IKB International S.A.
IKB International S.A.: 2007/08 financial statements prepared
IKB International S.A. / Preliminary Results Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Loss participation of silent partnership interests The board of directors (Verwaltungsrat) of IKB International S.A. finalised the preparation of the Luxembourg Bank’s annual financial statements for the 2007/08 financial year which ended on 31 March 2008 and forwarded them to the Annual General Meeting of Shareholders (Generalversammlung) for approval. Based on such financial statements, the previously announced loss participation of the silent partnership interests (stille Beteiligungen) in IKB International S.A. has been calculated, as specified below. The financial statements for the financial year 2007/08, which have yet to be approved by the Bank’s auditors and the Annual General Meeting of the Shareholders (Generalversammlung), show a loss for the period of € 679.2 million before allocation of losses to the silent partnership interests. Following the loss participation of the silent partnership interests in an amount of € 125.7 million, the loss for the period is reduced to € 553.5 million. As a result of the loss, the profit participation payments on the silent partnership interests in IKB International S.A. scheduled for 17 November 2008 will be cancelled. The silent partnership interests in IKB International S.A. are repackaged by way of the following issues of Capital Contribution Certificates by fiduciaries under Luxembourg Law: Issuer Financial instrument Matu- ISIN Exchange rity Paribas 7,95% Capital 2009 XS0103136353 Luxemburg: Luxembourg S.A. Contribution Certficates Regulated Market (Luxembourg Stock Exchange) Deutsche Bank 8% Capital 2010 XS0119317740 Luxemburg Luxembourg S.A Contribution Certficates Regulated Market (Luxembourg Stock Exchange) Deutsche Bank Variable Rate 2010 XS0119317823 Luxemburg Luxembourg S.A Capital Regulated Contribution Certficates Market (Luxembourg Stock Exchange) Deutsche Bank CMS Index-linked 2010 XS0119814456 Luxemburg Luxembourg S.A Capital Regulierter Contribution Certficates Markt (Luxembourg Stock Exchange) The cancellation of profit participation payments on the silent partnership interests also leads to a cancellation of the corresponding distribution payments under the Capital Contribution Certificates. As a result of the Luxembourg Bank’s loss for the period the contribution amounts (Einlagebeträge) of the silent partnership interests in IKB International S.A. are reduced. The loss participation is determined in accordance with the relevant silent partnership agreements. The reduction of the contribution amounts (Einlagebeträge) also leads to a reduction of the repayment claims in respect of the Capital Contribution Certificates. Based on the unaudited unconsolidated financial statements for 2007/08 the following repayment claims following loss participation for the 2007/08 financial year apply: Capital Contribution Certificates traded on public exchanges with participating interests in IKB International Matu- ISIN Bookvalue of Bookvalue of Repayment Repayment rity the Silent the Silent amount per amount per Partnership Partnership unit unit before loss after loss before loss after loss allocation allocation allocation allocation (in €) (in €) (in €) (in €) 2009 XS0103136353 100,000,000 26,048,774 5,000 1,302.44 2010 XS0119317740 10,000,000 2,604,877 5,000 1,302.44 2010 XS0119317823 45,000,000 11,721,948 5,000 1,302.44 2010 XS0119814456 15,000,000 3,907,316 5,000 1,302.44 Under certain circumstances set out in the relevant silent partnership agreements, the reduced contribution amounts (Einlagebeträge) of the silent partnership interests may be replenished in future periods. The board of directors of IKB International S.A. Luxembourg, 3 July 2008 Dr. Jörg Chittka, Tel. +49 (0)211 8221-4349, Dr. Roland Nolte, Tel. +49 (0) 8221-4860, Volker Rapp, Tel. +49 (0)211 8221-3043; Email: investor.relations@ikb.de 03.07.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: IKB International S.A. 12, rue Erasme 2017 Luxemburg Luxemburg Phone: +352 423 777 0 Fax: +352 420603 E-mail: ikb.luxemburg@ikb.de Internet: www.ikb-international.de ISIN: XS0103136353, XS0119317740, XS0119317823, XS0119814456 WKN: 353857 Listed: Regulierter Markt in Luxembourg End of News DGAP News-Service ---------------------------------------------------------------------------
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