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Monday 22 June, 2009

Curanum Ag

EANS-Adhoc: CURANUM AG / Audit of Curanum AG ac...

PR Newswire/euro adhoc/
EANS-Adhoc: CURANUM AG / Audit of Curanum AG accounting - determination of
errors in consolidated financial statements as of December 31, 2005 and December
31, 2006

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  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.
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22.06.2009

BaFin audit of Curanum AG accounting - determination of errors in consolidated
financial statements as of December 31, 2005 and December 31, 2006

The Federal Financial Supervisory Authority (BaFin) has submitted the
consolidated financial statements and Group management reports of Curanum AG
for the 2005 and 2006 financial years to an audit pursuant to §§ 37o Paragraph
1, 37p Paragraph 1 Clause 2 Number 1 of the German Securities Trading Act
(WpHG). It determined the existence of various errors in the accounting:

Briefly summarized, the BaFin determined the existence of the following errors
in the consolidated financial statements as of December 31, 2005: the goodwill
item on the balance sheet for the Hennef senior care center was overstated by
TEUR 716. Interest-rate swap liabilities, which should have been reported
through the income statement at the fair value amount of TEUR 1,363, were not
recognized as liabilities in the balance sheet (this had already been corrected
in the 2006 consolidated financial statements). In addition, various
disclosures in the notes to the consolidated financial statements failed to be
made, which, as a matter of course, have no impact on the net assets, financing
and earnings positions.

Moreover, briefly summarized, the BaFin determined the existence of the
following error in the consolidated financial statements as of December 31,
2006: the goodwill item on the balance sheet for the Hennef senior care center
was overstated by a total amount of TEUR 3,419. This results partly, to the
tune of TEUR 716, from the corresponding error already contained in the
consolidated financial statements as of December 31, 2005.

As the result of two rulings of June 18, 2009, both of which Curanum AG
received on June 19, 2009, the BaFin, pursuant to 37q Paragraph 2 Clause 1 of
the German Securities Trading Act (WpHG), has issued instructions that these
errors should be publicized. Curanum AG will satisfy its obligations arising
from the rulings, and publish the errors determined by the BaFin pursuant to §
37q Paragraph 2 of the German Securities Trading Act (WpHG).

The errors have no impact on the earnings position of the subsequent
consolidated financial statements. According to the error determination,
goodwill must be reduced by an amount of TEUR 3,419 in the balance sheets of
the subsequent consolidated financial statements, and equity accordingly by an
equal amount.

Munich, June 19, 2009

The Management Board


Further inquiry note:
Bettina Pöschl
Tel. +49(0)89-242065-69
E-Mail: [email protected]

emitter:      CURANUM AG
              Maximilianstr. 35c
              D-80539 München
phone:        +49 (0)89 242065 60
FAX:          +49 (0) 89 242065 10
mail:         [email protected]
WWW:          http://www.curanum.de
sector:       Healthcare Providers
ISIN:         DE0005240709
indexes:      SDAX, CDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
              Hamburg, Stuttgart, Düsseldorf, regulated dealing: München 
language:     English
        
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