DGAP-Adhoc: Enterprise Holdings Limited: Directors of

Enterprise Holdings Limited / Key word(s): Bond/Legal Matter 24.09.2016 15:43 Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Directors of Enterprise Holdings Limited appoint Administrators to protect Assets and Business The Directors of Enterprise Holdings Limited (EHL), have yesterday applied for an Order in a UK Court for the appointment of Administrators to protect and safeguard the assets and business of EHL. The appointment by court order of Stephen Conn and Jonathan Avery-Gee of CG&Co as Administrators will allow time for the Company to review and restructure its operations without the threat of proceedings from any of its potential creditors. The Directors of EHL have become aware of a potential erroneous legal action that has the possibility of deflecting resources from its attempts to restructure and reshape its business. Such an action would have harmed the position of any potential creditors. Furthermore the Directors are deeply concerned at the actions in Gibraltar by some of the agencies involved in the Provisional Liquidation of its subsidiary, Enterprise Insurance Co. Plc. The Director's concerns surround actions that appear to neither be in policyholder nor creditor's interests. The Administrators will take all necessary steps to engage with these agencies to ensure the interests of the creditors of EHL are properly protected. The Administrators will oversee the Company's continued efforts to restructure some or part of its business including an attempt to deliver a Managing General Agent (MGA) solution for its insurance business. This move will ensure that EHL has the opportunity to restructure its business and provide the best possible result for its creditors. A further communication will be issued by the Administrator in the coming days. End of adhoc release Enterprise Holdings Ltd. Group - an owner-lead insurance firm Lead by its founder the company holds several other subsidiaries together with affiliated service companies. The Group offers independent white label general insurance solutions, apart from life insurance products. The affiliated companies deliver insurance specific auditing services as well as administrative and marketing services. The Group focuses its activities on high-yield niches within the European general insurance market. The main category of the offered insurances is in the field of automobile damage and third party insurance, legal costs insurance, household contents insurance and guarantees. Main markets are currently the United Kingdom, France, Greece and Italy. Bond issue 2015/20 Since 30 March 2015 the Enterprise Holdings' corporate bond 2015/20 is listed in the Entry Standard segment at Boerse Frankfurt (International Security Identification Number (ISIN): DE000A1ZWPT5). Bond issue 2012/17 Enterprise Holdings' corporate bond 2012/17 is listed in the Entry Standard segment at Boerse Frankfurt (International Security Identification Number (ISIN): DE000A1G9AQ4) since 26 September 2012. The originally issued volume of the bond was 35m euro. During the exchange offer that ended 26 March 2015, holders of the bond exchanged 6.3m euro into the new bond 2015/20. Additionally in October 2015 the company redeemed Euro 9.2m bonds from an investment fund. Therefore the total volume of the bond 2012/17 currently is 19.5m euro. For more information about the bonds please visit our website, especially the sections "Bond 2015/20" and "Bond 2012/17" at www.enterprise-holdings.de Bond Investor Relations / Press Please direct all your requests to: max. Equity Marketing GmbH, Maximilian Fischer, Marienplatz 2, 80331 Munich, Germany Tel: +49 89 139 28890 E-Mail: ir@enterprise-holdings.de Disclosing person according Durchführungsverordnung (EU) 2016/1055 u.a.: Andrew John Flowers, Chief Executive Officer of Enterprise Holdings Limited IMPORTANT NOTE - Disclaimer This information may not be disseminated outside of Germany and Austria, in particular not in the United States, to US Persons according to regulation S of the US Securities Act of 1933 or to publications with a general circulation in the United States. Any person who fails to comply with these restrictions may violate the security laws of certain jurisdictions, in particular of the United States. Bonds in Enterprise Holdings Limited are not publicly offered outside of Germany and Austria. The Notes will not be registered under the Securities Act of 1933, or any applicable state or foreign securities laws, and are subject to substantial restrictions on transfer. In particular, the Notes may not be offered or sold in the U.S., or to or for the benefit of U.S. persons, absent registration under the Securities Act or an applicable exemption from the registration requirements of the Securities Act. The securities mentioned in this press release are not being and will not be offered for sale to the public in the United States, Australia, Canada and Japan. 24.09.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: Enterprise Holdings Limited 47 Esplanade JE1 0BD St. Helier Jersey Phone: +49 89 -1392889-0 Fax: E-mail: ir@enterprise-holdings.de Internet: www.enterprise-holdings.de ISIN: DE000A1G9AQ4, DE000A1ZWPT5 WKN: A1G9AQ, A1ZWPT Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Open Market in Frankfurt (Entry Standard) End of Announcement DGAP News-Service ---------------------------------------------------------------------------