Jungfraubahn Holding AG

EQS-Adhoc: Jungfraubahn Holding AG: Jungfrau Railway Group submitted a conversion and purchase offer for holders of Harderbahn AG and BLM AG bearer shares


EQS Group-Ad-hoc: Jungfraubahn Holding AG / Key word(s): Investment
Jungfraubahn Holding AG: Jungfrau Railway Group submitted a conversion and
purchase offer for holders of Harderbahn AG and BLM AG bearer shares

01.02.2016 / 07:00
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.

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Media ReleaseJungfraubahn Holding AGMonday, 1st February 2016  


Jungfrau Railway Group submitted a conversion and purchase offer for holders of
Harderbahn AG and BLM AG bearer shares

To simplify its corporate structure, Jungfraubahn Holding AG wants to hold its
subsidiaries, Harderbahn AG and Bergbahn Lauterbrunnen-Mürren AG (BLM), as 100%
subsidiaries within the affiliated group. Following receipt by the subsidiary
executive boards of a second opinion on the takeover bid, holders of bearer
shares will today, 1 February 2016, be presented with a conversion and purchase
offer.

With the aim of simplifying administration, making better use of synergies and
avoiding the time-consuming registration requirements of holders of bearer
shares and the associated monitoring, Jungfraubahn Holding AG (JBH) will
streamline its corporate structure and with appropriate restructuring measures,
hold the Harderbahn AG and the BLM AG as 100%-owned subsidiaries. Following
advance information from the executive boards of Harderbahn AG and BLM AG in
December 2015 and the involvement of an independent body to carry out an
assessment in the form of a second opinion, the shareholders will receive a
purchase and conversion offer today, 1 February 2016.

Offer based on evaluation of the companies

The conversion ratios for both the Harderbahn AG and BLM AG were based on
company evaluations carried out by Gfeller & Partner AG, Bern. The executive
board members of each subsidiary confirmed the respective conversion ratio after
it had been verified by a second opinion from The Corporate Finance Group AG,
Bern.

The following offer applies to shareholders of theHarderbahn AG:

-  Conversion of one bearer share HB nom. CHF 50 in 4 registered shares JBH nom.
CHF 1.50 or  CHF 360 in cash.

For bearer shares HB nom. CHF 5, CHF 36 will be paid out in cash. The following
applies for the conversion of registered JBH shares nom. CHF 1.50 (JFN):

- For 3 HB nom. shares CHF 5:  1 JFN share and CHF 18 in cash

- For 5 HB nom. shares CHF 5:  2 JFN shares

- For 8 HB nom. shares CHF 5:  3 JFN shares and CHF 18 in cash

- For 10 HB nom. shares CHF 5:  4 JFN shares

- etc.

The following offer applies to shareholders ofBergbahn Lauterbrunnen-Mürren AG:

-  Conversion of one BLM bearer share into 2 registered JBH nom. shares CHF 1.50
or

CHF 190 in cash.

The offer will remain valid until 4 March 2016

At the end of the offer period, Jungfraubahn Holding AG will convert its
tendered bearer shares of the Harderbahn and BLM to its own shares or compensate
them, regardless of the number. At the end of the conversion period it will
inform you of your new quota and make a decision on how to proceed. The offer
period will begin on 1 February 2016 and run until 4 March 2016. Jungfraubahn
Holding AG reserves the right to extend the conversion period.

With the takeover offer, the group is reacting to the new regulations for the
registration of ownership of bearer shares and taking this as an opportunity to
simplify the structure of the Jungfraubahn Group. The proposed transaction will
cost Jungfraubahn Holding AG around 2 million Swiss francs.

The detailed purchase and conversion offer for shareholders of the Harderbahn AG
and Bergbahn Lauterbrunnen-Mürren AG as well as any other related publications
can be found at:www.jungfrau.ch/jbh-offer

Link to website:http://www.jungfrau.ch/en/company/investment/ad-hoc/jbh/2016/

For questions:

Urs Kessler, CEO, Chairman of the Management Board
+41 (0)79 407 90 52

End of ad hoc announcement

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01.02.2016 News transmitted by EQS Schweiz AG. www.eqs.com - news archive:
http://switzerland.eqs.com/de/News

The issuer is responsible for the contents of the release.
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Language: English

Company:  Jungfraubahn Holding AG

          Harderstrasse 14

          3800  Interlaken

          Switzerland

Phone:    +41 33 828 71 11

Fax:      +41 33 828 72 64

E-mail:info@jungfrau.ch

Internet: www.jungfrau.ch

ISIN:     CH0017875789

Valor:    A0CACJ

Listed:   Regulated Unofficial Market in Stuttgart; SIX


End of News EQS Group News Service
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