|Ad-hoc-Release in accordance with § 15 WpHG|
• hotel.de AG: Free float increased by a share placement of the founding shareholders
Nuremberg, 19 June 2007 - In the course of a private reallocation executed by UniCredit Markets & Investment Banking (Bayerische Hypo- und Vereinsbank AG), the selling shareholders today sold a total of 612,526 shares to institutional investors in Germany and other European countries at a price of Euro 36.00. The free float has therefore increased significantly from 20% to around 36.4%.
The shareholdings held by the three members of the Management Board thus reduced from 11.6% to 10.27% in each case. intergerma Marketing GmbH & Co. KG now holds 10.67% in hotel.de AG, compared with 16.0% previously. The Chairman of the Supervisory Board, Dr. Stefan Morschheuser, decreased his shareholding from 10.0% to 5.21%. Further founding shareholders reduced their shareholding from a total of 19.2% to 17.0%.
Institutional investors showed great interest in the share placement. The offered shares were substantially oversubscribed. Although today's share placement means that the founding shareholders of hotel.de AG have satisfied the wish of investors for a higher free float, the founding shareholders do not plan to undertake any further sale in the medium term, thus enabling them to continue to participate in the successful business model of hotel.de AG.
With offices in Hamm and Nuremberg (Germany), London (UK) and Paris (France), hotel.de operates a free hotel reservation service for companies and private customers at the internet addresses www.hotel.de, www.travelres.com, www.hotel.at and www.hotel.ch. Around 210,000 hotels around the world can be booked electronically via hotel.de AG. In 2007, hotel.de extended its business model, which focuses on the mediation of hotel accommodation, to include the high-growth business field of conference hotel mediation for corporate customers. Bookings customers stand to benefit from considerable price advantages by using hotel.de rather than other bookings channels. These benefits are partly due to the very favourable hotel rates negotiated by hotel.de in view of its high booking volumes. Not only that, hotel.de shows all of the price rates available at a given hotel (e.g. promotional, corporate customer, weekend rates), thus enabling customers to select the most favourable or convenient rate. A further unique benefit enjoyed by hotel.de customers is the fact that their bookings are transferred to the hotel computer simultaneously, securely and directly. This is made possible by the unique integration of proprietary hotel reservation systems (so-called CRS or PMS) beneath hotel.de's standard user interface. hotel.de's corporate customer programme is already used by renowned companies, such as Procter & Gamble, SAP AG, ThyssenKrupp AG, degussa AG, Landesbank Baden-Württemberg, D.A.S.-Versicherung, Texas Instruments, Deutsche Börse Group and Münchener Rück, among others.