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Voxeljet AG Announces Pricing Of Initial Public Offering

voxeljet AG (the “Company” or “voxeljet”), a leading provider of high-speed, large-format 3D printers and on-demand parts services to industrial and commercial customers, today announced the pricing of its public offering of 6,500,000 American Depositary Shares (ADSs) at a public offering price of $13.00 per ADS. Of the 6,500,000 ADS sold in the public offering, 5,600,000 were sold by the Company and 900,000 were sold by its shareholders (the “Selling Shareholders”). The Company's ADSs are expected to begin trading on October 18, 2013 on the New York Stock Exchange under the ticker symbol “VJET.” The offering is expected to close on October 23, 2013, subject to the satisfaction of customary closing conditions. The Selling Shareholders have granted the underwriters a 30-day option to purchase up to an additional 975,000 ADSs at the public offering price, less the underwriting discount, to cover over-allotments, if any.

The net proceeds of the offering to the Company are estimated to be approximately $64.5 million after deducting underwriting discounts and commissions and estimated offering expenses. The Company intends to use the net proceeds from the offering for the expansion of its on-demand parts service center in Europe and the establishment of new on-demand parts service centers in North America and Asia; research and development and sales and marketing initiatives; and for general corporate purposes, including, without limitation, potential acquisitions. The net proceeds of the offering to the Selling Shareholders are estimated to be approximately $10.7 million after deducting underwriting discounts and commissions and estimated offering expenses, prior to any exercise of the underwriters' over-allotment option. The Company will not receive any proceeds from the sale of ADSs by the Selling Shareholders.

Piper Jaffray and Citigroup are acting as joint book-running managers for the offering and Cowen and Company and Stephens Inc. are acting as co-managers. The offering of these securities is being made only by means of a prospectus, copies of which can be obtained from:

Piper Jaffray & Co.           Citigroup Global Markets Inc.

Attention: Prospectus Department

Citigroup Global Markets Inc.

800 Nicollet Mall, J12S03

c/o Broadridge Financial Solutions

Minneapolis, MN 55402

1155 Long Island Avenue

800-747-3924

Edgewood, New York 11717

prospectus@pjc.com

Telephone at (800) 831-9146

E-mail at BATProspectusdept@citi.com

 

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on October 17, 2013. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the offered securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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