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Ultrasonic AG: Issue of Bonus Shares

Cologne, 17 August 2012 - The annual general meeting of Ultrasonic AG (Prime Standard, ISIN DE000A1KREX3, US5), the German holding company of an established Chinese manufacturer and supplier of high-quality branded urban footwear products, decided on 6 July 2012, to increase the company's share capital out of its own resources by EUR 819,615.00,from EUR 10,654,995.00 to EUR 11,474,610.00 by converting EUR 819,615.00 of the capital reserve. To achieve an evenly divisible ratio, the share capital was reduced to EUR 10,654,995.00 by withdrawing five shares.

The capital increase will be performed by issuing 819,615 new no par-value bearer shares ('bonus shares'), which will be distributed to the company's shareholders. The bonus shares carry full dividend rights as of 1 January 2012. The capital increase out of own resources was entered in the company's Commercial Register at the local court in Cologne on 13 August 2012.

The company's shareholders are entitled to bonus shares in a ratio of 13:1 based on their previous of ISIN DE000A1KREX3 shares after the close of trading on the evening of 20 July 2012, such that one (1) new share is allocated for each thirteen (13) old shares. Since all shares of Ultrasonic AG are held in collective bank depositaries, shareholders do not need to take any action with regard to the allocation. The bonus shares will be allocated to eligible shareholders on 21 August 2012 by a security deposit credit based on their holdings of old shares after the close of trading on 20 August 2012. There is no provision for the refund of fees by the issuer.

The bonus shares will be given the ISIN designation DE000A1PG6H1 (WKN A1P G6H) for 'redeemable no par-value shares' of Ultrasonic AG because the bonus shares are subject to a public tender offer by the company. This was also approved at the annual general meeting on 6 July 2012.

The bonus shares will not be admitted for trading on the regulated market (Prime Standard) at Frankfurt Stock Exchange. However, when the public tender offer ends, the ISIN of the bonus shares will be converted from the interim ISIN DE000A1PG6H1 to the main ISIN DE000A1KREX3 and the shares will be included in the ongoing listing.

Due to the issue of bonus shares, the listing of shares of Ultrasonic AG will be deemed to be 'ex bonus shares' on 21 August 2012.

The detailed announcement of the capital increase out of own resources and the issue of the bonus shares has been published in the electronic Federal Gazette (Bundesanzeiger) and on the company's website in the investor section (in German only). The offer document for the public tender offer will be published by 15 September 2012 at the latest.

About Ultrasonic

The Cologne-based company Ultrasonic AG is the German holding company of the Chinese Ultrasonic Group, an established manufacturer and supplier of high-quality branded urban footwear. With around 1,400 employees the Group operates in three market segments, each of which contributes about a third to the Group's revenue. Ultrasonic produces sandals and slippers for the upper price segment and is a long-term supplier of shoe soles for leading manufacturers in the booming Chinese sport shoe industry, for example Anta, Xtep and Unisuper. Moreover, the company has successfully established its own 'Urban Footwear' collection which is marketed under the ULTRASONIC brand and is specifically designed to meet the needs and taste of China's growing urban middle class. Ultrasonic's branded urban footwear collection is currently marketed in more than 90 Ultrasonic mono-label shops, which achieve selling prices in a range from RMB 400 to RMB 1,200 per pair, equivalent to approx. EUR 50 to EUR 140. Within the last three years Ultrasonic's business had a compound annual growth rate of more than 34.4 percent. In FY 2011, the company generated total revenues of EUR 119.4 million and achieved a net profit of EUR 24.9 million.

For further information about the company visit: www.ultrasonic-ag.de

Disclaimer:

This document is no offer for the purchase of securities in the United States of America. Securities may only be sold or offered for sale with the previous registration under the U.S. Securities Act of 1933 in the actual valid version or without previous registration only pursuant to an exemption. The shares of Ultrasonic AG (the 'Shares') have not been registered under the U.S. Securities Act of 1933 in the actual valid version and may not be sold or offered in the United States.

This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the 'Order') or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as 'relevant persons'). The Shares, which are referred to, are only available to relevant persons and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

For Enquiries:

Ultrasonic AG
Chi Kwong Clifford Chan
Member of the Management Board and CFO
E-Mail: clifford.chan@suoli.cc
Phone: +86 1525 947 9902 (China), +852 966 227 40 (Hong Kong)