Lithium Technology Corporation (LTHUQ)

[hagimallis]

In June 2017, two new companies - EAS Batteries Gmbh and Monbat New Power Gmbh were acquired by Monbat Holding Gmbh. The purchase consideration paid for each of the acquired companies was EUR 27.5 thousand. Prior to the date of the acquistions, the three newly acquired companies have had limited operating activities. On July 31, 2017, EAS Batteries Gmbh and Monbat New Power Gmbh acquired part of the net assets and existing contractual relationships as part of insolvency proceedings, including the know-how and technological knowledge and processes of the companies in liquidation GAIA Akkumulatoren werke Gmbh and EAS Germany Gmbh. Both companies were focused in the production and sale of lithium - ion batteries prior to the insolvency procedures. In the interim consolidated reportas at 30.09.2017, the acquisitions of the net assets conducted by EAS Batteries Gmbh and Monbat New Power Gmbh are treated as a business combination within the meaning of IFRS 3 Business Combinations. Both acquisitions are treated as one business combination from the Group's perspective for the purpose of calculating the effect of acquisitions. The