APEN : Medienmitteilung 8. Januar 2015

150108 Press release - APEN Ltd

PRESS RELEASE

APEN Ltd announces resignation of Mr. Alvaro Lopes da Silva Neto as member of the Board of Directors and proposes election of Mr. Fersen Lamas Lambranho as new member of the Board of Directors

Zug, 8 January 2015 - APEN Ltd ("APEN"), the private equity investment company listed on the SIX Swiss Exchange, announced today that Mr. Alvaro Lopes da Silva Neto will resign as member of the Board of Directors as per the date of the Extraordinary General Meeting to be held on 26 February

2015. The Board of Directors proposes to the Extraordinary General Meeting to elect Mr. Fersen Lamas Lambranho as new member of the Board of Directors for a term of office until the next annual general meeting.

Mr. Lambranho is a member of the board and Chairman of GP Investments. He joined the firm in

1998 and became a managing director in 1999. Prior to joining GP, Mr. Lambranho was CEO of Lojas Americanas, where he worked for 12 years and was a board member from 1998 to 2003. Currently, he is Chairman of the Board of Magnesita and LBR. He has served as chairman of the boards of Oi, Contax, Gafisa and ABC Supermercados. Mr. Lambranho serves on the boards of Centauro, BHG, BRZ Investimentos and GP Advisors. He previously served on the board of BRMalls, San Antonio, Estácio, Allis, Tele Norte Leste Participações, São Carlos Empreendimentos e Participações, Playcenter, Shoptime, Farmasa, BR Properties and Americanas.com. He is a board member of several non-profit entities, such as Fundação Bienal de São Paulo e COPPEAD-UFRJ. Mr. Lambranho holds a bachelor's degree in civil engineering from the Universidade Federal do Rio de Janeiro and a Msc degree in business administration from COPPEAD-UFRJ. He also completed the Owner President Management Program at the Harvard Business School.

For further information, please contact:

Dr. Guido Cornella

Phone: [phone]

e-Mail: [e-mail]

*************** About APEN

APEN Ltd is a Swiss investment company domiciled in Zug. The Company's objective is to achieve long-term capital growth for shareholders by actively managing a well balanced portfolio of private equity funds and direct investments in

APEN Ltd., Industriestrasse 13C, CH-6304 Zug

Phone [phone] · Fax [phone]

[e-mail]·www.apen.com1

privately held operating companies. APEN Ltd is listed on the SIX Swiss Exchange under the ticker symbol "APEN" and is traded daily.
This ad hoc information contains forward-looking statements, which involve certain risks, uncertainties and changes that cannot be foreseen and are beyond APEN Ltd's ability to control. Therefore, APEN Ltd cannot provide any assurance with respect to the correctness of such forward-looking statements and their effects on the financial situation of APEN Ltd or on the market in which the shares and other securities of APEN Ltd are traded.
THIS MEDIA INFORMATION DOES NOT CONSTITUTE AN OFFER OR INVITATION TO SUBSCRIBE FOR OR PURCHASE ANY SECURITIES. IT IS NOT BEING ISSUED IN COUNTRIES WHERE THE PUBLIC DISSEMINATION OF THE INFORMATION CONTAINED HEREIN MAY BE RESTRICTED OR PROHIBITED BY LAW. IN PARTICULAR, THIS MEDIA INFORMATION IS NOT BEING ISSUED IN THE UNITED STATES OF AMERICA AND SHOULD NOT BE DISTRIBUTED TO U.S. PERSONS OR PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES. ANY NON-COMPLIANCE WITH SUCH RESTRICTIONS MAY RESULT IN AN INFRINGEMENT OF U.S. SECURITIES LAWS. SECURITIES OF APEN LTD ("COMPANY") ARE NOT BEING PUBLICLY OFFERED OUTSIDE OF SWITZERLAND. IN PARTICULAR, THE SECURITIES OF THE COMPANY HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO U.S. PERSONS ABSENT THE REGISTRATION UNDER OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE U.S. SECURITIES LAWS. THIS DOCUMENT DOES NOT CONSTITUTE A PROSPECTUS ACCORDING TO ART. 652A OF THE SWISS CODE OF OBLIGATIONS OR ART. 27 ET SEQ. OF THE LISTING RULES OF SIX SWISS EXCHANGE.
This media information is for distribution in the United Kingdom only to (a) persons outside the United Kingdom; (b) those persons falling within the definition of Investment Professionals (as set forth in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the Order)) or within Article 43 (members and creditors of certain bodies corporate) or Article 49 (high net worth companies, unincorporated associations etc.) of the Order, or other persons to whom it may lawfully be communicated in accordance with the Order; or (c) any person to whom it may otherwise lawfully be communicated (such persons together being Relevant Persons). This media information is only available to Relevant Persons and the transaction contemplated herein will be available only to, or engaged in only with Relevant Persons, and this media information must not be acted on or relied upon by persons other than Relevant Persons.

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APEN Ltd., Industriestrasse 13C, CH-6304 Zug

Phone [phone] · Fax [phone]

[e-mail]·www.apen.com2