Dividend policy following the change of legal form announced
Neustadt an der Weinstrasse, May 27, 2015.
HORNBACH Management AG, which, in the course of the change of legal form of the company into a German limited partnership by shares (Kommanditgesellschaft auf Aktien - KGaA) proposed to the shareholders' meeting, shall accede the company as general partner, informed us by letter, dated May 27, 2015 and referring to the ad hoc disclosure of the company dated May 22, 2015, about its intentions regarding the future development of the dividend policy of Hornbach Holding Aktiengesellschaft following the change of legal form and its accession as general partner, quote: "The general partner, contingent on the change of legal form entering into effect and subject to the performance of the business and the principle of dividend continuity, intends, in principle, to plan for a dividend in the amount of 30% of the consolidated net income after non-controlling interests from financial year 2015/2016 onwards."
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