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Gunnar Janssen new COO of Acazis AG

March 16, 2012 - London

Acazis AG /Gunnar Janssen new COO of Acazis AG. Processed and transmitted by Thomson Reuters ONE.The issuer is solely responsible for the content of this announcement.

Gilching, Munich, 16 March 2012 - ACAZIS AG's Supervisory Board of Directors appoints Gunnar Janssen of Kronberg, Germany, as a member of the Board of Directors as Chief Operating Officer as of 1 March 2012.

Gunnar Janssen previously held management positions at various international investment institutions amongst them names like Deutsche Bank, Credit Suisse, DLJ, Barclays and most recently as Head of Equities at Silvia Quandt & Cie AG.

ACAZIS AG is reacting to the significant operational growth of its business and in particular to the fact that this year foresees the company putting its own oil-mill back into operation as well as the first revenues being made from the cultivation of castor beans and peanuts.

"With a lengthy and consolidated experience in the investment banking sector, Gunnar Janssen's presence in the company will strengthen the management team at a time when ACAZIS AG's active business operations mean that the company is on the threshold of significant growth in a short space of time. As a result, Gunnar Janssen's experience especially with regard to financing and negotiations with various credit institutions will be ever more relevant," states Patrick Bigger, Chairman and CEO.
Gunnar Janssen states: "I am thrilled to have been asked to join Acazis AG as the company's new COO. With the help of Patrick Bigger, the company has undergone a complete restructuring programme over the last 14 months and has been put back on the map. I will be doing my utmost to support the CEO and help drive Acazis AG forward.

Acazis AG's targets for this year, 2012, have been clearly set:

First, to sell the first significant castor harvest to the Chinese market. Second, to begin with the regular production of edible oil destined for the Ethiopian market at the Acazis-owned oil mill south of Harar.

These first two targets will guarantee the achievement of the first operating revenues.

Later on we will aim to sell one remaining asset on the Acazis AG balance sheet:the over 2000 hectares of eucalyptus wood which will guarantee a harvest for over a 20-year period.

I am very proud to be part of this exciting venture. The Ethiopian economy is booming and is currently is the third fastest growing country in the world. This proves that Acazis AG is in the right place at the right time!"

About the company 
Acazis AG (Acazis) based in Gilching near Munich, operates in the cultivation and use of castor plants, the production of edible oils, the provision of any related services and the acquisition and management of companies and shareholding in related companies as well as the as the carrying out of Executive Board functions.

Andreas Burger 

Acazis AG, Landsberger Str. 18, D-82205 Gilching
Telefon:+49 8105 778 223 0, Telefax: +49 8105 778 223 9

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