JDC Group AG

M&A Activity • Aug 23, 2007

News Details

Corporate | 23 August 2007 09:48

Aragon subsidiary Jung, DMS & Cie. AG acquires GAMAX Broker Pool AG

ARAGON AG / Miscellaneous

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++ Aragon subsidiary Jung, DMS & Cie. AG acquires GAMAX Broker Pool AG

++ An acquisition of 2,200 independent financial advisors (IFA) and EUR
450 million assets under administration

++ Jung, DMS & Cie. now is Germany’s largest broker pool in terms of the
number of IFAs

With immediate effect, fully-owned Aragon subsidiary Jung, DMS & Cie. AG
has acquired 100% of the shares of GAMAX Brokerpool AG from Consal
Maklerservice GmbH. The parties agreed to keep the financial details of the
transaction confidential. Consal Maklerservice GmbH had acquired GAMAX
Brokerpool AG from the Italian Gruppo MEDIOLANUM only in March this year.

As from October this year, all 2,200 IFAs working for GAMAX will be able to
make use of Jung, DMS & Cie.’s award-winning services and the
World-of-Finance advisory technology, which will give them access to more
than 12,000 products from over 300 product companies in the investment,
insurance and private equity market. Volunteering for an exclusive
relationship with Jung, DMS & Cie., they will also have access to
structured bank products and certificates under Jung, DMS & Cie.’s
liability umbrella.

The add-on acquisition is particularly attractive for Jung, DMS & Cie.,
since rapid migration of the Gamax processes to Jung, DMS & Cie.’s powerful
back-office platform will in future allow practically all of the Gamax
gross margin to be accounted for as profit. The synergy effects resulting
from the transaction provide an impressive illustration of scalability of
the Jung, DMS & Cie.’s business model, and will make an upper six-figure
contribution to the earnings (EBIT) of Jung, DMS & Cie. and, therefore, to
the bottom line of Aragon starting in 2008.

Also the seller, Consal Maklerservice GmbH, will benefit from the
transaction. By the sale Consal achieves its strategic goal of a wide
presence in Germany without larger investments. Consal has found a strong
co-operation partner in Jung, DMS & Cie., who will offer Consal's products
via the nearly 12,000 pool partners in Germany.

Hence, Consal Maklerservice GmbH's managing director, Thorsten Pulli, is
very pleased: 'We have a WIN-WIN-WIN-Situation. The most important: GAMAX'
investment consultants are in good hands with Jung, DMS & Cie. and its
MiFID and VVR conform consultancy technology and its wide service offers.
Additionally Jung, DMS & Cie. benefit from synergy effects, and Consal from
a larger partner network.'

Aragon-CEO and chairman of Jung, DMS & Cie.'s board, Dr. Sebastian
Grabmaier, adds: 'The transaction demonstrates Jung, DMS & Cie.'s extremely
scalable business model – at the same time that of Aragon. We will continue
to support our strong organic growth by further acquisitions, since we have
proven our ability to integrate other pool companies quickly and to the
distributing partners' satisfaction.'

Contact:
Aragon Aktiengesellschaft

Achim Pfeffer
Leiter Investor Relations

Tel.: +49(0)611 890 575-574
Fax: +49(0)611 890 575-99
E-Mail: achim.pfeffer@aragon-ag.de

23.08.2007 Financial News transmitted by DGAP