Haag, April 20, 2016 – VAT, the leading global manufacturer of high-end vacuum valves and related products and services, announced today that the Joint Global Coordinators, acting on behalf of the syndicate banks, have fully exercised the over-allotment option of its initial public offering (“IPO”) of 1,800,000 existing shares at the offer price of CHF 45 per share.

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Neither this announcement nor anything contained herein shall form the basis of, or be relied upon in connection with any offer or commitment whatsoever in any jurisdiction. Investors should not purchase or subscribe for any shares referred to in this announcement except on the basis of the information that is contained in the offering and listing memorandum (the "Offering Memorandum") and the supplement thereto (the “Supplement”) published by VAT Group AG (“VAT” or the “Company” and together with its subsidiaries, the “Group”) in connection with the initial public offering of VAT Group AG and listing of all its issued and outstanding 30,000,000 registered shares with a nominal value of CHF 0.10 each on SIX Swiss Exchange.

Media release

On April 14, 2016, the shares of VAT (ticker symbol: VACN) were listed and admitted to trading on SIX Swiss Exchange. The Joint Global Coordinators, acting on behalf of the syndicate banks, have today exercised the full over-allotment option at CHF 45 per share, representing 15% of the 12,000,000 existing shares offered in the base offer. Including the shares placed in connection with the over-allotment option, a total of 13,800,000 existing shares have been sold in the IPO of VAT, corresponding to 46% of the share capital. The total placement volume therefore amounts to CHF 621 million. The funds managed and/or advised by Partners Group and Capvis will hold approximately 45.8% of the share capital, other shareholders will hold approximately 5.4%, while management will hold approximately 2.9% of the share capital.

The funds managed and/or advised by Partners Group and Capvis, as well as the Company and other shareholders, have entered into a 6-month lock-up period, while management shareholders have entered into a staggered 36-month lock-up period, starting on the first trading day, subject to customary exceptions.

In conjunction with the IPO UBS and Credit Suisse are acting as Joint Global Coordinators and Joint Bookrunners, along with J.P. Morgan as additional Joint Bookrunner. Bank Vontobel and Berenberg are acting as Co-Lead Managers and St.Galler Kantonalbank as Selling Agent. Lilja & Co. is acting as independent adviser to Partners Group, Capvis and VAT.