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Lloyd Fonds AG resolves on the terms and conditions of convertible bonds

Hamburg, May, 20 2019. Lloyd Fonds AG's (the "Company") Management Board and Supervisory Board today resolved on the terms and conditions of its convertible bonds, the issuance of which had been resolved in principle on April 25, 2019.

The Company intends to issue convertible bonds with an aggregate principal amount of up to EUR 6,100,000 and a term of three years in return for cash payment and with an exclusion of shareholders' subscription rights (the "Convertible Bonds") to certain individually determined investors. The Convertible Bonds will bear interest of 3.75 per cent per annum, paying semi-annually in arrears. The Convertible Bonds may be converted into ordinary shares of the Issuer in accordance with their terms and conditions. The initial conversion price was set at EUR 6.10, which amount is subject to adjustment from time to time in accordance with the terms and conditions of the Convertible Bonds.

Disclaimer:

This ad hoc announcement may contain forward-looking statements based on current assumptions and forecasts made by the management of the Company, which may be wrong and are subject to change. The Company assumes no liability whatsoever to update any forward-looking statements or to conform them to future events or developments. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.

This announcement is for information purposes only and does not constitute, contain or form part of, and should not be construed as, an offer or an invitation to sell, or issue or the solicitation of any offer to buy or subscribe for, any securities. In connection with this transaction there has not been, nor will there be, any public offering of securities. No prospectus will be prepared in connection with the offering of the securities mentioned herein. The securities may not be offered to the public in any jurisdiction under circumstances which would require the issuer of the securities to prepare or register any prospectus or offering document relating to the securities in such jurisdiction.

Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or the laws of any state within the United States, and may not be offered or sold in the United States absent registration or an applicable exemption from registration or in a transaction not subject to the registration requirements of the Securities Act. There will be no offering of the securities in the United States.

Contact:
Hendrik Duncker
IR/PR
Lloyd Fonds AG
Amelungstraße 8-10
20354 Hamburg
Tel: +49-40-325678-145
Fax: +49-40-325678-99
Mail: [email protected]