DGAP-Ad hoc: EASY SOFTWARE AG

DGAP-Adhoc: EASY SOFTWARE AG: Legal proceedings for indemnities

EASY SOFTWARE AG / Key word(s): Legal Matter

12.02.2016 13:49

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

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Mülheim an der Ruhr / Germany, February 12, 2016

By judgement of February 11, 2016, EASY SOFTWARE AG received today, the District Court Duisburg sentenced EASY Solutions GmbH, the former chairman of the supervisory board Manfred A. Wagner and the former member of the management board Josef Gemeri - jointly and severally liable - to pay damages amounting to EUR 400,000.00 plus interest to EASY SOFTWARE AG. Furthermore, EASY Solutions GmbH and Manfred A. Wagner were sentenced, jointly and severally, to pay further damages amounting to EUR 83,440.33 plus interest to EASY SOFTWARE AG. Moreover, the District Court Duisburg decided that Manfred A. Wagner and Josef Gemeri are obliged, jointly and severally, to compensate all further damages of EASY SOFTWARE AG that have resulted or will result from the guarantee to secure liabilities of EASY Solutions GmbH and from the settlement of liabilities of EASY Solutions GmbH amounting to a front ranking liability amount of EUR 400,000.00. Manfred A. Wagner furthermore has to compensate all damages that have resulted or will result from the guarantee to secure liabilities of EASY Solutions GmbH and from the settlement of liabilities of EASY Solutions GmbH exceeding a liability amount of EUR 400,000.00. The action against the former member of the supervisory board Wolfgang Glücks was dismissed.

According to the general assembly's resolution of August 28, 2013 on agenda item 11, the special representative appointed by the general assembly on July 26, 2012, on behalf of the Company, sued the aforementioned former members of the corporate bodies and EASY Solutions GmbH for expenditure and damages; after revocation of the representative, the management board and the supervisory board continued the legal proceedings.

The court decisions relate to a guarantee granted by EASY SOWFTARE AG to secure current account liabilities of EASY Solutions GmbH and the settlement of liabilities of EASY Solutions GmbH by EASY SOFTWARE AG as well as the claim for interest on the settlement of liabilities in favour of EASY Solutions GmbH. At the relevant point in time, EASY Solutions GmbH was not part of the EASY group; majority shareholder was IPM Industrie Participation Management M.A. Wagner GmbH, a company controlled by Manfred A. Wagner.

The court order is not yet final.

Further tort litigation is not yet completed.

EASY SOFTWARE AG The Management Board

12.02.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

--------------------------------------------------------------------------- Language: English Company: EASY SOFTWARE AG Am Hauptbahnhof 4 45468 Mülheim an der Ruhr Germany Phone: +49(0) 208 450 16-0 Fax: +49(0) 208 450 16-90 E-mail: investor@easy.de Internet: www.easy.de ISIN: DE0005634000 WKN: 563400 Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------