Corporate | 28 October 2009 17:46
ARAGON AG / Miscellaneous 28.10.2009 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- - Reorganisation of MEG AG not possible - No writedown requirement for Aragon On 25 September 2009 Aragon AG had signed a contract to acquire 100% of the shares in MEG AG, Kassel. Aragon had intended to reorganise the company, which is involved in the private health insurance sales sector and had got into difficulties threatening its existence due to a number of poor business decisions taken by the previous management. Following intensive due diligence over the last few weeks, Aragon's management has come to the conclusion that a successful reorganisation cannot be achieved because of the excessive existing indebtedness. The management of Aragon had until recently collaborated with the managing board, supervisory board and partners of MEG AG in efforts to continue the business as a going concern, but was in the end forced to decide against a continuation given the material circumstances. MEG AG has consequently filed a request for the opening of insolvency proceedings. In light of the chosen participation and transaction structure, Aragon does not anticipate any writedowns from this transaction. About Aragon AG Aragon AG is a broadly diversified financial services company, with the divisions: Broker Pools, Financial Consulting, Institutional Sales and Holding (incl. Banking & Banking Services). Aragon is active in the marketplace with multiple independent subsidiaries. The company's aim is to integrate various distribution models under one roof, without disturbing the individual identity of each sales company. The result is a wide diversification across various asset classes and distribution types, which generates a high stability in corporate earnings. Further information about the company and its subsidiaries can be viewed on the website: www.aragon.ag. Contact: Aragon Aktiengesellschaft Ralf Funke Investor Relations Tel.: +49(0)611 890 575-0 Fax: +49(0)611 890 575-99 E-Mail: ir@aragon.ag 28.10.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------------