Ad-hoc | 8 January 2004 07:00

BOV AG moves from Prime Standard to General Standard

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– BOV AG moves from Prime Standard to General Standard BOV AG has submitted an application to the listing board of the Frankfurt Stock Exchange to rescind the admission of its shares to the Prime Standard sub-sector of the unlisted securities market with additional consequential requirements to enable the transfer to the General Standard segment of the stock exchange. The Prime Standard segment is designed for corporations that intend to address an international public on the capital markets. The heavy demands of current reporting obligations this entails as well as the associated consequential responsibilities create higher financial and personnel demands which do not appear to bring any corresponding additional benefit for BOV AG. The Managing Board and Supervisory Board have decided to make use of the cost advantages involved by changing over to the General Standard. BOV AG will voluntarily continue to draw up its consolidated financial statements in accordance with the international accounting standards (IFRS/IAS). Reports and ad hoc announcements as well as releases and statements made in accordance with Art. 21 of the German law governing trading in securities (§21 WpHG) will be published in German. The change-over will provisionally take effect as of mid-April 2004. The exact date for the change of sector depends on the date of notification by the listing board of the Frankfurt Stock Exchange which is followed by a period of three months before the transfer comes into effect. end of ad-hoc-announcement (c)DGAP 08.01.2004 ——————————————————————————– WKN: 549370; ISIN: DE0005493704; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 080700 Jän 04