Deal Summary

In May 2009, Deutsche Land sought to raise equity in order to fund the Company’s existing capital expenditure programme, to provide working capital and to strengthen the financial position of the Company and its group. SP Angel Corporate Finance LLP acted as financial adviser and broker to Deutsche Land on a placing and subscription which raised in aggregate around £14.3 million (around €16.4 million) at 12 pence per share, a premium to the share price prior to the Placing.