On 11 January 2012, MBB decided to make use of the authorisation granted by the annual general meeting on 30 June 2010 in order to acquire treasury shares in accordance with section 71(1) no. 8 of the Aktiengesetz (AktG – German Companies Act), and it then implemented a share buyback programme in the period from 12 January to 10 February 2012.

144,201 treasury shares, or 2.18% of the share capital, were acquired on the stock market through a bank at an average price of EUR 6.9347 for a total value of EUR 999,996.67. Pursuant to section 71 b AktG, these shares do not carry voting or dividend rights, and they reduced the number of shares that actually do carry voting and dividend rights up to March 2014.

On 27 March 2014, the total stock of treasury shares were sold on the basis of the authorisation in the resolution of the annual general meeting of 18 June 2012, as amended on 17 June 2013, to an institutional investor by way of a private placement at a price of EUR 24.65 through WGZ BANK AG Westdeutsche Genossenschafts-Zentralbank; the subscription rights of the shareholders were excluded in this sale.