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Public disclosure of inside information pursuant to Article 17 MAR

Vtion Wireless Technology AG: Company Exits Consumer Tablet PC Business

Frankfurt, 14 December 2012

Vtion Wireless Technology AG has decided to exit the consumer tablet PC business. This business line accounted for approximately 15 per cent of the total revenues for the first nine months of 2012. Total revenue for the fiscal year 2012 is expected to amount to approximately EUR 77 million. The decision was made due to the increasing price competition in the consumer tablet PC business, resulting in margin pressure negatively affecting the company\\\'s overall profitability.

 

Additional information:

ISIN: DE000CHEN993
Securities Identification No. (WKN): CHEN99
Listing: Regulated Market / Prime Standard at Frankfurt Stock Exchange
Registered office of the company: Germany

 

For further information, please contact:

Kirchhoff Consult AG
Dr Kay Baden, tel.: +49 40 60 91 86 39, baden@kirchhoff.de
or visit the company website at: www.vtion.de

 

Disclaimer:

This release is for information only and does not constitute an offer to sell, purchase, exchange or transfer any securities or a solicitation of any such offer in the United States or any other jurisdiction. The 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\\\') and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. Neither Vtion Wireless Technology AG ("Vtion") nor any other participant in the transactions described herein intends to register any securities under the Securities Act or with any securities regulatory authority of any state or other jurisdiction in the United States in connection with the proposals described in this announcement. The shares may not be offered to the public in any jurisdiction in circumstances which would require the preparation or registration of any prospectus or offering document relating to the shares in such jurisdiction. No action has been taken by Vtion or any of its respective affiliates that would permit an offering of the shares or possession or distribution of this announcement or any other offering or publicity material relating to such securities in any jurisdiction where action for that purpose is required.

As far as this release contains forward-looking statements with respect to the business, financial condition and results of operations of Vtion, these statements are based on current expectations or beliefs of Vtion\\\'s management. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or performance of the Company to differ materially from those reflected in such forward-looking statements. Apart from other factors not mentioned here, differences could occur as a result of changes in the overall economic situation and the competitive environment - especially in the core business segments and markets of Vtion. Also, the development of the financial markets and changes in national as well as international provisions particularly in the field of tax legislation and financial reporting standards could have an effect. Terrorist attacks and their consequences could increase the likelihood and the extent of differences. Vtion undertakes no obligation to publicly release any revisions or updates to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

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