PRESS RELEASE: Pacific Retail Merchants AG Completes IPO

Pacific Retail Merchants AG / Pacific Retail Merchants AG Completes IPO . Processed and transmitted by Thomson Reuters ONE. The issuer is solely responsible for the content of this announcement.

-- Gross proceeds amounting to EUR400,000

Munich, 5 June, 2013 -- Pacific Retail Merchants AG (ISIN: DE000A1PHEF0), the holding company of The PRM Group, a leading retailer of traditional dried seafood delicacies and Chinese herbal medicine and health supplements in Hong Kong, has completed its IPO. The Company has applied for listing on the General Standard of the Frankfurt Stock Exchange.

The subscription period closed according to plan on 5 June. A total of 200,000 ordinary bearer shares with no-par value generated from a capital increase were placed at an offer price of EUR2.00 with private investors within Germany and abroad. The gross issue proceeds for the company amounted to EUR400,000 and the free float amounts to 58%. Pacific Retail Merchants AG plans to use the funds from the IPO to further expand its profitable growth.

Commenting on the news, Ronny Yeung, Chief Executive Officer of Pacific Retail Merchants stated, "I am pleased to announce the successful completion of our IPO. Pacific Retail Merchants has achieved considerable growth within Hong Kong and the proceeds from this offering will be allocated toward our continued expansion within the Asian markets."

About Pacific Retail Merchants AG

Pacific Retail Merchants AG is the holding company of the PRM Group, which sells a variety of traditional dried seafood delicacies and Chinese herbal medicine and health supplements through its network of Company owned stores in Hong Kong. The Company also distributes products through its wholesale operation. PRM opened its first shop in Jordan along Nathan Road in Hong Kong in 1999. Today the operation comprises ten retail locations including a wholesale distribution warehouse with 55 full time employees

For further information please visit www.pacificretailmerchants.com or contact:

Ronny Yeung

Chief Executive Officer

Pacific Retail Merchants AG

ronny.yeung@giantluxury.com

IPO completion: http://hugin.info/157077/R/1707526/565466.pdf

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Source: Pacific Retail Merchants AG via Thomson Reuters ONE

HUG#1707526

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Pacific Retail Merchants AG

Rosenheimer Str. 145e Munich Germany

WKN: 000000;ISIN: DE000A1PHEF0;

Listed: General Standard in Frankfurter Wertpapierbörse,

General Standard in Frankfurter Wertpapierbörse;

http://pacificretailmerchants.com/ (END) Dow Jones Newswires

   June 05, 2013 15:42 ET (19:42 GMT)- - 03 42 PM EDT 06-05-13