The decision was taken due to the sharpened economic situation in Greece
and the impact on the global financial markets. In the current capital
market environment the Management Board does not see any possibility to
list the company on the stock exchange at an appropriate valuation.
The postponement of the IPO does not have a significant influence on the
positive business performance of Chorus Clean Energy AG. The company will
continue to monitor the capital market with regard to an appropriate timing
to possibly resume the IPO.
