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METRO Group prepares for the IPO of Praktiker

27.10.2005

METRO Group prepares for the IPO of Praktiker

After carefully evaluating all possible scenarios, the decision has been taken to pursue the IPO of Praktiker.

Preparations for a stock market listing are already well underway. In addition to the lead banks (joint lead managers and joint bookrunners) J.P. Morgan, ABN AMRO, and Deutsche Bank, the consortium also includes Dresdner Bank and HSBC as co-lead managers as well as HypoVereinsbank and Commerzbank as co-managers. A stock market listing will enable Praktiker to accelerate the internationalisation of its business.

In the first nine months of 2005 Praktiker has been able to further enhance its market position and to continue the positive business development of the preceding year. During the first nine months of the financial year 2005 Praktiker achieved sales of € 2.3 bn.

METRO Group is one of the most important international retailing companies. In 2004 the group reached sales of € 56.4 billion. The company has a headcount of about 250,000 employees and operates around 2,400 locations in 30 countries. The operating business is performed by the sales divisions which operate independently in the market: Metro/Makro Cash & Carry – world market leader in cash & carry wholesale, Real SB hypermarkets and Extra supermarkets, Media Markt and Saturn – market leader in consumer electronics centers in Europe, Praktiker home improvement and DIY centers, and Galeria Kaufhof department stores.

This publication constitutes neither an offer to sell nor a solicitation to buy securities. Any offer would be made solely by means of, and on the basis of, a securities prospectus which would be published and registered with the German Federal Financial Supervisory Authority (BaFin). The securities prospectus would be available free of charge from the Admissions Office of the Frankfurt Stock Exchange, Praktiker Bau- und Heimwerkermärkte Holding AG and the syndicate banks on a date to be determined.

Not for release in the United States, Canada and Japan.  These materials do not constitute an offer of securities for sale in the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration. No public offering of securities will be made in the United States.

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