Honolulu awarded public transit
fare collection contract to init

Ad hoc announcement acc. to ยง 15 (WpHG)

Karlsruhe, 21 March 2016

The Honolulu Authority for Rapid Transportation (HART) has awarded INIT Innovations in Transportation, Inc. - a wholly owned US subsidiary of init innovation in traffic systems AG (ISIN DE 0005759807) - as their provider for the installation and operation of a multi-modal fare collection system. The contract is expected to be signed soon following the proceedings of the RFP. After successful contract closure init anticipates a total contract value of more than 30 million US$.

Contact

Simone Fritz

Investor Relations
init SE
Germany
Tel.: +49-(0)721-6100-115
Fax.: +49-(0)721-6100-130

Email: ir_prefix@initse._suffixcom