WestLB AG / Capital Increase/Profit Warning 21.01.2008 Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- According to the present status of portfolio valuations in the course of the preparation of the annual financial statements for 2007, the Managing Board of WestLB AG expects to report an annual loss of approximately 1 billion for 2007 at Group level. Additionally, due to the present status of the portfolio valuations the Managing Board expects non-permanent write-downs of almost 1 billion. In order to safeguard the future development of the Bank, the State of North Rhine Westphalia, the Regional Associations as well as the Savings Banks Associations will balance out the annual loss of approximately 1 billion. The burden from non P&L-relevant valuations will also be absorbed up to 1 billion. The precise details of the capital increase, as well as the timetable for its implementation, will be decided shortly. DGAP 21.01.2008 --------------------------------------------------------------------------- Language: English Issuer: WestLB AG Herzogstraße 15 40217 Düsseldorf Deutschland Phone: +49-(0)211-826-01 Fax: +49-(0)211-826-6119 E-mail: ir@westlb.de Internet: www.westlb.de ISIN: DE0003079406, DE0006899412, DE0006899420, DE0007120271, DE0007642837, DE0008121096, DE0008174483, DE0008364001, DE0008364902 WKN: 307940 Listed: Regulierter Markt in Frankfurt (General Standard), Düsseldorf; Freiverkehr in Berlin, Stuttgart, Hamburg End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: WestLB AG: Owners strengthen Capital Base Managing Board Expects Annual Loss of approximately 1 billion
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