Global securitization: exchange of preferred share certificates

The share certificates issued as part of Jungheinrich AG’s initial public offering in 1990 were no longer accurate, in part due to the conversion of the capital stock from deutsche marks to euros and the 1:10 stock split. The company took this opportunity to call the old preferred share certificates in order to exchange them for co-ownership shares. The first call for the submission of preferred share certificates which had become inaccurate was made in January 2009. Since January 7, 2009, Jungheinrich’s preferred stock has been fully securitized via a global certificate, which has been deposited with Clearstream Banking AG, Frankfurt am Main. Holders of preferred stock now own shares in the company commensurate to the stake they have as co-owners and the credit in their security deposit accounts.