The Management Board and Supervisory Board of Wirecard AG hereby issue the following statements with regard to the allegations on the part of SdK e.V. as well as their complaint:
1. The questionnaire announced by SdK via its website on July 8, 2008 has not been received by Wirecard AG to date. "We are willing to answer all questions at any time", said Dr. Markus Braun, CEO of Wirecard. As opposed to false statements to the contrary expressed by the SdK, all questions raised by SdK Board member Mr. Schneider at the Annual General Meeting of Wirecard were answered in full by the company, as evidenced by the notarially certified minutes of the Annual General Meeting.
2. SdK Board member Mr. Schneider did not show up to a meeting previously arranged by Dr. Markus Braun, whose further attempts to connect with Mr. Schneider remained unanswered.
3. SdK's motivation in spreading false information with a detrimental impact on the company's stock price and allegations of evidently unresolved issues was based on the acting Board members' own personal financial interests. Board members of SdK have conceded to Wirecard representatives that prior to the Annual General Meeting they have traded on derivatives on a falling stock price of Wirecard in mid-May and, consequently, had repeatedly entered into transactions of this kind. In addition, a substantial volume of short selling took place. In the process, profits in the double-digit million range are likely to have been realized.
4. Wirecard has laid a criminal charge with the Federal FinancialSupervisory Authority and the state prosecution at the Regional Court of Munich against the SdK, its Management Board and third-party co-perpetrators for concerted market manipulation and insider trading.
5. A number of large stockholders of Wirecard AG are in the process of preparing an action to claim damages amounting in the 3-digit million range from the SdK, its management bodies and other perpetrators for the loss sustained on account of this market manipulation.
6. The action announced by the SdK is alleged to be targeted at challenging the resolution in favor of ratifying the actions of and discharging the Management Board and Supervisory Board at the Annual General Meeting of June 24, 2008. Moreover, the content of this action is not known at this point. "We assume that this action is merely intended as subsequent justification for the acts mentioned above", said Dr. Markus Braun. "The Management of Wirecard AG has given no cause whatsoever for a action to be brought. It is absolutely unfounded in fact."
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Wirecard media contact:
Wirecard PR & IR Office
Iris Stöckl
Bretonischer Ring 4
D-85630 Grasbrunn, Germany
Phone: +49 (0) 89 4424 0424
Fax: +49 (0) 89 4424 0524
E-mail: iris.stoeckl@wirecard.com
Internet: www.wirecard.com
About Wirecard:
Wirecard AG is one of the leading international providers of electronic payment and risk management solutions. Worldwide, Wirecard supports over 9,000 companies from many and various industry segments in automating their payment processes and minimizing cases of default. Wirecard Bank AG provides account and credit card services both for business and private customers and is a Principal Member of VISA, MasterCard and JCB. The Internet payment service Wirecard enables consumers to make secure payments at millions of MasterCard acceptance outlets worldwide. In addition, registered users can send or receive money orders to each other on a real-time basis. Wirecard AG is listed on the Frankfurt Securities Exchange
(TecDAX, ISIN DE0007472060, WDI).
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