Eurobike AG

euro adhoc: Eurobike AG
Restructuring & Recapitalisations
EUROBIKE AG: Capital Increase is expected as of October 2, 2002 (E)

--------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. ---------------------------------------------------------------------

Düsseldorf, 09.15.2002 - With the agreement of the Supervisory Board, the Executive Board of EUROBIKE Aktiengesellschaft (WKN 570660) has resolved to make use of the capital approved at the shareholders‘ meeting held on April 16, 2002 to execute a capital increase amounting to 50% of its equity capital against cash contribution in the period approximately between October 2 and October 15, 2002. In the context of the capital increase, the shareholders of EUROBIKE AG are entitled to purchase new shares from approved capital in the ratio 2:1, i.e. two old shares entitle the holder to purchase one new share. The new shares are entitled to full dividend with effect from the 2002/2003 fiscal year (October 1, 2002). Details concerning the issue of new shares will be approximately published in the Federal Official Gazette and in the Börsen Zeitung on September 28, 2002. The net proceeds of the issue resulting from the capital increase are to be used primarily to strengthen the company’s equity basis and to relieve its tight financial and liquidity situation, as well as to undertake a partial repayment of its bank loans. The equity investment company DIC Deutsche Investors’ Capital AG, Düsseldorf, has made a commitment to the issuing bank WestLB Panmure to acquire all unpurchased shares issued in the context of the capital increase against payment of the issuing price. The prospectus for this issue is expected to be available on the internet for entitled investors at the homepage of EUROBIKE AG (www.eurobike-ag.com) with effect from September 26. This prospectus, which will be available only in german, will contain comprehensive information with regard to the offer, information about the company and about potential risks. Further information concerning the issue of the new shares will approximately be available to interested parties in the internet in german at the above mentioned homepage of EUROBIKE AG with effect from September 28, 2002.

EUROBIKE Aktiengesellschaft The Executive Board

end of announcement            euro adhoc 15.09.2002
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Further inquiry note: Camilla Löwenberg IR-Manager Tel: 0211-9898774 ir@eurobikeag.com

Branche: Textiles & Clothing
ISIN:      DE0005706600
WKN:        570660
Index:    SDAX, SMAX
Börsen:  Baden-Württembergische Wertpapierbörse / free trade
              Bayerische Börse / free trade
              Berliner Wertpapierbörse / free trade
              Bremer Wertpapierbörse (BWB) / free trade
              Hamburger Wertpapierbörse / free trade
              Börse Düsseldorf / official dealing
              Frankfurter Wertpapierbörse / official dealing



Weitere Meldungen: Eurobike AG

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