Praktiker AG before capital increase

• Resolution of General Meeting entered in the commercial register
• Subscription period and preemptive rights trading to start presumably on 30 November 2012

Hamburg/Kirkel - 27 November 2012. Praktiker AG, one of the leading home improvement companies in Germany, is launching the planned capital increase presumably still this week which is to yield gross proceeds of EUR 60 million. The resolution passed by the General Meeting on 4 July 2012 to increase the nominal capital of EUR 58,000,000 by up to EUR 57,142,858 to up to EUR 115,142,858 was entered in the commercial register of the company kept by the Local Court of Saarbrücken on Monday evening.


This was commented by Armin Burger, CEO of Praktiker AG, as follows: "The capital increase is part of the financing scheme for a comprehensive corporate restructuring concept of the Group which is focused on the realignment of the Germany business with Max Bahr as the key sales line and on the consolidation of the international market presence of Praktiker. We have now overcome the last hurdle to the successful continuation of this process."

The Management Board and the Supervisory Board will now determine at short notice the subscription price of the new shares and initiate the further steps for the implementation of the capital increase. For the capital increase, preemptive rights will be granted to the present shareholders of Praktiker AG. The capital increase and the preemptive rights trading on the regulated market of the Frankfurt Stock Exchange will be managed via Berenberg Bank. The subscription period is expected to commence on 30 November 2012 and to end on 13 December 2012. The preemptive rights trading is expected to commence on 30 November 2012 and end on 11 December 2012. The capital increase will be secured by a back-stop agreement with Donau Invest Beteiligungs Ges.m.b.H., which already declared its willingness to take over non-subscribed shares under certain conditions in an amount of up to EUR 35 million. In the event that after implementation of this agreement some of the new shares should still remain these would be offered to interested national and international investors (with the exception of the U.S., Canada, Japan and Australia) within the scope of a private placement. Any remaining new shares after that would be taken over by Berenberg Bank on the basis of a takeover agreement subject to usual market conditions.

The first trading day for the new Praktiker shares will probably be 19 December 2012.

The securities prospectus has already been submitted to the German Financial Supervisory Authority (BaFin). After approval of the prospectus, which is expected to be granted on 29 November 2012, the subscription offer is to be published in the Federal Gazette and on the website of Praktiker AG at www.praktiker.com.




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