EQS-Adhoc: Airopack Technology Group AG: Update on Enforcement of Pledge over Shares in I.P.S.B.V.

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Airopack Technology Group - Update on Enforcement of Pledge over Shares in I.P.S.B.V.

Baar, 8 March 2019 - Airopack Technology Group AG ("Airopack") announced today that the Dutch court has granted permission for the enforcement of the pledge over the shares in its indirect Dutch subsidiary I.P.S. B.V. as requested by the major lenders. The court further declared that today's decision is immediately enforceable notwithstanding appeal. Under Dutch procedural laws, an appeal of such a decision is only possible in extraordinary circumstances. Accordingly and as anticipated in the press release dated 14 February 2019, Airopack Technology Group AG and its direct subsidiary I.P.S. Holding B.V. will now be separated from the operating subsidiaries of Airopack Group. Based on the valuation of the operating subsidiaries as approved by the Dutch court, the pledgor I.P.S. Holding B.V. will not receive any proceeds from the enforcement and guarantee liabilities remain outstanding towards the major lenders by Airopack Technology Group AG and I.P.S. Holding B.V.

Airopack is continuing discussions with major lenders to seek a full release of such guarantee liabilities which is an important element in Airopack's efforts to exit the provisional composition moratorium.

The board of directors will provide further updates as needed.

Contacts:

Airopack Technology Group AG
Antoine Kohler, Chairman

Blegistrasse 5/1 OG
CH-6340 Baar
TF: +41 41 768 50 50
www.airopackgroup.com

For investors:
Airopack Technology Group AG

Martin Eberhard
martin.eberhard@rimesa.ch
TF: +41 79 209 77 50

For media:
Tolxdorff Eicher Kollektivgesellschaft

Daniel Eicher / Theresia Tolxdorff
partners@tolxdorffeicher.ch
TF: +41 44 718 25 25