STOCK EXCHANGE ANNOUNCEMENT no 1/12

Today, Topsil Semiconductor Materials A/S acquired additional 24.7% of the shares in the real-estate company Cemat70 through its 100% owned subsidiary Cemat Silicon SA., after which Topsil’s aggregated owner share amounts to 77.6% in total.

The shares were acquired from the Polish State Treasury and a Share Purchase Agreement is expected to be closed within two weeks. The Polish State Treasury is divesting the shares as part of a programme to privatise a number of state owned shareholdings. The purchase price for the additional Cemat70 shares is EUR 1.5m in cash and there are no special terms connected to the purchase.

Still, the objective of acquiring the minority shares in Cemat70 is divestment of the consolidated shareholding. Topsil’s former owner share of 52.9% had limitations in the decision phase. By enlarging the owner share proportion to exceed 75%, however, Topsil secures full control of Cemat70 to make necessary decisions and actions for the real-estate company. This is expected to increase interest from buyers that are not ready to acquire shares without control or development possibilities. The enlarged share proportion provides Topsil with unconditional room for manoeuvre and hence with a considerably improved platform for divesting the shares.

Applications to this stock announcement to Christina Fris Bjørling, communications, phone +45 2152 1011

Med venlig hilsen / Best regards
Topsil Semiconductor Materials A/S

Jens Borelli-Kjær           Kalle Hvidt Nielsen
Chairman                     CEO

This announcement has been prepared in Danish and translated into English. In the event of any discrepancy between the Danish text and the English-language translation, the Danish version will prevail.
 

Today, Topsil Semiconductor Materials A/S finalised negotiations and entered into an agreement with one of the two suppliers of raw materials, addressing the quality issues, faced by Topsil throughout the past quarters.

The agreement covers new technical specifications as well as commercial issues; among these a minor compensation contained in future pricing. The agreement is effective from 1 January 2012.

The agreement does not affect the expectations to the current financial year.

Further information
Questions related to stock exchange announcements to be addressed to:
Chairman Jens Borelli-Kjær, tlf. +45 40 16 14 82

This announcement has been prepared in Danish and translated into English. In the event of any discrepancy between the Danish text and the English-language translation, the Danish version will prevail.
 

The financial calendar for 2012 has been scheduled as follows:

28.03.2012    Annual Report
25.04.2012    Annual General Meeting
23.05.2012    Quarterly report - Q1
29.08.2012    Interim report - six months
22.11.2012    Quarterly report - Q3

This announcement has been prepared in Danish and translated into English. In the event of any discrepancy between the Danish text and the English-language translation, the Danish version will prevail.

Topsil Semiconductor Materials A/S today signed an agreement with Karl Kristian Hvidt Nielsen, who will take up employment as new Topsil CEO as of 1 January 2012.

Karl Kristian Hvidt Nielsen is the successor of Managing Director ad interim, Jørgen Bødker, who replaced Keld Lindegaard Andersen, 27 October 2011.

”Karl Kristian Hvidt Nielsen is a very competent and hands-on CEO. He has broad experience from technology companies and has achieved a vast number of impressive results” says Chairman of Topsil, Jens Borelli-Kjær.

Karl Kristian Hvidt Nielsen (born 1964) has most recently been CEO at Bang & Olufsen A/S. During his time of employment 2008-2011, he headed a successful company turn-around.

During 1998-2008 he was employed at Brüel & Kjær A/S, since 2001 as CEO.

Karl Kristian Hvidt Nielsen holds a Master’s Degree in Engineering and is BCom in Marketing.

Further information
Questions regarding stock exchange announcements to be addressed to:
Chairman Jens Borelli-Kjær, tlf. +45 40 16 14 82

This announcement has been prepared in Danish and translated into English. In the event of any discrepancy between the Danish text and the English-language translation, the Danish version will prevail.
 

Pursuant to section 28a of the Danish Securities Trading Act we can report the following insiders’ dealing based on reports from insiders:

Name:	Eivind Dam Jensen (EDJ-Group)
Reason:	Deputy Chairman
Issuer:	Topsil Semiconductor Materials A/S
ID-code:	DK 0010271584
Type:	Shares
Transaction:	Purchase
Market:	NASDAQ OMX Copenhagen
Trading date:	1 December 2011
Number:	2,150,000
Market value DKK:	797,091

Further information:

Further information about Topsil A/S is available at www.topsil.com.

This interim report has been prepared in Danish and translated into English. In the event of any discrepancy between the Danish text and the English-language translation, the Danish interim report will prevail.
 

Pursuant to section 28a of the Danish Securities Trading Act we can report the following insiders’ dealing based on reports from insiders:

Name:	Eivind Dam Jensen (EDJ-Group)
Reason:	Deputy Chairman
Issuer:	Topsil Semiconductor Materials A/S
ID-code:	DK 0010271584
Type:	Shares
Transaction:	Purchase
Market:	NASDAQ OMX Copenhagen
Trading date:	1 December 2011
Number:	6,000,000
Market value DKK:	2,220,413.99

Further information:

Further information about Topsil A/S is available at www.topsil.com.

This interim report has been prepared in Danish and translated into English. In the event of any discrepancy between the Danish text and the English-language translation, the Danish interim report will prevail.
 

Presentation today 9.45 am at Danske Markets

Presentation at Carnegie today at 10.45 am.

See press release.