Press Release

Please note the following press release. This press release is available at our homepage.

SMT Scharf AG’s main shareholders, advised by HEUKING, sell a majority stake of about 52.7% to new strategic core shareholder / Admission of shares to Regulated Market scheduled

Corporate and Capital Markets experts Dr. Mirko Sickinger, LL.M., Partner, and Lena Pfeufer, Salaried Partner, both based at HEUKING’s Cologne office, advised SMT Scharf AG, which is listed on the Open Market of Munich Stock Exchange (m:access), on the sale of about 52.7% of its shares in the company to Yankuang Energy Group Company Ltd. (“Yankuang”), a major Chinese energy company. The advisory services related to contract drafting as well as accompanying matters of corporate and capital markets law.

Closing is subject to the meeting of customary closing conditions, in particular the conclusion of public law investment control proceedings in Germany and in other jurisdictions of SMT Scharf AG subsidiaries, as well as the approval of the competent Chinese authorities.

Heuking further advises SMT Scharf AG on the intended uplisting of its shares to the Regulated Market of Frankfurt Stock Exchange and its Prime Standard subsegment with additional post-admission obligations.

SMT Scharf AG welcomes the fact that strategic investor Yankuang will hold a majority interest in the company in the future and considers this a pivotal move towards achieving far-reaching synergies. SMT Scharf group develops, builds, and maintains transportation equipment for underground mining and tunnel construction sites. Its main products include rail-bound transport systems that are used worldwide, primarily in coal mines and for the underground mining of gold, platinum, and other ores.

Counsel to SMT Scharf AG

HEUKING:

Dr. Mirko Sickinger, LL.M. (Lead),

Lena Pfeufer,

Dr. Kirsten Thiergart,

Franziska Marisa Decker, M.A. (all Corporate and Capital Markets), all Cologne