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M&A Activity • Sep 29, 2009

News Details

Corporate | 29 September 2009 18:10

ARAGON AG: Aragon acquires 100% of MEG AG

ARAGON AG / Miscellaneous

29.09.2009

Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.

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• Aragon acquires 100% of MEG AG

• Purchase agreement effective immediately

• Aragon on its way to becoming German market leader in health insurance
  distribution

Aragon AG signed an agreement to purchase a 100% equity interest in MEG AG,
Kassel, on September 25. MEG AG is a leading specialist distributor of
private health insurance with around 600 advisers throughout Germany.

The purchase agreement was subject to various conditions precedent, which
have now been fully met. The parties agreed not to disclose the precise
conditions.

In 2008, MEG AG generated revenue of EUR 60 million, compared with EUR 42
million in the previous year. Revenue of around EUR 70 million is expected
for 2009. Aragon is therefore well on its way to becoming the German market
leader in health insurance distribution. MEG AG is expected to be fully
consolidated in Aragon's balance sheet at the latest from January 1, 2010.

'The acquisition of MEG represents a further extremely successful instance
of our buy-and-build strategy in what has been a turbulent 2009 for the
financial services sector. This is already our fifth transaction this year,
following our successful acquisitions of MLP Austria and the IFAs belonging
to DVV and the German operations of the IMB AG, as well as our strategic
partnership with the Austrian company E&S. Together with MEG's founder
Mehmet E. Göker we will return the company to its previous growth path and
its historical profitability as quickly as possible', said Wulf Schuetz,
member of Aragon's Management Board. 'This transaction puts Aragon among
the top four distributors of financial products in German-speaking
countries, alongside DVAG, AWD and MLP.'

About Aragon AG

Aragon AG is a broadly diversified financial services company, with the
divisions: Broker Pools, Financial Consulting, Institutional Sales and
Holding (incl. Banking & Banking Services). Aragon is active in the
marketplace with multiple independent subsidiaries. The company's aim is to
integrate various distribution models under one roof, without disturbing
the individual identity of each sales company. The result is a wide
diversification across various asset classes and distribution types, which
generates a high stability in corporate earnings. Further information about
the company and its subsidiaries can be viewed on the website:
www.aragon.ag.

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

29.09.2009 Financial News transmitted by DGAP

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