Brain Force Holding AG: Announcement according to § 93 para 2 Austrian Stock Exchange Act

Vienna (pta028/10.07.2013/14:30 UTC+2) Vienna, 10 July 2013 - BRAIN FORCE HOLDING AG announces, that it was informed pursuant to §§ 91 and 91a of the Austrian Stock Exchange Act ("BörseG") by Pierer Industrie AG, Pierer Finanzierungs GmbH, Pierer GmbH and Mr. Stefan Pierer as follows:

Initial Situation

Since 18 June 2013 Pierer Industrie AG holds 8,829,777 shares in BRAIN FORCE HOLDING AG; this equals voting rights and a share capital participation in BRAIN FORCE HOLDING AG of approximately 57.39%.

On 7 June 2013 Pierer Industrie AG has published a voluntary takeover bid pursuant to § 25a of the Austrian Takeover Act addressed to the shareholders of BRAIN FORCE HOLDING AG for the acquisition of all shares of BRAIN FORCE HOLDING AG, in so far as they are not owned by Pierer Industrie AG and parties acting in concert with Pierer Industrie AG (the "Offer"). Shareholders could accept the Offer until 21 June 2013. Until the end of the acceptance period a total of 3,404,214 shares of BRAIN FORCE HOLDING AG have been delivered to UniCredit Bank Austria AG as paying agent; this equals a share capital participation in BRAIN FORCE HOLDING AG of approximately 22.12%.

Since 21 June 2013 Pierer Industrie AG holds an instrument pursuant to § 91a BörseG regarding the acquisition of 3,404,214 shares of BRAIN FORCE HOLDING AG; this equals voting rights and a share capital participation in BRAIN FORCE HOLDING AG of approximately 22.12%. On 5 July 2013 these 3,404,214 shares of BRAIN FORCE HOLDING AG were purchased by Pierer Industrie AG (Transfer of Ownership). During the extended acceptance period pursuant to § 19 of the Austrian Takeover Act shareholders of BRAIN FORCE HOLDING AG may deliver shares in the Offer until 25 September 2013.

Pierer Industrie AG is indirectly controlled by Mr. Stefan Pierer via Pierer Finanzierungs GmbH and Pierer GmbH.

Pierer Industrie AG

The voting rights of Pierer Industrie AG with regard to the shares of BRAIN FORCE HOLDING AG, which are held pursuant to § 91a BörseG, on 5 July 2013 fell below the thresholds of 20%, 15%, 10%, 5% and 4% and currently amount to approximately 0.02% (2,618 shares).

Due to the purchase of 3,404,214 shares of BRAIN FORCE HOLDING AG, the voting rights of Pierer Industrie AG pursuant to § 91 BörseG in BRAIN FORCE HOLDING AG on 5 July 2013 have reached and exceeded the threshold of 75% (amount of voting rights: approximately 79.51%; 12,233,991 shares).

Pierer Finanzierungs GmbH

The voting rights of Pierer Finanzierungs GmbH with regard to the shares of BRAIN FORCE HOLDING AG, which are held pursuant to § 91a BörseG indirectly via Pierer Industrie AG, on 5 July 2013 fell below the thresholds of 20%, 15%, 10%, 5% and 4% and currently amount to approximately 0.02% (2,618 shares).

The voting rights of Pierer Finanzierungs GmbH in BRAIN FORCE HOLDING AG pursuant to § 91 BörseG, exercisable indirectly via Pierer Industrie AG, on 5 July 2013 have reached and exceeded the threshold of 75% (amount of voting rights: approximately 79.51%; 12,233,991 shares).

Pierer GmbH

The voting rights of Pierer GmbH with regard to the shares of BRAIN FORCE HOLDING AG, which are held pursuant to § 91a BörseG indirectly via Pierer Finanzierungs GmbH and Pierer Industrie AG, on 5 July 2013 fell below the thresholds of 20%, 15%, 10%, 5% and 4% and currently amount to approximately 0.02% (2,618 shares).

The voting rights of Pierer GmbH in BRAIN FORCE HOLDING AG pursuant to § 91 BörseG, exercisable indirectly via Pierer Finanzierungs GmbH and Pierer Industrie AG, on 5 July 2013 have reached and exceeded the threshold of 75% (amount of voting rights: approximately 79.51%; 12,233,991 shares).

Mr. Stefan Pierer

The voting rights of Mr. Stefan Pierer with regard to the shares of BRAIN FORCE HOLDING AG, which are held pursuant to § 91a BörseG indirectly via Pierer GmbH, Pierer Finanzierungs GmbH and Pierer Industrie AG, on 5 July 2013 fell below the thresholds of 20%, 15%, 10%, 5% and 4% and currently amount to approximately 0.02% (2,618 shares).

The voting rights of Mr. Stefan Pierer in BRAIN FORCE HOLDING AG pursuant to § 91 BörseG, exercisable indirectly via Pierer GmbH, Pierer Finanzierungs GmbH and Pierer Industrie AG, on 5 July 2013 have reached and exceeded the threshold of 75% (amount of voting rights: approximately 79.51%; 12,233,991 shares).

For questions please contact:
Mag. Hannes Griesser
Am Hof 4
1010 Vienna
Tel: +43(0) 1 263 09 090

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Emitter:	Brain Force Holding AG Am Hof 4 1010 Wien Austria
Contact Person:	Mag. Hannes Griesser
Phone:	+43 1 263 09 09 0
E-Mail:	InvestorRelations@brainforce.com
Website:	www.brainforce.com
ISIN(s):	AT0000820659 (Share)
Stock Exchange(s):	Vienna Stock Exchange (Official Trade); Free Market in Frankfurt