Asian Bamboo and DEG enter into another loan agreement

DJ DGAP-Adhoc: Asian Bamboo and DEG enter into another loan agreement Asian Bamboo AG / Key word(s): Contract

04.12.2011 10:20

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement.

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Asian Bamboo and DEG enter into another loan agreement

Hamburg, 4 December 2011 - Asian Bamboo AG ('Asian Bamboo ', the 'Company', ISIN: DE000A0M6M79, ticker symbol '5AB', ADR trading symbol 'ASIBY'), a leading integrated company in the bamboo industry, is pleased to announce that it has entered into another loan agreement with DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH, the German development finance institution, with the following key terms:

Amount: Up to USD 20 million Term: 7 years Use of proceeds: Financing of plantation leases Other terms: Environmental and Social Action Plan ('ESAP)

This loan agreement is in addition to the loan agreement entered into between Asian Bamboo and DEG on 16 September 2009. This means that the Company's total borrowings from DEG are up to USD 35 million.

In line with DEG's common practice when entering into a long-term relationship, the two parties have developed an environmental and social action plan ('ESAP') which will further align Asian Bamboo's operations with international best practice in terms of environmental and social responsibilities.

For enquiries, please contact:
Asian Bamboo AG:

Peter Sjovall +852-9385 3868 Chief Financial Officer peter.sjovall@asian-bamboo.com

Anja Holst +49-(0)40 37644 798 Investor Relations Director anja.holst@asian-bamboo.com

DEG:
Anja Strautz +49-(0)221 4986 1474 Press Officer anja.strautz@deginvest.de

04.12.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English Company: Asian Bamboo AG Stadthausbrücke 1-3 20355 Hamburg Germany Phone: +49 40 37644 798 Fax: +49 40 37644 500 E-mail: info@asian-bamboo.de Internet: www.asian-bamboo.de ISIN: DE000A0M6M79, DE000A0M6M79 WKN: A0M6M7, A0M6M7 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart

End of Announcement DGAP News-Service
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(END) Dow Jones Newswires December 04, 2011 04:20 ET (09:20 GMT)