Varengold Bank AG: Result of the subscription offer of the capital increase from authorised capital with indirect subscription rights & Private placement

Varengold Bank AG

Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is responsible for the content of this announcement.

Varengold Bank AG:

• Result of the subscription offer of the capital increase from authorised capital with indirect subscription rights

• Private placement

THE INFORMATION CONTAINED IN THIS COMMUNICATION IS NOT INTENDED FOR PUBLICATION OR ONWARD TRANSMISSION IN OR WITHIN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN

Hamburg, 31 May 2017 – 39,513 new no-par value bearer shares of the offered were subscribed within the capital increase with indirect subscription rights of Varengold Bank AG (Symbol: VG8).

Thus, the capital increase was not subscribed completely after expiry of the subscription period on 29th May 2017. The Management Board decided on 31st May 2017 to make use of a private placement (non-public offering). The amount of subscription rights of unsubscribed shares will be offered to the fixed reference price (EUR 3.99) to selected investors for subscription and acquisition. The capital increase is only carried out when at least 300,000 shares have been subscribed.

Dr Bernhard Fuhrmann, Director
Frank Otten, Director

Disclaimer
This communication contains forward-looking statements that are subject to certain risks and uncertainties. Future results may differ materially from those currently expected, namely due to various risk factors and uncertainties such as changes in the business, economic and competitive situation, fluctuations in exchange rates, uncertainties regarding legal disputes or investigations, and the availability of financial resources. The reader should therefore not over-rely on these statements, particularly in connection with contracts or investment decisions. Varengold Bank AG assumes no responsibility for updating the forward-looking statements contained in this communication.

This communication is neither an offer nor an invitation to subscribe or purchase securities of Varengold Bank AG. For persons in the United States of America ("United States"), Australia, Canada or Japan and all countries where such offers or invitations are legally inadmissible, this communication contains no offer, constitutes neither an offer for securities, nor an invitation topurchase or subscribe for securities. The securities referred to in this communication are not and will not be registered according to the United States Securities Act of 1933, as amended ("Securities Act"), and may neither be offered nor sold in the United States without registration or corresponding exemption from the registration requirement under the United States Securities Act. Subject to certain exceptions, the securities referred to in this communication may be neither offered nor sold in Australia, Canada or Japan, nor to citizens or residents, nor for the account or benefit of citizens or residents of Australia, Canada or Japan. The offer and sale of the securities referred to in this communication is not and will not be registered according to the United States Securities Act or according to the applicable securities laws in Australia, Canada or Japan. There shall be no public offering of the securities in the United States.

This communication does not constitute a prospectus as defined by EU Directive 2003/71/EC of the European Parliament and of the Council of 4 November 2003, as amended (the "Prospectus Directive").