DGAP-News: SinnerSchrader AG / Key word(s): Statement SINNERSCHRADER AG'S MANAGEMENT BOARD AND SUPERVISORY BOARD RECOMMEND TO ACCEPT THE TAKEOVER OFFER OF ACCENTURE IN THEIR JOINT STATEMENT PURSUANT TO § 27 WPÜG 06.04.2017 / 13:31 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Today, the Management Board and the Supervisory Board of SinnerSchrader AG issued the joint reasoned statement pursuant to § 27 of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz, "WpÜG") with respect to the voluntary public takeover offer put forward by Accenture Digital Holdings GmbH, a wholly-owned subsidiary of the Accenture Group, ("Accenture"), The takeover offer was announced on 20 February 2017 and the offer document was published on 27 March 2017. Based upon a thorough review and deliberation of the takeover offer, the Management Board and the Supervisory Board came to the conclusion, that the offer fully satisfies the strategic objectives and legitimate interests of SinnerSchrader AG, the SinnerSchrader-Group, its employees and customers. The Management Board and the Supervisory Board believe that by combining the business operations both partners will mutually benefit from the combined individual strengths of the SinnerSchrader-Group and the Accenture-Group. Access to the Accenture-Group's impressive international network and resources should, in the view of the Management Board and Supervisory Board, help SinnerSchrader to further expand and secure its technological and creative advantage as one of the leading digital agencies in the German speaking region over the longer term. The Management Board and the Supervisory Board expect that with the support of Accenture it will be in the position to increase even further the effectiveness and efficiency of the development and sale of innovative digital services and to preserve and further strengthen valuable business relationships with its key accounts. In the view of the Management Board and Supervisory Board, the price offered by Accenture for each SinnerSchrader share of 9.00 euros represents an attractive premium on the three-months average share price and the six-months average share price before the decision to launch the takeover offer of approx. 30.81 per cent and 38.25 per cent, respectively. The Management Board and Supervisory Board believe that the Offer Price reflects both the current intrinsic value of the SinnerSchrader share and SinnerSchrader's development potential. In light of these assessments, the Management Board and the Supervisory Board welcome the takeover offer by Accenture and recommend the shareholders of SinnerSchrader AG to accept that offer. The complete joint reasoned statement of the Management Board and the Supervisory Board can be accessed in the Internet at https://sinnerschrader.ag/Accenture . ABOUT SINNERSCHRADER SinnerSchrader is one of the leading digital agencies in Europe with the focus on the design and development of digital products and services. More than 500 employees work on digital transformation for companies such as Allianz, Audi, BMW, comdirect bank, ERGO, Telefónica, TUI, Unitymedia and VW. SinnerSchrader was founded in 1996, has been listed on the stock exchange since 1999 and has offices in Hamburg, Berlin, Frankfurt am Main, Munich, Prague and Hanover. http://sinnerschrader.com PRESS CONTACT Carmen Fesenbeck Corporate Communications [email protected] INVESTOR RELATIONS CONTACT Thomas Dyckhoff CFO [email protected] SinnerSchrader Aktiengesellschaft Völckersstraße 38 22765 Hamburg T. +49. 40. 39 88 55-0 F. +49. 40. 39 88 55-55 --------------------------------------------------------------------------- 06.04.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: SinnerSchrader AG Völckersstraße 38 22765 Hamburg Germany Phone: +49 (0)40 39 88 55-0 Fax: +49 (0)40 39 88 55-55 E-mail: [email protected] Internet: www.sinnerschrader.com ISIN: DE0005141907 WKN: 514190 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 562771 06.04.2017