DGAP-News: 3W Power S.A. / AEG Power Solutions / Key word(s): Strategic Company Decision 3W Power S.A. / AEG Power Solutions: Creditors and Local Court Approved Restructuring Plan for German Subsidiary 07.04.2017 / 12:27 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- - Creditor meeting and the local court of Arnsberg, Germany approved Restructuring plan for German subsidiary - Proceeding over German subsidiary to be lifted by the end of April 2017. after which the debtor-in-possession proceedings of the German entity is completed April 7, 2017, Luxembourg / Zwanenburg, The Netherlands. 3W Power S.A. (ISIN LU1072910919, 3W9K), the holding of AEG Power Solutions Group, announced that the restructuring plan for its German subsidiary AEG Power Solutions GmbH was unanimously approved by the subsidiary's creditor meeting held yesterday in Arnsberg, Germany. The local court of Arnsberg also confirmed the plan yesterday. The confirmation of the court repealing the debtor-in-possession proceeding over AEG Power Solutions GmbH l is expected to take effect at the end of April 2017. The restructuring plan for AEG Power Solutions GmbH comprises a financial and operational restructuring and is part of a broader reorganization of AEG Power Solutions group as a global company. The goal of the reorganization is to focus the group on its core industrial business, grow service and develop a customer centric structure which is essential to achieve sustainable profitability. Jeffrey Casper, CEO of 3W Power S.A., said: "We have come a long way in the restructuring of our Germany subsidiary and are now nearing its completion. I'm conscious of the efforts that have been made and that we still need to make to implement our new processes internally but this step represents a crucial milestone in our group-wide transformation. We are building a more agile, customer-oriented structure to serve our core markets sustainably and profitably. Since the initiation of the proceeding in Germany in November 2016, we have been focused on serving our customers and the execution of existing orders has remained on schedule. This was accomplished thanks to the dedication of our teams and to the trust and loyalty of our customers, business partners and creditors. Speaking for the whole management team and the employees of AEG Power Solutions, I would like to expressly thank our stakeholders for their contributions." Subsequent to the agreement to the restructuring plan for its German subsidiary, 3W Power S.A. plans to publish its annual results for fiscal year 2016 by the end of April 2017. The Annual General Meeting of 3W Power S.A. is scheduled for June 28, 2017, in Luxemburg. -- End of the Press Release -- About 3W Power: 3W Power S.A. (WKN A114Z9 / ISIN LU1072910919), based in Luxembourg, is the holding company of AEG Power Solutions Group. The Group is headquartered in Zwanenburg in the Netherlands. The shares of 3W Power are admitted to trading on Frankfurt Stock Exchange (ticker symbol: 3W9K). AEG Power Solutions is a leading provider of UPS systems and power electronic solutions for industrial, commercial, renewable and distributed energy markets throughout the world with main sites in France, Spain, Germany, Singapore and China, with further direct 14 sales and service offices worldwide. For more information, visit www.aegps.com Press contact: Tobias Eberle / Thomas Katzensteiner Charles Barker Corporate Communications GmbH Phone: +49 69 79 40 90 24 / +49 69 79 40 90 25 Email: [email protected] / [email protected] Investor Relations contact: Christian Hillermann Hillermann Consulting Phone: +49 40 320 279 10 Email: [email protected] This communication does not constitute an offer or the solicitation of an offer to buy, sell or exchange any securities of 3W Power. This communication contains forward-looking statements which include, inter alia, statements expressing our expectations, intentions, projections, estimates, and assumptions. These forward-looking statements are based on the reasonable evaluation and opinion of the management but are subject to risks and uncertainties which are beyond the control of 3W Power and, as a general rule, difficult to predict. The management and the company cannot and do not, under any circumstances, guarantee future results or performance of 3W Power and the actual results of 3W Power may materially differ from the information expressed or implied in the forward-looking statements. As a result, investors are cautioned against relying on the forward-looking statements contained herein as a basis for their investment decisions regarding 3W Power. 3W Power undertakes no obligation to update or revise any forward-looking statement contained herein. --------------------------------------------------------------------------- 07.04.2017 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: 3W Power S.A. / AEG Power Solutions 19, rue Eugène Ruppert L-2453 Luxemburg Grand Duchy of Luxembourg Phone: +31 20 4077 800 Fax: +31 20 4077 801 E-mail: [email protected] Internet: www.aegps.com ISIN: LU1072910919, DE000A1A29T7, WKN: A114Z9 , A1A29T, Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Munich, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 563265 07.04.2017