KarstadtQuelle AG

euro adhoc: KarstadtQuelle AG
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Lufthansa and KarstadtQuelle reach agreement on Thomas Cook

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 22.12.2006 Ad hoc notification in accordance with § 15 of the German Securities Trading Act Lufthansa and KarstadtQuelle reach agreement on Thomas Cook Deutsche Lufthansa AG and KarstadtQuelle AG have today signed a Memorandum of Understanding. In this accord, Lufthansa has agreed to sell its 50 per-cent stake in the leisure travel group Thomas Cook AG to KarstadtQuelle. The agreed purchase price is 800 million euros. While Lufthansa raises its stake in Condor Flugdienst GmbH from the present ten to 24.9 per cent and receives the shares held by Condor in the Turkish holiday carrier Sun Express, the net profit for the previous financial year 2005/06 of Thomas Cook will fully remain within the company. The accord still requires the approval of the Supervisory Boards of Lufthansa and KarstadtQuelle and endorsement by the regulatory authorities. The transactions are scheduled to be finalised in the first quarter 2007. end of announcement euro adhoc 22.12.2006 17:37:00 -------------------------------------------------------------------------------- ots Originaltext: KarstadtQuelle AG Im Internet recherchierbar: http://www.presseportal.ch Further inquiry note: Karstadt Quelle AG Investor Relations Tel. +49(0)201 727-9816 Fax: +49(0)201 727-9854 E-Mail: investors@karstadtquelle.com Branche: Retail ISIN: DE0006275001 WKN: 627500 Index: CDAX, Classic All Share, HDAX, MDAX, Midcap Market Index, Prime All Share Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard Börse Berlin-Bremen / official dealing Hamburger Wertpapierbörse / official dealing Baden-Württembergische Wertpapierbörse / official dealing Börse Düsseldorf / official dealing Niedersächsische Börse zu Hannover / official dealing Bayerische Börse / official dealing

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