Ad-hoc | 3 May 2004 11:54

DEWB to issue up to 2.97 million new shares as part of a cash capital increase.

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– DEWB to issue up to 2.97 million new shares as part of a cash capital increase. The Executive Board of DEWB AG (Deutsche Effecten- und Wechsel- Beteiligungsgesellschaft AG) has today decided, with the approval of the Supervisory Board, to increase the share capital by up to 2,972,184 euros in the form of a cash capital increase. Utilising the authorized capital, up to 2,972,184 new DEWB shares are to be issued as part of a purchase offer. There are no plans for trading in the subscription rights. If the placement is successful the share capital of DEWB AG would increase from its current 13,227,816 euros to 16,200,000 euros. The DEWB free float would increase from the existing 24.3% to up to 38.2%. In accordance with the agreed subscription ratio of 5:1 one new DEWB share can be purchased at the subscription price of 3.10 euros per share for each five old DEWB shares held. The subscription period for the new non-par value shares runs from 5 to 18 May 2004. Proof of DEWB shares held in the custody account on the evening of 4 May 2004 is a prerequisite for the option of being able to subscribe to the new shares. The increase in the share capital will raise gross proceeds of up to 9.2 million euros. DEWB intends to use these funds to acquire additional investments in the area of optical technologies. In order to support DEWB’s objective to widen the free float and to increase the trading volume the main shareholders of DEWB AG, Jenoptik AG and Jenoptik Vermögensverwaltungsgesellschaft GmbH, will not take up their subscription right to purchase new shares. The new non-par value shares not being purchased are to be sold to institutional investors at the subscription price of 3.10 euros per share. In addition, the shareholder Jenoptik AG provides support for DEWB’s growth strategy by helping to further strengthen the DEWB balance sheet. As with the last capital increase Jenoptik AG will convert part of its loan claim into capital reserves of DEWB. Depending upon the final volume of the capital increase, DEWB’s shareholders’ equity is consequently expected to increase by an additional 6.1 million euros to up to 52.7 million euros. Following the capital increase and conversion of the loan claim DEWB’s shareholders’ equity quota will increase from its current 37.7% up to 46.3%. This would represent shareholders’ equity per share of up to 3.25 euros which takes no account whatsoever of the hidden reserves in accordance with the German Comercial Code (HGB). Contact: Dr. Stefan Stenzel, Phone: 03641/65 2167, stefan.stenzel@dewb-vc.com end of ad-hoc-announcement (c)DGAP 03.05.2004 ——————————————————————————– WKN: 804100; ISIN: DE0008041005; Index: Listed: Amtlicher Markt in Frankfurt (Prime Standard) und Freiverkehr in Stuttgart 031154 Mai 04