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Pre-Annual General Meeting Information • Nov 12, 2010

News Details

Corporate | 12 November 2010 13:21

ARQUES Industries AG: ARQUES invitation to extraordinary general meeting

ARQUES Industries AG / Key word(s): AGM/EGM

12.11.2010 13:21

ARQUES Industries AG: Press Release

ARQUES invitation to extraordinary general meeting

• Supervisory board chairman and executive board invite shareholders to
  extraordinary general meeting on December 20, 2010 in Munich

• Purpose is a vote regarding new company business model

Munich, November 12th, 2010 -ARQUES Industries AG invites its shareholders
to an extraordinary general meeting on December 20, 2010 in Munich. The
background to the extraordinary general meeting is an extensive internal
analysis of the current business situation by the supervisory board and the
executive board of the company. The executive board and the supervisory
board agreed that only a fundamental change to the business model of the
company can provide the company with new, promising perspectives.

New business model

'In the past years ARQUES exclusively bought subsidiaries, adjusted its
balance sheet, and reduced the acquisition department. The original
business model of purchasing, restructuring and selling has not been
practiced for years', said Maik Brockmann, chairman of the ARQUES
executive board.

The proposal for a new business model plans to concentrate on the business
segment of telecommunication systems, a sector in which the company is
already operating successfully with its own subsidiaries. The previous
business of restructuring companies from various industries will no longer
be pursued.

At the general meeting the executive board and the supervisory board will
suggest changing the business model in such a way that:

• the company no longer pursues the business of purchasing companies with
  the purpose of restructuring and selling them,

• the company concentrates on the business segment of telecommunication
  systems and sells the other subsidiaries belonging to the company if
  these are not beneficial to the business operations of the remaining
  subsidiaries,

• the company exclusively acquires and retains companies and shares in
  companies that support and advance the telecommunication business
  segment.

Authorised capital

In addition, the agenda includes a vote regarding establishing authorised
capital. This is a purely provisional step which has become necessary due
to the depletion of the existing authorised capital. Hereby, the company,
as a stock corporation, has the possibility of widening its financial scope
of action if necessary. It is currently not intended to use this
opportunity.

'Due to our existing, strong involvement in the telecommunication sector,
we are convinced that concentrating on this industry offers the company
significantly better perspectives than the continuation of the current
business model', said Brockmann. The extraordinary general meeting will
take place at Konferenzzentrum München, Hanns-Seidel-Stiftung,
Lazarettstraße 33, 80636 Munich.

About ARQUES:
ARQUES Industries AG is an equity investment company focusing on the
restructuring of companies in transitional situations. ARQUES develops
these companies, mainly acquired within the context of company spin-offs,
to competitive enterprises with a positive yield in order to sell these
afterwards with added value.

The shares of ARQUES Industries AG are traded in the Prime Standard of the
Frankfurt Stock Exchange. Symbol: AQU, ISIN: DE0005156004.

Contact:
ARQUES Industries AG
Investor Relations
Email: info@arques.de

Tel: 089/ 25 55 00 - 0

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Language: English
Company: ARQUES Industries AG
Arnulf Office Park - Arnulfstraße 37-39
80636 München
Deutschland
Phone: +49 89/255500-0
Fax: +49 89/255500-200
E-mail: klaus.franke@arques.de
Internet: www.arques.de
ISIN: DE0005156004
WKN: 515600
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Hamburg, München, Düsseldorf, Berlin, Stuttgart

End of Announcement DGAP News-Service

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