Praktiker AG / Key word(s): Insolvency 10.07.2013 21:19 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. --------------------------------------------------------------------------- Publication of ad-hoc announcement pursuant to Section 15 WpHG (German Securities Trading Act) Continuation forecast - Management Board of Praktiker AG denies positive continuation forecast for Praktiker AG and certain entities within the Group - Negotiations on further restructuring finance unsuccessful Praktiker AG Am Tannenwald 2 66459 Kirkel ISIN: DE000A0F6MD5 WKN: A0F6MD Hamburg, 10 July 2013: The Management Board of Praktiker AG has denied the positive continuation forecast for Praktiker AG and certain entities within the Group. Along with overindebtedness, as a ground for insolvency, there is also a lack of liquidity. The negotiations on the further, initially promising restructuring finance failed on the evening of 10 July 2013 because certain creditor groups did not provide approval for such financing. This alternative financing solution had become necessary after the sale of the participation in the Luxembourg-based subsidiary Bâtiself S.A. could not be completed shortly beforehand due to missing board approvals on the buyer's side, which meant that the expected proceeds from the sale could not be realised. These proceeds had been firmly included in the financing concept from 2012. The Management Board will carry out a review in relation to the Group in order to determine the entities in relation to whom insolvency petitions will have to be filed and will then publish the results of this review as soon as possible. 10.07.2013 DGAP's 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: Praktiker AG Am Tannenwald 2 66459 Kirkel Germany Phone: +49 (0) 40 6000 11 3700 Fax: +49 (40) 600011-6126 E-mail: [email protected] Internet: www.praktiker.com ISIN: DE000A0F6MD5 WKN: A0F6MD Indices: SDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------