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Acquisition: Value AG the valuation group · Spin-off: Value AG the valuation group · Address Hrb15 Oct 2013 German Trade Register Announcements, Germany (14/10/2013)

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Uwe Gerhardt Consulting GmbH, Hamburg, Reimerstwiete 17,18, 20457 Hamburg. Change of business address: At the
Unnamed street ??, 20457 Hamburg, Germany
. In accordance with the spin-off and takeover agreement of August 28, 2013 and the approval decisions of its shareholders' meeting of August 28, 2013 and the annual general meeting of the Value AG the valuation group of August 28, 2013, the company transferred part of its assets as a whole by means of a spin-off to the Value AG the valuation group with its registered office in Berlin (Amtsgericht Charlottenburg (Berlin) HRB 113377 B) as the acquiring entity by means of a spin-off. As not registered: the creditors of the companies participating in the spin-off shall be entitled to the register of the companies within six months of the date on which the spin-off is entered in the register of the; the registered office of the legal entity of which they are creditors, which is deemed to have been made known in accordance with Paragraph 19 (3) of the UmwG, to declare their claim in writing, to provide security in so far a.s. they cannot demand satisfaction. However, creditors are only entitled to this right if they demonstrate that the spin-off jeopardises the fulfilment of their claim.

This filing was translated from German to English. The filing refers to a past date, and does not necessarily reflect the current state. The current state is available on the following page: Uwe Gerhardt Consulting GmbH, Hamburg, Germany.

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