Daldrup & Söhne AG: Successful test operation and stable power production in Taufkirchen geothermal power plant

Publication of insider information
pursuant to Article 17 MAR

Daldrup & Söhne AG: Successful test operation and stable power production in Taufkirchen geothermal power plant

Grünwald / Ascheberg, 23 March 2018 - The geothermal power plant of GeoEnergie Taufkirchen GmbH & Co. KG, a subsidiary of the drilling technology and geothermal specialist Daldrup & Söhne AG (ISIN DE0007830572), has started electricity production in Taufkirchen.

The first feed-in was preceded by successfully completed system tests of the components of the power generation plant in recent days. This means that, for the first time and in parallel to the district heating supplied to the communities of Taufkirchen and Oberhaching, environmentally friendly electricity generated at the power plant will now be fed into the public grid.

With the weather-related decline in district heating production, the power production of the plant is being ramped up further. A further heat exchanger will be connected in the second half of 2018. Thus, from today's perspective electricity production will then gradually switch to full load operation. For the further planning of the 2018 financial year, the management board assumes that corresponding feed-in revenues can be generated from power generation.

About Daldrup & Söhne AG
Daldrup & Söhne AG (ISIN: DE0007830572, WKN: 783057) with a corporate history spanning more than 70 years is a specialist provider of drilling and environmental services and ranks as one of the leading companies in Germany. Its activities are divided into the business divisions Geothermics, Raw Materials & Exploration, Water Extraction as well as Environment, Development & Services (EDS). The Geothermics business division provides drilling services for near-surface geothermics (especially geothermal probes of heat pumps), along with drilling services for deep geothermics up to 6000 m, in order to utilise the geothermal energy accessible in this way for electricity and/or heat generation. In the Raw Materials and Exploration business division, the bores made by Daldrup & Söhne AG serve for exploring and developing fossil fuel deposits (especially coal and gas) as well as mineral resources and ores (e.g. copper and gold). The Water Extraction business division comprises well construction for the extraction of drinking, service, curative, mineral, boiler-feed or cooling water as well thermal brine. The Environment, Development & Services (EDS) business division comprises special environmental engineering services such as the hydraulic clean-up of contaminated sites, the drilling of gas extraction wells for recovering waste dump gas, the provision of groundwater quality measuring points or the installation of water purification plants.

The majority stake in Geysir Europe GmbH also gives the Daldrup Group its own fields of experience in the exploration of geothermal energy in the Bavarian Molasse Basin and in the Upper Rhine Plain. The existing project management and power station expertise means that all stages of value creation can be covered for a deep geothermics project.

The shares of Daldrup & Söhne AG are listed in the Scale (sub-segment in the open market of the Frankfurt Stock Exchange).

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