029 Group SE

M&A Activity • May 19, 2011

News Details

Takeover Bids | 19 May 2011 08:00

Takeover Offer;

Target company: Versatel AG; Bidder: VictorianFibre Holding GmbH

Dissemination of an announcement according to the German Securities

Acquisition and Takeover Act (WpÜG), transmitted by DGAP – a company of

EquityStory AG.

The bidder is solely responsible for the content of this announcement.

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Announcement of the Decision to make a Public Takeover Offer (öffentliches

Übernahmeangebot) pursuant to Section 10 para. 1 in conjunction with

Sections 29, 34 of the German Securities Acquisition and Takeover Act

(Wertpapiererwerbs- und Übernahmegesetz – ‘WpÜG’)

Bidder:

VictorianFibre Holding GmbH

Benrather Straße 18 – 20

D-40213 Düsseldorf

Germany

registered in the commercial register of the local court (Amtsgericht) of

Düsseldorf under HRB 65327

Target:

Versatel AG

Aroser Allee 72

13407 Berlin

Germany

registered in the commercial register of the local court (Amtsgericht) of

Charlottenburg under HRB 106782 B

ISIN: DE000A0M2ZK2 (WKN: A0M2ZK)

Today, VictorianFibre Holding GmbH (the ‘Bidder’), a holding company

controlled by funds advised by Kohlberg Kravis Roberts & Co. L.P., decided

to make a voluntary public takeover offer to the shareholders of Versatel

AG to acquire their registered shares in Versatel AG (the ‘Versatel

Shares’) with no par value against payment of a cash consideration equal to

the volume-weighted average domestic stock exchange price of the Versatel

Shares during the last three months prior to the date hereof, but not less

than EUR 6.70 per Versatel Share (the ‘Takeover Offer’).

The offer document and further information relating to the Takeover Offer

will be published on the internet at www.victorianfibre-offer.com.

Further Information:

The Takeover Offer will be made subject to the clearance by the cartel

authorities. Apart from this, the offer will be made on and subject to the

terms and conditions to be set out in the offer document.

Important Notice:

This announcement is neither an offer to purchase nor a solicitation of an

offer to sell shares of Versatel AG. The definite terms and conditions of

the Takeover Offer, as well as further provisions concerning the Takeover

Offer, will be published in the offer document only after the German

Federal Financial Supervisory Authority has granted permission to publish

the offer document. Investors and holders of shares in Versatel AG are

strongly advised to read the offer document and all other relevant

documents regarding the Takeover Offer when they become available, since

they will contain important information.

Düsseldorf, 19 May 2011

VictorianFibre Holding GmbH

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Listed: Regulated Market (Regulierter Markt) in Frankfurt (Prime Standard),

unofficial dealings (Freiverkehr) in Berlin, Düsseldorf, Hamburg, Hannover,

München and Stuttgart

End of WpÜG announcement

19.05.2011DGAP’s Distribution Services include Regulatory Announcements,

Financial/Corporate News and Press Releases.

Media archive at www.dgap-medientreff.de and www.dgap.de

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Listed: Zielgesellschaft: Regulierter Markt in Frankfurt (Prime Standard);

Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München und Stuttgart