DGAP-News: creditshelf Aktiengesellschaft successfully raises gross proceeds of EUR 16.5 million

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PRESS RELEASE

creditshelf Aktiengesellschaft successfully raises gross proceeds of EUR 16.5 million

• creditshelf Aktiengesellschaft has placed 206,250 shares with investors at a fixed price of EUR 80.00 per share
• Implied market capitalization amounts to approx. EUR 106.5 million with a free float of more than 20%
• First day of trading on Frankfurt Stock Exchange expected on July 25th, 2018

Frankfurt, July 18th, 2018 - creditshelf Aktiengesellschaft ("creditshelf" or the "Company"; ISIN DE000A2LQUA5), a pioneer of online direct lending for the small and medium sized enterprises ("SME") segment in Germany that facilitates loans through a fast and easy to use online platform, www.creditshelf.com., has placed 206,250 shares in creditshelf with investors at a fixed price of EUR 80.00 per share.

Total gross proceeds raised in the capital increase amount to approx. EUR 16.5 million. The Company intends to use the net proceeds from the offering to fund further development of its proprietary data-driven risk analysis algorithm, to expand its product portfolio, to implement bank cooperations and to increase brand awareness via increased marketing. In addition, proceeds will be used to hire key personnel, to optimize working capital and for certain payouts under certain employee incentive agreements.

Dr. Tim Thabe, CEO of creditshelf, comments: "Our growth strategy and business model have been very well received by investors. Our assumption that creditshelf as market and technology leader for digital SME financing is operating in a very dynamic market with great potential was again confirmed by the great investor interest. After the successful IPO, we are now looking forward to implementing our growth strategy."

After the transaction the total market capitalization of creditshelf Aktiengesellschaft will amount to approx. EUR 106.5 million, with a free float of more than 20%. Approx. 39% of the total shares will remain with Hevella Capital GmbH & Co. KGaA (controlled by Rolf Elgeti) as the largest shareholder who will continue to act as long-term partner of creditshelf. Based on the strong demand, the backstop order previously provided by Hevella Capital, was not utilized. However, Obotritia Capital KGaA (controlled by Rolf Elgeti) has decided to subscribe for an additional amount of approx. EUR 1.5 million underlining its strong support for the Company. The founders Dr. Tim Thabe (via LDT Investment UG) and Dr. Daniel Bartsch (via DBR Investment UG) will hold 19.6% and 18.3% after the IPO.

Retail investors that placed orders with Commerzbank were allocated approximately 20% of the total placement volume of, in aggregate, 206,250 shares. All orders from retail investors will receive an allocation of approximately 90% of the respective order volume. The "Principles Governing the Allocation of Share Issues to Private Investors'' were observed and the allocation to retail investors in connection with the offering followed the same criteria for Commerzbank and their affiliated institutions.

Trading in the shares on the regulated market (Prime Standard) of the Frankfurt Stock Exchange is expected to commence on July 25th, 2018. The securities identification number (WKN) is A2LQUA, the international securities identification number (ISIN) is DE000A2LQUA5 and the trading symbol is CSQ.

Commerzbank acts as Sole Global Coordinator and Sole Bookrunner. Lazard acts as Financial Advisor to creditshelf.

About creditshelf
creditshelf is a pioneer of online direct lending for the small and medium sized enterprises ("SME") segment in Germany that facilitates loans through a fast and easy to use online platform, www.creditshelf.com. Founded in 2014, creditshelf is based in Frankfurt am Main, Germany and considers itself the market- and technology leader in the fast-growing German online direct lending segment for SME loans. creditshelf's platform ("creditshelf Platform") is designed to match the financing needs of German SME borrowers with investors willing to invest in SME loan receivables. In this process creditshelf offers to broker unsecured loans and thereby acts as an intermediary offering access to a highly attractive funding alternative for SMEs. At the same time, it offers access to the SME loan asset class for professional investors seeking for attractive investment opportunities. creditshelf's main competences are selecting suitable credit projects, analyzing the creditworthiness of potential borrowers, providing a credit scoring as well as an indicative coupon range. For its services, creditshelf receives fees from both, SME borrowers as well as from investors.

In the period from the launch of the creditshelf Platform in 2015 until end of Q1 2018, creditshelf received in total more than 1,100 loan applications with a total requested volume of approx. EUR 900 million. In total, 127 loans have been brokered through the creditshelf Platform with a total volume of approx. EUR 58 million.

creditshelf considers itself to be ideally positioned for future growth due to the high scalability of its platform business model, the strong demand from SME borrowers and the low market place lending penetration in the German SME segment to date. In addition, the Company has identified three pillars of additional growth: software development, potential future bank cooperations and a potential product portfolio expansion.

Contact:
cometis AG
Maximilian Franz
Telephone: +49(0)611 - 205855-22
Fax: +49(0)611 - 205855-66
Email: franz@cometis.de

DISCLAIMER

These materials may not be published, distributed or transmitted in the United States, Canada, Australia or Japan. These materials do not constitute an offer of securities for sale or a solicitation of an offer to purchase securities (the "Securities") of creditshelf Aktiengesellschaft (the "Company") in the United States, Australia, Canada or any other jurisdiction in which such offer or solicitation is unlawful. The Securities of the Company may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The Securities of the Company have not been, and will not be, registered under the Securities Act. There will be no public offering of the securities in the United States. The securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan subject to certain exceptions.

In the United Kingdom, this document is only being distributed to and is only directed at persons who (i) are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or (ii) are persons falling within Article 49(2)(a) to (d) of the Order (high net worth companies, unincorporated associations, etc.) (all such persons together being referred to as "Relevant Persons"). This document is directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this document relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.

In any EEA Member State other than Germany and Luxembourg that has implemented the Directive 2033/71/EC, as amended by Directive 2010/73/EC (the "Prospectus Directive"), this document is only addressed to and is only directed at "qualified investors" in that Member State within the meaning of Article 2(1)(e) of the Prospectus Directive.

This publication constitutes neither an offer to sell nor a solicitation to buy any securities. The securities have already been sold.

This document contains forward-looking statements. These statements are based on the current views, expectations, assumptions and information of the management of the Company. Forward-looking statements should not be construed as a promise of future results and developments and involve known and unknown risks and uncertainties. Various factors could cause actual future results, performance or events to differ materially from those described in these statements, and neither the Company nor any other person accepts any responsibility for the accuracy of the opinions expressed in this document or the underlying assumptions. The Company does not assume any obligations to update any forward-looking statements.