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2016-01-25

Valartis Group AG : SIX Exchange Regulation approves Valartis Group AG application for an extended deadline for publication of their 2015 Annual Report

Valartis Group AG / SIX Exchange Regulation approves Valartis Group AG
application for an extendeddeadline for publication of their 2015 Annual
Report . Processed and transmitted by NASDAQ OMX Corporate Solutions.The
issuer is solely responsible for the content of this announcement.
Due to the definitive moratorium, declared on 23 November 2015 and extended
for six months to 23 May 2016 by the Cantonal Court of Zug, on 22 December
2016, the Board of Directors of Valartis Group AG applied to SIX Exchange
Regulation for an extended deadline for publication of the 2015 consolidated
accounts of Valartis Group and the 2015 annual accounts of Valartis Group AG.
On 18 January 2016, SIX Exchange Regulation approved the extended deadline to
7 June 2016, at the latest. This means that the annual results media
conference for 2016 will take place by 7 June 2016, at the latest, and the
2016 Ordinary General Meeting will take place on 28 June 2016.

In their wording: Decision of SIX Exchange Regulation from 18 January 2016,
letter of intent

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| I Postponement of publication of the 2015 Annual Report and submittance of that |
| report to SIX Exchange Regulation by 7 June 2016, at the latest, has been |
| approved subject to the following provision and in accordance with the |
| following conditions: |
| a) Valartis Group AG must publish a media release pertaining to the present |
| decision within five trading days after receipt of this decision, prior to |
| 07.30 a.m., in accordance with the provisions of ad hoc publicity (Art. 53 of |
| the Listing Regulations in conjunction with the guidelines pertaining to ad |
| hoc publicity). The media release must include the complete wording of part I |
| of the present decision. In addition, the ad hoc publication must include the |
| grounds for postponement of publication and submittance of the 2015 Annual |
| Report. |
| b) A draft of the ad hoc publication must be submitted for approval to SIX |
| Exchange Regulation via e-mail by 16.00, at the latest, on the penultimate |
| day of the time limit, in accordance with letter I a) of the present |
| decision. |
| c) SIX Exchange Regulation reserves the right temporarily to discontinue trading |
| with Valartis Group AG securities if they fail to publish the 2015 Annual |
| Report, and submit that report to SIX Exchange Regulation by 7 June 2016, at |
| the latest, in accordance with the provisions of ad hoc publicity (Art. 53 of |
| the Listing Regulations in conjunction with the guidelines pertaining to ad |
| hoc publicity). |
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***

Postponement of 2016 results media conference and 2016 General Meeting

The Board of Directors and the Executive Management of Valartis Group AG
currently do not expect publication of the 2015 consolidated accounts of
Valartis Group and the 2015 annual accounts of Valartis Group AG to take
place within the statutory period of four months following the 2015 balance
sheet date (in accordance with Art. 49 - 51 and 53 of the Listing Regulations
in conjunction with the guidelines pertaining to ad hoc publicity). For that
reason, an application was made for an extended deadline for publication by 7
June 2016, at the latest, i.e. following the end of the definitive moratorium
and with an adequate period in which to convene the Valartis Group AG
shareholders' Ordinary General Meeting, which will take place on 28 June
2016.

Background information/Framework conditions

With a view to the rapid implementation of its recovery plans, the Board of
Directors of Valartis Group AG and Valartis Finance Holding AG decided to
divest the two private banks: Valartis Bank (Austria) AG and Valartis Bank
(Liechtenstein) AG. In the case of Valartis Bank (Austria) AG, signing of
sales contracts took place on 18 December 2015. Closing is currently expected
to take place around three months following signing. In Liechtenstein,
currently, sales negotiations are being conducted and discussions are being
expedited. Fruitful completion of both transactions represents a major
requirement for the success of recovery - and, thus, an end to the moratorium
- and also for the assumptions made in the consolidated accounts and the
individual financial statements based on going-concern values.

Agenda 2016

--------------------------------------------------------
| Results media conference 7 June 2016, at the latest |
| General Meeting 28 June 2016 |
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For further information, please contact:

Kim-My Schefer, Head Corporate Communications&Marketing
Tel. +41 44 503 54 02,corporate.communications@valartis.ch

Valartis Group
Valartis Group is an international finance group represented today with
offices in Liechtenstein, Austria, Switzerland as well as Luxembourg and
Moscow. The Group's holding company is domiciled in Switzerland and is listed
on the SIX Swiss Exchange. Valartis Finance Holding AG in Liechtenstein
comprises the operations of the private banking and wealth management
divisions, together with the private equity operations of ENR Russia Invest
S.A. Valartis Finance Holding AG is subject to the consolidated banking
supervision by the Financial Market Authority of Liechtenstein (FMA).
Valartis Group's core markets include Central and Eastern Europe, the Middle
East and certain countries in North and South America and Asia.
www.valartisgroup.ch

Press release (PDF)
http://hugin.info/143135/R/1980904/725705.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Valartis Group AG via Globenewswire

HUG#1980904

Författare WKR

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