PETROTEC AG / Capital Increase/Capital Increase 28.05.2009 Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Ad hoc disclosure pursuant to section 15 WpHG Petrotec places capital increase successfully Borken, May 28, 2009 - Today the management and the supervisory board of Petrotec AG have resolved, according to § 4 para 2 of the articles of association, to use the Authorized Capital I 2006 and to increase the registered share capital without subscription right by EUR 1,049,999 against contribution in cash. IC Green Energy Ltd., Israel, the majority shareholder, subscribed 1,049,999 new bearer shares without par value (roughly 10% of the existing share capital) at an issue price of EUR 1.000001 per share. Petrotec receives a gross capital inflow of roughly EUR 1,05 Mio. Thus, IC Green Energy Ltd. fullfils in due time another condition of the Federal Financial Supervisory Authority (BaFin) which had been stated in context of the exemption from the obligation to submit a mandatory takeover according to the German Securities Acquisition and Takeover Act (WpÜG). The cash inflow from the capital increase is an important component to realize the restructuring of Petrotec-Group. After registration of the capital increase at the commercial register the share capital is increased by EUR 1,049,999 to EUR 11,549,999. The management board plans that the new bearer with dividend entitlement from 1 January 2009 will be admitted to the regulated market at Frankfurt Stock Exchange promptly after the registration of the capital increase at the commercial register. Disclaimer As far as this ad hoc release contains forward-looking statements, these forward-looking statements are based on current assumptions and forecasts made by the management of Petrotec AG and other information currently available to Petrotec. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Petrotec does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments. About PETROTEC Since November 2006, Petrotec AG has been listed in the Prime Standard segment of the Frankfurt Stock Exchange under WKN PET111, ISIN DE000PET1111. Petrotec is one of the pioneers of the German biodiesel industry. The company started as early as 1998 with the development of a process to produce biodiesel from used frying and deep-frying oil. Petrotec's first industrial biodiesel production plant went turn-key in 2000. Petrotec's proprietary technology is capable of transforming virgin vegetable oils such as rapeseed, soybean or palm oil as well as hard-to-process oils and fats such as used cooking oils, animal fats and oils or fish oil in a single fully continuous process into biodiesel and, thus, is truly a multi-feedstock technology. The annual capacity of the plant in Borken (Westphalia), Germany, is 85,000 t biodiesel. In the first half of 2008 a second production has commenced operations in the deep-sea port of Emden with an annual capacity of 100,000 t. Unlike many of its competitors, Petrotec in its ongoing operations has for years now primarily produced biodiesel from used cooking oils in a fully continuous process. Treated used cooking oils as feedstock for biodiesel production is up to 50 percent cheaper to procure than the rapeseed oil predominantly used by Petrotec's rivals in Europe. This enhances Petrotec's cost-competitiveness over other manufacturers of biodiesel, as 70 up to more than 90 percent of biodiesel production costs relate to raw materials. - End of the disclosure - DGAP 28.05.2009 --------------------------------------------------------------------------- Language: English Issuer: PETROTEC AG Fürst-zu- Salm-Salm-Str. 18 46325 Borken-Burlo Deutschland Phone: +49 (0)2862 9100 19 Fax: +49 (0)2862 9100 99 E-mail: info@petrotec.de Internet: www.petrotec.de ISIN: DE000PET1111 WKN: PET111 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, München, Hamburg, Düsseldorf, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: PETROTEC AG:capital increase successfully placed
| Source: EQS Group AG