CURANUM AG

EANS-Adhoc: CURANUM AG
Audit of Curanum AG accounting - determination of errors in consolidated financial statements as of December 31, 2005 and December 31, 2006

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Accounting and Audits

22.06.2009

BaFin audit of Curanum AG accounting - determination of errors in consolidated financial statements as of December 31, 2005 and December 31, 2006

The Federal Financial Supervisory Authority (BaFin) has submitted the consolidated financial statements and Group management reports of Curanum AG for the 2005 and 2006 financial years to an audit pursuant to §§ 37o Paragraph 1, 37p Paragraph 1 Clause 2 Number 1 of the German Securities Trading Act (WpHG). It determined the existence of various errors in the accounting:

Briefly summarized, the BaFin determined the existence of the following errors in the consolidated financial statements as of December 31, 2005: the goodwill item on the balance sheet for the Hennef senior care center was overstated by TEUR 716. Interest-rate swap liabilities, which should have been reported through the income statement at the fair value amount of TEUR 1,363, were not recognized as liabilities in the balance sheet (this had already been corrected in the 2006 consolidated financial statements). In addition, various disclosures in the notes to the consolidated financial statements failed to be made, which, as a matter of course, have no impact on the net assets, financing and earnings positions.

Moreover, briefly summarized, the BaFin determined the existence of the following error in the consolidated financial statements as of December 31, 2006: the goodwill item on the balance sheet for the Hennef senior care center was overstated by a total amount of TEUR 3,419. This results partly, to the tune of TEUR 716, from the corresponding error already contained in the consolidated financial statements as of December 31, 2005.

As the result of two rulings of June 18, 2009, both of which Curanum AG received on June 19, 2009, the BaFin, pursuant to 37q Paragraph 2 Clause 1 of the German Securities Trading Act (WpHG), has issued instructions that these errors should be publicized. Curanum AG will satisfy its obligations arising from the rulings, and publish the errors determined by the BaFin pursuant to § 37q Paragraph 2 of the German Securities Trading Act (WpHG).

The errors have no impact on the earnings position of the subsequent consolidated financial statements. According to the error determination, goodwill must be reduced by an amount of TEUR 3,419 in the balance sheets of the subsequent consolidated financial statements, and equity accordingly by an equal amount.

Munich, June 19, 2009

The Management Board

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ots Originaltext: Curanum AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Bettina Pöschl
Tel. +49(0)89-242065-69
E-Mail: bettina.poeschl@curanum.de

Branche: Healthcare Providers
ISIN:      DE0005240709
WKN:        524070
Index:    SDAX, CDAX, Classic All Share, Prime All Share
Börsen:  Frankfurt / regulated dealing/prime standard
              Berlin / free trade
              Hamburg / free trade
              Stuttgart / free trade
              Düsseldorf / free trade
              München / regulated dealing



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