Hamburg, 24.04.14

Asian Bamboo AG ("Asian Bamboo", "the Company", ISIN: DE000A0M6M79, ticker symbol: "5AB", ADR ticker symbol "ASIBY"), announced on 23 March 2014 that it intended to reduce the size of the company's plantations. The Management Board is pleased to announce that is has entered into legally binding agreements to give up the rights to the following plantations: Buyun, Hongshan and Miaoqian, in total around 62,600 mu (4,173 hectares).

The Management Board estimates that these transactions will primarily impact the Company's financial statements in 2014 in the following ways:

  • The Company's plantation size is being reduced from 54,511 hectares (ha) to 50,338 ha. The reduction in the plantation size will not have any significant effect on the Company's P&L.
  • At the end of FY 2013, there was an account payable of EUR 9.5 million on the balance sheet, which is the remaining part of the lease fee on these plantations. This account payable will now be cancelled, which means that the Company's shorter term liquidity situation has improved.
  • The biological asset value is estimated to be reduced by around 8% on the balance sheet.
For enquiries, please contact:

Asian Bamboo AG:

Peter Sjovall
+852-9385 3868
Chief Financial Officer
peter.sjovall@asian-bamboo.com

Anja Holst
+49-(0)40 37644 798
Investor Relations Director
anja.holst@asian-bamboo.com

About Asian Bamboo AG:

Asian Bamboo is a leading integrated company in the bamboo industry. The Company currently owns long-term leasing rights for 43 bamboo plantations with a total size of 54,511 hectares (ha). It is planning to diversify its business into property development. As a National Key Flagship Enterprise, Asian Bamboo is at the forefront of developing the agriculture industry in China.

Asian Bamboo has obtained organic food accreditations in China, Japan, Europe and the United States in addition to its HACCP and ISO9001 certifications. Its plantation management has received GLOBALGAP (Global Good Agriculture Practices) certification by the Swiss-based company SGS.

Since 16 November 2007, Asian Bamboo has been listed on the Prime Standard of the Frankfurt Stock Exchange under the ticker symbol "5AB". In addition, the stock is traded as an ADR under the ticker symbol "ASIBY". The Company's financial statements are audited by Deloitte and its registered office is located in Hamburg, Germany.

Disclaimer:

This release is for information only and does not constitute an offer to sell, purchase, exchange or transfer any securities or a solicitation of any such offer in the United States or any other jurisdiction. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the 'Securities Act') and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. Neither Asian Bamboo AG ("Asian Bamboo") nor any other participant in the transactions described herein intends to register any securities under the Securities Act or with any securities regulatory authority of any state or other jurisdiction in the United States in connection with the proposals described in this announcement. The shares may not be offered to the public in any jurisdiction in circumstances which would require the preparation or registration of any prospectus or offering document relating to the shares in such jurisdiction. No action has been taken by Asian Bamboo or any of their affiliates that would permit an offering of the shares or possession or distribution of this announcement or any other offering or publicity material relating to such securities in any jurisdiction where action for that purpose is required.

As far as this release contains forward-looking statements with respect to the business, financial condition and results of operations of Asian Bamboo, these statements are based on current expectations or beliefs of Asian Bamboo's management. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or performance of the Company to differ materially from those reflected in such forward-looking statements. Apart from other factors not mentioned here, differences could occur as a result of changes in the overall economic situation and the competitive environment - especially in the core business segments and markets of Asian Bamboo. Also, the development of the financial markets and changes in national as well as international provisions particularly in the field of tax legislation and financial reporting standards could have an effect. Terrorist attacks and their consequences could increase the likelihood and the extent of differences. Asian Bamboo undertakes no obligation to publicly release any revisions or updates to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

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