Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG

AGM Information • May 18, 2009

News Details

Corporate | 18 May 2009 15:28

Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG: Press release concerning the General Meeting for Fiscal Year 2008

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

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

Munich, May 18, 2009 - LUDWIG BECK AG held its Ordinary General Meeting on
May 15, 2009. More than 500 shareholders accepted the invitation. They
represented 2,920,403 shares and 79.0 % of the share capital. The General
Meeting was held in Munich. All the agenda items found great approval.

The General Meeting of LUDWIG BECK AG (ISIN DE 0005199905) almost
unanimously approved the proposal by the Executive Board and the
Supervisory Board to pass a resolution on the rules of procedure motion
concerning the cancellation of the agenda items 6, 7 and 8.

Furthermore, the General Meeting, with almost 100 % of the votes cast,
approved the proposal by the Executive Board and Supervisory Board to
distribute a dividend in the amount of EUR 0.30 per share. For 3.695m
dividend-bearing shares this translates into a distributable amount of EUR
1.1m for the fiscal year 2008. The remaining EUR 0.8m of balance sheet
profit will be allocated to profit reserves. The dividend will be tax-free
also this year.

The Executive Board and the Supervisory Board were discharged and the other
agenda items were approved by a large majority of the votes cast. The
auditing company BTU Treuhand Union München GmbH, Munich was appointed to
audit the accounts for the fiscal year 2009.

'Even in the midst of the permanently negative economic environment we were
able to continue the winning streak of LUDWIG BECK AG', Dieter Münch, CFO
of LUDWIG BECK AG stated. 'Constantly focusing on our business approach has
turned out to be a strategy bearing rich fruit. We don't know what the
current fiscal year will bring us, but we count on our corporate dynamics
and are convinced that also in the future we will be able to generate more
profit growth by virtue of our own strength', Münch concluded.

Positive further development confirmed

Future dividend payments will also be geared to available cash flow and
operating profits. By consistently pursuing the successful trading-up
strategy at the flagship store at Marienplatz and further measures to
optimize costs across the Group, the Munich based fashion house expects to
achieve an EBT margin in excess of 4 % in the current fiscal year. That
will make possible, from today's perspective, a continuous dividend
development and shareholder participation in the projected sales growth.

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

Agenda item ,Agenda Motion' 'Resolution concerning cancellation of agenda
items 6, 7 and 8': Affirmative votes: 2,830,825, negative votes: 200,
abstention votes: 70,457. The proposal to cancel agenda items 6, 7 and 8
was accepted with 99.99 %.

Agenda item 2 'Allocation of balance sheet profit': Affirmative votes:
2.920.123, negative votes: 109, abstention votes: 100. The proposal for the
allocation of balance sheet profit was accepted with almost 100 %.

Agenda item 3 'Discharge of the members of the Executive Board':
Affirmative votes: 2,902,424, negative votes: 13,160, abstention votes:
650. The members of the Executive Board were discharged with 99.55 %.

Agenda item 4 'Discharge of the members of the Supervisory Board':
Affirmative votes: 974,548, negative votes: 13,160, abstention votes: 650.
The members of the Supervisory Board were discharged with 98.67 %.

Agenda item 5 'Election of the auditors for the fiscal year 2009':
Affirmative votes: 2,901,143, negative votes: 19,260, abstention votes: 0.
The proposal to appoint the auditing company BTU Treuhand Union München
GmbH, Munich, to audit the accounts for the fiscal year 2009 was accepted
with 99.34 %.

Agenda item 9 'Resolution on the amendment of Clause 13 and Clause 15 of
the Articles of Association': Affirmative votes: 2,918,646, negative votes:
1,507, abstention votes: 250. The proposal concerning the resolution on the
amendment of Clause 13 and Clause 15 of the Articles of Association was
accepted with 99.95 %.

Agenda item 10 'Resolution on the incorporation of the new Clause 20 (Duty
to report) into the Articles of Association': Affirmative votes: 2,917,153,
negative votes: 3,050, abstention votes: 200. The proposal concerning the
resolution on the incorporation of the new Clause 20 into the Articles of
Association (duty to report) was accepted with 99.90 %.

Contact:
esVedra consulting GmbH
Metis Tarta-Steck
Thalkirchnerstraße 56
80337 Munich
t: +49 89 28 80 81 - 33
f: +49 89 28 80 81 - 49
mts@esvedragroup.com

18.05.2009 Financial News transmitted by DGAP

Language: English
Issuer: 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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