Sachsen LB
Sachsen LB: Profit participation capital of Sachsen LB is not being reduced
Sachsen LB / Miscellaneous Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- As the sole shareholder, Landesbank Baden-Württemberg will compensate the net loss for the 2007 financial year incurred by Landesbank Sachsen Aktiengesellschaft. This means that there will be no reduction in the profit participation capital. However, this does not include annual dividend payments for 2007 which will not be paid for the 2007 fiscal year. Provided that no net annual loss is incurred in 2008, the dividend payments withheld for 2007 will be paid with no loss of interest together with next year’s distribution payments in accordance with section 7 of the Terms and Conditions of Profit Participation Capital. The Management Board Leipzig, 7 March 2008 Contact: Dr. Frank Steinmeyer Sachsen LB Landesbank Sachsen Aktiengesellschaft Humboldtstrasse 25 D-04105 Leipzig Tel. + 49 341 9791120 Fax. + 49 341 9791109 kommunikation@sachsenlb.de Dana Schmidt Sachsen LB Landesbank Sachsen Aktiengesellschaft Humboldtstrasse 25 D-04105 Leipzig Tel. + 49 341 9791128 Fax. + 49 341 9791109 kommunikation@sachsenlb.de 07.03.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Sachsen LB Humboldtstraße 25 04105 Leipzig Deutschland Phone: + 49 341 9791190 Fax: + 49 341 9791199 E-mail: compliance@sachsenlb.de Internet: www.sachsenlb.de ISIN: DE0002978657, DE0002978673, DE0002978715, WKN: 297865, 297867, 297871, Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Hamburg, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
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