Rights Issue: 2 new shares @ 4.72 EUR for 1 existing share

Ls Invest AG, formerly IFA Hotel & Touristik AG (IFA), is a Germany-based company which is active in the tourism sector. The Company divides its business activities into the three areas Hotels, including holiday hotels and apartments; Health, comprising sports, wellness, beauty and rehabilitation offerings; and Miscellaneous, which includes golf courses and travel agencies. The Company operates hotels and holiday apartments in such resort locations as the Baltic coast in Germany, Gran Canaria in Spain, the Kleinwalsertal valley in northwest of Austria and the Costa Brava in the Dominican Republic. The Company works in close cooperation with major German and European travel agents and tour operators.