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M&A Activity • Oct 4, 2011

News Details

Corporate | 4 October 2011 15:00

ARAGON AG: Aragon AG and DAB bank AG sign sales and purchase agreement to acquire majority stake in SRQ FinanzPartner AG

ARAGON AG / Key word(s): Acquisition

04.10.2011 / 15:00

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• Aragon AG and DAB bank AG sign sales and purchase agreement to acquire
  majority stake in SRQ FinanzPartner AG

• Leading advisory company set to emerge in mass affluent market

Aragon AG, one of the leading financial services companies in
German-speaking countries, has together with DAB bank AG, Munich, a
subsidiary of the UniCredit Bank AG, signed a sales and purchase agreement
(SPA) to acquire an 82.25 percent majority stake in DAB bank's subsidiary,
SRQ FinanzPartner AG, Berlin. The rest of the shares will remain in the
hands of SRQ's management, financial consultants and employees. The SPA is
subject conditions, amongst others the approval by various supervisory
bodies, expected to be received in the fourth quarter. The parties to the
contract have agreed to maintain confidentiality as to the details of the
SPA.

Founded in 2003, SRQ FinanzPartner AG, Berlin, has around 90 financial
consultants and advises more than 10,500 sophisticated, service-oriented
private customers with assets under administration totalling around Euro
1.4 billion. The company generated sales of around Euro 11 million in the
2010 financial year.

'We are delighted to offer SRQ's highly qualified advisors a new home at
our Group', commented Wulf U. Schütz, CFO of Aragon AG, with regard to the
planned transaction. 'By taking over SRQ, Aragon is consistently pressing
ahead with its process of focusing on advising sophisticated private
customers. Together with the former MLP Österreich, now Scopia AG, Vienna,
taken over in 2009, and FiNUM.FINANZHAUS GmbH, taken over in the past year,
SRQ FinanzPartner AG will in future form part of the leading company in
German-speaking countries when it comes to advising and managing
sophisticated, service-oriented private customers, one with around 250
advisors, more than 60,000 end customers and assets under administration of
more than Euro 1.5 billion.'

'The SRQ takeover is by no means just another acquisition within Aragon's
bus-and-build strategy,' added Dr. Sebastian Grabmaier, CEO of Aragon AG.
'It also stands for our future focus on a small number of attractive core
markets. 'The Mass Affluent Market, i.e. the market for all-round asset and
savings advice, is extremely attractive. Alongside the Broker Pool and the
Mass Market segment, it will in future form one of the three pillars at the
Aragon Group.'

About Aragon AG

Aragon AG is a broadly diversified financial services group with two
operating segments, Broker Pools and Financial Consulting, and a Holding
division. Alongside its investment in Aragon IT Service GmbH, the Holding
division also owns a minority stake in biw Bank für Investments und
Wertpapiere AG. In its operating segments, Aragon AG operates in the market
with several independently acting subsidiaries. The aim is to integrate
various sales models under one roof without infringing on the identity of
each individual sales operation. This leads to broad diversification across
numerous asset classes and distribution channels and, as a result, ensures
high earnings stability. Further information about the company and its
subsidiaries can be found at www.aragon.ag.

About SRQ FinanzPartner AG

With customer assets of almost Euro 1.4 billion under administration, SRQ
FinanzPartner AG is one of Germany's leading independent financial services
providers. Since its foundation, SRQ AG has convinced more than 10,000
customers of the benefits of its innovative mobile private banking concept.
The company and its advisors are independent in their advice and are not
subject to the sales interests of any other financial market players.

About DAB bank AG

As a direct bank, DAB bank (www.dab-bank.de) specialises in the securities
business and operates in Germany, as well as in Austria via its
direktanlage.at subsidiary. Its services target both private and business
customers alike. At 30 June 2011, DAB bank managed 621,128 accounts across
the group with customer assets of Euro 27.08 billion. Based in Munich, DAB
bank was Germany's first discount broker on its foundation in 1994.

Contact:
Aragon Aktiengesellschaft

Ralf Funke
Investor Relations
Tel.: +49(0)611 890 575-0
Fax: +49(0)611 890 575-99
E-Mail: ir@aragon.ag

End of Corporate News

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141175 04.10.2011