Tender Offer Published For WMF AG's Preference Shares - Acceptance Period Begins

Munich (ots) -

- BaFin approves offer document
- Acceptance period runs from 14 July 2014 to 11 August 2014
- Offer price EUR 53 per preference share
- Offer represents a premium of circa 11 percent on the volume
weighted three-month average price of WMF's preference shares.
Moreover, it represents a premium of circa 67 percent on the
price that Finedining Capital paid for the WMF preference shares
in the course of the voluntary public takeover offer in 2012.

Finedining Capital GmbH ("Finedining Capital"), a holding company
controlled by funds advised by KKR (together with affiliates, "KKR"),
today published the offer document for the voluntary public tender
offer for all outstanding preference shares (ISIN DE0007803033) of
WMF AG ("WMF"). Prior to the publication the offer document was
approved by the German Federal Financial Supervisory Authority
("BaFin") in accordance with the German Securities Acquisition and
Takeover Act (Wertpapiererwerbs- und Übernahmegesetz - WpÜG).

From today on, shareholders of WMF AG may tender their preference
shares to Finedining Capital at a price of EUR 53 per share. To do
so, they must issue a written declaration to their respective
custodian bank. The acceptance period will end at midnight (CET) on
11 August 2014. The bidder expects settlement of the public tender
offer to take place end of August after clearance by antitrust
authorities has been obtained.

Under the terms of the public tender offer, holders of WMF
preference shares will receive a premium of circa 11 percent on the
volume weighted three-month average price of WMF's preference shares.
The offer also represents a premium of circa 67 percent on the price
that Finedining Capital paid for the WMF preference shares in the
course of the voluntary public takeover offer in 2012.

The aim is to achieve a participation of at least 90 percent of
WMF's stated capital to implement a squeeze-out of the minority
shareholders against payment of an adequate cash compensation. Hence,
the offer is subject to the condition that through the offer, the
combination of shares of Finedining Capital and FIBA Beteiligungs-
und Anlage GmbH ("FIBA") as well as any purchases outside the tender
offer, a shareholding quota of 90 percent - excluding the treasury
shares held by WMF - is reached. This can be achieved if circa 75
percent of outstanding preference shares will be tendered into the
offer or acquired at the same time. In addition, the offer is subject
to clearance by the relevant regulatory bodies.

KKR and FIBA agree that the intended simplification of the
corporate structure is for the benefit of WMF and that the new
structure will help WMF to continue the company's long-term growth
strategy initiated by the management. Being publicly listed currently
does not entail considerable advantages for WMF as it binds
significant management time.

As of today, the offer document is available for download at
www.finedining-offer.com. In addition, further information may be
accessed on the same website. Copies of the offer document and a non-
binding English convenience translation are available free of charge
at Deutsche Bank Aktiengesellschaft, ICSS, Issuer Services, Post-IPO
Services, Taunusanlage 12, 60325 Frankfurt am Main, Deutschland
(order by fax to +49(0)69 910-38794 or email to
dct.tender-offers@db.com, stating the full address for dispatch).

KKR is a leading global investment firm that manages investments
across multiple asset classes including private equity, energy,
infrastructure, real estate, credit and hedge funds. KKR aims to
generate attractive investment returns by following a patient and
disciplined investment approach, employing world-class people, and
driving growth and value creation at the asset level. KKR invests its
own capital alongside its partners' capital and brings opportunities
to others through its capital markets business. References to KKR's
investments may include the activities of its sponsored funds. For
additional information about KKR & Co. L.P. (NYSE: KKR), please visit
KKR's website at www.kkr.com.

Disclaimer and Forward-Looking Statement

This release is neither an offer to purchase nor a solicitation of
an offer to sell WMF AG shares or any other security. The offer
document and the terms and conditions contained therein shall have
sole relevance in respect of the offer. Investors and shareholders of
WMF AG are advised to read all documents relevant to the public
tender offer to be published by Finedining Capital GmbH because they
will contain important information. Investors and shareholders of WMF
AG will be able to receive the offer document as well as other
documents pertaining to the offer from the website www.finedining-
offer.com once these become available.

To the extent permissible under applicable law or regulation,
Finedining Capital GmbH or its brokers may purchase, or conclude
agreements to purchase, shares of WMF AG directly or indirectly,
outside the public tender offer, before, during or after the period
in which the offer remains open for acceptance. These transactions
may be completed via the stock exchange at market prices or outside
the stock exchange at negotiated conditions. Any information on such
purchases will be disclosed to the extent required by applicable law
or regulation in Germany or in the United States.

This release may contain forward-looking statements, including
such related to the public tender offer, the expected future business
of WMF AG, Finedining Capital GmbH and other entities, and the
expected benefits to customers, employees and shareholders. These
statements are based on the current expectations of the management of
Finedining Capital GmbH and persons acting jointly therewith pursuant
to section 2 para. 5 WpÜG and are inherently subject to risks,
uncertainties and changes in circumstances. These expectations or any
forward-looking statements could prove to be incorrect, and actual
results could differ materially from those projected or assumed in
the forward-looking statements. The potential risks, uncertainties
and changes in circumstances that could cause actual results to
differ from those expected include, among others, risks related to
the settlement of the public tender offer and the failure of the
market to develop as expected. Finedining Capital GmbH and persons
acting jointly therewith pursuant to section 2 para. 5 WpÜG do not
undertake any obligation to update the forward-looking statements to
reflect actual results, or any change in events, conditions,
assumptions or other factors.

Contact:
Dominik Veit
Phone: +49(0)69 92187487
E-Mail: dveit@heringschuppener.com