DGAP-Ad hoc: METRIC mobility solutions AG

DGAP-Adhoc: METRIC mobility solutions AG: Application for self-administration approved by Local Court of Hanover

METRIC mobility solutions AG / Key word(s): Insolvency

01.07.2016 19:00

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.

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Hanover, 1 July 2016 - The Local Court of Hanover today approved the application by METRIC mobility solutions AG (Frankfurt Securities Exchange, Prime Standard; ISIN DE000A1X3X66) for the initiation of insolvency proceedings under the Company's own administration. On application by METRIC mobility solutions AG, solicitor Dr Rainer Eckert was appointed preliminary insolvency administrator of the Company. In the opinion of the Company, the appointment of a preliminary insolvency administrator was necessary in spite of the application for self-administration, otherwise it would not have been possible to establish legally secure and certain relations with suppliers according to the rulings handed down by the competent insolvency court.

Due to the application filed by the Company in response to the court orders, a situation of legal certainty has been created for the business partners and employees of METRIC mobility solutions AG in order to enable the Company's operations and its restructuring to be immediately continued.

The Board of Management of METRIC mobility solutions AG will now take up its cooperation with the preliminary insolvency administrator without delay in order to prepare the Company's restructuring under its own administration. In the process, the Company will be assisted in relation to insolvency law by the restructuring expert and solicitor Manuel Sack from the law firm Brinkmann & Partner, of Hanover.

METRIC mobility solutions AG Rotenburger Str. 20 30659 Hanover

The Board of Management

Contact: METRIC mobility solutions AG Sybille Gäbisch +49 511 6102-300 IR@metric-group.com

01.07.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap.de

--------------------------------------------------------------------------- Language: English Company: METRIC mobility solutions AG Rotenburger Str. 20 30659 Hannover Germany Phone: +49 (0)511-6102-0 Fax: +49 (0)511-6102-411 E-mail: info@metric-group.com Internet: http://www.metric-group.com ISIN: DE000A1X3X66 WKN: A1X3X6 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------