DGAP-News

LSF6 Europe Financial Holdings, L.P. launches a voluntary public acquisition offer to the shareholders of IKB Deutsche Industriebank AG

LSF6 Europe Financial Holdings, L.P. / Key word(s): Offer

08.08.2016 07:45

Dissemination of a Corporate News, transmitted by DGAP - a service of EQS
Group AG.
The issuer / publisher is solely responsible for the content of this announcement.

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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION TO ANY U.S. PERSON (AS DEFINED
IN REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED) OR IN OR
INTO OR TO ANY PERSON LOCATED OR RESIDENT IN OR AT ANY ADDRESS IN THE
UNITED STATES OR IN OR TO ANY PERSON LOCATED OR RESIDENT IN THE REPUBLIC OF
ITALY, CANADA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE
THIS PRESS RELEASE AND THE OFFER DOCUMENT (AS DEFINED BELOW)

LSF6 Europe Financial Holdings, L.P. launches a voluntary public
acquisition offer to the shareholders of IKB Deutsche Industriebank AG

Frankfurt, 8 August 2016. LSF6 Europe Financial Holdings, L.P., Delaware,
USA (the "Bidder"), announces today its offer ("Offer")

- to the shareholders of IKB Deutsche Industriebank Aktiengesellschaft
("IKB"), to purchase any and all shares in IKB AG (ISIN DE0008063306/
WKN 806 330) not yet held by the Bidder

- at an offer price of EUR 0.55 in cash per share ("Offer Price"), i.e.
at a premium of

- 206% above the closing price of the IKB shares on the Düsseldorf
Stock Exchange on 5 August 2016 of EUR 0.18

- 150% above the volume-weighted average stock exchange price of the
IKB shares during the three months before 8 August 2016 of EUR 0.22
(based on Bloomberg data) and

- 22.2% above the equity value of the IKB shares calculated in
consideration of IDW S1, as described below

The Offer gives the IKB shareholders the possibility to exit their
investment prior to the delisting of IKB AG's shares becoming fully
effective on 30 September 2016.

The Offer begins today, 8 August 2016, and will expire at 24 hours (CEST)
on 5 September 2016 ("Acceptance Period"), unless extended by the Bidder.

The Offer is made against the following background:

IKB has filed for a delisting of the IKB shares from trading on all stock
exchanges on which the IKB shares were included at the instigation of IKB.
The trading of the IKB Shares in the Entry Standard of the Frankfurt Stock
Exchange was therefore discontinued (eingestellt) as of 11 April 2016 and
the trading of the IKB Shares in the Primary Market (Primärmarkt) of the
Düsseldorf Stock Exchange discontinued as of 31 March 2016. The IKB Shares
currently trade at the instigation of IKB only in the general open market