VARTA AG ends offer period early and sets issue price at EUR 17.50 per share

(PresseBox) (Ellwangen, ) .

- Issue price of EUR 17.50 per share at the upper end of the price range
- First day of trading in the Prime Standard of the Frankfurt Stock Exchange scheduled for 19 October 2017 following the early closing of the offering period thanks to strong demand
- Total placement volume of about EUR 233.5 million
- Gross proceeds from capital increase of EUR 150.5 million
- Market capitalization of about EUR 669 million; free float of about 35 percent if greenshoe option will be fully exercised

Today, VARTA AG (the "Company") together with VGG GmbH, a subsidiary of its indirect sole shareholder Montana Tech Components AG, and the bank consortium, has set the issue price at EUR 17.50 per share. This represents the upper end of the price range of EUR 15.00 to 17.50 per share. Previously, the offer period was shortened by about one week thanks to strong investor demand for VARTA AG shares across all points of the price range.

"We are very satisfied", said Herbert Schein, CEO of VARTA AG. "This is an important milestone in the development of VARTA AG. Our success story and the prospects of our company have convinced the investors - so much that we were able to close the books after just one week. The IPO will now provide us with the means to continue and accelerate our growth path."

In total, about 13,340,000 shares were placed with investors. 8,600,000 shares were newly issued, generating EUR 150.5 million of gross proceeds for the company. Additional 3,000,000 existing shares were provided by Montana Tech Components AG, which sells these shares in VARTA AG via its subsidiary VGG GmbH. Further 1,740,000 existing shares from the holdings of VGG GmbH were allocated in the context of an over-allotment.

The total placement volume, including over-allotments, consequently amounts to about EUR 233.5 million with a free float of about 35 percent if the greenshoe option will be fully exercised. Market capitalization will be approximately EUR 669 million at the start of trading.

Trading of VARTA AG shares on the regulated market of the Frankfurt Stock Exchange (Prime Standard) is scheduled to start on October 19, 2017, under the securities identification number (WKN) A0TGJ5, the international securities identification number (ISIN) DE000A0TGJ55 and the ticker symbol "VAR1".

Joh. Berenberg, Gossler & Co. KG is acting as Sole Global Coordinator and, together with UniCredit Bank AG, as Joint Bookrunner.

About VARTA AG

As the parent company of the Group, VARTA AG is active in the business segments Microbatteries and Power & Energy through its operating subsidiaries VARTA Microbattery GmbH and VARTA Storage GmbH. Already today an innovation leader in the microbattery sector and one of the market leaders for hearing-aid microbatteries, VARTA Microbattery GmbH also aspires to market leadership for lithium-ion batteries in wearables and particularly headphones. VARTA Storage GmbH focuses on intelligent energy solutions for customized battery storage systems for OEM customers and the design, system integration and assembly of stationary lithium-ion energy storage systems. The VARTA AG Group's operating subsidiaries are currently active in more than 75 countries around the world, with five production and assembly facilities in Europe and Asia as well as distribution centers in Asia, Europe and the United States.

Important note:

This announcement and the information contained herein are for information purposes only and do not constitute an offer to sell, or a solicitation of an offer to buy or to subscribe for, any securities. An investment decision regarding the publicly offered securities should only be made on the basis of the securities prospectus. The securities prospectus is available free of charge from VARTA AKTIENGESELLSCHAFT (the "Company"), Daimlerstr. 1, 73479 Ellwangen (Jagst), Germany, or on http://www.varta-ag.com/....

This announcement and the information contained herein do not constitute an offer to sell, or a solicitation of an offer to buy or to subscribe for, any securities in the United States of America, Canada, Australia, Japan or in any other jurisdiction in which such offer may be restricted. The Company's securities have not been, and will not be, registered under the US Securities Act of 1933, as amended (the "Securities Act"), or with the securities regulators of the individual states of the United States. The securities may not be offered, sold or delivered, directly or indirectly, in or into the United States except pursuant to an exemption from the registration and reporting requirements of the United States securities laws and in compliance with all other applicable United States legal regulations. The Company does not intend to register its securities under the Securities Act or to conduct a public offering of securities in the United States.

This announcement does not constitute an offer document or an offer of securities to the public in the U.K. to which section 85 of the Financial Services and Markets Act 2000 of the U.K. applies and should not be considered as a recommendation that any person should subscribe for or purchase any securities as part of the Offer. This document is being communicated only to (i) persons who are outside the U.K.; (ii) persons who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or (iii) high net worth companies, unincorporated associations and other bodies who fall within article 49(2)(a) to (d) of the Order (all such persons together being referred to as "Relevant Persons"). Any person who is not a Relevant Person must not act or rely on this communication or any of its contents. Any investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.

This announcement may contain forward-looking statements. These statements are based on the current views, expectations, assumptions and information of the management of the Company. Forward-looking statements should not be construed as a promise of future results and developments and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those described in such statements due to, among other things, changes in the general economic and competitive environment, risks associated with capital markets, currency exchange rate fluctuations, changes in international and national laws and regulations, in particular with respect to tax laws and regulations, affecting the Company, and other factors. The Company does not assume any obligations to update any forward-looking statements.
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