BOWENS INTERNATIONAL LTD.

DISCONTINUES OPERATIONS

Manufacturing operations in China also affected

Colchester / UK, August 2017 - Bowens International Ltd., an English manufacturer of studio flash units,
will discontinue its operations. This decision is the result of the far-reaching changes affecting its market,
including new, considerably less expensive products by Chinese manufacturers, product innovations by
competitors, and the changed buying behavior of professional photographers, who are now only willing
to invest in new equipment if the investment guarantees additional income.

As part of the decision to discontinue its operations Bowens consequently also decided to discontinue
the manufacturing operations in China. Therefore the formal liquidation process for the manufacturing
legal entity Bowens Studio Lighting Co Ltd. has been initiated and the employees have been informed
about the decision. The liquidation process is handled according to all local laws and requirements and
the employees will be informed in due course on next steps. The timing of the liquidation process is
driven by necessary local formal filing procedures and will most probably happen in the course of the
next couple of months.

Bowens Management and shareholders appreciate the hard work and dedication of the employees in
China since the start of the manufacturing back in 2010. Bowens International was acquired by
AURELIUS Group in summer 2016.

Contact for requests:

Stefan Schreck, Marketing Manager
Telephone: +49 (0) 40 423 160 - 122
Mail: stefan.schreck@calumetphoto.de