Corporate Update and Outlook

Management and Supervisory Board have decided to further focus the activities of Deutsche Rohstoff AG (DRAG) to accelerate the growth of the company. All resources will be concentrated on projects or subsidiaries, that have the potential to achieve a value of more than EUR 100 million within the next two to three years. The Management estimates that the following projects currently meet these criteria: Wolfram Camp/Bamford Hill, Tekton Energy, Rhein Petroleum and Tin International. The rare earth deposit Storkwitz could attain this status in the midterm. For all other projects various options are being examined, including divestment.