Deutsche Post AG

M&A Activity • Oct 6, 2005

News Details

Ad-hoc | 6 October 2005 11:59

Deutsche Post and Deutsche Postbank initiate branch project

Ad hoc announcement §15 WpHG Miscellaneous Deutsche Post and Deutsche Postbank initiate branch project Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— Deutsche Post and Deutsche Postbank initiate branch project Deutsche Post and Deutsche Postbank are planning for Postbank to take over and manage c. 850 branches with around 9,500 employees from the beginning of next year on. More than 80% of Postbank’s new business stemming from the branch network is generated in these c. 850 branches. Talks with the Ver.di union in this matter are being held. This step aims to further enhance the distribution platform of Postbank which over the past years has become the leading retail bank in Germany. Advisory products and services in particular experienced strong growth. The longterm majority shareholding of Deutsche Post in Postbank is not affected by this measure. There will be no change to the offering of postal services in the affected branches and all legal requirements will continue to be met in more than 12,000 branches throughout Germany. The dense branch network will also continue to offer a broad range of services for Postbank customers. Deutsche Post AG Charles-de-Gaulle-Straße 20 53113 Bonn Germany ISIN: DE0005552004 (DAX) WKN: 555200 Deutsche Post AG Charles-de-Gaulle-Straße 20 53113 Bonn Deutschland ISIN: DE0005552004 (DAX) WKN: 555200 Listed: Amtlicher Markt in Berlin-Bremen, Düsseldorf, Frankfurt (Prime Standard), Hamburg, Hannover, München und Stuttgart; EUREX End of ad hoc announcement (c)DGAP 06.10.2005 061159 Okt 05