Notice for the Annual General Meeting 2024

EQS-News: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG / Key word(s):
AGM/EGM
Notice for the Annual General Meeting 2024

16.05.2024 / 08:45 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Notice for the Annual General Meeting 2024

Munich, May 15, 2024 - LUDWIG BECK AG (ISIN DE0005199905) held its Annual
General Meeting in virtual form on May 15, 2024. Shareholders and
shareholder representatives had the opportunity to follow the event via
video stream on a dedicated online portal. 3.3 million votes, i.e. 90.0% of
the share capital, were represented. With the exception of the discharge of
the Chairman of the Executive Board, all proposed resolutions on the agenda
items were approved.

The Executive Board looked back again on the year 2023. The ongoing conflict
in Ukraine continued to impact the global economy. Rising energy costs and
high inflation again characterised LUDWIG BECK's business development in
2023. The retail sector, especially the fashion industry, suffered from
subdued consumer sentiment and was adversely affected by extreme weather
conditions and rail strikes. These events aggravated the economic burdens.

LUDWIG BECK generated gross sales of EUR 86.5m at group level (previous year:
EUR 83.8m).

The individual items on the agenda:

Dividend:
After LUDWIG BECK AG has not distributed any dividends to shareholders in
the last five years due to multiple crises, the Supervisory Board and
Executive Board propose to distribute a dividend of EUR 0.15 per share, i.e. EUR
554k, the first time again for the 2023 fiscal year.

Further items on the agenda:
The Executive Board and Supervisory Board were discharged and Rödl & Partner
GmbH, Wirtschaftsprüfungsgesellschaft, Munich, was appointed as auditor for
the 2024 fiscal year. The remuneration report with the disclosures on the
remuneration of the members of the Executive Board and Supervisory Board was
also approved.

Voting results for the agenda items in detail:

Agenda item 2 'Appropriation of net retained profits:
Yes-votes: 1,917,565, No-votes: 1,409,336. The administration's proposal of
the appropriation of net retained profits was thus accepted with 57.64 %

Agenda item 3 'Discharge of the members of the Executive Board':

Agenda item 3a Christian Greiner:
Yes-votes: 943,567, No-votes: 1,415,943. The administration's proposal to
discharge Mr Christian Greiner was thus not accepted with 60.01 %.

Agenda item 3b Jens Schott:
Yes-votes: 2,959,156, No-votes: 3,853. The administration's proposal to
discharge Mr Jens Schott was thus accepted with 99.87%.

Agenda item 4 'Discharge of the members of the Supervisory Board':

Agenda item 4a Dr Bruno Sälzer:
Yes-votes: 1,913,294, No-votes: 1,414,615. The administration's proposal to
discharge Dr Bruno Sälzer was thus accepted with 57.49%.

Agenda item 4b Sandra Pabst:
Yes-votes: 1,913,294, No-votes: 1,414,615. The administration's proposal to
discharge Ms Sandra Pabst was thus accepted with 57.49%.

Agenda item 4c Sebastian Hejnal:
Yes-votes: 3,320,932, No-votes: 6,975. The administration's proposal to
discharge Mr Sebastian Hejnal was thus accepted with 99.79%.

Agenda item 4d Clarissa Käfer:
Yes-votes: 2,956,232, No-votes: 371,677. The administration's proposal to
discharge Ms Clarissa Käfer was thus accepted with 88.83%.

Agenda item 4e Josef Schmid:
Yes-votes: 2,960,687, No-votes: 367,220. The administration's proposal to
discharge Mr Josef Schmid was thus accepted with 88,97%.

Agenda item 4f Michael Eckhoff:
Yes-votes: 3,325,387, No-votes: 2,520. The administration's proposal to
discharge Mr Michael Eckhoff was thus accepted with 99.92 %.

Agenda item 4g Michael Neumaier:
Yes-votes: 3,325,387, No-votes: 2,520. The administration's proposal to
discharge Mr Michael Neumaier was thus accepted with 99.92%.

Agenda item 4h Martin Paustian:
Yes-votes: 3,325,387, No-votes: 2,520. The administration's proposal to
discharge Mr Martin Paustian was thus accepted with 99.92%.

Agenda item 5 'Election of the auditor for the 2024 fiscal year':
Yes-votes: 3,326,235, No-votes: 548. The Supervisory Board's proposal to
elect Rödl & Partner GmbH, Wirtschaftsprüfungsgesellschaft, Munich, as the
auditor for the 2024 fiscal year was thus accepted with 99.98%.

Agenda item 6 'Approval of the remuneration report':
Yes-votes: 1,917,967, No-votes: 15,656. The administration's proposal to
approve the remuneration report was thus accepted with 99.19%.

Agenda item 7 'Amendment of the Articles of Association in Section 15 (1)
sentence 3 to adapt the provisions of the Articles of Association to the
statutory regulation'

Yes-votes: 2,962,958, No-votes: 91. The administration's proposal was thus
accepted with 99.99 %.

Further information on the individual voting results can be found on the
company's website at http://kaufhaus.ludwigbeck.de under Company/Investor
Relations in the Corporate Events/Annual General Meeting section.

Contact Investor Relations:
LUDWIG BECK AG
A. Deubel
t: +49 89 23691 - 745
f: +49 89 23691 - 600

ir@ludwigbeck.de


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16.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG
                   Marienplatz 11
                   80331 München
                   Germany
   Phone:          +49 (0)89 2 36 91-0
   Fax:            +49 (0)89 2 36 91-600
   E-mail:         info@ludwigbeck.de
   Internet:       www.ludwigbeck.de
   ISIN:           DE0005199905
   WKN:            519990
   Listed:         Regulated Market in Frankfurt (Prime Standard), Munich;
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Stuttgart, Tradegate Exchange
   EQS News ID:    1904419

End of News EQS News Service
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1904419 16.05.2024 CET/CEST