Viasystems Announces Insurance Claim Settlement

Viasystems Group, Inc. VIAS, a leading provider of complex multi-layer printed circuit boards and electro-mechanical solutions, today announced the final settlement of the company's insurance claim related to a 2012 fire incident in its Guangzhou, China factory. On October 31, 2014, the company accepted a final insurance claim settlement offer of RMB162.6 million (approx. US$26.6 million) related to the 2012 fire incident in its Guangzhou, China factory, which together with previous interim settlement proceeds, increased the total claim proceeds value to RMB202.7 million (approx. US$33.1 million). “I am happy to report that, late last week, we reached a final settlement of our insurance claim for damages incurred in the 2012 factory fire incident in China,” stated David M. Sindelar, chief executive officer of Viasystems. “While the significance and complexity of the claim resulted in more than two years of negotiations over the settlement, we believe the final result is fair compensation for the damages caused by the fire,” concluded Mr. Sindelar. No Offer or Solicitation The information in this communication is for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy any securities or the solicitation of any vote in any jurisdiction pursuant to the proposed transactions or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.