Hess extends subscription period and reduces price range

Subscription period extended until October 23, 2012, 12 noon (Central European Time) / Price range reduced to between € 15.50 and € 18.50 per share

Villingen-Schwenningen, (PresseBox) - Hess AG, one of the internationally established manufacturers of external and architectural lighting, has reduced the price range for the offered shares to between € 15.50 and € 18.50 and the offering period during which interested investors can subscribe for shares will be extended until October 23, 2012, 12 noon (Central European summer time). It is expected that a corresponding amendment no. 1 to the prospectus will be approved still today by the BaFin and published directly after its approval. The offering consists of a public offering in Germany, and an international private placing outside the United States of America, Australia, Japan and Canada. The final placement price will be derived from a bookbuilding process, and it is expected to be announced through an ad hoc announcement on October 23, 2012.

The share offering comprises up to 2,300,000 shares and a further up to 345,000 shares as part of a potential over-allotment from the holdings of the main shareholder, Hess Grundstücksverwaltungs GmbH & Co. KG; strategic investor HPE Pro Institutional Fund B.V. will not sell shares as part of the IPO. If the shares are fully placed, the gross issue proceeds for Hess AG will amount to around between € 35.7 million to € 42.6 million (without the Greenshoe option). The targeted free float will be around 50.7 % after the IPO if the offered shares are fully placed and the Greenshoe option is fully exercised.

Landesbank Baden-Württemberg ("LBBW") will manage the transaction as Lead Manager and Sole Bookrunner; Kempen & Co. N. V. ("Kempen") and M.M. Warburg & CO KGaA ("M.M. Warburg") will be the Co-Lead Managers.

This publication represents neither an offer to purchase nor the request of an offer for the purchase of securities. Hess AG securities are not, and will not be, offered publicly outside Germany. Any public offer in Germany occurs exclusively through and on the basis of a securities prospectus. The securities prospectus is published on the company's website (http://www.hess.eu), and is available free of charge in printed form from the company (Lantwattenstrasse 22, 78050 Villingen-Schwenningen, Germany, Fax 07721/920250), and from the Landesbank Baden-Württemberg, Am Hauptbahnhof 2, 70173 Stuttgart, Germany, Fax 0711/127-25198). Amendment no. 1 will be available in a corresponding form.

This publication represents neither an offer to purchase nor the request of an offer for the purchase of securities in the United States of America. Hess AG shares may not be offered or sold in the United States of America, or to "US Persons" (as defined in Regulation S of the US Securities Act of 1933, as amended (the "Securities Act")), or for the account of "US Persons", unless they are registered under the Securities Act or exempt from the applicable requirement requirements under the Securities Act. The shares were not, and are not, registered pursuant to the Securities Act.

This publication is for distribution only to

(i) individuals who have professional experience in matters relating to investments, or
(ii) individuals who fall under Article 49 (2) (a) to (d) ("high net worth companies", unincorporated associations etc) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, or
(iii) other individuals to whom they may be legally made accessible (whereby such individuals are together designated as "Relevant Persons").

This publication is addressed exclusively to Relevant Persons. Individuals who are not Relevant Persons may not act on the basis of trust in this publication. Any investment or investment activity relating to this publication is open exclusively to Relevant Persons, and will be entered into solely with Relevant Persons.

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