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16.06.2004 – 07:18

comdirect bank AG

euro adhoc: comdirect bank AG
comdirect sells british subsidiary (E)

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

Quickborn, 16 June 2004. comdirect bank (ISIN DE0005428007) has exchanged contracts to sell comdirect ltd, its UK subsidiary to Execution Services Group ltd. (ESGL). ESGL is an investment within the portfolio of Lloyds TSB Development Capital Limited, a subsidiary of Lloyds TSB Group plc. Completion of this transaction is envisaged to be effective from the beginning of July 2004. The purchase price is 16.5 million euro. The net effect on the group’s profit & loss statement 2004 will be plus 2.4 million euro before tax.

The strategic realignment of comdirect bank from a pan-european online broker to a one-to-one bank for the modern investor in Germany was the key reason behind the decision to proceed with the sale.

end of announcement            euro adhoc 16.06.2004

Further inquiry note: Daniel Fard-Yazdani, Investor Relations, comdirect bank AG, Pascalkehre 15, D-25451 Quickborn, phone +49(0)4106-704-1966, fax +49(0)4106-704-1969, e-mail

Branche: Banking
ISIN:      DE0005428007
WKN:        542800
Index:    CDAX, Classic All Share, MDAX, Prime All Share, Prime Standard
Börsen:  Frankfurter Wertpapierbörse / regulated dealing
              Niedersächsische Börse zu Hannover / free trade
              Berliner Wertpapierbörse / free trade
              Bayerische Börse / free trade
              Hamburger Wertpapierbörse / free trade
              Bremer Wertpapierbörse (BWB) / free trade
              Börse Düsseldorf / free trade
              Baden-Württembergische Wertpapierbörse / free trade

Original content of: comdirect bank AG, transmitted by news aktuell

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