PEARL GOLD AG: Regional Court Frankfurt Rules on Action against Resolution of General Meeting of January 17, 2018

Berlin (pta032/27.03.2019/18:10 UTC+1) The Regional Court Frankfurt on the Main ruled on the revocatory action by Koh-I-Noor Capital Limited against the resolution of the company's general meeting of January 17, 2018, withdrawing the confidence from member of the management board Mr. Michael Reza Pacha. The company was served the judgment today.

The action was dismissed as inadmissible. The court held that by now, Mr. Pacha's term of office had ended beyond any shadow of the doubt. Hence, there was no legitimate reason to rule on whether the resolution withdrawing the general assembly's confidence from him, which is a pre-stage of dismissal from office, was legal or not.

Thus, the court completely accepted the company's motions and imposed full costs on the plaintiff, Koh-I-Noor Capital Limited.

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Emitter:	PEARL GOLD AG c/o Malmendier Partners, Kurfürstendamm 213 10719 Berlin Germany
Contact Person:	Julia Boutonnet
Phone:	+49 30 59 00 30 40
E-Mail:	info@pearlgoldag.com
Website:	www.pearlgoldag.com
ISIN(s):	DE000A0AFGF3 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt