Ad hoc announcement

Business Media China AG and Julius Bär Kapitalanlage AG have settled a
lawsuit, pending since 2001, proposed by the court of appeal in Frankfurt
am Main.

In 2001 Dino entertainment AG (as from 2002 due to change of company name:
CNV AG; as from 2005 due to change of company name: Business Media China
AG) sued Julius Bär Kapitalanlage AG for damages. Plaintiff lost the case
in the Lower Court in Frankfurt am Main and appealed with a claim of more
than EURO 6.5 million before the parties settled the case as follows:

1. Julius Bär Kapitalanlage AG pays to Business Media China AG
EURO 1,000,000.00 plus 5% interest since 16 October 2001.
2. Plaintiff pays 85% of costs, defendant pays 15% of costs.

Therewith the legal dispute is settled, whereof the legal ground is dated
back in the days of Dino entertainment AG.