IKB International S.A.
IKB International S.A.: 2008/09 financial statements prepared – loss participation of silent partnership certificates
IKB International S.A. / Final 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. ---------------------------------------------------------------------- The board of directors (Verwaltungsrat) of IKB International S.A. finalised the preparation of the Luxembourg Bank's annual financial statements for the 2008/09 financial year which ended on 31 March 2009 and forwarded them to the Annual General Meeting of Shareholders (Generalversammlung) for approval. Based on the financial statements, the loss participation of the silent partnership certificates (Stille Beteiligungen) in IKB International S.A. has been calculated, as specified below. The financial statements for the financial year 2008/09, which have yet to be approved by the Bank's auditors and the Annual General Meeting of the Shareholders, show a loss for the period of EUR -285 million before allocation of losses to the silent partnership certificates. Following the loss participation of the silent partnership certificates in an amount of EUR 12 million, the loss for the period is reduced to EUR -273 million. As a result of the loss, the profit participation payments on the silent partnership certificates in IKB International S.A. scheduled for 17 November 2009 will be cancelled. The silent partnerships 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 / Maturity / ISIN / Exchange Paribas Luxembourg S.A. 7.95% Capital Contribution Certificates 2009 XS0103136353 Luxembourg: Regulated Market (Bourse de Luxembourg) Deutsche Bank Luxembourg S.A. Variable Rate Capital Contribution Certificates 2010 XS0119317740 Luxembourg: Regulated Market (Bourse de Luxembourg) Deutsche Bank Luxembourg S.A. 8% Capital Contribution Certificates 2010 XS0119317823 Luxembourg: Regulated Market (Bourse de Luxembourg) Deutsche Bank Luxembourg S.A. CMS Index-linked Capital Contribution Certificates 2010 XS0119814456 Luxembourg: Regulated Market (Bourse de Luxembourg) The cancellation of profit participation payments on the silent partnerships 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 partnerships 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 also leads to a reduction of the repayment claims in respect of the Capital Contribution Certificates. Based on the unaudited financial statements for 2008/09, the following repayment claims result after loss participation: Capital Contribution Certificates with respect to IKB International S.A. traded on public exchanges Maturity / ISIN Book value of the Silent Partnership before loss participation in EUR / Repayment amount per security before loss participation in EUR / Repayment amount per security after loss participation for FY 2007/08 in EUR / Repayment amount per security after loss participation for FY 2008/09 in EUR 2009 XS0103136353 100,000,000 5,000.00 1,302.44 950.46 2010 XS0119317740 10,000,000 5,000.00 1,302.44 950.46 2010 XS0119317823 45,000,000 5,000.00 1,302.44 950.46 2010 XS0119814456 15,000,000 5,000.00 1,302.44 950.46 Under certain circumstances set out in the relevant silent partnership agreements, the reduced contribution amounts of the silent partnership certificates with maturity 2010 may be replenished in future periods. The board of directors of IKB International S.A. Luxembourg, 3 July 2009 Dr. Jörg Chittka, Tel. +49 (0)211 8221-4349, Volker Rapp Tel. +49 (0)211 8221-3043; Email: investor.relations@ikb.de 03.07.2009 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: Foreign Exchange(s) Luxembourg End of News DGAP News-Service ---------------------------------------------------------------------------
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