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2018/02/06

ams announces exclusion of subscription rights in relation to potential convertible bond placement


Premstaetten, Austria (6 February 2018) -- ams AG (SIX: AMS), a leading worldwide supplier of high performance sensor solutions, announces that its Management Board has resolved today, subject to the consent of the Supervisory Board, to exclude subscription rights in view of a potential private placement of senior unsecured convertible bonds (the "Bonds"). The Bonds in an aggregate nominal amount of up to EUR 600 million and with a seven year maturity shall be convertible into new ordinary no par value bearer shares from the Company's conditional capital equal to up to 6.1% of the current issued and outstanding share capital. The timing and terms of the Bond placement, if any, will be determined subject to market conditions. The net proceeds of the bonds will be used for general corporate purposes, including M&A transactions. The report by the Management Board on the exclusion of the subscription rights, as required by Austrian law, will be published in the Vienna Gazette (Amtsblatt der Wiener Zeitung) on or about 8 February 2018.

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This press release includes forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding future results of operations and financial position, the business strategy, and plans and objectives for future operations, are forward-looking statements. The words “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect” and similar expressions are intended to identify forward-looking statements. ams AG has based these forward-looking statements largely on current expectations and projections about future events and financial trends that it believes may affect the financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. These forward-looking statements are subject to a number of risks, uncertainties and assumptions. In light of these risks, uncertainties and assumptions, the forward-looking events and circumstances described may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. All forward-looking statements are based only on data available to ams AG at the time of the issue of this press release. ams AG does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise.

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