Varengold Bank AG: Cancellation of the extraordinary general meeting

Varengold Bank AG  / Key word(s): AGM/EGM/Miscellaneous

14.10.2015 16:29

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Hamburg, 14th October 2015 - The Board of Directors and the Supervisory
Board of Varengold Bank AG have decided to cancel the extraordinary general
meeting convened for 2nd November 2015. A notification confirming this will
be published in the Bundesanzeiger in the next few days.

In order to further boost the capital of the company by the end of the
year, shareholders at the extraordinary general meeting were to decide on
another cash capital increase by up to 5,845,104 new no-par value shares
and, based on that, to approve the creation of additional authorized
capital 2015 II. Due to a delay in the cash capital increase against cash
contributions by up to EUR 974,184.00, which is currently being planned in
line with the general meeting resolution taken on 26th August 2015, these
resolutions cannot be taken as there will still be contributions
outstanding at the time the extraordinary general meeting is scheduled. An
intended change in the Supervisory Board is to be otherwise adopted.

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Language:     English
Company:      Varengold Bank AG
              Große Elbstraße 27
              22767 Hamburg
Phone:        +49 (0)40 / 668649-0
Fax:          +49 (0)40 / 668649-49
ISIN:         DE0005479307
WKN:          547930
Listed:       Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart;
              Open Market (Entry Standard) in Frankfurt
End of Announcement                             DGAP News-Service