Nanogate reduces equity holding in Holmenkol AG

Deconsolidation to take place following reduction in equity holding to minority stake / No agreement as yet with fellow shareholder Nanostart on further strategic and operating development / Forecast for sales and EBITDA upheld

Göttelborn, Germany, (PresseBox) - Nanogate AG (ISIN DE000A0JKHC9), a leading international systems provider for nanotechnology, has reduced its shareholding in Holmenkol AG from 50% plus one share to just below 50 %. The reason for the decision is that so far no agreement has been reached with the other shareholder, Nanostart AG, on the further strategic and operational development of the company. This move means that Holmenkol AG will no longer be included in Nanogate's consolidated financial statements.

At the Holmenkol AG shareholders' meeting Nanogate announced that it had reduced its equity holding to just below 50 %. The decision was taken because talks with Nanostart on drawing up a forward-looking business strategy for the company have not yet been brought to a successful conclusion. "In recent months Nanogate has contributed considerable manpower and financial resources to the company - more so than our fellow shareholder has," said Ralf Zastrau, CEO of Nanogate AG. "Nanostart has equal rights and it is therefore essential that the two sides reach an agreement."

Nanostart AG will acquire the shares previously held by Nanogate and become the majority shareholder in Holmenkol. The Holmenkol shareholders' meeting approved the sale today concordantly. "Holmenkol has put in a positive operating performance in recent months and has good prospects for the future. However, as talks with Nanostart had come to a standstill, we had to reduce the risk for Nanogate by removing Holmenkol from the group of companies included in the consolidated financial statements as of December 2011," explained Ralf Zastrau.

Nanogate is still very interested in the sustainable further development of Holmenkol. Ralf Zastrau commented: "We have shown a high level of commitment in the past and are prepared to make appropriate contributions in the future as well. We are assuming that our fellow shareholder, with a majority holding, will also show a corresponding level of commitment."

Despite the new investment situation with Holmenkohl AG, Nanogate AG confirms its forecast for the 2011 financial year, believing that sales well in excess of EUR 30 million and an EBITDA margin of at least 10 % can be achieved.

Nanogate on Twitter: http://twitter.com/nanogate_ag

Disclaimer:

This publication constitutes neither an offer to sell nor an invitation to buy securities. The shares in Nanogate AG (the "Shares") may not be offered or sold in the United States or to or for the account or benefit of "U.S. persons" (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act")). No offer or sale of transferable securities is being made to the public outside Germany.

Nanogate AG

Nanogate is the leading international integrated systems provider for nanosurfaces, concentrating primarily on enhancing high-performance surfaces. The firm, which is based in Göttelborn (Saarland), enables the programming and integration of additional properties – such as non-stick, antibacterial, anti-corrosive and ultra-low friction – into materials and surfaces. As an enabler, Nanogate gains a competitive edge for its customers by means of product refinement using chemical nanotechnology. Nanogate covers a wide range of industries, functions and substrates. The company thus provides a decisive interface for the commercial use of chemical nanotechnology and bridges the gap between the suppliers of raw materials and industrial conversion into products. In doing so, Nanogate concentrates as an enabler on one of the most attractive segments in the industry. Nanogate has a unique combination of extensive materials expertise paired with comprehensive, first-class process and production know-how. As a systems provider, Nanogate covers the entire value chain, from the purchase of raw materials, to the synthesis and formulation of the material systems, right through to the enhancement and production of the finished surfaces. Nanogate focuses primarily on plastic and metal coatings for all surface types (two and three-dimensional components).

The Nanogate Group currently has approximately 250 employees in all and since commencing operations in 1999 has been a trailblazer in nanotechnology. The company has first-class customer references (e.g. Audi, BMW, Bosch-Siemens Haushaltsgeräte, Junkers, Kärcher, Hörmann Group, Opel and REWE International AG) and many years’ experience of different industries and applications. Several hundred projects have already gone into mass production. Nanogate has also entered into strategic cooperations with international companies such as the GEA Group and Dow Corning. Nanogate consists of Nanogate Industrial Solutions GmbH, Eurogard B.V., FNP GmbH for products in the sport/leisure sector, a majority stake in GfO Gesellschaft für Oberflächentechnik AG, and equity holdings in sarastro GmbH and Holmenkol AG.

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