TC Unterhaltungselektronik AG: TCU AG: Capital Increase and Statements of the Management Board and the Supervisory Board

Koblenz (pta035/11.01.2021/17:00 UTC+1) In order to further stabilize the financial situation of TCU, the Management Board has decided today, after consultation with the Supervisory Board, to implement the capital increase already approved by the shareholders. First negotiations with a potential capital market partner will take place later today.

Daniel Settgast (CEO):

"TCU AG looks back on a history of more than 20 years, during which the previous management board managed to maintain TCU's innovative strength despite all adversities. In addition to the development of the TeleFairy, which attracted a lot of media attention at the beginning but unfortunately never made the breakthrough,

TCU has developed software solutions that meet the current nerve of the time:

Cyber security, secure data transfer and innovative electronic payment systems are in demand today and will become even more important in the future.

I am looking forward to developing new products, services and strategies in the coming weeks and months together with Mr. Ciburski as Head of Software Development and the entire TCU team to serve new customers not only in Germany.

The pending lawsuits vs. TCU AG, which have their origin mainly in the activities for the leaving main customer, shall continue to be brought to a conclusion as quickly as possible and of course in favor of TCU with the help of an experienced team of lawyers. Among other things, an appeal has already been filed against a security deposit set by the tax Authority.

I am convinced that today we are starting a new chapter for TCU. I ask the shareholders for a leap of faith and a little patience until the first results of our work are visible. Thank you!"

Catherine Konopaske (COO):

"With several years of experience as a board member of an internationally operating group of companies, I am convinced that we can win customers for TCU worldwide, especially in the US market.

Secure data storage and transfer are more important than ever today and in the future.

In cooperation with my colleagues Daniel Settgast and Ms. Petra Bauersachs as Chief Marketing and PR Officer, I will do my part to ensure that today marks the beginning of a new, successful chapter in TCU's history."

Petra Bauersachs (CMO):

"After more than 20 years on the front line, I am looking forward to the next chapter of TCU. I would like to thank the company's founder, Mr. Ciburski, for stepping down. This allows us to add internationally experienced board members to the board and thus take advantage of new networks and synergies. His know-how is now again fully available for software development.

I am convinced that our new board members will provide positive impulses for the future course of business and I am looking forward to a good cooperation, also in the interest of TCU's shareholders."

Thomas Nachtigahl (Chairman of the Supervisory Board):

"Due to the surprising termination of TCU's main customer, we were forced to act faster than expected. As certain changes, especially concerning the future business orientation of TCU, were already in preparation, we were able to make important decisions at short notice.

Mr. Settgast and Ms. Konopaske are two internationally experienced managers who want to establish new business areas for TCU. I expect 2021 to be a difficult, but in the end a successful year for TCU."

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