DGAP-News

Squeeze-out initiated for DOUGLAS HOLDING AG - Seite 3

in concert with the Bidder pursuant to Section 2 para. 5 sentence 1 and
sentence 3 of WpÜG with respect to possible future events, e.g., regarding
the possible consequences of the takeover offer for DOUGLAS HOLDING AG, for
those DOUGLAS Shareholders who choose not to accept the takeover offer or
for future financial results of DOUGLAS HOLDING AG. Such forward-looking
statements are based on current plans, estimates and forecasts which the
Bidder and the persons acting in concert with the Bidder pursuant to
section 2 para. 5 sentence 1 and sentence 3 of WpÜG have made to the best
of their knowledge, but which do not claim to be correct in the future.
Forward-looking statements are subject to risks and uncertainties that are
difficult to predict and generally cannot be influenced by the Bidder and
persons acting in concert with the Bidder within the meaning of Section 2
para. 5 sentence 1 and sentence 3 of WpÜG. The forward-looking statements
contained in this announcement could turn out to be incorrect; future
events and developments could considerably deviate from the forward-looking
statements contained in this announcement.

The takeover offer is issued exclusively under the laws of the Federal
Republic of Germany, expecially under the WpÜG and the Regulation on the
Content of the Offer Document, Consideration for Takeover Offers and
Mandatory Offers and the Release from the Obligation to Publish and Issue
an Offer (´WpÜG Offer Regulation´) and certain applicable provisions of
U.S. securities law. The takeover offer is not executed according to the
provisions of jurisdictions (including the jurisdictions of Canada,
Australia, and Japan) other than those of the Federal Republic of Germany
and certain applicable provisions of U.S. securities law. Thus, no other
announcements, registrations, admissions or approvals of the takeover offer
outside the Federal Republic of Germany have been filed, arranged for or
granted. The Douglas Shareholders cannot rely on having recourse to
provisions for the protection of investors according to another
jurisdiction than that of the Federal Republic of Germany. Any contract
that is concluded on the basis of this takeover offer is exclusively
governed by the laws of the Federal Republic of Germany and is to be
interpreted in accordance with them.

DOUGLAS Shareholders in the United States (the ´U.S. Shareholders´) are
notified that this takeover offer is being made in respect of securities of
a company that is a foreign private issuer within the meaning of the
Securities Exchange Act of of the United States of 1934, as amended (the