DGAP-News

IKB Deutsche Industriebank AG: Results for the financial year 2013/14 - Seite 3

The table with the loss participation of profit participation certificates
is available at https://www.ikb.de/en/press/news/.


Silent partnership interests in the commercial enterprise of IKB AG
securitised by way of securities issued by Capital Raising GmbH and
Hybrid Raising GmbH

The table with the loss participation of silent partnership interests is
available at https://www.ikb.de/en/press/news/.


Under certain circumstances set out in the terms and conditions of the
profit participation certificates and the silent partner contributions, the
reduced repayment claims of the profit participation certificates and the
carrying amounts of the silent partner contributions can be replenished in
future periods. Were such a claim to arise in a financial year, this would
reduce the net retained profits available for distribution for the
financial year in question.

In addition, under specific conditions set out in the terms and conditions
of the profit participation certificates, holders of profit participation
certificates may be entitled to the subsequent payment of deferred interest
in future periods, which would also reduce the net accumulated profits
available for distribution for the financial year in question. However, the
loss of interest on the other securities listed here is final.


Special audit under German stock corporation law

IKB has now received the special audit report on the investigation as to
whether members of the Board of Managing Directors or the Supervisory Board
committed breaches of duty in connection with certain transactions relating
to the crisis at IKB. IKB has petitioned the court to have the personal
data of employees of the Bank and other organisations redacted in the
report due to data protection considerations. The inclusion of the full
names of the members of the Board of Managing Directors and the Supervisory
Board is not affected by the redaction proceedings.

IKB expects the special audit report to be submitted to the commercial
register in the applicable version once the redaction proceedings are
concluded. Shareholders will be entitled to request a copy of the report
from this date. Once the redaction proceedings are concluded, the Board of
Managing Directors will include the special audit report as an agenda item
when convening the next Annual General Meeting.

The report comes to the conclusion that the former members of the
Supervisory Board were not responsible for breaches of duty in connection
with the events that triggered the crisis. Although the special audit
report identifies individual breaches of duty for former members of the
Board of Managing Directors, these breaches of duty did not lead to the