Target company: Pfeiffer Vacuum Technology AG; Bidder: Pangea GmbH Dissemination of an announcement according to the German Securities Acquisition and Takeover Act (WpÜG), transmitted by DGAP - a service of EQS Group AG. The bidder is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Publication of the decision to launch a public takeover offer in accordance with § 10 para. 1 sentence 1 in conjunction with § 29 para. 1 and § 34 of the German Securities Acquisition and Takeover Act Bidder: Pangea GmbH Schauinslandstraße 1 79689 Maulburg Deutschland Target Company: Pfeiffer Vacuum Technology AG Berliner Straße 43 35614 Aßlar Deutschland registered with the commercial register of the local court of Wetzlar under HRB 44. ISIN: DE0006916604 The publication of the offer document will be made on the internet under http://www.offerbuschvacuum.com upon approval by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht). Information of the Bidder: Pangea GmbH (the 'Bidder'), a subsidiary of Busch SE, decided to offer to the shareholders of Pfeiffer Vacuum Technology AG ('Pfeiffer Vacuum') by way of a voluntary public takeover offer to acquire their no-par value shares in Pfeiffer Vacuum Technology AG, each representing a notional amount of EUR 2.56 in the registered share capital (ISIN: DE0006916604), against payment of a cash consideration of EUR 110.00 per share (the 'Cash Consideration'). The settlement of the voluntary public takeover offer will occur only after the annual general meeting of Pfeiffer Vacuum will have taken place on 23 May 2017 and therefore after the payment of the dividend of EUR 3.60 per share announced by the management board and the supervisory board of Pfeiffer Vacuum for the financial year 2016. Shareholders who accept the voluntary public takeover offer can thus receive this dividend under the applicable conditions in addition to the Cash Consideration. The completion of the takeover offer will be subject to certain conditions. Apart from this, the offer will be made on and subject to the terms and conditions yet to be communicated in the offer document. Important information: This announcement neither represents an offer to purchase or sell nor a solicitation of an offer to purchase or sell shares in Pfeiffer Vacuum Technology AG. The final terms and conditions of the voluntary public takeover offer will be published in the offer document after the approval by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht). Pangea GmbH reserves the right to deviate from the basic terms presented herein in the final terms and conditions. Investors and holders of shares in Pfeiffer Vacuum Technology AG are strongly advised to read any relevant documents in connection with the voluntary public takeover offer as soon as such documents will be published as they will contain important information. Maulburg, 29 March 2017 Pangea GmbH Managing Board End of WpÜG announcement The 29.03.2017 DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Listed: Zielgesellschaft - Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart, Tradegate Exchange