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YOC AG announces preliminary key figures for 2012 financial year and forecast / Loss of half of the share capital/ Restructuring process is being actively pursued

Ad hoc announcement pursuant to Section 15 WpH
[German Securities Trading Act]

YOC AG announces preliminary key figures for 2012 financial year and forecast
Loss of half of the share capital
Restructuring process is being actively pursued

Berlin, 11 April 2013, 18:08

According to preliminary calculations, YOC AG (ISIN DE0005932735) has generated revenue for the Group pursuant to IFRS in the amount of EUR 34.6 million in the 2012 financial year compared to EUR 32.1 million the previous year, with consolidated sales and operating revenue of EUR 36.6 million compared to EUR 33.8 million the previous year. EBITDA amounted to EUR -3.2 million (previous year: EUR -3.0 million). Amortisations in the amount of EUR 7.2 million compared to EUR 6.4 million the previous year led to an operating result totalling EUR -10.4 million (2011: EUR -9.4 million). These include both amortisations in the amount of EUR 1.5 million and write-downs in the amount of EUR 5.7 million, which resulted from impairments of goodwill as well as software developed by the Group, trademarks and client relationships.

The Management Board also announces the loss of over half of the share capital. As per Section 92 paragraph 1 of the German Stock Corporation Act (AktG), this legally requires the company to hold a general meeting of shareholders as soon as possible. YOC AG plans to convene the 2013 annual general meeting of shareholders shortly and will include this notice of the loss of share capital in its agenda for the meeting. Another item on the agenda will be creating new authorised capital.

YOC AG has experienced a good start to the 2013 financial year, given this difficult initial situation. The Management Board expects an increase in revenues by at least 25% and a sustainable improvement in earnings. The restructuring process initiated by CEO Dirk Freytag has already yielded initial positive results and will continue to be actively pursued. In this respect, YOC AG is also evaluating short-term financing options. Furthermore, the divestment of Sevenval in the Mobile Technology segment also continues to be pursued.

The 2012 annual report including the finalised figures for the 4th quarter of 2012 as well as the entire 2012 financial year will be published on 30 April 2013. YOC AG invites you to attend the annual financial press conference on that date in Berlin.



This ad-hoc announcement constitutes neither an offer to sell nor a solicitation to buy securities. The information in this announcement is neither intended for transmission to the United States of America (USA) nor for use within the USA (including its territories and possessions, any State of the United States, and the District of Columbia) and may not be distributed or passed on to U.S. persons (as defined in Regulation S of the U.S. Securities Act of 1933 as amended) or publications with a general circulation in the USA. This announcement constitutes neither an offering nor a solicitation to buy securities in the USA. The securities of YOC AG are not registered and will not be registered in accordance with the provisions in the Securities Act and may not be sold, offered or delivered in the USA or to a U.S. person without prior registration or exemption from the registration requirements. No public offering will be made for securities in the USA.

This ad hoc announcement contains statements regarding future developments that are based on current evaluations and are made to the best knowledge of the management of YOC AG. Such statements with regard to future developments are subject to known and unknown risks, uncertainties and other factors that could cause the profit situation, profitability, value development or the performance of YOC AG to diverge from the profit situation, profitability, value development or performance that are expressly or implicitly assumed or described in the statements concerned. In view of the risks and uncertainties and other factors, readers of this ad hoc announcement should not rely on such statements to a disproportionate extent. YOC AG has no obligation to act in keeping with such statements regarding future developments or to alter its actions to accommodate future events and developments.

End of ad hoc announcement



Christina von Grauvogl
Investor Relations
Karl-Liebknecht-Straße 1
10178 Berlin
Tel.: +49-30-726162-205
Fax: +49-30-726162-222