Announcement Pursuant to Section 23 para. 2 of the German Securities Acquisition...

Announcement Pursuant to Section 23 para. 2 of the German Securities Acquisition and Takeover Act (WpUG)

NEW YORK--(Business Wire)--
On May 15, 2008, Pyramus S.a r.l., Luxembourg ("Bidder"),
published the offer document for its voluntary takeover offer
("Offer") to the shareholders of D+S europe AG, Hamburg, to acquire
all bearer shares with no par value held by shareholders of D+S europe
AG ("D+S europe Shares") (ISIN DE0005336804 and DE000A0SFQ82). The
offer document is available on the internet at
http://www.pyramus-angebot.de. The acceptance period expires on July
3, 2008, 24:00 hours Central European Summer Time, unless extended in
accordance with the statutory provisions of the WpUG.

On May 19, 2008, and, thereby, after publication of the offer
document, the Bidder purchased a total number of 52,275 D+S europe
Shares outside the offer on the stock exchange at a maximum purchase
price of EUR 13.00 per share to be paid in cash. Such shares
purchased on the stock exchange correspond to approx. 0.13 % of the
registered share capital and the voting rights of D+S europe AG. The
transfer of such D+S europe Shares to the Bidder is expected to take
place on May 21, 2008.

Furthermore, on May 19, 2008, and, thereby, after the publication
of the offer document, the Bidder purchased outside the offer

-- 122,021 D+S europe Shares at a purchase price of EUR 12.99
per share to be paid in cash

off the stock exchange. Such D+S europe Shares purchased off the
stock exchange correspond to approx. 0.30 % of the registered capital
and the voting rights of D+S europe AG. The transfer of such D+S
europe Shares to the Bidder is expected to take place on May 21, 2008.

Finally, on May 19, 2008, and, thereby, after the publication of
the offer document, the Bidder acquired - on the basis of the share
purchase and transfer agreement with AvW Gruppe AG as referenced in
Section 5.5.2 (d) of the offer document - outside the offer

-- 1,936,939 D+S europe Shares at a purchase price of EUR 13.00
per share to be paid in cash

off the stock exchange. Such D+S europe Shares purchased off the
stock exchange correspond to approx. 4.74 % of the registered capital
and the voting rights of D+S europe AG.

Luxembourg, May 20, 2008

Pyramus S.a r.l.

Disclaimer:

This announcement is neither an offer to purchase nor a
solicitation of an offer to sell any securities.

The offer document ("Offer Document") for the Offer will be
distributed solely in accordance with the provisions of the German
Securities Acquisition and Takeover Act (Wertpapiererwerbs- und
Ubernahmegesetz) and in compliance with certain applicable provisions
of the securities laws and regulations of the United States and
certain exemptions from Canadian securities laws. The forwarding,
distribution or other dissemination of the Offer Document or other
documents relating to the Offer by third parties pursuant to
applicable provisions of any legal system other than those of the
Federal Republic of Germany, the United States of America and, in
accordance with applicable exemptions therefrom, Canada, is not
permitted and is not intended by the Bidder. Persons who come into
possession of the Offer Document or other documents relating to the
Offer outside the Federal Republic of Germany or the United States or
Canada or who want to accept the Offer and are subject to the
provisions of capital market or securities laws or regulations other
than those of the Federal Republic of Germany or the United States or
Canada are required to familiarize themselves and comply with the
respective capital market or securities laws and regulations before
accepting the Offer. The Bidder and the persons acting jointly with
the Bidder expressly exclude all liability for non-compliance with
applicable laws or regulations by third parties.

Deutsche Bank AG
Christian Werner, Tel +49-69-910-36668

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