US Chapter 11 – District court confirms Plans of Reorganisation

21. December 2007

On 20 December 2007 we were informed that the district court confirmed the decision of the insolvency court of 24 September 2007 (see ad hoc release of 26 September 2007).

Thus another step in the procedure has been taken towards a final conclusion of the
Chapter 11 proceedings in the USA. This decision now gives rise to a 30-day appeal period. We assume that an appeal will be made.