3U HOLDING AG: Announcement to Section 4 Sub-section 2 Directive (EU) No. 2273/2003

Marburg, November 6, 2008. The share buy-back program announced by 3U HOLDING AG on October 31, 2008 in an ad hoc announcement begins on November 6, 2008 and is to end on February 27, 2009 at the latest. The Board of Management is thus availing of the authorization granted by the general meeting on August 28, 2007. For the duration of the share buy-back program 3U HOLDING AG reserves the right – in compliance with statutory provisions – to suspend and resume the buy-back program at any time. The purchased shares may be used for all the purposes foreseen in the authorization resolution adopted at the general meeting on August 28, 2007.

Landesbank Baden-Württemberg (LBBW) was commissioned with buying back as many as 4,684,224 shares in the company in accordance with the trading conditions laid down in Section 4 to 6 of the Directive (EU) No. 2273/2003 (EU DIR). LBBW reaches its decisions on the point in time of the purchase of the shares independently and unswayed by the company.

LBBW was commissioned with buying back the shares exclusively through the stock exchange. The transaction value per share (excl. incidental costs) may not be more than 10% higher than or 25% lower than the closing price of the stock in XETRA trading of Frankfurt stock exchange on the trading day prior to the repurchase. Furthermore, in accordance with Section 5 Sub-section 1 EU DIR shares may not be purchased at a price higher than that of the last independent transaction or (should this be higher) higher than that of the current highest independent bid on the stock exchange at which the purchase is taking place.

In accordance with Section 5 Sub-section 2 EU DIR no more than 25% of the average daily share turnover on the stock exchange at which the purchase is taking place may be purchased. The average daily stock turnover is derived from the average daily trading volume of the last twenty trading days prior to the purchase date.

The transactions will be announced in a manner that complies with the requirements of Section 4 Sub-section 4 EU DIR at the end of the seventh trading day following their execution at the latest. Moreover, 3U HOLDING AG will provide regular information on the progress of the share buy-back program under www.3u.net.

 

Contact:
Peter Alex