Ad-Hoc News 01/03/2011
Ad Hoc Notification pursuant to § 15 WpHG
Düsseldorf, March 1, 2011
WestLB AG posts a break-even result for the 2010 financial year
The Managing Board prepared the annual financial statements of WestLB AG for the 2010 financial year on March 1, 2011 under German GAAP. WestLB AG posted a result of € 0 million following a loss of € 295 million in the previous year.
There will be no reduction of the respective repayment amounts for profit participation certificates and silent participations. The repayment amount for profit participation certificates remains unchanged at approximately 95.28% and for hybrid Tier 1 bonds from 2005 unchanged at approximately 93.94%. No coupon payments on profit participation certificates and silent participations of WestLB AG will be made for the 2010 financial year. In view of the result reported for the 2010 financial year, there will be no repayment of the previously deferred coupons on profit participation certificates (for the 2009 financial year). The approval of the annual financial statements under German GAAP is scheduled for March 24, 2011. The IFRS Group annual financial statements will also be approved on that date. The Group results are currently not yet available.