NOT FOR DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, JAPAN OR OTHER COUNTRIES IN WHICH DISTRIBUTION OR PUBLICATION IS UNLAWFUL. FURTHER LIMITATIONS APPLY. PLEASE NOTE THE IMPORTANT INFORMATION AT THE END OF THIS PUBLICATION.

Voltabox AG IPO: Announcement of the Allocation Rules for the Offer to Private Investors

Delbrück, October 11, 2017 - As part of Voltabox AG's IPO, 6.325 million shares (including 0.825 million shares as part of an overallotment and 0.5 million shares from the sale by the parent company paragon AG) of Voltabox AG were placed with investors. The shares of Voltabox AG are to be listed on the regulated market of the Frankfurt Stock Exchange (Prime Standard) under the symbol VBX, the ISIN DE000A2E4LE9 and the WKN A2E4LE on October 13, 2017. At the issue price of EUR 24.00, the IPO of Voltabox AG was approximately ten times covered. Due to the oversubscription of the offer, not all purchase offers by private investors could be accounted for in the allocation. Private investors were allocated approximately 10.2 % of the placement volume, which totaled 6.325 million shares.

The subscription offers submitted via the XETRA subscription functionality of the Frankfurt Stock Exchange (the "Subscription Functionality") were served according to the following allocation key: Only those subscription offers submitted at the final offer price of EUR 24.00 per share were serviced. Subscription orders for less than 5 shares were not serviced, while subscription orders for 5 to 50 shares were serviced with 5 shares each (minimum allocation). Subscription orders for more than 50 shares were allocated 10 % of the respective subscription volume, using commercial rounding and capped at a maximum allocation of 400 shares per subscription order.

Investors will receive a separate securities statement from their custodian bank when the shares are allotted; investors will also receive further information from the custodian bank on the shares allotted to them. The "Principles for the Allocation of Share Issues to Private Investors" issued by the Stock Exchange Expert Commission of the Federal Ministry of Finance on June 7, 2000, were observed and the allocation for subscription offers received via the Subscription Functionality was carried out according to uniform criteria.

There was no preferential allocation to members of the executive bodies of Voltabox AG nor to their relatives, nor to the employees or business partners of Voltabox AG.

In addition to the placement of 5.0 million new shares from an ordinary capital increase and 0.5 million shares from paragon AG's portfolio, the joint bookrunners have made full use of their right to make overallotments of up to 0.825 million additional shares held by paragon AG via a securities loan. If the "greenshoe option" is exercised by the joint bookrunners, the securities loan is to be covered by shares from a capital increase from authorized capital that is yet to be exercised.

Important Information

This publication constitutes neither an offer to sell nor a solicitation of an offer to purchase nor an invitation to subscribe to securities. A public offer of Voltabox AG securities outside Germany and Luxembourg will not take place and is not planned. The offer in Germany and Luxembourg was made exclusively on the basis of the published securities prospectus deposited with the Federal Financial Supervisory Authority (BaFin). Free copies of the securities prospectus are available from Voltabox AG (Artegastrasse 1, 33129 Delbrück) as well as from the company's website (http://www.voltabox.ag). The offer has ended. It is no longer possible to subscribe for Voltabox AG shares via this offer.

The information contained herein does not constitute an offer to sell securities nor a solicitation of an offer to purchase securities in the United States of America, Canada, Australia, Japan or any other jurisdiction in which such offers may be restricted by law. The securities referred to herein are not and will not be registered under the currently valid version of the United States Securities Act of 1933 (Securities Act), nor registered with a state securities regulator or other competent authority in the United States of America. They may not be offered or sold within the United States, except in accordance with an exemption from registration under the Securities Act, or in connection with legal transactions that are not subject to registration under the Securities Act, or in accordance with the applicable securities laws of a State or any other competent jurisdiction of the United States of America. There will be no public offer of securities outside Germany and Luxembourg.

In the United Kingdom, this document is only distributed to and directed at persons who (i) are professional investors falling within the scope of Article 19 (5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 in its currently valid version (the Regulation), or (ii) persons falling within the scope of Article 49 (2)(a) to (d) of the Regulation (high net worth companies, unincorporated associations, etc.) (collectively referred to as Relevant Persons). This document is directed only at Relevant Persons; persons who are not Relevant Persons may not act or rely on the basis of this document. Any investment or investment activity to which this document relates is open only to Relevant Persons and will only be entered into with Relevant Persons.

Statements contained herein may constitute "forward-looking statements". Forward-looking statements can be identified by words such as "could", "will", "should", "plans", "expects", "anticipates", "estimates", "believes", "intends" and "aims", in addition to their negative forms or corresponding modifications and comparable terms.

Forward-looking statements are based on current expectations and involve a number of known and unknown risks, uncertainties and other factors that could cause actual results, levels of utilization, developments and achievements within the Group or the industry in which it operates to differ materially from those expressed or implied. No undue reliance should be placed on forward-looking statements. The Group will not update or revise these forward-looking statements based on new information, future events or any other reason.

Additional information about Voltabox AG can be found at www.voltabox.ag.

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