euro adhoc: Fielmann AG / Release of a voting rights announcement according to article 26, section 1.1 WpHG (Securities Trading Act) with the aim of a Europe-wide distribution

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Notification of voting rights transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.
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Person/company obliged to make the notification:
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Name: see below
Place: see below
State: see below

Company data:
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Name: Fielmann AG
Address: Weidestraße 118a, 22083 Hamburg
Place: Hamburg
State: Germany

30.07.2008

Notification pursuant to Section 26 para. 1 of the German Securities
Trading Act

Morgan Stanley, Wilmington, Delaware, USA ("Morgan Stanley"),
herewith notifies you on its own behalf and on behalf of such further
subsidiaries as mentioned below pursuant Section 21 para. 1 and
Section 24 German Securities Trading Act that:

1. MSDW Equity Finance Services I (Cayman) Ltd., George Town, Grand Cayman,
Cayman Islands on 22 July, 2008, has fallen below the threshold of 3 % of the
voting rights of Fielmann AG, Weidestraße 118a, 22083 Hamburg, Germany, and on
that day holds 0.48 % of the voting rights (= 200,000 shares each carrying one
voting right); and

2. The holding entity of MSDW Equity Finance Services I (Cayman) Ltd, MSDW
Offshore Equity Services Inc, Wilmington, Delaware, USA, on 22 July 2008, has
also fallen below the threshold of 3 % of the voting rights of Fielmann AG,
Weidestraße 118a, 22083 Hamburg, Germany, and on that day holds 0.48 % (=
200,000 shares each carrying one voting right) whereby the aforementioned voting
rights have to be attributed pursuant to Section 22 para. 1 sent. 1 No. 1 German
Securities Trading Act.

3. The holding parent entity Morgan Stanley, Wilmington, Delaware, USA, on
22 July 2008, has also fallen below the threshold of 3 %, of the voting rights
of Fielmann AG, Weidestraße 118a, 22083 Hamburg, Germany and on that day holds
0.48 % (= 200,000 shares, each carrying one voting right) whereby the
aforementioned voting rights have to be attributed pursuant to Section 22 para.
1 sent. 1 No. 1 German Securities Trading Act.

4. This chain of entities is represented as follows (starting on the
highest level):

1) Morgan Stanley (Delaware)
2) MSDW Offshore Equity Services Inc. (Delaware)
3) MSDW Equity Finance Services I (Cayman) Ltd.

end of announcement euro adhoc
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ots Originaltext: Fielmann AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Branche: Retail
ISIN: DE0005772206
WKN: 577220
Index: SDAX, CDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Stuttgart / free trade
Börse Berlin / regulated dealing
Börse Hamburg / regulated dealing
Börse Düsseldorf / regulated dealing
Börse Hannover / regulated dealing
Börse München / regulated dealing