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DGAP-Adhoc: Celesio AG: Discussion of the conclusion of a Domination and Profit and Loss Transfer Agreement and provisional determination of the compensation, guaranteed dividend and/or annual recurring compensation payment

May 14, 2014

Celesio AG / Key word(s): Miscellaneous 14.05.2014 11:53 Dissemination of an Ad hoc announcement according to 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Stuttgart, 14 May 2014. The Management Board of Celesio AG today discussed the conclusion of a Domination and Profit and Loss Transfer Agreement between Celesio AG as the controlled company and Dragonfly GmbH & Co. KGaA, Frankfurt am Main (a 100% indirect subsidiary of McKesson Corporation, San Francisco, USA) as the controlling company. The subject matter of the discussions was, inter alia, the company valuation of Celesio AG conducted by KPMG AG WirtschaftsprÜfungsgesellschaft (KPMG) as independent evaluator on behalf of Celesio AG and Dragonfly GmbH & Co. KGaA. On the basis of its deliberation and the valuation of KPMG, the Management Board of Celesio AG reached an agreement with the management of Dragonfly GmbH & Co. KGaA to, in all likelihood, determine the compensation pursuant to section 305 German Stock Corporation Act (AktG, Stock Corporation Act) in the envisaged Domination and Profit and Loss Transfer Agreement for the benefit of the outside shareholders at an amount of EUR 22.99 per Celesio share. The compensation corresponds to the volume-weighted average stock exchange price of the Celesio share in the relevant three-months period ending on (and including) 22 January 2014 as determined by the Germany Federal Financial Supervisory Authority (Bundesanstalt fÜr Finanzdienstleistungsaufsicht, BaFin). On 23 January 2014, Dragonfly GmbH & Co. KGaA had published its intention to enter into a domination and profit and loss transfer agreement with Celesio AG. This stock exchange price which is relevant for the compensation exceeds the value of EUR 22.42 per Celesio share as determined by KPMG in the valuation of Celesio AG pursuant to the valuation standard IDW S1. The Management Board of Celesio AG and the management of Dragonfly GmbH & Co. KG have further agreed to provide for a fixed guaranteed dividend and an annual recurring compensation payment pursuant to section 304 Stock Corporation Act in an anticipated amount of gross EUR 0.83 (in this specific case this corresponds to EUR 0.83 also on a net basis) per Celesio share for each complete fiscal year. The court-appointed contract auditor Ebner Stolz GmbH & Co. KG WirtschaftsprÜfungsgesellschaft Steuerberatungsgesellschaft, Stuttgart, has confirmed the amounts of the compensation and the guaranteed dividend and annual recurring compensation payment to each be adequate (angemessen) according to the current status of the audit. The final audit report of the court-appointed contract auditor remains outstanding. After the delivery of the audit report by Ebner Stolz GmbH & Co. KG, the Management Board and Supervisory Board of Celesio AG shall resolve upon the conclusion of the Domination and Profit and Loss Transfer Agreement, presumably on 22 May 2014. Thereafter, the Agreement shall be concluded. In order to become effective, the Domination and Profit and Loss Transfer Agreement requires the approval of the general shareholders' meeting of Celesio AG, which shall be sought in the Annual General Meeting scheduled for 15 July 2014, the approval of the general shareholders' meeting of Dragonfly GmbH & Co. KGaA and the registration in the commercial register of Celesio AG. Contacts Celesio Group Investor Relations: Markus Georgi, Celesio AG, +49 (0)711.5001-1208 investor@celesio.comMichael Otto, Celesio AG, +49 (0)711.5001-635 Media: Marc Binder, Celesio AG, +49 (0)711.5001-380 media@celesio.comRainer Berghausen, Celesio AG, +49 (0)711.5001-549 media@celesio.com14.05.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at and --------------------------------------------------------------------------- Language: English Company: Celesio AG Neckartalstr. 155 70376 Stuttgart Germany Phone: +49 (0)711 5001-735 Fax: +49 (0)711 5001-740 E-mail: Internet: ISIN: DE000CLS1001, DE000CLS1043 WKN: CLS100, CLS104 Indices: MDAX Listed: Regulierter Markt in Berlin, DÜsseldorf, Frankfurt (Prime Standard), MÜnchen, Stuttgart; Freiverkehr in Hamburg, Hannover; TerminbÖrse EUREX End of Announcement DGAP News-Service ---------------------------------------------------------------------------

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Source: DGAP Ad Hoc Disclosures

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