Asian Bamboo launches IPO

Hamburg, Germany, November 5, 2007--Asian Bamboo AG, a producer of bamboo trees and organic bamboo shoots in China, has outlined details of its forthcoming initial public offering on the Prime Standard of the Frankfurt Stock Exchange.

The offer period is expected to run November 8-14.

Up to 5,586,700 shares will be offered in a public offering in Germany and Luxembourg, as well as private placements to institutional investors outside Germany, Luxembourg and the United States.

The company expects to raise approximately €75 million through the IPO and intends to use the proceeds to finance the long-term contracting of additional bamboo forests in China. Due to long-term contracts the company has access to 13 bamboo plantations comprising 36,077 acres in the Fujian province. It is also planning to set up its own bamboo flooring plant.

Asian Bamboo AG focuses on two main business segments: bamboo trees and organic bamboo shoots. Bamboo trees are used as a fast growing and sustainable alternative to wood in flooring and other industries. Organic bamboo shoots are sold as fresh shoots to local agricultural markets as well as further processed and exported mainly to Japan.

Asian Bamboo AG has around 300 employees and operates four processing facilities for bamboo shoots in addition to the cultivation of bamboo. Over the last three years, Asian Bamboo AG has had a compound annual growth rate of 79% in revenues to €10.89 million in 2006.