iQ Power AG

DGAP-Adhoc: Conclusion of Capital Increase and Payoff of Convertible Bond 2010

iQ Power AG  / Key word(s): Capital Increase/Miscellaneous

03.12.2013 13:26

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


iQ Power AG: Conclusion of Capital Increase and Payoff of Convertible Bond

  - 61,3 million shares subscribed the latest phase of the rights issue and
    private placement

  - Total placement of the 1st tranche equals 74% of total (139,9 million

  - Total subscription was approximately Euro 1,7 million (Euro

  - Re-payment of Convertible Bond 2010

  - Total number of shares common and preferred are now approx. 788,1

  - Listing of the new preference shares (WKN A0DQVL / ISIM CH0199540599)
    in Stuttgart

Zug/Switzerland, 03 December 2013 - iQ Power AG (ISIN: CH0020609688, German
Securities Code Number (WKN): A0DQVL; ISIN: CH0199540599, German Securities
Code Number (WKN): A1J7TW), a developer and marketer of technologies for
environmentally friendly and technologically leading starter batteries for
motor vehicles and licences in these technologies, provides a status report
on the 1st tranche of the capital increase and the convertible bond 2010.

In April 78,6 million shares were subscribed by existing shareholders
through a rights issue (WKN A0DVQL / ISIN CH0199540599). After an extension
of the private placement, the 1st tranche of the capital increase was
concluded in November, 2013. In this timeframe, an additional 31,5 million
shares were subscribed through a rights offering and approximately 30,0
million shares were subscribed through private placement. Together with the
rights offer in April, this represents 74% of the 139,9 million shares
offered for a total of Euro 1,7 million. The total number of common and
preferred shares were thereby increased to 788,1 million.

As announced, following the registration in the commercial register, the
outstanding bonds from the convertible bond 2010 (ISIN: CH0117571825,
CH0117572393), which ran out on 31.October.2013, will be paid this week to
remaining bondholders, including extra interest for the time of the payment

The conclusion of the capital increase is the pre-requisite for the listing
of the new preference shares (WKN A0DQVL / ISIN CH0199540599) fulfilled. As
currently planned, the trading will take place on the Stuttgart Exchange
following completion of all formalities.

During the capital increase of 2012, the Korean Consortium pledged to
purchase  a certain amount of all remaining shares from the rights issue.
In November the Korean Consortium was able to fulfil this obligation.

Bull & Hatch Limited (Hong Kong) subscribed, through a Director of the
company, to a six-figure Euro amount. The total subscribed did not equal
the amount previously committed in the contract from December 2012. Due to
the close working relationship with Discover Energy, iQ Power has decided
not to negotiate this matter further.

New investments are possible in the future.

The Management

About iQ POWER
iQ Power develops and markets technologies for new types of starter
battery. At the heart of this technology are the world's first starter
batteries to feature more efficient automated electrolyte mixing with
passive elements - a patent of iQ Power.

For iQ Power's licensees, the new generation of starter batteries offers
significant advantages in terms of increased customer benefit, higher
product reliability and life cycle stability, a longer useful life and
improved environmental and resource protection. In 2010, this ecological
innovation won iQ Power the prestigious Automechanika Innovation Award for
outstanding product innovation.

As a stock corporation, iQ POWER AG is a listed company. The company's
securities are traded on the regulated market (General Standard) of the
German Stock Exchange in Frankfurt, over the counter on the stock exchanges
in Berlin, Düsseldorf, Munich and Stuttgart as well as via XETRA (ISIN:
CH0020609688, German Securities Code Number (WKN): A0DQVL, IQPB).

Company Contact:
iQ Power AG
Metallstrasse 6
6304 Zug

Investor Relations Contact:
GFEI Aktiengesellschaft
Am Hauptbahnhof 6
60329 Frankfurt am Main
Tel.: +49 (0)69 - 74 30 37 00
Fax: +49 (0)69 - 74 30 37 22


Language:     English
Company:      iQ Power AG
              Metallstrasse 6
              6304 Zug
Phone:        +41 41 7680360
Fax:          +41 41 768 03 68
ISIN:         CH0020609688
WKN:          A0DQVL
Listed:       Regulierter Markt in Frankfurt (General Standard);
              Freiverkehr in Berlin, Düsseldorf, München, Stuttgart

End of Announcement                             DGAP News-Service



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