Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG

AGM Information • May 8, 2012

News Details

AGM Announcements | 8 May 2012 16:24

Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG: Press release on the Annual General Meeting 2012 Venue: Hotel Hilton München Park, Am Tucherpark 7, 80538 Munich

Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG / Announcement of the Results of the General Meeting

08.05.2012 16:24

Announcement according to article 121 AktG (German Stock
Companies Act), transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Press release on the Annual General Meeting 2012
Venue: Hotel Hilton München Park, Am Tucherpark 7, 80538 Munich

Munich, May 08, 2012 - LUDWIG BECK AG (ISIN DE 0005199905) held its Annual
General Meeting on May 08, 2012, attended by nearly 600 shareholders and
shareholders' representatives, who represented approximately 80% of the
share capital and thus 3 million votes. All agenda items were approved by
overwhelming majority votes.

Once again, the Executive Board reviewed the anniversary year 2011, in
which the LUDWIG BECK Group's record earnings not only outperformed the
branch average again, but also its own record results from the previous
year. Earnings before taxes (EBT) reached EUR 11.3m compared to EUR 9.9m in
2010.

'Last year, we set the goal to treat our shareholders with further
increases in sales and earnings to celebrate the 150-year-anniversary. We
more than succeeded. We are looking back at the most successful result in
the company's history', so Dieter Münch, Chief Financial Officer of LUDWIG
BECK AG. 'This year we intend to continue the success story and set new
records', Münch concluded.

Thus, the Executive Board confidently anticipates an increase in
branch-adjusted sales between 2% and 3% and earnings before taxes (EBT)
between EUR 10.0m and EUR 12.0m for the current fiscal year. In detail,
corporate management expects sales to increase around 2% for the textile
segment, and around 3% for the non-textile segment. This year's first
quarter clearly brought LUDWIG BECK AG closer to reaching this goal. The
corporation's earnings before taxes jumped from EUR 0.2m to EUR 1.4m in the
first three months of 2012 - a development exceeding management's
expectations. It is an impressive confirmation of the Group's strategic
approach.

Executive Board personnel:

As of May 2, 2012, the Supervisory Board of LUDWIG BECK AG decided to
extend LUDWIG BECK AG Executive Board member Dieter Münch's contract until
March 31, 2018. With this extension the company wants to set an example of
continuity and affirm its trust in the performance of the Executive Board.
According to the Supervisory Board, this continuity in the corporate
management is very important for the consistent implementation of the
business strategy into the future and to reach the company's goals.

Regarding agenda items:

The Annual General Meeting approved the proposal of the Executive Board and
the Supervisory Board on the appropriation of the balance sheet profit of
LUDWIG BECK AG in the amount of approximately EUR 3.1m: Shareholders will
receive a EUR 0.35 dividend per share plus a EUR 0.10 special dividend to
celebrate the 150-year-anniversary, adding up to EUR 0.45 per share. The
distribution of approximately EUR 1.7m for 3,695,000 dividend-bearing
shares was approved by a nearly 100% majority vote.

The Annual General Meeting granted discharge of liabilities to Executive
Board and Supervisory Board and approved the other agenda items by a very
large majority. BTU Treuhand GmbH, Wirtschaftsprüfungsgesellschaft, Munich,
was, again, appointed as auditor for the fiscal year 2012.

ludwigbeck.de GmbH:

Another important item on this year's Annual General Meeting agenda was the
vote on a domination and profit transfer agreement between LUDWIG BECK AG
and ludwigbeck.de GmbH.

In fall 2012, LUDWIG BECK AG plans to launch an online portal for its very
successful HAUTNAH division. On 700 m2, the HAUTNAH department currently
offers world class perfumery products. For customers in Germany, many of
the brands are available exclusively at LUDWIG BECK. The new company
focuses on marketing HAUTNAH products throughout Germany via the internet.
For this purpose, ludwigbeck.de GmbH was founded as fully owned subsidiary
of LUDWIG BECK AG. This step paves the way for LUDWIG BECK to moving from a
local supplier of a unique premium perfumery line, into the national
market.

The Annual General Meeting followed the proposal of the management and
approved the conclusion of a domination and profit transfer agreement with
ludwigbeck.de GmbH by a nearly 100% majority vote.

Detailed voting results for individual agenda items:

Agenda item 2 'Appropriation of balance sheet profit':
Affirmative votes: 2,968,180, negative votes: 1,086, abstention votes: 0.
The management's proposal for the appropriation of the balance sheet profit
was thus accepted with 99.96%.

Agenda item 3 'Discharge from liability of Executive Board members':
Affirmative votes: 2,960,580, negative votes: 1,160, abstention votes: 126.
The management's proposal for the discharge from liability of the Executive
Board was thus accepted with 99.96%.

Agenda item 4 'Discharge from liability of Supervisory Board members':
Affirmative votes: 193,066, negative votes: 1,636, abstention votes: 160.
The management's proposal for the discharge from liability of the
Supervisory Board was thus accepted with 99.16%.

Agenda item 5 'Election of the auditor for the fiscal year 2012':
Affirmative votes: 2,968,250, negative votes: 500, abstention votes: 516.
The Supervisory Board's proposal to appoint BTU Treuhand GmbH,
Wirtschaftsprüfungsgesellschaft, Munich, to audit the accounts for the
fiscal year 2012 was thus accepted with 99.98%.

Agenda item 6 'Approval of the conclusion of a domination and profit
transfer agreement with ludwigbeck.de GmbH':
Affirmative votes: 2,968,930, negative votes: 246, abstention votes: 90.
Thus the management's proposal to approve the conclusion of a domination
and profit transfer agreement with ludwigbeck.de GmbH was accepted with
99.99%.

Agenda item 7 'Resolution on the amendment of by-laws, section 12a,
concerning compensation of Supervisory Board members':
Affirmative votes: 2,941,610, negative votes: 27,606, abstention votes: 50.
Thus the management's proposal for a resolution on the amendment of
by-laws, section 12a, concerning compensation of Supervisory Board members,
was approved with 99.07%.

Further information on the detailed voting results is available at LUDWIG
BECK AG's website www.ludwigbeck.de under Corporate Events.

Investor Relations contact:
esVedra consulting GmbH
Metis Tarta
+49 89 206021-210
mt@esvedragroup.com

Group accounting contact:
LUDWIG BECK am Rathauseck
Jens Schott
+49 89 23691-798
jens.schott@ludwigbeck.de

08.05.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG
Marienplatz 11
80331 München
Germany
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

End of Announcement DGAP News-Service

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