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E-Mobility Pioneer Voltabox AG Announces Price Range for Planned IPO

- Price range set to between EUR 20.00 and EUR 24.00 per share

- Fast-growing system provider of lithium-ion batteries expects placement volume of between EUR 126.5 million and EUR 151.8 million

- Voltabox wants to invest into further developing its product portfolio and expanding the existing production capacities while repaying a shareholder loan

- IPO will also provide growth opportunities via attractive acquisitions

- Subscription period: September 26, 2017 until most likely October 10, 2017

- Trading in the Prime Standard of the Frankfurt Stock Exchange expected to start on October 13, 2017

- Parent company paragon AG will remain majority shareholder for the foreseeable future; targeted post-IPO free float of about 40%

Delbrück, September 25, 2017 - Electro mobility pioneer Voltabox AG (ISIN DE000A2E4LE9) announces additional details of the planned initial public offering ("IPO") in the regulated market (Prime Standard) of the Frankfurt Stock Exchange. The company has set a price range of between EUR 20.00 and EUR 24.00 per share. The offer is to contain mainly five million new shares plus a greenshoe option of 0.825 million additional new shares from a capital increase. Parent company and existing shareholder paragon AG will also sell an additional 0.5 million shares in the offer. Based on the assumption that all offered shares will be fully placed, the placement volume is expected to range between EUR 126.5 million and EUR 151.8 million of which the company would generate between EUR 116.5 million and EUR 139.8 million in gross proceeds. The expected post-IPO free float will be approximately 40%. Parent company paragon AG intends to remain the majority shareholder of Voltabox for the foreseeable future.

Subject to the approval of the prospectus by the German Federal Financial Supervisory Authority ("BaFin"), which is expected over the course of today, the period during which institutional investors can subscribe to the offered shares is to commence on September 26, 2017 and end on October 10, 2017 at 2:00 (pm) Continental European Summer Time. The period during which retail investors can subscribe to the offered shares via the subscription functionality of the Frankfurt Stock Exchange is to commence on September 27, 2017 and end on October 10, 2017 at 12:00 noon Continental European Summer Time.

Trading in the Prime Standard segment is expected to start on October 13, 2017. Details on the offer will be contained in the prospectus that the company has submitted for approval to the BaFin and will be subsequently published.

Planned IPO to finance next growth spurt

"We want to use the proceeds towards systematically developing our products further, expanding our production capacity and accessing new specialty markets," says Jürgen Pampel, CEO of Voltabox AG. "In this effort, we will benefit particularly from the trend towards electro mobility in the industry. We have succeeded in almost doubling our revenues each year since the spin-off in 2014. We have a strong order backlog of about EUR 805 million and expect revenues to already reach about EUR 100 million in 2019."

Voltabox's core business lies in advanced lithium-ion based battery systems for industrial use in demanding market segments with strong growth potential. They are currently used in forklifts, mining vehicles, trolleybuses for local public transportation, automated guided vehicles and high-performance motorcycles.

"Voltabox's battery systems fit the needs of our times. They are economical, intrinsically safe and have already stood the test of time in many industrial applications," says Klaus D. Frers, Chairman of the Voltabox AG Supervisory Board and CEO of parent company paragon AG. "The planned IPO will enable Voltabox to grow into a new dimension and quickly exploit the potential of the industrial electro mobility market."

Planned investments in R&D and production

Voltabox intends to use the proceeds from the planned IPO to access additional lucrative specialty markets for industrial applications as well as select mass-market segments. Beyond systematically developing its product portfolio further and expanding the existing production capacity, Voltabox also plans to use the proceeds towards repaying an approximate EUR 16 million shareholder loan to its parent company, paragon AG. The proceeds are also expected to support additional growth via value-add acquisitions.

The IPO is to include a public offering in Germany and Luxembourg as well as private placements in certain other jurisdictions outside of Germany and Luxembourg. In the U.S.A., the planned offer is to target only qualified institutional buyers ("QIBs") under Rule 144A of the United States Securities Act of 1933, as amended (the "Securities Act"). The final issue price for the offered shares will be determined and published at the end of the offer period, i.e. most likely on October 10, 2017. Bankhaus Lampe KG will be the IPO's sole global coordinator and act as joint bookrunner alongside Hauck & Aufhäuser Privatbankiers AG.

The shares of Voltabox AG will trade under the international securities identification number (ISIN) DE000A2E4LE9 and the German securities identification number (WKN) A2E4LE. The prospectus will be available for downloading from the Voltabox website (www.voltabox.ag) in the "Investor Relations" section after approval by the BaFin.

Disclaimer

This publication does not constitute an offer to sell nor a solicitation of an offer to buy or subscribe for any securities. No offer of securities of the Voltabox AG is being, or will be, made to the public outside Germany and Luxembourg. A prospective offer in Germany and Luxembourg would be made exclusively by means of a securities prospectus to be published and filed with the BaFin. Upon the approval by BaFin, such securities prospectus will be made available free of charge at Voltabox AG, Artegastraße 1, 33129 Delbrück and at www.voltabox.ag/en.

The offering will consist of a public offering in Germany and Luxembourg as well as private placements in certain other jurisdictions outside of Germany and Luxembourg including in the United States of America under Regulation S of the Securities Act as well as to qualified institutional buyers in the U.S.A. under Rule 144A of the Securities Act.

Statements contained herein may constitute "forward-looking statements." Forward-looking statements are generally identifiable by the use of the words "may", "will", "should", "plan", "expect", "anticipate", "estimate," "believe", "intend", "project", "goal" or "target" or the negative of these words or other variations on these words or comparable terminology.

Forward-looking statements are based on current expectations and involve a number of known and unknown risks, uncertainties and other factors that could cause the group's or its industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. You should not place undue reliance on forward-looking statements and the group does not undertake publicly to update or revise any forward-looking statement that may be made herein, whether as a result of new information, future events or otherwise.

About Voltabox AG

Voltabox is a high-growth e-mobility system provider for industrial applications. Its core business lies in intrinsically safe, highly developed high-performance lithium-ion batteries that are modular and in serial production. The battery systems are used in buses for public transportation, forklifts, automated guided vehicles and mining vehicles. The company also develops and produces high-quality lithium-ion batteries for selected mass market applications, such as high performance motorcycles. Voltabox has production sites at its headquarters in Delbrück, Germany, and in Austin, Texas, as well as a development site in Aachen, Germany. Additional information about Voltabox can be found at www.voltabox.ag/en/.

Contacts

Voltabox AG

Dr Kai Holtmann
Artegastraße 1
D-33129 Delbrueck
Phone: +49 (0) 52 50 - 99 30-964
Fax: +49 (0) 52 50 - 99 30-901
E-Mail: kai.holtmann@voltabox.ag