Leica Camera AG: main shareholder sets cash compensation for squeeze-out at EUR 30,18

Leica Camera AG sets cash compensation for squeeze-out at EUR 30,18 in order to get a small portion (2.44%) of stock owned by third party shareholders. Here is the full press-release:

Lisa Germany Holding GmbH, Wetzlar, directly holds approx. 97.56 % (= 16,096,478 no- par value shares) of the share capital of Leica Camera AG.

In accordance with § 327a of the German Stock Corporation Act (Aktiengesetz), Lisa Germany Holding GmbH informed Leica Camera AG on November 4, 2011 that it re- quests that the company's general meeting shall resolve upon the shares of the minority shareholders being transferred to Lisa Germany Holding GmbH in exchange for an ap- propriate cash compensation.

Lisa Germany Holding GmbH has now confirmed and specified this request. In a letter dated today, it requests from the Board of Management of Leica Camera AG that the company's general meeting shall resolve upon the shares of the minority shareholders being transferred to Lisa Germany Holding GmbH in exchange for a cash compensation of EUR 30,18 per no-par value share.

The amount of EUR 30,18 determined by Lisa Germany Holding GmbH is in keeping with the result of a business valuation of Leica Camera AG by auditing firm PKF Issing Faul- haber Wozar Altenbeck GmbH Wirtschaftsprüfungsgesellschaft, Wurzburg, Germany.

As published in the Ad-hoc Announcement dated November 4, 2011 Leica Camera AG and Lisa Germany Holding GmbH intend the conclusion of a domination and profit trans- fer agreement with Leica Camera AG as the dependent company and Lisa Germany Hold- ing GmbH as the dominating company. In the business valuation the appropriate com- pensation to be paid according to § 305 of the German Stock Corporation Act has been determined at EUR 30,18 per share, the gross amount of the recurring annual cash pay- ment to be paid according to § 304 German Stock Corporation Act has been determined at EUR 1,83 per share. The Boards of Leica Camera AG have not taken a decision yet as to the conclusion of the domination and profit transfer agreement and its contents.

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