27.04.2018 – 07:02

ASMALLWORLD AG

EQS-Adhoc: ASMALLWORLD AG: ASMALLWORLD AG (ASWN) responds to the BaFin statement

EQS Group-Ad-hoc: ASMALLWORLD AG / Key word(s): Statement
ASMALLWORLD AG: ASMALLWORLD AG (ASWN) responds to the BaFin statement

27-Apr-2018 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

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Press release

ASMALLWORLD AG (ASWN) responds to the BaFin statement


Zurich, 27.04.2018 - On Thursday, April 26th2018, BaFin published a statement
warning against an e-mail recommendation to buy shares of ASMALLWORLD AG, which
were published by third parties and may contain "incorrect or misleading
information". This statement by BaFin does not refer to ASMALLWORLD AG as a
company but to the recommendations of third parties. ASMALLWORLD AG recorded
strong sales growth for the first quarter and is on track to achieve its targets
for 2018.

BaFin warning and share price performance April 26, 2018

The ASMALLWORLD AG (ASWN) share closed at CHF 15.9 on Thursday, April 26th2018,
a decline of around 28%. The price was stable until around 2:45pm and then
plummeted by almost 50% before recovering during the last part of trading. The
reason for this share price development is most likely a statement published by
BaFin, the German financial services regulator, titled: "BaFin warns against buy
recommendations for shares of ASMALLWORLD AG". BaFin states that e-mails
recommending to buy the shares contained "incorrect or misleading information".
An investigation was opened on suspicion of market manipulation.

ASMALLWORLD AG proactively seeks cooperation with BaFin

ASMALLWORLD AG wants to clarify that the investigation is not directed against
ASMALLWORLD AG, but against third parties. Neither the company nor its main
shareholder, ASW Capital, had been aware of BaFin's investigation to date and
the statement has surprised the organisation. In addition, it is still unclear
to ASMALLWORLD AG exactly which recommendations BaFin refers to. ASMALLWORLD AG
has now proactively approached BaFin to clarify the situation and reserves the
right to take legal action against the possible perpetrators.

"It is very painful to see that our company is associated with such an
unfortunate situation over which we have no control. We are keen to move past
this irritation, caused by third parties, as quickly as possible. We support
BaFin's call for investors to obtain information about our company from
reputable sources, such as our own Investor Relations website or the financial
press. However, we assure our investors that we are still on track to achieve
our operational targets for the current year," clarifies CEO Jan Luescher.

Business performance of ASMALLWORLD AG on track

ASMALLWORLD AG can look back on a strong first quarter. Furthermore, ASMALLWOLD
AG just concluded a call option agreement with a subscription-based luxury
travel community, currently primarily operating in the DACH region and sees
great potential in this possible acquisition. ASMALLWORLD AG has until November
30th2018 to exercise this call option and acquire the company. Should
ASMALLWORLD exercise the call option this would result in an upward revision of
ASMALLWORLD's 2018 revenue and subscriber numbers guidance. ASW Capital AG,
ASMALLWORLD's long-term oriented anchor shareholder (60%) is committed to
supporting ASMALLWORLD AG's financing initiative with a substantial
contribution.

This press release and further information can be found atwww.asmallworldag.com.

Contact:

ASMALLWORLD AG
Jan Luescher, CEO
Bellerivestrasse 241
CH-8008 Zurich 
press@asw.com


ASMALLWORLD - share the good life

ASMALLWORLD a private social network that connects people with shared passion
for the good life.

Each year, ASMALLWORLD organises more than 1000 events around the world, where
members can expand their private and professional networks. The ASMALLWORLD
website and mobile apps offer members the opportunity to engage in discussions,
obtain travel advice from the Travel Guides or other members, or meet other
members whilst travelling the world. Members also enjoy exclusive privileges
from international partners such as status upgrades, discounts and additional
services.

Besides the global ASMALLWORLD community, Zurich-based ASMALLWORLD AG operates
ASW Travel AG, which provides bespoke travel arrangements for its customers, as
well as The World's Finest Clubs AG, which offers its members access to the most
exclusive nightlife venues around the world.

More atwww.asw.comandwww.asmallworldag.com

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End of ad hoc announcement------------------------------------------------------

680073  27-Apr-2018 CET/CEST