Dear shareholder, It is shortly before Easter and in our individual discussions previously I had promised to some of you to present my vision for CASSONA until Easter. At the beginning of the year CASSONA
expected that the commodity market might rebalance until Easter. Now I have to realize that the market conditions might not recover until the end of the year 2015. What does this mean for CASSONA? Hereafter step by step the details within this letter to the shareholder.

26/03/2015

CASSONA Letter to the shareholder 26 March 2015
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