029 Group SE

Share Issue/Capital Change • Jun 17, 2002

News Details

Ad-hoc | 17 June 2002 22:31

B&L Immobilien AG english

B&L Immobilien AG postpones capital increase Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– B&L Immobilien AG postpones capital increase Hamburg, June 17, 2002 – Management and Supervisory Board of B&L Immobilien AG have decided earlier today to postpone their announced capital increase due to the current difficult situation of the capital markets. This decision does not affect the positive business development of the Company. end of ad-hoc-announcement (c)DGAP 17.06.2002 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: B&L Immobilien AG is listed officially on the German stock market. The company’s object is the management, development, buy and sell of shopping malls as well as office and residential properties. The company covers the entire real estate value chain. In 2001 the company acquired an equity stake in the two residential companies LEG Schleswig-Holstein Landesentwicklungsgesellschaft mbH and Heimstätten Gesellschaft mbH Lübeck (HGL) with more than 22,000 units in total. In fiscal year 2001 B&L Immobilien AG posted an earning of 18.8 million euros (EBDT) and consolidated net income of 11.9 million euros from total sales. Should you require further details, please contact: Dr. Hans Hellberg B&L Immobilien AG Kajen 12 D-20459 Hamburg Tel: +49 (40) 37 660-0 Fax: +49 (40) 37 660-111 contact@bl-ag.de http://www.bl-ag.de ——————————————————————————– WKN: 765950; ISIN: DE0007659500; Index: Listed: Amtlicher Handel in Frankfurt; Freiverkehr in Berlin und München 172231 Jun 02