Dragon holdings AG acquires Tradeology Ltd

Dragon holdings AG acquires Tradeology Ltd

Dragon Holdings AG ISIN: DE000A1CTDS8 , WKN: A1CTDS , Trading Symbol: DRA

('Dragon Holdings AG' or 'the Company')

ACQUISITION - Tradeology Ltd
22nd March 2011

The Directors of Dragon Holdings AG, the algorithm trading and Distribution Company, are pleased to announce the acquisition of Tradeology Ltd ('TDL').

Under the terms of the acquisition, Dragon Holdings AG will pay SGD 2,600,000 for subscribing to 51% of new shares of Tradeology Ltd.

Tradeology is a Singapore based Research and Development Company established in 2009, providing both BotTrading hardware and BotTrading software to primarily to customers in the Far East but also to the Middle East and India.

The Directors of Dragon Holdings AG believe that as the IT and software technology sectors draw closer together, the opportunities for both companies to find new customers and markets will increase. South East Asia is a high growth area in which the Company wishes to expand its operations; therefore this acquisition will be of great benefit.

Michael Hughes, Executive Director of Dragon Holdings AG, said: 'It is the nature of private companies that their commercial value is frequently understated. Proven underlying profitability makes it an ideal fit with Dragon Holdings AG. We see Tradeology working closely with our Singapore office to market and sell the Dragon Holdings AG programmed trading terminals in Hong Kong and mainland China.'

Tristan Tabori, President Tradeology Ltd, said: 'our team is delighted to be joining forces with Dragon Holdings AG, a company with a strong vision coupled with sound technology.

Together we will be stronger and able to reach new market segments currently missing from both companies' business portfolios. We look forward to strong business growth coming from the synergies generated by this acquisition.'

The Directors of the Issuer accept full responsibility for the contents of this announcement.

Contact details:

Dragon Holdings AG
Michael Hughes +49 1767 3800 098 michael@dragonholdings.net

Investor Relations
Yana Slatina +65 8198 0352 yslatina@dragonholdings.net

Corporate adviser

Mr. Jorn Follmer

CDC Capital AG, Munich, Germany