PEARL GOLD AG: Decision of Bamako Court of Appeal

Frankfurt (pta021/28.07.2015/20:00 UTC+2) We are informed by our local counsel that the Bamako Court of Appeal has ruled that:

- the protection status of Wassoul'Or SA is reopened,
- the abatement of debt granted by SODINAF, Mr. Diallo and Pièces d'Or Mansa Moussa SA for an amount of 93 billion FCFA is confirmed,
- a two year payment term for the debt of Wassoul'Or versus Pearl Gold AG, fond, Lidor Group LTD, Kodieran Finance and ABDIAM SA is set,
- the continuation measures proposed by the company are accepted and
- Mr. Djingui Sissoko is appointed "Juge Commissaire".

This judgement has only been preliminarily communicated without reasons, so that an interpretation is currently difficult. The management of Pearl Gold AG can conclude from its current information, that Wassoul'Or now has 2 years to repay the total amount of its debt to Pearl. It is still uncertain if other debtors exist, who are not subject to this decision. Further points remain to be confirmed. The management of Pearl Gold AG is consulting with local advisors and will come back to you shortly.

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Emitter:	PEARL GOLD AG Neue Mainzer Straße 28 60311 Frankfurt Germany
Contact Person:	Reza Pacha
Phone:	+49 69 971097-555
E-Mail:	info@pearlgoldag.com
Website:	www.pearlgoldag.com
ISIN(s):	DE000A0AFGF3 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt