ADC African Development Corporation GmbH & Co. KGaA: Rights offer on bonds 2012/2015 to commence in calendar week 19 ++ Details on exercising rights to be provided by custodian banks

To finance further acquisitions, ADC African Development Corporation (ADC), ISIN DE000A1E8NW9, a fast growing pan-African banking group focusing on the frontier markets in sub-Saharan Africa announced the issuance of a warrant bearing bond with a volume of up to EUR 40 million on 17 April 2012. The bond will have a duration of 3 years with a fixed interest rate of 6 % per annum and will include up to 2.0 million warrants entitling the holders to subscribe to up to 2.0 million new ordinary registered shares of the company at a share price of EUR 14.00.The rights offer to existing shareholders of the company will be published in the German federal gazette (Bundesanzeiger) next week.

After the publication in the German federal gazette (Bundesanzeiger), our shareholders will be able to log on to our website www.african-development.com and download the complete documentation on the bonds 2012 including the terms and conditions thereof.

After the commencement of the subscription period, our shareholders will receive further instructions through their custodian bank on exercising their subscription rights and issuing the bonds.

About ADC

ADC African Development Corporation, ISIN DE000A1E8NW9 (ticker symbol: AZC.GR), a member of the Angermayer, Brumm & Lange Group (www.abl-group.de), was established in September 2007 and aims to become one of the leading banking groups in sub-Saharan Africa, active in corporate and retail banking as well as insurance business and proprietary investments. ADC also provides high level advisory services to international clients who wish to pursue investment and business opportunities in the highly attractive African growth markets. The company's success is primarily due to its local management team, which follows international best practice principles to further develop its operational companies and implements conventional international processes to increase their profitability. As the second international emerging market investor in the world, ADC was integrated into the insurance solution offered by the Multilateral Investment Guarantee Agency ('MIGA'), a member of the World Bank Group, primarily due to its strong operational approach and adherence to the highest ethical standards. This insurance offers protection against a variety of political risks, in particular the risk of radical political change.

Contact:
Investor Relations
investor-relations@african-development.com
T +49 69 719 12 80 119