Update Pending Litigation: Samar Requests For Suspension of Payments (surseance van betaling)

The Netherlands, Amsterdam, 12 March 2013

TIE Holding N.V. (“TIE”) has learned that the Court has granted Samar B.V.’s request for suspension of payments on March 11, 2013.

Since December 2007, TIE has been involved in discussions and subsequently in legal proceedings with Samar. For further information on these proceedings, reference is made to TIE’s previous press releases on the matter and to the summary included in the paragraph "Legal Cases - Samar B.V.”  in TIE's 2012 Annual Report, page 59.

For further information about this press release, please contact us via +31 20 658 9099 or bob.out@tiekinetix.com.

Profile TIE Kinetix
TIE Kinetix transforms the digital supply chain by providing Total Integrated E-commerce solutions. These solutions maximize revenue opportunities by minimizing the energy required to market, sell and deliver online. Customers and partners of TIE Kinetix constantly benefit from innovative, field tested, state-of-the-art technologies, which are backed by over 25 years of experience and prestigious awards. TIE Kinetix makes technology to perform, such that customers and partners can focus on their core business.

TIE Kinetix is a public company (NYSE Euronext: TIE Holding), and has offices in the United States, the Netherlands, France, Australia, UK, Germany, Austria and Switzerland.