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DGAP-News: MIFA: 'Clean' pricing of MIFA bond as of tomorrow

September 1, 2014

MIFA Mitteldeutsche Fahrradwerke AG / Key word(s): Bond 01.09.2014 15:43 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- MIFA: "Clean" pricing of MIFA bond as of tomorrow Sangerhausen, 1 September 2014 - MIFA Mitteldeutsche Fahrradwerke AG (WKN share: A0B95Y / ISIN share: DE000A0B95Y8, "MIFA") has today submitted an application to convert the stock market listing of the 2013/18 MIFA bond (WKN bond: A1X25B / ISIN bond: DE000A1X25B5, "MIFA bond") from "dirty" pricing including accrued interest to "clean" pricing excluding accrued interest. This conversion serves to implement in securities technical terms the deferral of accrued interest that was agreed between MIFA and the bondholders' Joint Representative on 25 August 2014. On 25 August 2014, MIFA and One Square Advisory Services GmbH as the Joint Representative of all bondholders reached agreement concerning - inter alia - the deferral until 31 March 2015 of bondholders' interest claims that were due on 12 August 2014 (please refer to the announcement in the German Federal Gazette [Bundesanzeiger] dated 28 August 2014). To date, trading in the MIFA bond has reported separately to the bond price the proportional interest that has accrued over the current interest period until the price-fixing date ("accrued interest calculation"). A "clean" price, which does not include the reporting of accrued interest, is now to replace the accrued interest calculation. For the purposes of technically implementing the transition from accrued interest calculation to clean pricing, trading in the MIFA bond is to be suspended during the course of 1 September 2014, with trading recommencing on the morning of 2 September 2014 as clean pricing. This technical conversion does not modify the bondholders' rights arising from their bonds. About the company: MIFA Mitteldeutsche Fahrradwerke AG, headquartered in Sangerhausen (Saxony-Anhalt), is Germany's largest manufacturer of bicycles in terms of sales. The company offers a comprehensive range of bicycle models spanning entry price through to premium end. The components included in bicycle production are sourced from renowned suppliers and assembled at the company's sole production site in Sangerhausen, Germany. Business in this context focuses on product-related order production for major retail chains and OEM (Original Equipment Manufacturer) customers. E-bikes have also been manufactured since 2011. MIFA produces e-bikes for automotive manufacturer smart, manufactures for the Deutsche Post bicycle fleet, and supplies communal lending systems with multi-user vehicles, among other customers. In 2012, MIFA acquired Berlin-based e-bike manufacturer Grace and Bavaria-based cult bicycle forging company Steppenwolf, thereby intensifying its sales activities via specialist dealers. MIFA sells its bicycles predominately on its domestic German market. Further sales markets are located mainly in Western Europe. Both the operating business and administration and logistics are managed at the company's sole production location in Sangerhausen. MIFA has been a listed company since May 2004. Its shares are traded in the Prime Standard of the Regulated Market of the Frankfurt Stock Exchange. MIFA's corporate bond is listed in the Entry Standard for bonds on the Frankfurt Stock Exchange. Contact: Matthias KÖhl cometis AG Unter den Eichen 7 D-65195 Wiesbaden Phone: +49 (611) 205855-17 Fax: +49 (611) 205855-66 E-Mail: koehl@cometis.de01.09.2014 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: MIFA Mitteldeutsche Fahrradwerke AG KyselhÄuser Straße 23 06526 Sangerhausen Germany Phone: 03464-5370 Fax: 03464-537251 E-mail: b.mirau@mifa.de Internet: www.mifa.de ISIN: DE000A0B95Y8 WKN: A0B95Y Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Hamburg, MÜnchen, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------


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Source: DGAP Corporate News


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