IR Information

Annual General Meeting of Aareal Bank AG adopts all proposed resolutions with a large majority

Wiesbaden, 19 May 2010 - The Annual General Meeting of Aareal Bank AG has adopted all resolutions proposed by the Management Board and the Supervisory Board with a large majority. These included resolutions to establish new Authorised Capital, and an authorisation of the Management Board to issue convertible bonds or bonds with warrants. These resolutions represented global authorisations; there are currently no concrete plans for exercising them.

The Annual General Meeting also elected all nominated Supervisory Board members for a term of office of five years.

Formal approval for the members of the Management Board was granted with a majority of 98.66 per cent, and 98.66 per cent for the members of the Supervisory Board. 62.72 per cent of the issued share capital was represented at the Annual General Meeting.

Dr Wolf Schumacher, Chairman of the Management Board of Aareal Bank, said to shareholders: "Aareal Bank Group, with its tried-and-tested business model and prudent business policy, commands a strong and solid position in the midst of a market environment that still remains challenging - and at times, turbulent. We have mastered the crisis up to now in an excellent manner, and started the new financial year on a positive note, too: thanks to its pronounced strengths, Aareal Bank Group has very strong medium- to long-term prospects."

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