Ad hoc: Biofrontera AG: Biofrontera creates option bond / planned restructuring of the 8% convertible bond 2005/2010

Biofrontera AG / Misc. matters / Ad hoc: Biofrontera creates option bond / planned restructuring of the 8% convertible bond 2005/2010 Ad hoc announcement according to §15 WpHG processed and transmitted by Hugin. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- -------------- Leverkusen, 09 June 2009 - The executive board of Biofrontera (ISIN: DE 0006046113) has decided today, with approval of the supervisory board, to emit an option bond with a total nominal value of up to Euro 10,000,000.00, divided into up to 100,000 partial debentures, each with a nominal value of Euro 100.00 and five (5) detachable option rights to buy, for 5 Euros, one ordinary Biofrontera share with a base value of 1 Euro (totalling up to 2,500,000.00 Euro). The instrument was authorized by the extraordinary shareholder meeting of March 17, 2009, and expires on December 31, 2017. The shareholders will be given a subscription right that will be excluded for fractional amounts. Partial debentures, which will not be purchased through the subscription right, will be offered to the holders of the Biofrontera 8% convertible bond 2005/2010 as part of a plan to restructure this instrument. Details of the restructuring package will therefore be published subsequently to the period of the subscription right. In relation to the restructuring package the company will most likely organize an assembly of the holders of the convertible bond 2005/2010. Biofrontera AG, Hemmelrather Weg 201, 51377 Leverkusen, Germany ISIN: DE0006046113 WKN: 604611 Contact: Anke zur Mühlen Biofrontera AG Tel.: +49 (0214) 87 63 222 Fax.: +49 (0214) 87 63 290 --- End of Message --- Biofrontera AG Hemmelrather Weg 201 Leverkusen Germany WKN: 604611; ISIN: DE0006046113; Listed: Freiverkehr in Börse Berlin, Freiverkehr in Bayerische Börse München, Freiverkehr in Börse Stuttgart, Open Market in Frankfurter Wertpapierbörse, Regulierter Markt in Börse Düsseldorf;