OTI Energy AG : Pressemitteilung vom 24. Dezember 2013

PRESS RELEASE
Lugano, 24 December 2013
Changes on the Board of Directors
On 23 December 2013 OTI Energy AG ("OTI") has entered into a convertible loan agreement with MT Holding S.p.A. under which the purchase price for the 721,505 shares in K.R. Energy S.p.A. ("KRE Shares") owed by OTI was converted into a loan running for 4 years (see also our press release of 10.09.13). At the end of the term of the loan, MT Holding S.p.A. shall have the option to convert the loan, plus a variable premium of up to CHF 160,000 if from September 2013 to the conversion time the performance of the KRE Shares is better than that of OTI shares, into shares of OTI.
In order to make available the shares which will be necessary to cover the conversion option of MT Holding S.p.A., the Board of Directors will be proposing to the shareholders of OTI to create a conditional capital of not less than 32,000 OTI shares. A meeting of shareholders will be called in early 2014 in order to resolve on this and other matters (see also our press release of 11.12.13).
Further inquiries: OTI Energy AG
Nicolò von Wunster, CEO Tel. [phone]
Email: [e-mail]

OTI Energy AG - Via Nassa 31 - Casella Postale 6199 - 6901 Lugano

Tel. [phone] - Fax [phone] - Iva nr. 753763

IDI nr. CHE - 101.017.162

Email: [e-mail]- www.oti-energy.ch