Zapf Creation AG

ots Ad hoc-Service: Zapf Creation AG TA Triumph-Adler plans to issue a bond exchangeable into shares of Zapf Creation AG

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    Nuremberg, Rödental (ots Ad hoc-Service) -  

    TA plans to issue in the second quarter of 2000 a 5-year bond exchangeable into shares of Zapf Creation AG. The shares underlying the bond should represent approximately 20% of the share capital of Zapf Creation. SG Investment Banking has been mandated to lead manage this transaction. A further sale of Zapf Creation shares by TA is not envisaged at this point in time. Furthermore, in the mid-term TA will hold approximately 25% of the share capital of Zapf Creation (including the underlying shares to the exchangeable bond). The lock-up agreed at the time of the Zapf Creation IPO has been waived.

    For further information:

    TA Triumph-Adler AG - Zentralbereich Dr. Jochen Klemmer Telefon: 089 / 64 19 02 46 Telefax: 089 / 64 19 02 90

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