ADC African Development Corporation AG

Registration of squeeze-out leads to delisting of ADC

Atlas Mara increases squeeze-out price for ADC

Atlas Mara specifies squeeze-out price for ADC

ADC successfully exits Resolution Health East Africa Limited ++ Exit in-line with ADC’s strategic focus on banking ++ LeapFrog becomes key shareholder

CEO and Founder Dirk Harbecke leaves ADC after seven successful years of building and running the sub-Saharan African financial services group

ADC reports half-year 2014 results

ADC African Development Corporation AG: Atlas Mara formally requests squeeze-out in ADC

Atlas Mara completes acquisition of ADC ++ Readmission to trading of Atlas Mara on 27 August 2014

ADC’s banking investment, Union Bank of Nigeria (UBN), reports half-year 2014 results ++ 55% year-on-year loan book growth in core bank ++ Transformation on track delivering improvement in bank performance

Over 95% of ADC shareholders accept the Atlas Mara offer ++ ADC and Atlas Mara in top position to realize joint vision of a premier sub-Saharan financial services group

ADC supports the voluntary public exchange offer by Atlas Mara ++ Management and Supervisory Board consider it financially fair and recommend acceptance

Atlas Mara publishes offer to ADC Shareholders ++ Atlas Mara makes a share-for-share offer to ADC Shareholders at 1.25 Atlas Mara shares for each ADC share, which equates to EUR 10.45 per ADC share ++ ADC will issue a reasoned statement within 14 days

ADC further streamlines its private equity portfolio ++ ADC successfully sells RSwitch to Millicom

ADC reports Q1 2014 results ++ Combination offer from Atlas Mara expected by mid-June

ADC’s banking investment, Union Bank of Nigeria (UBN), reports continued profitability in Q1 2014 ++ Core banking activity emphasized with divestment of four non-core subsidiaries

ADC’s banking investment, Union Bank of Nigeria (UBN), reports full year 2013 results

ADC attracts combination offer from Atlas Mara Co-Nvest ++ Atlas Mara intends to make a share swap of 1.25x Atlas Mara shares for each ADC share ++ Opportunity to further accelerate ADC’s pan-African vision

ADC achieves impressive turnaround in 2013 ++ Results significantly exceed latest profit forecast ++ Efficiency notably increased with room for further improvement

ADC’s subsidiary, BancABC reports 2013 results ++ Total income grew by 26% and pre-tax profits by 20% ++ Cost-to-income ratio decreased by 5 percentage points

ADC increases control in BancABC through mandatory offer ++ Low uptake in-line with expectations ++ Minority shareholders consider banking group undervalued

ADC launches mandatory offer for all outstanding BancABC shares ++ Increased representation through pooling agreements will firm-up control ++ Financed by ADC’s largest shareholder and partner, Trafigura

ADC’s nine-months 2013 results underline positive effect of transformation ++ Selected as a World Economic Forum Global Growth Company

ADC’s banking investment, Union Bank of Nigeria (UBN), reports Q3 2013 results ++ 18% loan book growth in the high quality corporate sector ++ On-going transformation picks up momentum ++ UBN exiting non-core subsidiaries with focus on core banking

ADC achieves strong half-year 2013 results ++ Profit before tax of EUR 11.9 million largely driven by substantial growth in retail banking ++ Strong growth momentum indicates favorable second half-year

ADC’s AGM resolved to further strengthen Supervisory Board ++ Impact of ADC’s strategic direction gains traction with BancABC half-year 2013 profit almost equal to full-year 2012 results ++ UBN reports increasing half-year profit

ADC announces a ten percent capital increase from authorized capital ++ Strategic investor signs private placement

ADC: Transformation into stock corporation (AG) completed ++ Commencement of trading in the Entry Standard of the Frankfurt Stock Exchange

ADC’s Q1 2013 results show significant growth ++ Profit before tax of EUR 10.7 million driven by growth in banking operations ++ Strong financial forecast for 2013

ADC African Development Corporation GmbH & Co. KGaA: Bekanntmachung der Einberufung zur Hauptversammlung am 14.08.2013 in Frankfurt am Main mit dem Ziel der europaweiten Verbreitung gemäß §121 AktG