Federal Cartel Office to conduct retrospective review of See Tickets Germany GmbH takeover / CTS EVENTIM AG cooperates, remains convinced that no obligation to notify exists

Ad-hoc announcement

Munich, 18 August 2010. CTS EVENTIM AG, which is listed on the SDAX exchange (ISIN DE0005470306), has received a request for information from the German Federal Cartel Office regarding the 100% takeover of See Tickets Germany GmbH, effected in early July 2010. In its request, the Cartel Office informed the company that it is planning to conduct a retrospective review to determine whether there was possibly any obligation under merger control regulations to notify the Office of the acquisition.

On 06.07.2010, CTS EVENTIM AG acquired from Amsterdam based See Tickets International BV all of the shares in See Tickets Germany, which also owns Ticket Online Software GmbH, Ticket Online Sales & Service Center GmbH and Ticket Online Polska Sp zoo, Poland. A review of the takeover by specialised merger control lawyers prior to conclusion of the takeover deal concluded that the transaction did not need to be notified to the authorities due to the revenue and ownership situation on the date the acquisition took effect. To check this, the Federal Cartel Office has now requested detailed information on the merger and on the participating undertakings.  
In view of the unchanged legal and material situation, CTS EVENTIM AG continues to assume that the transaction does not come under Section 35 ff. of the law against restraints on competition (GWB). The Management Board will be supporting the Federal Cartel Office in its investigations and will promptly provide any information that may be required. “We are confident that, after detailed examination of all the facts, the Federal Cartel Office will reach the same conclusion as we did”, commented CEO Klaus-Peter Schulenberg.

Marco Haeckermann
Vice President Corporate Development & Strategy
Frank Brandmaier
Head of Corporate Communications

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