EANS-Adhoc: PI Power International Limited (in liquidation): Board Announces the Sale of Stratius Investments Limited

Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.

Strategic management decisions 13.04.2017

Jersey/Vienna, April 13, 2017 - After completing the auction process previously announced, PI Power International Limited (in liquidation) (the Company) has sold its entire interest in Stratius Investments Limited, the Company's Cyprus-registered subsidiary (Stratius) that holds the claim for the arbitration award in relation to the Karpat Energo investment. After engaging with approximately two dozen parties, four participated in the detailed auction process. The winning bid was submitted by Meinl Bank AG. The sale price was EUR 2.75 million.

By means of the sale, Stratius has converted its last remaining investment asset to cash, which allows the board of directors of the Company (the Board) to complete the summary winding up process approved by the shareholders / certificate holders during the Company's general meeting of July 2012. According to the terms of the sale, the Company is obligated to remain open for three months, after which time the Board will complete the winding up process and dissolve the Company. After settlement of existing liabilities and payment of costs to complete the winding up and dissolution, the Board estimates that there will be between EUR 0.03 and EUR 0.035 per ADC for repayment to shareholders / certificate holders.

end of announcement euro adhoc

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issuer: PI Power International Limited 1st Floor, 7 Bond Street A-JE2 3NP St Helier, Jersey, Channel Islands

mail: info@powerinternational.eu WWW: www.powerinternational.eu sector: Energy ISIN: AT0000A05W59 indexes: other securities.at stockmarkets: Third Market: Wien language: English

Digital press kit: http://www.ots.at/pressemappe/5571/aom

Rückfragen & Kontakt:

Metrum Communications
Stefan Trittner
T: +43 664 964 81 24
E-mail: s.trittner@metrum.at

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