26 June 2015

Issue 9/2015 of Spruchverfahren aktuell (SpruchZ) published

25 June 2015

IMW Immobilien SE: IMW Immobilien SE intends to change into Entry Standard (downgrading)

ISIN-Nr. DE 000 A0BVWY6 und DE 000 A0BVWZ3

Announcement according to § 15 WpHG


IMW Immobilien SE, Berlin, whose shares are treated in the segment General Standard of Frankfurt Stock Exchange intends to change into the Entry Standard (Open Market) of the Frankfurt Stock Exchange.

Reasons for the change of the segments (downgrading) are the small share trade volume and the size of the company. According to the opinion of the board of directors of IMW Immobilien SE the Entry Standard seems to be the suitable segment in order to deal with a meaningful cost use relation between stock exchange listing and market capitalization as well as transparency for shareholders.

IMW Immobilien SE: IMW convenes an extraordinary General Meeting and starts a buyback program

ISIN-Nr. DE 000 A0BVWY6 und DE 000 A0BVWZ3

Announcement according to § 19 AGB Freiverkehr

IMW Immobilien SE, Berlin, which shares are listed in Open Market, Entry Standard of the Frankfurt Stock Exchange, contemplates a delisting. To discuss this matter with its shareholders the company convenes an extraordinary General Meeting for 30. July 2015. The invitation letter will be published in a few days and will provide more details.

Furthermore the Administration Board has resolved to offer the shareholders of the company a buyback program up to 1.646.666 ordinary registered shares which is equal of 10 percent of the actual subscribed capital of the company. The buyback program shall start on 17. June 2015, 0:00 o'clock and will end on 6. July 2015, 24:00 o'clock (MESZ).

The offered share price has to be within a range of +/-10 percent of the average share price of ten trade days on the Frankfurt Stock Exchange before publishing the buyback program. The current share price of IMW shares is EUR 6.85 (final share price of 12. June 2015).

If more than 1,646,666 shares will be offered to the company within this buyback program the notice of acceptance will be accepted proportional. Offers up to 100 shares will be accepted preferential.

Details of this buyback program will be published in the German Federal Gazette and on the web site of the company under http://www.imw-se.de/investorrelations.

21 June 2015

Forst Ebnath AG: Cash compensation for Squeeze-out set at EUR 1,807.00 per share

Today, Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München, reconfirming and specifying the request made on 26 March 2015, pursuant to Section 327a of the German Stock Companies Act, notified the Board of Management of Forst Ebnath Aktiengesellschaft that the cash compensation for the transfer of the remaining shareholders’ shares of Forst Ebnath Aktiengesellschaft to Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München as majority shareholder pursuant to Sections 327a et seq. of the German Stock Companies Act (Squeeze out) is set at EUR 1,807.00 for each individual bearer no-par share of Forst Ebnath Aktiengesellschaft with a partial amount of the nominal capital of EUR 11.00.

A resolution on the Squeeze out is to be taken during the extraordinary General Meeting of the Forst Ebnath Aktiengesellschaft on 4 August 2015, which has yet to be convened.

Ebnath, 3 June 2015

Forst Ebnath AG, Hermannsreuth 9, 95683 Ebnath

11 June 2015

Issue 8/2015 of Spruchverfahren aktuell (SpruchZ) published