DGAP-News: Bastei Lübbe AG / Key word(s): Change of Personnel New elections for Supervisory Board of Bastei Lübbe AG at 2016 Annual General Meeting 29.07.2016 / 16:34 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- New elections for Supervisory Board of Bastei Lübbe AG at 2016 Annual General Meeting Cologne, 29 July 2016. Bastei Lübbe AG, which is listed in the Prime Standard of the Frankfurt Stock Exchange (ISIN DE000A1X3YY0), today received written declarations from the Chairman of its Supervisory Board, Dr Friedrich Wehrle, and the member of its Supervisory Board, Prof Michael Nelles, that they will be resigning from their offices from the end of the Annual General Meeting on 15 September 2016. The member of the Supervisory Board Prof Gordian Hasselblatt had already declared on Tuesday, 26 July 2016 that he will also be resigning from office from the end of the Annual General Meeting on 15 September 2016. "In recent weeks, the Supervisory Board has received the impression that the prerequisites necessary for the proper performance of this mandate are no longer in place," said Chairman of the Supervisory Board Dr Friedrich Wehrle. "In the spirit of good corporate governance we therefore see it as our duty to resign our mandate in a regulated process, and to give the shareholders the opportunity to elect a new Supervisory Board at the forthcoming Annual General Meeting." Dr Friedrich Wehrle continued: "Bastei Lübbe is and will remain one of Germany's most successful publishing companies. The company's business development is still fully in line with planning. The Management Board is systematically implementing the successful development of the company from being a traditional publishing company to being an international media company, and this strategy has the broad support of the shareholders." At the proposal of the Supervisory Board, the seats on the Supervisory Board of Bastei Lübbe AG being vacated will be assumed by Mr Robert Stein (Senior Investment Advisor at Rianta Capital Zurich AG and Managing Director of CAPNET), the lawyer Prof Friedrich L. Ekey (Professor of Business Law at Rheinische Fachhochschule Cologne) and Dr Mirko Alexander Caspar (Managing Director of Mister Spex). The Supervisory Board will publish its corresponding nominations in the announcement of the agenda of the Annual General Meeting. The new shareholder representatives are to be voted in until the end of the Annual General Meeting that adopts the resolution on the official approval of the Supervisory Board for the financial year ending on 31 March 2018. It is intended that Mr Stein will become the new Chairman of the Supervisory Board. About Bastei Lübbe AG: Bastei Lübbe AG is an international media group based in Cologne. Its business operations focus on developing and licensing content distributed worldwide physically and digitally. The company's core business includes the traditional publishing business and the periodical puzzle magazines and novel booklets in the "Book" segment. With its twelve publishers and imprints, the group of companies currently offers approximately 3,600 titles in fiction, non-fiction and books for children and young adults. In the growing segment of hardcover fiction, the company has been the market leader in Germany for many years. At the same time, Bastei Lübbe is driving innovation in the field of digital media. As well as the production of thousands of audio and e-books, the "Digital" segment also includes holdings in the self-publishing platform "BookRix" and the renowned games publisher "Daedalic Entertainment". Bastei Lübbe AG's value chain is completed by the investment in the online shop "beam-ebooks.de" and the new and internationally unique streaming platform "oolipo". With currently 334 employees and an annual turnover of roughly EUR 102.5 million (financial year 2015/2016), Bastei Lübbe AG is the largest medium- sized family company in the German publishing industry. Since 2013, the company's shares have been listed in the Prime Standard of the Frankfurt Stock Exchange (WKN A1X3YY, ISIN DE000A1X3YY0). Further information is available at www.luebbe.de. Contact Bastei Lübbe AG: Barbara Fischer Director / Vice President Public Relations Tel.: +49 (0) 221 / 82 00 28 50 E-mail: [email protected] --------------------------------------------------------------------------- 29.07.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: Bastei Lübbe AG Schanzenstraße 6 - 20 51063 Köln Germany Phone: 02 21 / 82 00 - 0 Fax: 02 21 / 82 00 - 1900 E-mail: [email protected] Internet: www.luebbe.de ISIN: DE000A1X3YY0, DE000A1K0169 WKN: A1X3YY, A1K016 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 487867 29.07.2016