Asian Bamboo AG / Key word(s): Change in Forecast/Miscellaneous 16.04.2015 15:17 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. --------------------------------------------------------------------------- Asian Bamboo announces the sale of four plantations, revises down its FY 2015 guidance and updates on other corporate developments Hamburg, 16 April 2015 - Asian Bamboo AG ("Asian Bamboo", "the Company", ISIN: DE000A0M6M79, ticker symbol: "5AB", ADR ticker symbol "ASIBY") wishes to disclose the following information: - Plantation sales: The Company has completed the sales of four plantations located in Kangda and Sirong with a total size of 2,215 ha. The prices achieved were in line with the valuation done by an independent third party and approved by the Supervisory Board in September 2014. The payment has been received in full. The Management Board will continue implementing its asset sales programme and it is in continuing negotiations for sales of additional plantations in line with previous announcements - The operational performance: The first quarter 2015 performance has been very weak and this together with a bleak outlook causes the Company to revise down its guidance for the year to revenue of around EUR 8 million and negative net operating cash flows of around EUR 2 million - Annual report 2014 and AGM 2015: The audit is basically completed, but due to the petition for insolvency proceedings submitted by DEG and PROPARCO the completion of the annual report will be delayed and consequently the date of the AGM is also likely to be delayed. The new dates will be released as soon as possible - DEG and PROPARCO's petition for insolvency proceedings: The Company has submitted its response, emphasizing the Company's and Mr. Lin's strong cash positions and is awaiting the court decision. The Management Board believes that DEG and PROPARCO submitted their petition for insolvency proceedings to put pressure on the company which complicates its daily business. However, this is already included in the guidance - Fund raising and property investments: Due to the petitions for insolvency proceedings the planned fund raising and entry to the property industry will be delayed. A preliminary timeframe will be released as soon as possible. The Management Board remains committed to entering the property industry and believes that it will provide a healthy new growth path for the Company The Management Board and the Supervisory Board remain committed to resolving the situation in the best interest of all shareholders. About Asian Bamboo AG: Asian Bamboo currently owns long-term leasing rights for 36 bamboo plantations with a total size of 48,123 hectares (ha). It is planning to diversify its business into property development. Since 16 November 2007, Asian Bamboo has been listed on the Prime Standard of the Frankfurt Stock Exchange under the ticker symbol "5AB". In addition, the stock is traded as an ADR under the ticker symbol "ASIBY". The Company's financial statements are audited by Deloitte and its registered office is located in Hamburg, Germany. Disclaimer: This release is for information only and does not constitute an offer to sell, purchase, exchange or transfer any securities or a solicitation of any such offer in the United States or any other jurisdiction. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the 'Securities Act') and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. Neither Asian Bamboo AG ("Asian Bamboo") nor any other participant in the transactions described herein intends to register any securities under the Securities Act or with any securities regulatory authority of any state or other jurisdiction in the United States in connection with the proposals described in this announcement. The shares may not be offered to the public in any jurisdiction in circumstances which would require the preparation or registration of any prospectus or offering document relating to the shares in such jurisdiction. No action has been taken by Asian Bamboo or any of their affiliates that would permit an offering of the shares or possession or distribution of this announcement or any other offering or publicity material relating to such securities in any jurisdiction where action for that purpose is required. As far as this release contains forward-looking statements with respect to the business, financial condition and results of operations of Asian Bamboo, these statements are based on current expectations or beliefs of Asian Bamboo's management. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or performance of the Company to differ materially from those reflected in such forward-looking statements. Apart from other factors not mentioned here, differences could occur as a result of changes in the overall economic situation and the competitive environment - especially in the core business segments and markets of Asian Bamboo. Also, the development of the financial markets and changes in national as well as international provisions particularly in the field of tax legislation and financial reporting standards could have an effect. Terrorist attacks and their consequences could increase the likelihood and the extent of differences. Asian Bamboo undertakes no obligation to publicly release any revisions or updates to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. 16.04.2015 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: Asian Bamboo AG Stadthausbrücke 1-3 20355 Hamburg Germany Phone: +49 40 37644 798 Fax: +49 40 37644 500 E-mail: [email protected] Internet: www.asian-bamboo.de ISIN: DE000A0M6M79, DE000A0M6M79 WKN: A0M6M7, A0M6M7 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------