DGAP-News: KTG Energie AG

DGAP-News: Corporate rating of KTG Energie AG adjusted to B

KTG Energie AG / Key word(s): Rating

15.06.2016 15:47

Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer / publisher is solely responsible for the content of this announcement.

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Corporate rating of KTG Energie AG adjusted to B

- Current situation of KTG Energie AG remains unchanged - Triggered by current development of the holding company

Hamburg, June 15, 2016. Creditreform Rating has adjusted the corporate rating of KTG Energie AG from BB+ (watch) to B with negative outlook. Sole reason for the adjustment according to Creditreform are the possible effects of the current development of the holding company KTG Agrar SE on the earnings and financing position of KTG Energie AG. Loans are contracted between the holding and the subgroup with the KTG Energie AG as debtor. Also, the holding granted guarantees and letters of comfort to subsidiaries in the subgroup. KTG Agrar SE is currently in delay of interest payment for the bond 2012/2017 (ISIN DE000A1H3VN9). The corporate rating of KTG Agrar SE had been suspended. Indeed the current situation of KTG Energie AG remains unchanged and loans granted by KTG Agrar SE were reduced, but based on the existing corporate relationships between both companies Creditreform sees higher risks for the supply with input materials and for the profitability and financing position of KTG Energie AG in the future. The rating outlook is negative by reason of the still uncertain development of KTG Agrar SE. KTG Energie AG regrets this decision by Creditreform, particularly because all requested information had been provided and the operative business has developed according to plan during the course of the first half year.

About KTG Energie AG KTG Energie AG is committed to an integrated, sustainable business model in which the production of renewable commodities does not compete with foodstuff production. With 85 employees at the end of 2015, KTG Energie AG operated biogas plants with a total capacity of more than 60 MW, which both feed processed biogas directly into the Natural Gas grid and use biogas for power production. From fiscal year 2015/2016, this will result in a secured sales base of up to EUR90 million and an EBITDA base of up to EUR28 million.

Contact: Investor Relations / Press Tobias M. Weitzel BSK Becker+Schreiner Kommunikation GmbH Phone: +49 2154-8122 16 E-mail: weitzel@kommunikation-bsk.de

15.06.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap.de

--------------------------------------------------------------------------- Language: English Company: KTG Energie AG Ferdinandstr. 12 20095 Hamburg Germany Phone: +49 40 76755372 Fax: +49 40 76755374 E-mail: info@ktg-energie.de Internet: www.ktg-energie.de ISIN: DE000A0HNG53, DE000A1ML257, WKN: A0HNG5, A1ML25 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart; Open Market (Entry Standard) in Frankfurt End of Announcement DGAP News-Service ---------------------------------------------------------------------------