DGAP-News: Aragon sells 15% of its stake in biw Bank für Investments und Wertpapiere AG to an financial investor

| Source: EQS Group AG EQS Group AG 

ARAGON AG / Miscellaneous

30.06.2008 

Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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++ Aragon sells 15% of its stake in biw Bank für Investments und
   Wertpapiere AG to an financial investor

++ Disclosure of hidden reserves

Aragon AG has sold a 15% stake in the share capital of biw Bank für
Investments und Wertpapiere, Willich, to an financial investor. As a
result, the shareholding of Aragon in biw has been reduced from 62% to 47%.
On the basis of a company valuation of biw amounting to EUR 80m, the sales
proceeds totalled EUR 12m. The weighted average book value of the stake
sold is EUR 2.63m, thus considerable gains have been realised.

Following this transaction, Aragon already in the first half of 2008 will
achieve a EBIT figure at the level of total EBIT 2007. Therefore,
foreseeable total earnings for 2008 will exceed previous targets
significantly.

In addition to the positive impact on corporate profit for 2008, the
measure considerably enhances the key performance indicators of the Aragon
Group. In future, biw Bank will no longer be fully consolidated in Aragon
AG’s balance sheet. Instead, the bank will be included 'at equity' in the
consolidated financial statements. Retrospective pro forma accounting for
financial year 2007 would produce an EBIT margin of 9.3% (instead of 8.2%).
The Group’s equity ratio as at 31 December 2007 would rise from 17.3% to
62.6% on a pro forma basis.

This transaction also creates greater leeway for further strategic
acquisitions in Aragon’s core business 'financial distribution'.

At the same time, Aragon remains the majority shareholder in biw. Aragon
retains its growth-driven and high-earning Banking & Banking Services
division on the basis of the selected transaction structure, with the
division continuing to form an integral part of the Group’s business
strategy.

++ About Aragon AG

Aragon is a broadly diversified financial services company, with the
divisions: Retail Sales, Institutional Sales and Banking & Banking
Services. Aragon is active on the marketplace with multiple independent
subsidiaries. The company’s aim is to integrate various distribution models
under one roof, without disturbing the individual identity of each sales
company. The result is a wide diversification across various asset classes
and distribution types, which generates a high stability in corporate
earnings. Further information about the company and its subsidiaries can be
viewed on the website: www.aragon-ag.de.

Contact:
Aragon Aktiengesellschaft
Achim Pfeffer
Head of Investor Relations

Tel.: +49(0)611 890 575-574
Fax:  +49(0)611 890 575-99
E-Mail: achim.pfeffer@aragon-ag.de


DGAP 30.06.2008 
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