Ad-hoc | 12 November 2004 10:06

bmp AG announces decision on capital increase from authorised capital

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– bmp AG announces decision on capital increase from authorised capital With the approval of the Supervisory Board, the Management Board of AG has today decided to use existing authorised capital and carry out a capital increase with shareholder subscription rights. By issuing up to 7.5 million new shares, the share capital is to be increased from currently EUR 12.5 million to up to EUR 20.0 million. The inflow of funds from the capital increase serves to strengthen the equity base and these funds are to be used to finance further company growth through new investments as well as to finance the day-to-day operations necessary to achieve this aim and its existing investment portfolio. Consors Capital Bank AG is permitted to subscribe for the new shares and undertakes to offer them for subscription by shareholders for a period of two weeks at a ratio of 5 existing to 3 new shares at a subscription price yet to be fixed, as well as within the framework of a public offer, to offer them for sale to interested investors in Germany and within an international private placement in further countries at an offer price yet to be fixed. In addition, a public offer is scheduled to take place in Poland under the management of Centralny Dom Maklerski Pekao S.A., Warsaw, with a parallel listing on the Warsaw Stock Exchange. The subscription price of the new shares will be fixed during the subscription period by the Man-agement Board with the approval of the Supervisory Board. The subscription price will be fixed (in each case, inclusively) between the weighted average price of the company’s shares from the start of the subscription period to the fixing of the subscription price and the actual price of the com-pany’s share at the time at which the subscription price is fixed. In this context, current market conditions will be taken into account, among other things. Unsubscribed new shares within the framework of the public offer are to be sold at the best possi-ble price, but, at the very least, at subscription price. The offer price will be fixed by the company in agreement with the syndicate banks at the end of the bookbuilding period. The new shares are fully entitled to dividend payments for the financial year 2004. Further details on the formulation of the capital increase will be published on approval of the offering prospectus by the Frankfurt Stock Exchange. For further information: Corinna Riewe Investor Relations criewe@bmp.com bmp AG, Alt-Moabit 59-61, D-10555 Berlin This ad hoc report represents neither an offer nor a request for an offer for the purchase of shares to be submitted – especially not in the USA and not in countries or jurisdictions in which an offer, a request for an offer for the purchase of shares to be submitted or the sale of shares would not be permitted under the prevailing Securities Law without prior registration or listing. This ad hoc report represents neither an offer for the sale of shares made out to the bearer nor a request for an offer for the purchase of shares to be submitted. It is for information purposes only. end of ad-hoc-announcement (c)DGAP 12.11.2004 ——————————————————————————– WKN: 330420; ISIN: DE0003304200; Index: Listed: Amtlicher Markt in Frankfurt (General Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg und Stuttgart 121005 Nov 04