EANS-Adhoc: Fielmann Family Foundation secures management for future generations

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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19.11.2012

Günther Fielmann - founder, principal shareholder and Chief Executive
Officer of Fielmann AG (ISIN: DE0005772206) as well as founder and
sole member of the Management Board of the Fielmann Family Foundation
- has today announced that in the course of implementing his plans
for the company to pass down through the generations he will transfer
24.52 per cent of the shares in Fielmann AG from his shareholding to
the Fielmann Family Foundation, meaning that the Fielmann Foundation
will receive a holding of 51.00 per cent in Fielmann AG. This measure
will permanently secure decisive influence and management
responsibility over Fielmann AG for the Fielmann family.

To "future-proof" the structure of the shareholding, the Fielmann
Family Foundation will be the main shareholder in a family holding
company in which the majority of the Fielmann AG shares will be
combined. The family holding company is to hold 55.00 per cent of the
Fielmann AG shares in future. As part of implementing the concept,
Günther Fielmann's children, Marc Fielmann and Sophie Luise
Fielmann, to whom he has transferred shares in Fielmann AG and the
Fielmann Family Foundation will hold stakes in the Lütjensee family
holding.With 92.50 per cent of the votes, the Fielmann Family
Foundation will obtain the decisive influence over this family
holding company.

The total shareholding attributable to the Fielmann family will not
change as a result of this measure and neither will the shares
attributable to Mr Günther Fielmann (71.31 per cent).

The management structure will remain focused on Mr Günther Fielmann.
In addition to his role as sole member of the Management Board of the
Fielmann Family Foundation for life, Mr Günther Fielmann is the sole
member of the Management Board of the family holding company. As
Chief Executive Officer of Fielmann AG, he remains responsible for
Sales, Marketing and Human Resources.

The entire scheme will be implemented in stages, which will lead to
an "acquisition of control" (combination of at least 30% of the
shares in Fielmann Aktiengesellschaft), as it is known, in accordance
with Section 29 para. 2 of the German Takeover Act (WpÜG). In this
connection, applications not to take certain issues into account in
accordance with Section 36 No. 3 of the German Takeover Act (WpÜG) -
and (alternatively) applications for exemption in accordance with
Section 37 para. 1 of the German Takeover Act (WpÜG) will be agreed
with the Federal Financial Supervisory Authority (BaFin). Hamburg,
19th November 2012

Further inquiry note:
Ulrich Brockmann
Head of Finance
Telefon: +49(0)40 27076-442
E-Mail: u.brockmann@fielmann.com

end of announcement euro adhoc
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issuer: Fielmann AG
Weidestraße 118a
D-22083 Hamburg
phone: +49(0)40-270 76-0
FAX: +49(0)40-270 76-399
mail: investorrelations@fielmann.com
WWW: http://www.fielmann.com
sector: Retail
ISIN: DE0005772206
indexes: MDAX, CDAX, Classic All Share, Prime All Share
stockmarkets: free trade: Stuttgart, regulated dealing: Hannover, Berlin,
München, Hamburg, Düsseldorf, regulated dealing/prime standard:
Frankfurt
language: English