DGAP-News: Tele Columbus AG: Tele Columbus AG successfully implements capital increase

PRESS RELEASE

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

Tele Columbus AG successfully implements capital increase

- Rights offering concluded

- Inflow of funds in a gross amount of approximately EUR 475 million expected

- Share capital of the Company increased by EUR 146,109,887.00 to EUR 273,666,138.00

Berlin, 12 May 2021. Tele Columbus AG (the "Company") (ISIN: DE000TCAG172, WKN: TCAG17), one of Germany's leading fibre network operators, has successfully implemented the capital increase by way of a rights offering resolved on 17 April 2021 and thus concluded the rights offering. All offered shares were either subscribed for based on the exercise of subscription rights or based on the acquisition of unsubscribed shares by Kublai GmbH, the majority shareholder of the Company. The gross proceeds generated by the capital increase will amount to approximately EUR 475 million. As previously announced, the gross proceeds will be used in particular to achieve a sustainable capital structure of the Company and to further implement its Fibre Champion strategy.

During the subscription period from 27 April 2021 to 10 May 2021, 139,411,373 new shares were subscribed based on subscription rights. A further 6,698,514 shares, for which subscription rights were not exercised, were acquired by Kublai GmbH, the majority shareholder of the Company, pursuant to a backstop agreement dated 21 December 2020 between the Company and Kublai GmbH, which was concluded in connection with the public takeover offer by Kublai GmbH.

The capital increase was entered into the commercial register of the Company today and thereby became effective. The share capital of the Company was thus increased by EUR 146,109,887.00 from EUR 127,556,251.00 to EUR 273,666,138.00 through the issuance of 146,109,887 new registered no-par value ordinary shares.

The new shares are entitled to dividends as of 1 January 2021, while the existing shares of the Company are entitled to dividends for the financial year as of 1 January 2020. The new shares will therefore initially have a different ISIN, WKN and ticker symbol than the existing shares. Following the Company's annual general meeting resolving on the distribution of dividends for the financial year ending 31 December 2020 (if any), currently scheduled for 28 May 2021, the new shares will be assigned the same ISIN, WKN and ticker symbol as the existing shares.

The admission to trading of the new shares on the regulated market of the Frankfurt Stock Exchange is expected to take place on 14 May 2021. The delivery of the new shares to the custodian banks is planned for 17 May 2021. Shareholders of the Company who have participated in the capital increase will subsequently receive the acquired shares in their depositary accounts. The first day of trading in the new shares is expected to occur on 17 May 2021.

***

About us

Tele Columbus AG is one of Germany's leading fibre network operators which reaches more than 3 million homes. Via its brand PŸUR, the Company, offers high-speed internet including telephony and more than 250 TV channels. All of this via a digital entertainment platform that combines linear TV with video on demand entertainment. To its housing association partners the Tele Columbus Group offers tailored models of cooperation and state-of-the-art services such as telemetric and tenant portals. As a full-service partner for municipalities and regional utilities, the Company is actively supporting the fibre-based infrastructure and broadband internet expansion in Germany. For its business customers the Group offers carrier services and corporate solutions on its proprietary fibre network. Besides its headquarter in Berlin, the Company has locations in Hamburg, Leipzig, Ratingen and Unterföhring/Munich. Since January 2015, Tele Columbus AG is listed on the regulated market (Prime Standard) of the Frankfurt Stock exchange.

Disclaimer

This publication is not for publication or distribution, directly or indirectly, in or into the United States of America, Canada, Australia or Japan. This publication constitutes neither an offer to sell nor a solicitation to buy securities. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration.

This publication may in the United Kingdom only be distributed to, and is only directed at, persons who are "qualified investors" within the meaning of Article 2 of Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018, and who are also (i) 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) 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 publication is directed only at Relevant Persons.