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Warth & Klein confirms the Cash Compensation for the HVB Squeeze-out

Warth & Klein GmbH Wirtschaftsprüfungsgesellschaft ("Warth & Klein"), the independent auditor appointed by the competent court of Munich, has released its report on the cash compensation to be paid in the context of the envisaged HVB squeeze-out. In its report, Warth & Klein has confirmed the adequacy of the squeeze-out compensation of Euro 38.26 per share, which was determined on 9 May 2007 by UniCredit.


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