Ultrasonic AG / Key word(s): Insolvency 13.03.2015 18:24 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Ultrasonic AG: Preliminary insolvency administrator appointed Cologne, 13 March 2015 - On 13 March 2015 at 11:58 am, the Local Court of Cologne by the way of order has appointed the lawyer Dr Christoph Niering (Niering Stock Tömp) as the preliminary insolvency administrator of the assets of Ultrasonic AG (ISIN/WKN: DE000A1KREX3/A1KREX), established in Cologne, and imposed a general prohibition of transfers (Section 21 Subsection 2 No. 2 2nd alternative German insolvency act (InsO)) to secure future insolvency assets and to clarify the set of facts. After negotiations with the financing banks have failed for the time being, Ultrasonic AG had filed for insolvency on Wednesday 11 March 2015. The preliminary insolvency administrator and the Management Board, since the end of October 2014 represented by Dr Harald Zender, have already intensively exchanged views on the background and the current situation. The investigations which Management Board and Supervisory Board initiated within recent months to clarify the economic situation of Ultrasonic's subsidiaries in Hong Kong and China shall proceed within the opening of insolvency proceedings. In addition, the interrupted negotiations with the banking consortium shall be recommenced in due time. Since August 2014, Dr Christoph Niering already is appointed as preliminary insolvency administrator for Youbisheng Green Paper AG, another German Holding company with operating subsidiaries in Hong Kong and China. Therefore, Dr Niering is familiar with the set-up at Ultrasonic and the consequential problems. For enquiries: Dr. Harald Zender CEO E-Mail: [email protected] --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: Disclaimer: This document is no offer for the purchase of securities in the United States of America. Securities may only be sold or offered for sale with the previous registration under the U.S. Securities Act of 1933 in the actual valid version or without previous registration only pursuant to an exemption. The shares of Ultrasonic AG (the 'Shares') have not been registered under the U.S. Securities Act of 1933 in the actual valid version and may not be sold or offered in the United States. This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the 'Order') or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as 'relevant persons'). The Shares, which are referred to, are only available to relevant persons and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. 13.03.2015 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: Ultrasonic AG c/o BPG mbH, Graf-Adolf-Platz 12 40213 Düsseldorf Germany Phone: +86 1525 947 9902 (China); +852 966 227 40 (Hong Kong) Fax: +49 (0)211 172 9829 E-mail: [email protected] Internet: www.ultrasonic-ag.de ISIN: DE000A1KREX3 WKN: A1KREX Indices: CDAX, Classic All Share, DAXsector All Consumer, DAXsector Consumer, DAXsubsector All Clothing & Footwear, DAXsubsector Clothing & Footwear, Prime All Share Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------