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Korian Deutschland 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

  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.
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
end of announcement                               euro adhoc

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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