Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG

AGM Information • May 8, 2013

News Details

AGM Announcements | 8 May 2013 17:42

Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG: Press release on the Annual General Meeting 2013 Venue: Hotel Hilton München Park, Am Tucherpark 7, 80538 Munich

Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG / Announcement of the Results of the General Meeting

08.05.2013 17:42

Announcement according to article 121 AktG (German Stock
Companies Act), transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Press release on the Annual General Meeting 2013
Venue: Hotel Hilton München Park, Am Tucherpark 7, 80538 Munich

Munich, Mai 8, 2013 - LUDWIG BECK AG (ISIN DE 0005199905) held its Annual
General Meeting on May 8, 2013, attended by nearly 550 shareholders and
shareholders' representatives, who represented approximately 80% of the
share capital and thus nearly 3 million votes. All agenda items were
approved by overwhelming majority votes.

Once again, the Executive Board reviewed the year 2012, in which the LUDWIG
BECK Group was not only able to outperform the branch average again, but
also to clearly exceed its own results of the previous year. Earnings
generated in ordinary business operations (EBT) reached EUR 12.1m compared
to EUR 11.3m in the anniversary year 2011.

'Our 2012 results illustrate the positive interplay between staff, product
staging and our distinctive mix of assortments', Dieter Münch, member of
the LUDWIG BECK Executive Board stated. 'We continue to place confidence in
our company's inherent dynamism, and with the successful launch of our
online business at the end of the year 2012 we are now very well positioned
for the future', Münch continued.

Building on this, the Executive Board anticipates an increase in
branch-adjusted sales between 4% and 6% and earnings before taxes (EBT)
between EUR 11.0m and EUR 13.0m for the current fiscal year. In detail,
corporate management expects sales to increase 2% to 4% for the textile
segment, and 8% to 10% for the non-textile segment.

Regarding agenda items:

The Annual General Meeting approved the proposal of the Executive Board and
the Supervisory Board on the appropriation of the balance sheet profit of
LUDWIG BECK AG in the amount of approximately EUR 3.3m. Accordingly,
shareholders will receive an increased dividend of EUR 0.50 per share. The
distribution of approximately EUR 1.8m for 3,695,000 dividend-bearing
shares was approved by a vote of almost 100%.

The Annual General Meeting granted discharge of liabilities to Executive
Board and Supervisory Board and approved the other agenda items by a very
large majority. BTU Treuhand GmbH, Wirtschaftsprüfungsgesellschaft, Munich,
was again appointed as auditor for the fiscal year 2013.

Elections to the Supervisory Board

With the conclusion of the 2013 Annual General Meeting, the terms of office
of all Supervisory Board members of the shareholders, i. e. Dr. Joachim
Hausser, Mr. Hans Rudolf Wöhrl, Ms. Edda Kraft and Dr. Steffen Stremme
ended, necessitating the holding of new elections.

With nearly 100%, the Annual General Meeting supported the corporate
management's proposal to re-elect the aforementioned members to the
Supervisory Board. Elections were made for the period from conclusion of
the 2013 Annual General Meeting until conclusion of the Annual General
Meeting deciding on the approval of the actions of the Executive Board in
the fourth fiscal year after commencement of their terms of office, not
including the fiscal year in which their terms of office began.

Detailed voting results for individual agenda items:

Agenda item 2: 'Appropriation of balance sheet profit'
Affirmative votes: 2,957,940, negative votes: 300, abstentions 0. The
management's proposal for the appropriation of the balance sheet profit was
thus accepted with 99.99%.

Agenda item 3: 'Discharge from liability of Executive Board members'
Affirmative votes: 2,944,037 negative votes: 203, abstentions 0. The
management's proposal for the discharge from liability of the Executive
Board was thus accepted with 99.99%.

Agenda item 4 'Discharge from liability of Supervisory Board members':
Affirmative votes: 191,035, negative votes: 203, abstentions 0. The
management's proposal for the discharge from liability of the Supervisory
Board was thus accepted with 99.89%.

Agenda item 5 'Election of the auditor for the fiscal year 2013':
Affirmative votes: 2,957,306, negative votes: 523, abstentions 411. The
management's proposal to appoint BTU Treuhand GmbH,
Wirtschaftsprüfungsgesellschaft, Munich, to audit the accounts for the
fiscal year 2013 was thus accepted with 99.98%.

Agenda item 6a: 'Elections to the Supervisory Board - Dr. Joachim Hausser'
Affirmative votes: 2,958,077, negative votes: 3, abstentions 160. The
management's proposal regarding elections to the Supervisory Board was thus
accepted with 100.00%.

Agenda item 6b: 'Elections to the Supervisory Board - Mr. Hans Rudolf
Wöhrl'
Affirmative votes: 2,957,717, negative votes: 523, abstentions 0. The
management's proposal regarding elections to the Supervisory Board was thus
accepted with 99.98%.

Agenda item 6c: 'Elections to the Supervisory Board - Mrs. Edda Kraft'
Affirmative votes: 2,957,432, negative votes: 808, abstentions 0. The
management's proposal regarding elections to the Supervisory Board was thus
accepted with 99.97%.

Agenda item 6d: 'Elections to the Supervisory Board - Dr. Steffen Stremme'
Affirmative votes: 2,956,657, negative votes: 1,423, abstentions 160. The
management's proposal regarding elections to the Supervisory Board was thus
accepted with 99.95%.

Agenda item 7: 'Resolution on the authorisation to acquire and sell own
shares under exclusion of shareholders' statutory subscription rights':
Affirmative votes: 2,919,850, negative votes: 36,985, abstentions 1,405.
The management's proposal regarding a resolution on the authorisation to
acquire and sell own shares was thus accepted with 98.75%.

Further information on the detailed voting results is available on the
company's website kaufhaus.ludwigbeck.de under Investor Relations in the
Corporate Events/Annual General Meeting section.

Investor Relations contact:
esVedra consulting GmbH
Metis Tarta
t: +49 89 206021-210
f: +49 89 206021-610
mt@esvedragroup.com

Group accounting contact:
LUDWIG BECK AG
Jens Schott
t: +49 89 23691-798
f: +49 89 23691-600
jens.schott@ludwigbeck.de

About LUDWIG BECK
Founded in 1861 as a trimmings and button-making workshop with four
journeymen and one apprentice, over time, LUDWIG BECK advanced to become
one of the most innovative retail businesses in Germany.

Located right at Marienplatz in the heart of Munich, with close to 500
employees and a sales area of 11,500 m2 spread over seven floors, LUDWIG
BECK offers an extraordinary mix of assortments including hip fashion,
exclusive leather goods and accessories, unique beauty products, out of the
ordinary gift ideas, traditionally exquisite sewn and knitted creations and
finest ear candies.

In 2012, LUDWIG BECK generated gross sales of EUR 103.2m and earnings
before taxes (EBT) of EUR 12.1m.

Since the end of 2012, LUDWIG BECK has offered the very special brand
portfolio of its HAUTNAH cosmetics shop at the online portal
www.ludwigbeck.de. A selection of over 7,000 beauty and cosmetics products,
drawn from more than 80 luxury and niche brands awaits the customer.

08.05.2013 DGAP'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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Language: English
Company: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG
Marienplatz 11
80331 München
Germany
Phone: +49 (0)89 2 36 91-0
Fax: +49 (0)89 2 36 91-600
E-mail: info@ludwigbeck.de
Internet: www.ludwigbeck.de
ISIN: DE0005199905
WKN: 519990
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart

End of Announcement DGAP News-Service

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