Ad-hoc | 26 January 2001 20:20

Ad hoc-Service: Value Managem. & Research englis

Ad-hoc announcement precessed and sent by DGAP. The sender is solely responsible for the contents of this announcement. ——————————————————————————– Hans Schmidt is the new Chairman of the supervisory board of Value Management & Research AG – the personell positions of the supervisory board remain unchanged Schwalbach, 26.01.2001 Following agreed procedures the chairman of the supervisory board has changed at the end of the year 2000. Richard Minet, board member of the Karlsruher Rechtsschutzversicherung AG, is handing over the position as chairman to his current vice chairman, Hans Schmidt, board member of the Wella AG. Dr. Reinhold C. Heibel will be the new vice chairman. Richard Minet remains as a member of the supervisory board. The Management Board In case you should have any questions, please contact: Patricia Koehler, phone: 06196-88 00-444 WKN 760550/ Stock Code VMR/ Bloomberg VMR GR/ Reuters VMRG.F/ Geregelter Markt/FWB/ number of issued shares: 7.843.329 end of Ad hoc-announcement, (c) DGAP 26.01.2001 ———————————————————————– WKN:760555; Index: Listed:Geregelter Markt in Frankfurt; Freiverkehr in Berlin, Düsseldorf, Hamburg, München und Stuttgart 262020 Jän 01