Netwatch AG: Change of shareholders and changes in the management board planned

Munich, 8 March 2017. Today TGA Verwaltungs UG (limited liability), Berlin and our majority shareholder have each informed us that TGA Verwaltungs UG has on this day purchased 360,000 shares (this represents 90% of the share capital) in our company. Following the completion of the share transfer, which shall happen promptly, the current Management Board will resign. It is intended that the two managing directors of TGA Verwaltungs UG Mr Hans Wittmann and Mr Eric Mozanowski shall be appointed as members of the Management Board.