The Board of Directors of Ultrasonic AG (DB:US5) authorized a tender offer on August 31, 2012. Under the plan, the company will repurchase up to 190,000 shares, representing 1.66% of the company's current share capital, at a price of €8.4 per share, for a total of €1.6 million. The purchase price for the bonus shares under the tender offer may not be more than 5% above or below the volume-weighted average trading price of Ultrasonic shares in Xetra trading on the last five trading days. If more than 190,000 Ultrasonic bonus shares are tendered in the course of this offer, the declarations of acceptance shall be accepted on a pro rata basis. With regard to the volume of the proposed public tender offer to the shareholders, it should be noted that the major shareholder has given the company a binding legal undertaking not to sell any shares into the offer. The offer price of €8.4 contains 0.29% surcharge compared to the average market price. Shareholders, who intend to accept the proposed tender offer, would realize a calculated profit participation of about €0.62 to €0.69 per share, based on a potential buy-back price within a range between €8 and €9. Restricting the share buy-back to the bonus shares is designed to ensure that from the shareholders' viewpoint the economic position is as close as possible to a dividend payment. The deal is subject to approval of shareholders. On July 6, 2012, the deal was approved by the shareholders. The company bears all fees and expenses of the Custodian Credit Institutions up to a maximum amount of €5 for each deposit of the company. All other costs incurred in connection with the acceptance of this offer and the transfer of Ultrasonic Bonus Shares, in particular fees, costs and expenses charged by the Custodian Credit Institutions, shall be borne by the Ultrasonic shareholders. The offer begins on September 5, 2012 and ends on September 17, 2012. The company reserves the right to extend the acceptance period once or repeatedly, should the company decides to do so, it will publish such decision before the expiry of the acceptance period or the extended acceptance period in accordance with the provisions. As of August 31, 2012, the company has 11,474,610 shares in issue and the company held no own shares. biw Bank für Investments and Wertpapiere AG acted as broker for the company in the buyback transaction.

Ultrasonic AG's tender offer expired on September 17, 2012. Under the offer, the company accepted for repurchase 45,416 bonus shares at a price of €8.40 per share, for a total of €0.38 million. The repurchase represents 0.39% of the shares in issue.