Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG

AGM Information • May 17, 2010

News Details

Corporate | 17 May 2010 10:16

Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG: Press release on the Annual General Meeting 2010

Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG / AGM/EGM

17.05.2010 10:16

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Venue: Hotel Hilton München Park, Am Tucherpark 7, 80538 Munich

Munich, May 17, 2010 - LUDWIG BECK AG (ISIN DE 0005199905) held its Annual
General Meeting on May 11, 2010 attended by about 500 shareholders and
shareholders' representatives who represented more than 3,200,000 votes and
approximately 87 % of the share capital. The Annual General Meeting was
held in Munich. All agenda items found much approval.

The Annual General Meeting of LUDWIG BECK AG unanimously approved the
proposal by the Executive Board and the Supervisory Board to distribute a
dividend in the amount of EUR 0.35 per share. For 3,695,000 eligible
ordinary shares this translates into a distributable sum of approximately
EUR 1.3m for the fiscal year 2009. The remainder of balance sheet profit in
the value of about EUR 0.5m will be allocated to other profit reserves. The
dividend will be paid without deduction of capital gains tax also this
year.

The Executive Board and the Supervisory Board were discharged and the other
agenda items were approved by a very large majority of the votes cast. The
Munich auditing company BTU Treuhand Union München GmbH was appointed as
auditor for the fiscal year 2010.

'We are extremely proud of how our business has developed. The record
results attained in the fiscal year 2009 show once more that we are able to
succeed time and again in creating a unique shopping atmosphere, especially
at the 'Store of the Senses' at Marienplatz, where we convey the pleasure
of shopping to our customers even in times of ongoing economic distress',
Dieter Münch, CFO of LUDWIG BECK AG said. 'We will stick by our 'trading
up' strategy also in the current fiscal year as a means to further enhance
hitherto achieved business success', Münch concluded.

Positive forecast confirmed

The management of LUDWIG BECK AG has confirmed its forecast for the current
fiscal year 2010, and expects earnings before taxes on income to exceed EUR
6.0m and the EBT margin to score over 6.9 %. The development of sales and
earnings so far has given the management a pleasant surprise.

The voting on the individual agenda items produced the following results:

Agenda item 2 'Allocation of balance sheet profit':
Affirmative votes: 3,234,929, negative votes: 0, abstention votes: 750. The
management's proposal for the allocation of balance sheet profit was thus
accepted with 100.00 %.

Agenda item 3 'Discharge of the members of the Executive Board':
Affirmative votes: 3,228,729, negative votes: 0, abstention votes: 950. The
management's proposal for the discharge of the Executive Board was thus
accepted with 100.00 %.

Agenda item 4 'Discharge of the members of the Supervisory Board':
Affirmative votes: 3,082,828, negative votes: 2,200, abstention votes: 100.
The management's proposal for the discharge of the Supervisory Board was
thus accepted with 99.93 %.

Agenda item 5 'Election of the auditors for the fiscal year 2010':
Affirmative votes: 3,235,479, negative votes: 0, abstention votes: 200. The
Supervisory Board's proposal to appoint the Munich auditing company BTU
Treuhand Union München GmbH to audit the accounts for the fiscal year 2010
was thus accepted with 100.00 %.

Agenda item 6 'Resolution on the deletion of Section 16 par. 3 from the
Articles of Association and the incorporation of the new Section 16a
(Restriction on shareholders' right to speak and submit questions at
general meetings)':
Affirmative votes: 2,902,792, negative votes: 332,137, abstention votes:
750. The proposal concerning the resolution on the deletion of Section 16
par. 3 from the Articles of Association and the incorporation of the new
Section 16a was thus accepted with 89.73 %.

Agenda item 'Election of Supervisory Board member':
Election of Dr. Steffen Stremme
Affirmative votes: 3,232,778, negative votes: 2,901, abstention votes: 0.
The Supervisory Board's proposal for the election of Dr. Stremme to the
Supervisory Board as shareholders' representative was thus accepted with
99.91 %.

Further information on the detailed voting results is available at LUDWIG
BECK AG's website (www.ludwigbeck.com).

Investor Relations contact:
esVedra consulting GmbH
Metis Tarta-Steck
+49 89 28808-133
info@esvedragroup.com

Group accounting contact:
LUDWIG BECK am Rathauseck
Jens Schott
+49 89 23691-798
jens.schott@ludwigbeck.de
80538 Munich
t: +49 89 28 80 81 - 33
f: +49 89 28 80 81 - 49
mts@esvedragroup.com

17.05.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
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
Deutschland
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

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