which is owned in equal
parts by San Gabriel Privatstiftung, currently holding approximately
15,68% in C-QUADRAT Investment AG, and T.R. Privatstiftung, currently
holding approximately 19,58% in C-QUADRAT Investment AG, has entered
into a conditional share purchase agreement with Talanx Asset
Management GmbH regarding a total of 1.095.162 non-par value bearer
shares of C-QUADRAT Investment AG ("C-QUADRAT" or "Target Company"),
corresponding to 25,1% of the Target Company's issued share capital.
The purchase price per share amounts to EUR 42. The share purchase
agreement is subject to the regulatory approvals by competent
authorities in Germany, UK and Austria.

With effectiveness of the share purchase agreement the Bidder
together with both private trusts will hold more than 50% in the
Target Company thus being obliged to launch a mandatory takeover
offer to all other shareholders pursuant to sections 22 et seq.
Austrian Takeover Act. Cubic intends to fulfill this obligation by
way of launching an anticipated mandatory offer to acquire all
C-QUADRAT shares that are not held by the bidder, parties acting in
concert, C-QUADRAT or shareholders with whom the Bidder entered into
no tender commitments. Thus, this anticipated mandatory offer will
refer to approximately 411.000 C-QUADRAT shares, corresponding to
approximately 9,44% of the Target Company's issued share capital. The
offer price will correspond to statutory requirements and is expected
to be EUR 42.86 per C-QUADRAT share. The anticipated mandatory offer
will be subject to the regulatory approvals by competent authorities
in Germany, UK and Austria.

The Bidder plans to release the offer document in accordance with
statutory requirements, however, given the complexity of regulatory
approval procedures in several jurisdictions intends to file an
application to the Austrian Takeover Commission to extend the time
period for notification of the offer document. The offer document
will include the precise terms and periods regarding the acceptance
of the anticipated mandatory offer and will be available online on
the websites of the Target Company (www.c-quadrat.com) and the
Austrian takeover commission (www.takeover.at).

The Bidder expressly points out that its announcement is for
information purposes only and neither constitutes an invitation to
sell, nor an offer to purchase, C-QUADRAT shares. The final terms and
further provisions regarding the anticipated mandatory takeover offer
will be disclosed in the offer document once it will have been
approved by the Austrian Takeover Commission (Übernahmekommission).
Investors and holders of C-QUADRAT securities are strongly
recommended to read the offer document and all announcements in
connection with the public takeover offer as they contain or will
contain important in-formation.

The Bidder expressly points out that the offer will be made
exclusively under the laws of Austria, especially under the Austrian
Takeover Act. The offer will not be executed according to the
provisions of jurisdictions other than those of Austria. Thus, no
other announcements, registrations, admissions or approvals of the
offer outside of Austria have been filed, arranged for or granted.
Holders of C-QUADRAT shares cannot rely on having recourse to
provisions for the protection of investors in any jurisdiction other
than such provisions of Austria.

Finally, the Bidder expressly points out that to the extent
permissible under applicable law or regulation, and in accordance
with Austrian market practice, the Bidder may purchase, or conclude
agreements to purchase, C-QUADRAT shares, directly or indirectly,
outside of the scope of the public takeover offer, before, during or
after the acceptance or any additional acceptance period. These
purchases may be completed via the stock exchange at market prices or
outside the stock exchange at negotiated conditions. Any information
on such purchases will be immediately disclosed as required by law or
regulation in Austria.

Further inquiry note:
Mag. Andreas Wimmer
Vorstand
C-QUADRAT Investment AG
Schottenfeldgasse 20
A-1070 Wien
Tel.: +43 1 515 66 316
Mail: a.wimmer@investmentfonds.at
www.c-quadrat.com

end of announcement euro adhoc
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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