Arbitration filed against Gigaset AG based on 2006 transaction

Evonik Degussa GmbH ("Evonik") has filed arbitration proceedings against Gigaset AG ("Gigaset") at the Deutsche Institution für Schiedsgerichtsbarkeit e. V. (German Institution of Arbitration) and demands payment of a penalty of 12 million by Gigaset on the basis of a contract entered into in 2006.