Gontard & MetallBank AG i.I.
Gontard & Metallbank AG english

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Negative fourth quarter results of 7.5 million euros Extraordinary expenditures incidence in the fourth quarter Frankfurt am Main, 16 July 2001 – Due to the continued deterioration in the capital markets, Gontard & MetallBank AG will make a loss of approximately -7.5 million euros for the nine month period of its business year 2000/2001 (01.10.2000 – 30.06.2001). The fourth quarter report, prepared in accordance with International Accounting Standards (IAS), will be published as planned on 13 August 2001. For the current fourth quarter (01.07. to 30.09.2001) the Board of Managing Directors of Gontard & MetallBank AG expects an additional double digit million euro burden caused by risk-provisioning for doubtful debts and pre-IPO shareholdings, counterbalanced by extraordinary income from the sale of shareholdings, resulting in an extraordinary expense of approximately -8.0 million euros. To lead the bank, with a shareholders equity of 125 million euros (IAS-Annual Accounts to 30.09.2000), back into profitability, the Board of Managing Directors has decided to take the following steps: 1. Develop additional revenues sources, especially in Asset Management, i.e. through a stronger co-operation with private asset managers. 2. Focus on higher yielding and less volatile transactions in the securities trading division. 3. Adjust the cost structure to the current market environment. Notwithstanding the above, the business year 2000/2001 is expected to show a negative result for Gontard & MetallBank AG. Contact: Gontard & MetallBank AG – Investor Relations – Dr. Stefanie Knetsch-Hack, Tel. (069)71908-203 – E-Mail: info@gmag.de http://www.Gontard-MetallBank.de end of ad hoc announcement (c) DGAP 16.07.2001 ——————————————————————————– WKN: 589050; Index: SDax Listed: Amtlicher Handel in Frankfurt (SMAX); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München und Stuttgart. 162100 Jul 01