Tender offer for the preference shares of WMF AG increased - Acceptance period extended until 25 August 2014

München (ots) -

- Offer price increased to EUR 58 per preference share
- Acceptance period extended until 25 August 2014
- The offer represents a premium of circa 22 per cent on the
volume-weighted average price of the WMF preference share over
the three-month reference period. It also represents a premium
of circa 82 per cent on the price paid by Finedining Capital in
2012 in the context of its voluntary public takeover offer for
the WMF preference shares.
- As of today, shareholders have already accepted or undertaken to
accept the offer for more than 35 per cent of the outstanding
preference shares. This represents circa 47 per cent of the
preference shares that are required to meet the offer condition.

6 August 2014 - Finedining Capital GmbH ("Finedining Capital"), a
holding company indirectly controlled by funds advised by KKR
(together with affiliates, "KKR"), has increased the tender offer
price for all outstanding preference shares (ISIN DE0007803033) of
WMF AG ("WMF") from EUR 53 to EUR 58 per share. The acceptance period
has been extended to 25 August 2014 at midnight (CET). A further
extension of the acceptance period by the bidder is legally not
possible. Moreover, another possibility of an increase of the offer
price is excluded from 9 August 2014. Apart from that, the voluntary
public tender offer remains unchanged. As of today, shareholders have
already accepted or undertaken to accept the offer for more than 35
per cent of the outstanding preference shares. This represents circa
47 per cent of the preference shares that are required to meet the
offer condition. The bidder continues to expect settlement of the
public tender offer to take place at the end of August after all
antitrust clearances have been obtained. The German Federal Cartel
Office has already approved the consummation of the transaction on 31
July 2014.

Under the terms of the amended tender offer, holders of WMF
preference shares will receive a premium of circa 22 per cent on the
volume weighted three-month average price of WMF's preference shares.
The offer also represents a premium of circa 82 per cent on the price
that Finedining Capital paid for the WMF preference shares in the
context of the voluntary public takeover offer in 2012. For the last
40 years at least, the WMF preference share has never traded at the
level of the current increased offer.

The aim is to achieve a participation of at least 90 per cent of
WMF's stated capital to implement a squeeze-out of the minority
shareholders against payment of 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 per cent - excluding the treasury
shares held by WMF - is reached. This can be achieved if circa 75 per
cent 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.

The offer document and the amendment to the offer are available on
www.finedining-offer.com. This website also contains further
information. Copies of the offer document and the amendment to the
offer and a non-binding English convenience translation are available
free of charge from Deutsche Bank Aktiengesellschaft, ICSS, Issuer
Services, Post-IPO Services, Taunusanlage 12, 60325 Frankfurt am
Main, Germany (please direct fax orders to +49(0)69 910-38794 and
email orders to dct.tender-offers@db.com, stating your full postal
address.

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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.

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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, the amendment to the offer 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, the amendment to the offer 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
Telefon: +49(0)69 92187487
E-Mail: dveit@heringschuppener.com