Deutsche Rohstoff: Bond placement successfully completed

Deutsche Rohstoff AG

Deutsche Rohstoff: Bond placement successfully completed

Deutsche Rohstoff AG

Proceeds of approximately EUR 52.5 million/Trading starts on 11 July 2013

Heidelberg. Deutsche Rohstoff AG has successfully completed the placement of its first bond. Institutional and private investors subscribed bonds for a total of approximately EUR 52,5 million. Deutsche Rohstoff will use the proceeds from the bond immediately for the continuation of the horizontal drilling program of their oil and gas subsidiary Tekton Energy in the United States. Thomas Gutschlag, CFO of Deutsche Rohstoff, commented: “We are satisfied with the outcome of the placement. The market environment has become more difficult over the course of June. The funds from the bond issue put us in a position to carry out all currently planned and approved up to 80 horizontal drillings at Tekton with one drilling rig. ” Sole Leadmanager/Bookrunner of the issue was ICF Kursmakler AG. First Berlin Securities Brokerage acted as selling agent. Trading of the 8% interest bearing bond of Deutsche Rohstoff (A1R07G WKN, ISIN DE000A1R07G4) starts tomorrow. Tekton Energy plans to continue its horizontal drilling program next week. It is planned to successively drill five wells from the Pavistma South pad and to connect them afterwards. Production from these wells is expected to begin in the first half of November. The five wells are part of Tekton’s cooperation with Anadarko Petroleum. The two partners each hold working interest of approximately 50% in the wells. Following this, the drilling program will continue without interruption on Tekton acreage.

Heidelberg, 10 July 2013