Court order 2005-07-01

Official Copy
Local Court Frankfurt am Main
01.07.2005
Insolvency Court
Business No.: 810 IN 300/05 P
(please always quote)
Resolution
In the insolvency proceedings concerning the assets of
Phoenix Kapitaldienst GmbH Gesellschaft für die Durchführung und
Vermittlung von Vermögensanlagen (company for realisation and conveyance
of productive investments), Vilbeler Strasse 29, 60313 Frankfurt am Main
(German Commercial Register Dept. B 16418),
last represented by:
1. Elvira Ruhrauf, Frankfurt am Main (Managing Director),
2. Detlef Jürgen Amonath, Hunsrückstrasses 2, 65719 Hofheim am Taunus
(Managing Director)
3. Norbert Przibilla, Hanau, (Managing Director),
insolvency proceedings are being commenced today on 01.07.2005 at 9:00
a.m. in accordance with §§2, 3, 11, 16ff Insolvency Act due to insolvency and
excess liabilities over assets.
The appointed insolvency administrator is:
Attorney Frank Schmitt, Olof-Palme-Strasse 13, 60439 Frankfurt/Main, Tel.:
069/50986-0, Fax: 069/50986110.
The debtor is prohibited from disposing of its current and future assets for the
duration of the insolvency proceedings. This power of disposal is transferred
to the insolvency administrator. Debt-indemnifying payments to the debtor
may no longer be made once insolvency proceedings have commenced, if
they are paid to the debtor despite this and if the means do not reach the
debtor’s estate, there is the risk of being obliged to make the payment again
to the insolvency administrator.
Mickerts
Judge at the Local Court

Local Court Frankfurt am Main
Insolvency Court
Business No.: 810 IN 300/05 P
(please always quote)
Resolution
In the insolvency proceedings concerning the assets of
Phoenix Kapitaldienst GmbH Gesellschaft für die Durchführung und
Vermittlung von Vermögensanlagen (company for realisation and conveyance
of productive investments), Vilbeler Strasse 29, 60313 Frankfurt am Main
(German Commercial Register Dept. B 16418),
last represented by:
1. Elvira Ruhrauf, Frankfurt am Main (Managing Director),
2. Detlef Jürgen Amonath, Hunsrückstrasses 2, 65719 Hofheim am Taunus
(Managing Director)
3. Norbert Przibilla, Hanau, (Managing Director),
the creditors are invited:
a) to register insolvency claims (§38 Insolvency Act) with the insolvency
administrator in writing and subject to § 174 Insolvency Act by:
15.09.2005
b) to immediately inform the insolvency administrator which security rights
they are claiming to moveable assets or to rights of the debtor. The object on
the basis of which the security rights are claimed, the type and original cause
of the security rights as well as the secured claim are to be identified. Anyone
who culpably omits or delays notification is liable for the damage resulting
from this (§28 paragraph 2 Insolvency Act).
Persons who have liabilities towards the debtor are requested to no longer
pay these to the debtor but to the insolvency administrator (§28 paragraph 3
Insolvency Act).

The following meetings will be held by the Insolvency Court:
1. on Wednesday, 05.10.2005, 10:30 a.m., “Harmonie Saal” at the Congress
Center at the Messe Frankfurt, Ludwig-Erhard- Anlage 1, 60327 Frankfurt/M.
there will be a creditors’ meeting to formulate a resolution concerning the
possible selection of another Insolvency Administrator, the implementation of
a panel of creditors as well as the other matters identified in §§ 66, 100, 149,
157, 160, 162, 271 Insolvency Act;
2. on Thursday 24.11.2005, 10:00 a.m. Hall 1, Building F, Klingerstrasse 20,
60313 Frankfurt am Main there will be a creditors’ meeting in which the
registered claims will be reviewed.
The panel of creditors implemented in the proceedings initiated upon petition
in accordance with § 67 Insolvency Act remains in place. This is made up of
the following members:
1. Fritz Düllmann, c/o Entschädigungseinrichtung für
Wertpapierhandelsunternehmen (German Compensatory Fund of Securities
Trading Companies), Behrensstrasse 31, 10865 Berlin
2. Frank Lipke, Gunter Ring 28 b, 65795 Hattersheim
3. Attorney Jochen Traut, c/o Gothaer Credit Versicherungs AG, Werder-
Strasse 34, 50672 Cologne
The insolvency administrator is assigned the task of supplying the insolvency
order to the concerned parties in accordance with § 8 paragraph 3 Insolvency
Act.
The deposit bank appointed is: Frankfurter Sparkasse, Frankfurt am Main
Frankfurt/M., 01.07.2005
Dept. 810
Schmitt-Emden
Legal clerk