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Capital: €3,600,000 Hrb7 Jun 2006 German Trade Register Announcements, Germany (06/06/2006)

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Gebhard & Co. Wertpapierhandelsbank AG, Gräfelfing (Ungenannte Str. ??, 82166 Gräfelfing, Germany). On the basis of the authorisation granted by the Annual General Meeting of August 18, 2005, the increase in the share capital by EUR 300,000.00 to EUR 3,600,000.00 has been carried out. By resolution of the Supervisory Board of April 25, 2006, the Articles of Association have been amended in Section 3 (Authorized Capital). New share capital: EUR 3,600,000.00. The Authorized Capital of August 18, 2005 (Authorised Capital 2005/I) amounts to EUR 1350000 after partial exhaustion. Unregistered: 300000 shares, which are in the name, are issued at a price of EUR 2.50 each.

This filing was translated from German to English. The filing refers to a past date, and does not necessarily reflect the current state. The current state is available on the following page: IPG Investment Partners Group AG, Munich, Germany.

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