creditshelf sets fixed price for IPO at EUR 80.00 per share

• Total IPO size of EUR 15 to EUR 20 million from the offering of up to 250,000 new shares from a capital increase at a price of EUR 80.00 per share
• Long-term shareholder Hevella Capital GmbH & Co. KGaA (controlled by Rolf Elgeti) will place a backstop order of up to EUR 15 million
• Implied market capitalization of EUR 105 million to EUR 110 million post IPO
• Offer period to commence on July 11, 2018, and expected to end on July 18, 2018
• First day of trading on Prime Standard expected on July 25, 2018
• Securities prospectus approved by BaFin and published on the Company website

Frankfurt, 10 July 2018 – creditshelf Aktiengesellschaft (“creditshelf” or the “Company”), a pioneer of online market place lending for the small and medium sized enterprises (“SME”) segment in Germany that connects borrowers and investors through a fast and easy to use online platform, www.creditshelf.com., sets the fixed price for its envisaged IPO at EUR 80.00 per share, aiming for total gross proceeds of approx. EUR 15 to EUR 20 million. The offering will comprise a total of up to 250,000 newly issued ordinary bearer shares from a capital increase.

The period, during which investors may submit purchase orders will commence on July 11, 2018 and is expected to end on July 18, 2018 at 12:00 (CEST) for retail investors and at 14:00 (CEST) for institutional investors.

Dr. Tim Thabe, CEO and co-founder of creditshelf, comments: “We observe that the demand for our products is constantly increasing. In the first quarter of 2018, we already received loan applications with a volume of approx. EUR 251 million, compared to only approx. EUR 66 million in the first quarter of 2017. We intend to use the proceeds from the capital increase to address this dynamic growth in our business.”

Dr. Daniel Bartsch, COO and co-founder of creditshelf, explains: “As a financing partner for small and medium-sized enterprises, we are operating in a so far underpenetrated market with great potential. We estimate the addressable market for our products at around EUR 39 billion due to the existing credit gap for SMEs in Germany. Accordingly, our mid-term target is to reach a loan volume of EUR 500 million annually brokered through the creditshelf Platform.

Dr. Mark Währisch, CRO of creditshelf, adds: “We already have extensive know-how in the field of automated, data-driven credit analysis. The proceeds from the IPO will help us to make our analysis even more accurate and efficient and to further reduce our process costs.”

The Company intends to use the net proceeds from the offering to fund further development of its proprietary data-driven risk analysis algorithm, to expand its product portfolio, to implement bank cooperations and to increase brand awareness via increased marketing. In addition, proceeds will be used to hire key personnel, to optimize working capital and for certain payouts under certain employee incentive agreements.

Hevella Capital GmbH & Co. KGaA (backed by Rolf Elgeti) will place a backstop order of up to EUR 15 million if and to the extent the shares are not subscribed for by investors in the course of the offering, underlining its strong, long-term support for the creditshelf business model.

creditshelf intends to list the shares on the regulated market segment of the Frankfurt Stock Exchange with simultaneous admission to the Prime Standard under the German securities code (WKN) A2LQUA, the international securities identification number (ISIN) DE000A2LQUA5 and the ticker symbol CSQ. July 25, 2018 is expected to be the first day of trading. Lock-up agreements will be concluded for the Company (12 months), Hevella Capital GmbH & Co. KGaA (18 months) and members of the Management Board (24 months).

Commerzbank is acting as Sole Global Coordinator and Sole Bookrunner. Lazard is acting as financial adviser to creditshelf.

The securities prospectus that has been approved by the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)) as well as further information about creditshelf are available at https://ir.creditshelf.com.

About creditshelf
creditshelf is a pioneer of online market place lending for the small and medium sized enterprises (“SME”) segment in Germany that connects borrowers and investors through a fast and easy to use online platform, www.creditshelf.com. Founded in 2014, creditshelf is based in Frankfurt am Main, Germany and considers itself the market- and technology leader in the fast-growing German market place lending segment (peer-to-peer lending) for SME loans. creditshelf’s peer-to-peer platform (“creditshelf Platform”) is designed to match the financing needs of German SME borrowers with investors willing to invest in SME loan receivables. In this process creditshelf offers to broker unsecured loans and thereby acts as an intermediary offering access to a highly attractive funding alternative for SMEs. At the same time, it offers access to the SME loan asset class for professional investors seeking for attractive investment opportunities. creditshelf’s main competences are selecting suitable credit projects, analyzing the creditworthiness of potential borrowers, providing a credit scoring as well as an indicative coupon range. For its services, creditshelf receives fees from both, SME borrowers as well as from investors.

In the period from the launch of the creditshelf Platform in 2015 until end of Q1 2018, creditshelf received in total more than 1,100 loan applications with a total requested volume of approx. EUR 900 million. In total, 127 loans have been brokered through the creditshelf Platform with a total volume of approx. EUR 58 million.

creditshelf considers itself to be ideally positioned for future growth due to the high scalability of its platform business model, the strong demand from SME borrowers and the low market place lending penetration in the German SME segment to date. In addition, the company has identified three pillars of additional growth: software development, potential future bank cooperations and a potential product portfolio expansion.
Contact:
cometis AG
Maximilian Franz
Telephone: +49(0)611 – 205855-22
Fax: +49(0)611 – 205855-66
Email: franz@cometis.de

DISCLAIMER

These materials may not be published, distributed or transmitted in the United States, Canada, Australia or Japan. These materials do not constitute an offer of securities for sale or a solicitation of an offer to purchase securities (the “Securities”) of creditshelf Aktiengesellschaft (the “Company”) in the United States, Australia, Canada or any other jurisdiction in which such offer or solicitation is unlawful. The Securities of the Company may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the “Securities Act”). The Securities of the Company have not been, and will not be, registered under the Securities Act. There will be no public offering of the securities in the United States. The securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan subject to certain exceptions.

In the United Kingdom, this document is only being distributed to and is only directed at persons who (i) are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “Order”) or (ii) are persons falling within Article 49(2)(a) to (d) of the Order (high net worth companies, unincorporated associations, etc.) (all such persons together being referred to as “Relevant Persons”). This document is directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this document relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.

In any EEA Member State other than Germany and Luxembourg that has implemented the Directive 2033/71/EC, as amended by Directive 2010/73/EC (the “Prospectus Directive”), this document is only addressed to and is only directed at “qualified investors” in that Member State within the meaning of Article 2(1)(e) of the Prospectus Directive.

This publication constitutes neither an offer to sell nor a solicitation to buy securities of creditshelf Aktiengesellschaft. The offer is being made solely by means of, and on the basis of, the published securities prospectus (including any amendments thereto, if any). An investment decision regarding the publicly offered securities of creditshelf Aktiengesellschaft should only be made on the basis of the securities prospectus. The securities prospectus is available free of charge from creditshelf Aktiengesellschaft, Mainzer Landstraße 33a, 60329 Frankfurt, Germany, or on the creditshelf Aktiengesellschaft website.

This document contains forward-looking statements. These statements are based on the current views, expectations, assumptions and information of the management of the Company. Forward-looking statements should not be construed as a promise of future results and developments and involve known and unknown risks and uncertainties. Various factors could cause actual future results, performance or events to differ materially from those described in these statements, and neither the Company nor any other person accepts any responsibility for the accuracy of the opinions expressed in this document or the underlying assumptions. The Company does not assume any obligations to update any forward-looking statements.