Deutscher Mittelstandsanleihen FONDS: IP Concept and DZ Privatbank S.A. come
under pressure. First pilot lawsuit filed by investors at Stuttgart Regional
Court

Issuer: SCHIRP & PARTNER Rechtsanwälte mbB / Key word(s): Bond/Funds
Deutscher Mittelstandsanleihen FONDS: IP Concept and DZ Privatbank S.A. come
under pressure. First pilot lawsuit filed by investors at Stuttgart Regional
Court

16.05.2024 / 11:43 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Deutscher Mittelstandsanleihen FONDS: IP Concept and DZ Privatbank S.A. come
under pressure. First pilot lawsuit filed by investors at Stuttgart Regional
Court

On 14 June 2023, IPConcept S.A. surprised the market with its decision to
liquidate the Deutscher Mittelstandsanleihen FONDS. Investors had not been
informed beforehand. Even afterwards, the reasons for closing the fund were
not comprehensible. Investors have suffered considerable losses. IPConcept
S.A., the fund's management company, does not wish to accept any
responsibility for this loss. DZ Privatbank S.A., which is the custodian of
the fund and the parent company of IPConcept S.A., is also shirking its
responsibility.

The investors who had invested their money in this fund do not accept this
breach of trust. Complaint proceedings have been underway before the
Luxembourg financial market supervisory authority CSSF (Commission de
Surveillance du Secteur Financier) since 2023. A first pilot action has now
also been filed before the ordinary courts. Dr Wolfgang Schirp, Berlin,
whose law firm represents more than 150 private and institutional investors
in the fund:

"The investors in the German SME Bond Fund will not tolerate DZ Privatbank
S.A. and its subsidiary IPConcpt S.A. shirking their responsibility. On the
one hand, formal complaint proceedings are underway with the Luxembourg
financial market supervisory authority CSSF; results are expected in June.
Independently of this, we have filed an initial pilot lawsuit with the
Stuttgart Regional Court on behalf of aggrieved investors.The plaintiffs are
demanding information and compensation.DZ Privatbank and IPConcept can no
longer hide."

A further strengthening of the investor community is expressly desired. Dr
Schirp: "For the Luxembourg financial market supervisory authority CSSF, it
is not only legal and commercial aspects that are important. The
significance of the case for the Luxembourg financial centre as a whole is
also important. The pilot actions under civil law will also be all the more
effective the more investors take this route. We call on all investors who
are not yet represented to join our initiative."

For further information, please contact Dr Wolfgang Schirp, Schirp
Schmidt-Morsbach Rechtsanwälte PartG mbB, Leipziger Platz 9, D - 10117
Berlin, Tel. 0049-30-3276170, mail: schirp@schirp.com, URL: www.schirp.com


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