Gigaset AG: Current market trend

Munich, Mar 14, 2011

Pressrelease Gigaset AG:

After enquiries from several investors regarding the current market trend, Gigaset AG announces: Revenues, results and cash flow in 2011 are currently above target. At the same time Gigaset points out that the company has neither supply relations nor customer relations with Japan. The market trend in the last few days is strongly contradictory to the economic development of the company, according to Maik Brockmann of the Gigaset AG Executive Board.

The company points out that many certificates today fell below the so-called knock-out threshold with the last certificate of € 2.92 falling below the threshold by one cent for a few seconds. In a temporal context there were two individual sales of 100,000 shares en bloc.

The company will file charges with BaFin because of the suspicion of illegal share price manipulation.