ESSANELLE HAIR GROUP AG: Annual General Meeting agrees to squeeze-out

- Cash settlement of EUR 11.27
- Dividends of EUR 0.50 for 2013

Düsseldorf, 27/06/2014 - The Annual General Meeting of Essanelle Hair Group AG voted in Düsseldorf today to transfer the shares held by the minority shareholders in HairGroup AG via an upstream merger squeeze-out process. The minority shareholders will receive a cash compensation of EUR 11.27 Euro per share. When the squeeze-out is entered in the Commercial Registry, the minority shareholdings will transfer to HairGroup AG and the minority shareholders will receive the cash payment.

The Annual General Meeting also decided to formally discharge the Management Board and Supervisory Board of Directors for the 2013 business year. Furthermore the AGM followed the suggestion of the Management Board and Supervisory Board of Directors and decided to distribute a dividend for 2013 to the amount of EUR 0.50 per share.

Achim Mansen, chairman of the Management Board of Essanelle Hair Group AG: "We are delighted that on the basis of our good earnings in the 2013 business year we are once again in a position to pay a dividend of 50 cents to shareholders. Our focus in the future under a new name will continue to be on the company's good operational performance."