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DAB BNP PARIBAS

ots Ad hoc-Service: Direkt Anlage Bank AG <DE0005072300> DAB and Self Trade to create European e-brokeraqe leader

Munich /Paris (ots Ad hoc-Service) -

Ad hoc-announcement edited and sent by DGAP. The sender is solely
responsible for the contents of this announcement.
The Boards of Direkt Anlage
Bank AG, Munich, (DAB, Ticker: DRNG.DE, WKN 507230) and Self Trade
S.A., Paris, (Ticker: SELF.LN) have announced the creation of a
leading pan-European e-brokerage group. With almost 325,000 customers
and EUR 12.5 bn of assets under management on a pro forma basis as of
30 June 2000, the combination of DAB and Self Trade creates a market
leader in Europe (3 by number of accounts) with leading positions in
the largest online brokerage markets Germany (1 by customer assets, 3
by number of accounts) and France (3 by number of accounts). The new
group will also have online operations in Italy, Spain, Switzerland
and the UK and therefore will cover 82% of the European population.
Core shareholders, holding 68 % of Self Trade's issued share
capital, have entered into a contribution agreement to contribute
their shares to DAB on the basis of 1 new DAB-share for every 4 Self
Trade shares. A share exchange Offer at the same exchange ratio will
be made to all other shareholders, subject to the approval of the
French stock exchange authorities.
Both the contribution agreement and the Offer are subject to the
approval of the French banking authorities and to the vote of DAB'S
shareholders, which is expected to take place in November 2000. It is
expected that the Offer will be made shortly thereafter with closing
in December 2000. HypoVereinsbank, DABs majority shareholder, has
already committed to vote in favour of the capital increases relating
to the Offer and the contribution agreement. Following completion,
DAB will seek a listing of its shares on the Paris Bourse.
On The basis of DAB'S closing share price of EUR 62 on September
12th, the Offer values Self Trade on a fully diluted basis at EUR
911million.
Within the enlarged group, Matthias Kröner will be responsible for
business-to-customer activities in the German speaking areas and
Roland Folz will focus on IR and the group business-to-business
activities. On completion, Charles Beigbeder, Chief Executive Officer
of Self Trade, will become a member of DABs "Vorstand", with a
particular focus on the international business-to-customer
activities.
DAB is being advised by Schroder Salomon Smith Barney and Self
Trade by Rothschild and Sal. Oppenheim jr.
End
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