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Share Issue/Capital Change • Dec 21, 2006

News Details

Corporate | 21 December 2006 08:21

OPEN Business Club AG:Initial Public Offering of OPEN Business Club AG:

OPEN Business Club AG / IPO

Corporate news transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Not for distribution in the USA, Canada, Australia or Japan

Hamburg, December 21, 2006 ?Acting on behalf of the underwriters, Deutsche
Bank AG has partially exercised the Greenshoe Option it was granted in the
amount of up to 15 percent of the initial offer size of 2,181,781 shares.
The total offer size therefore increased by 90,620 shares to a total of
2,272,401 shares.

Following the exercise of the Greenshoe Option, the free float now amounts
to approximately 43.7 percent. Based on yesterday?s (Wednesday, December
20, 2006) Xetra closing price of 30.99 euros, the Company?s market
capitalization amounted to approximately 161 million euros. In the initial
public offering, shares were allotted at the offer price of 30 euros.
Deutsche Bank AG also announced that the stabilization period ended upon
exercise of the Greenshoe Option.

Disclaimer:
This press release constitutes neither an offer to sell nor a solicitation
to buy any securities. The offer was made solely by means, and on the basis
of the published prospectus including the Supplement No. 1 thereto.
This press release does not constitute an offer of securities for sale or a
solicitation of an offer to purchase securities in the United States of
America. The shares in OPEN Business Club AG (the 'Shares') may not be
offered or sold in the United States or to or for the account or benefit of
'U.S. persons' (as such term is defined in Regulation S under the U.S.
Securities Act of 1933, as amended (the 'Securities Act')) absent
registration or an exemption from registration under the Securities Act.
Any public offering of securities to be made in the United States would be
made by means of a prospectus that could be obtained from the Company and
that would contain detailed information about the Company and management,
as well as financial statements. The Shares have not been and will not be
registered under the Securities Act.

Daniela Hinrichs
VP Corporate Communications
Gänsemarkt 43
20354 Hamburg
Tel. +49 40 419131-19
Fax +49 40 419131-11
daniela.hinrichs@xing.com

DGAP 21.12.2006

Language: English
Issuer: OPEN Business Club AG
Gänsemarkt 43
20354 Hamburg Deutschland
Phone: +49 (0)40 419 131-10
Fax: +49 (0)40 419 131-11
E-mail: investor-relations@xing.com
WWW: www.xing.com
ISIN: DE000XNG8888
WKN: XNG888
Indices:
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in
Berlin-Bremen, Düsseldorf, München, Stuttgart

End of News DGAP News-Service

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