DGAP-News

Bundeskartellamt clears plans of Deutsche Annington to combine with GAGFAH - Seite 2

the offer document approved by the German Federal Financial Supervisory
Authority (Bundesanstalt für Finanzdienstleistungsaufsicht). Investors and
holders of GAGFAH shares are strongly recommended to read the offer
document and all documents in connection with the public takeover offer, as
soon as they have become public, since they contain important information.

Subject to the exceptions described in the offer document as well as any
exemptions that may be granted by the relevant regulators, a public
takeover offer will not be made directly or indirectly, in any jurisdiction
where to do so would constitute a violation against the national laws of
such jurisdiction.

The shares in Deutsche Annington have not been nor will they be registered
under the U.S. Securities Act of 1933 as amended or with any securities
regulatory authority of a state or any other jurisdiction in the USA.
Therefore, subject to certain exceptions, shares in Deutsche Annington must
not be offered or sold within the USA or any other jurisdiction where to do
so would constitute a violation of the laws of such jurisdiction. There
will be no registration of the shares in Deutsche Annington mentioned
herein pursuant to the relevant laws in the USA. If, in the opinion of
Deutsche Annington, shares in Deutsche Annington may neither be offered nor
transferred to a U.S. shareholder pursuant to the provisions of the U.S.
Securities Act of 1933, such U.S. shareholder who has validly accepted the
offer will, in lieu of the number of shares in Deutsche Annington to which
he is entitled, receive a corresponding cash amount in Euro from the sale
of the respective number of shares in Deutsche Annington.

To the extent permissible under applicable law or regulation, and in
accordance with ordinary German market practice, Deutsche Annington or its
brokers may purchase, or conclude agreements to purchase, GAGFAH shares,
directly or indirectly, out of the public takeover offer, before, during or
after the period in which the offer remains open for acceptance. This
applies to other securities which are directly convertible into,
exchangeable for, or exercisable for GAGFAH shares. These purchases may be
completed via the stock exchange at market prices or outside the stock
exchange at negotiated conditions. Any information on such purchases will
be disclosed as required by law or regulation in Germany or any other
relevant jurisdiction.

If any announcements in this document contain forward-looking statements,
such statements do not represent facts and are characterized by the words
"will", "expect", "believe", "estimate", "intend", "aim", "assume" or