Announcement: Expansion of the Pegastril-Nuevo production facility

New production facilities will be set up at several locations across the world and the site in Turkey is being expanded. These investments will also create new jobs.

The takeover and expansion of the following production facilities are planned in all 20 countries of Latin America, as well as France, Spain, Portugal, Greece, Cyprus, Nigeria, Ethiopia, Uganda, Tanzania, Mozambique, Angola, Mauritius, Guinea-Bissau, Cape Verde, São Tome, and Mongolia.

The demand for disinfectants has skyrocketed as a result of the coronavirus. Especially high revenues are expected from products which are based on vegetable surfactants and are alcohol-free, such as Nuevo. This was the decisive factor in the management's decision to further expand the quantity and range of Nuevo products.

Pegasus Development AG promptly secured the exclusive rights by investing in Nuevo, thereby developing the Pegastril-Nuevo brand. You can find more information about the products at: www.pegastrilnuevo.ch. With new technologies and innovative ideas, Pegastril-Nuevo is working to prevent the further spread of the coronavirus and any future pandemics. Among other things, disinfection booths have been developed that can spray the whole body with disinfectant within a few seconds. These cabins are primarily intended for use at airports, train stations, and public places. A single tank of disinfectant would be enough to disinfect 10,000 people, each taking ten to twenty seconds to treat.

Pegastril-Nuevo already supplies Saudi Arabia, the United Arab Emirates, and Nigeria in addition to the European countries.

In future, virus protection will be the top priority in all business areas. It is becoming obvious that every restaurant and shopping centre will be required to place such a disinfectant cabin at its entrance. This is the precisely where revenue is expected to grow in the future. The cabins will allow brick & mortar shops to remain competitive against e-commerce sites.

This will open up an immense market for Pegasus Development AG that promises tremendous growth.

The issuer is solely responsible for the content of this announcement.