paragon AG: Electro Mobility Subsidiary Voltabox AG Plans to Go Public in Autumn 2017

paragon AG: Electro Mobility Subsidiary Voltabox AG Plans to Go Public in Autumn 2017

Delbrück, September 11, 2017 - Today paragon AG's (ISIN DE0005558696) Management Board approved a plan to take Voltabox AG ("Voltabox"), its wholly-owned subsidiary, public. Voltabox seeks to list on the Prime Standard of the Frankfurt Stock Exchange as early as autumn 2017.

The proceeds from the planned IPO are to support the continued systematic development of Voltabox's products, the expansion of its production capacities and the repayment of a shareholder loan to paragon AG. Most importantly, the proceeds from the planned IPO are also expected to give Voltabox greater flexibility for additional external growth through value-add acquisitions. Voltabox plans to issue 5 million new shares plus a greenshoe option of 0.825 million shares from a capital increase. Additionally, another 0.5 million shares currently owned by paragon AG are to be placed. paragon AG will remain the company's majority shareholder, a role it does not intend to relinquish in the foreseeable future. The expected post-IPO free float will be approximately 40%.

Bankhaus Lampe KG will be the sole global coordinator for the IPO and acts as joint bookrunner alongside Hauck & Aufhäuser Privatbankiers AG.

Disclaimer

This publication does not constitute an offer to sell neither a solicitation of an offer to buy nor subscribe for any securities. No offer of securities of Voltabox AG is being, or will be, made to the public outside Germany and Luxembourg. A prospective offer in Germany and Luxembourg would be made exclusively by means of a securities prospectus to be published and filed with the German Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin). Such securities prospectus will be available at Voltabox's headquarters free of charge at a date still to be determined.

The offering will consist of a public offering in Germany and Luxembourg as well as private placements in certain other jurisdictions outside of Germany and Luxembourg including in the United States of America ("U.S.") under Regulation S of the Securities Act from 1933, as amended, (the "Securities Act") as well as to qualified institutional buyers in the U.S. under Rule 144A of the Securities Act.

Statements contained herein may constitute "forward-looking statements." Forward-looking statements are generally identifiable by the use of the words "may", "will", "should", "plan", "expect", "anticipate", "estimate," "believe", "intend", "project", "goal" or "target" or the negative of these words or other variations on these words or comparable terminology.

Forward-looking statements are based on current expectations and involve a number of known and unknown risks, uncertainties and other factors that could cause the Group's or its industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. There should not be any undue reliance placed on forward-looking statements. Moreover, the Group will not update or revise any published forward-looking statement that may be made herein, whether as a result of new information, future events or otherwise.

More information on paragon AG is available at www.paragon.ag/en/investors.

More information on Voltabox AG is available at www.voltabox.ag

Company Profile

paragon AG (ISIN DE0005558696), which is listed in the regulated market (Prime Standard) of the Frankfurt Stock Exchange, develops, produces and distributes products and systems in the field of automotive electronics, e-mobility and body kinematics. As a direct supplier to the automotive industry, the company's portfolio includes the Electronics operating segment's innovative air-quality management, state-of-the-art display systems and connectivity solutions, and high-end acoustic systems. With the Voltabox subsidiaries, the Group is also active in the rapidly growing Electromobility operating segment with its own lithium-ion battery systems developed in-house. In the Mechanics operating segment, paragon develops, produces and distributes adjustable body components such as adaptively extendable spoilers. paragon AG and its predecessors look back on almost 30 years of company history.

In addition to the company headquarters in Delbrück (North Rhine-Westphalia, Germany), paragon AG and its subsidiaries operate sites in Suhl (Thuringia, Germany), Nuremberg (Bavaria, Germany), St. Georgen (Baden-Württemberg, Germany), Bexbach (Saarland, Germany) and Aachen (North Rhine-Westphalia, Germany) as well as in Kunshan (China) and Austin, Texas (USA).

Financial Press & Investor Relations Contact

paragon AG

Dr. Kai Holtmann
Artegastrasse 1
33129 Delbrück, Germany
Phone: +49 (0) 52 50 - 97 62-140
Fax: +49 (0) 52 50 - 97 62-63
Email: kai.holtmann@paragon.ag