Overwhelming majority of institutional and private investors speaks out for a continuation of the fund.

Institutional investors and private investors defy the resolution of the IP Concept S.A. who wants to liquidate the German medium-size bonds fund and speak out clearly for a continuation of the fund.

In the past days already numerous calls and powers of attorney for the agency of the interests of institutional investors and private investors were received by the law office Schirp. In the meantime investors with a fund volume of over 40 million euro of the Deutsche Mittelstandsanleihen FONDS are cared for by the law office. The powers of attorney were granted by investors of savings banks, Volksbanks, asset managers, foundations and insurance companies.

Dr. Schirp is very surprised about the behavior of IP Concept. Institutional investors, customer advisors and investors have so far not received any information or disclosures from IP Concept S.A. in response to their inquiries about the reasons for the liquidation and the fund's liquidation planning: "I have no understanding for the fact that IP Concept S.A. does not provide any insight into the background that led to the closure of the German Mittelstandsanleihen Fund and does not explain which procedure is to be used for the liquidation of the fund. If IP Concept S.A. is indeed in contact with the asset management company Hinkel & Cie. as well as One Square Advisors and exchanges information on the German Mittelstandsanleihen Fund, this would be a clear and massive violation of the rules, which we will pursue legally for the mandated investors."

The first step is to clarify the reasons for liquidation. Only on this basis can the continuation options for the investors then realistically be negotiated and implemented. After legal evaluation of the present state of affairs by the law office Schirp & Partner the discussions for a continuation solution must be led with the future liquidator. However, the designated liquidator, Mr. Martin Flaunet of the auditing firm Deloitte & Touche, still has to be confirmed by the Luxembourg supervisory authority. According to the law office, this should take place in the short term.

For further information please contact: Schirp & Partner Rechtsanwälte mbB, Leipziger Platz 9, D - 10117 Berlin, Tel. 0049-30-3276170, , URL: