Yverdon, Switzerland, 21 October, 2015 – In the past months, Leclanché has been contacted by investors who have pointed out that our continuously declining share price does not seem to be in line with the company’s progress in the implementation of its strategic plan.

Anil Srivastava, Leclanché’s CEO, addresses the issue:

“First of all, I would like to thank all the shareholders who took part in the recent extraordinary shareholders’ meeting (EGM held on October the 6th) for their outstanding support, with all proposed resolutions adopted at a 99% approval rate.

Leclanché has made significant progress in 2015 and its Growth Plan is on track, for which an update was provided during the EGM. In particular, I would like to highlight the following items, some of which are leading the global battery industry:

• 5 May 2015 – 8.5 million euros order for the Graciosa project in Portugal. It is one of the World’s largest micro-grid project based on a Lithium Battery System;
• 9 June 2015 – 4.2 MWh battery system order for the World’s largest electric ferryboat in Denmark;
• 31 August 2015 – major customer win for solar street lighting solutions in Saudi Arabia and a major new battery order for automatic guided vehicles;
• 19 October 2015 – Leclanché launches a new, highly-efficient “full-electric” bus at Busworld Europe in Belgium.

The Company takes this matter very seriously and we are monitoring the stock price development very closely. The management of Leclanché is fully committed to its Growth Plan and I can reconfirm the previous guidance given that the Company will reach an adjusted EBITDA* breakeven towards the end of the year.”

*As previously recorded, ‘Adjusted EBITDA breakeven’ is defined as breakeven at the EBITDA level, after adjustment to exclude of any non-cash items and as further adjusted to exclude the negative effects of any growth
initiatives and activities which are separately funded under Facility B or otherwise.

For further information:
Claude-Olivier Rochat, Voxia communication. Tel.: (+41) 079 203 52 19 – co.rochat@voxia.ch
Rohan Sant, Voxia communication. Tel.: (+41) 079 120 00 28 – rohan.sant@voxia.ch

About Leclanché

Headquartered in Switzerland, Leclanché SA is a leading provider of high-quality energy storage solutions designed to accelerate our progress towards a clean energy future. Leclanché’s history and heritage is rooted in over 100 years of battery and energy storage innovation and the Company is a trusted provider of energy storage solutions globally. This coupled with the Company’s culture of German engineering and Swiss precision and quality, continues to make Leclanché the partner of choice for both disruptors, established companies and governments who are pioneering positive changes in how energy is produced, distributed and consumed around the world. The energy transition is being driven primarily by changes in the management of our electricity networks and the electrification of transport, and these two end markets form the backbone of our strategy and business model. Leclanché is at the heart of the convergence of the electrification of transport and the changes in the distribution network. Leclanché is the only listed pure play energy storage company in the world, organised along three business units: stationary storage solutions, e-Transport solutions and specialty batteries systems. Leclanché is listed on the Swiss Stock Exchange (SIX: LECN).

SIX Swiss Exchange: ticker symbol LECN | ISIN CH 011 030 311 9

Disclaimer

This press release contains certain forward-looking statements relating to Leclanché’s business, which can be identified by terminology such as “strategic”, “proposes”, “to introduce”, “will”, “planned”, “expected”, “commitment”, “expects”, “set”, “preparing”, “plans”, “estimates”, “aims”, “would”, “potential”, “awaiting”, “estimated”, “proposal”, or similar expressions, or by expressed or implied discussions regarding the ramp up of Leclanché’s production capacity, potential applications for existing products, or regarding potential future revenues from any such products, or potential future sales or earnings of Leclanché or any of its business units. You should not place undue reliance on these statements. Such forward-looking statements reflect the current views of Leclanché regarding future events, and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. There can be no guarantee that Leclanché’s products will achieve any particular revenue levels. Nor can there be any guarantee that Leclanché, or any of the business units, will achieve any particular financial results.

Contacts Leclanché

Media Switzerland /Europe:

Thierry Meyer

T: +41 (0) 79 785 35 81

E-mail: tme@dynamicsgroup.ch

Media North America:

Henry Feintuch / Ashley Blas

T: +1-914-548-6924 / +1-509-494-4053

E-mail: leclanche@feintuchpr.com  

Media Germany:

Christoph Miller

T: +49 (0) 711 947 670

E-mail: leclanche@sympra.de

Investor Contacts:

Anil Srivastava / Hubert Angleys

T: +41 (0) 24 424 65 00

E-mail: invest.leclanche@leclanche.com