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PRESS RELEASE: HUGIN AD-HOC/Hornbach-Baumarkt-AG: Board of Management of HORNBACH-Baumarkt-AG resolves share buyback to facilitate issue of shares to employees

Hornbach-Baumarkt-AG / Share buyback / Ad hoc: Board of Management of
HORNBACH-Baumarkt-AG resolves share buyback to
facilitate issue of shares to employees 

Ad hoc announcement according to §15 WpHG processed and transmitted
by Hugin. The issuer is solely responsible for the content of this
announcement. 

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Bornheim, August 10, 2009. The Board of Management of
Hornbach-Baumarkt-AG, based in Bornheim/Pfalz, ISIN DE0006084403,
today resolved to acquire up to 20,000 own shares pursuant to Section
71 (1) No. 2 of the German Stock Corporation Act (AktG). The shares
are to be acquired already in preparation for the annual issue of
shares to employees scheduled to take place at the end of 2009. 

The buyback of shares on the basis of this management board
resolution is to be undertaken in accordance with the safe harbor
regulations set out in Section 20a (3) of the German Securities
Trading Act (WpHG) in conjunction with Regulation (EC) No. 2273/2003
of the European Commission dated December 22, 2003. 

The buyback of shares will begin on August 11, 2009 and will run for
a limited period expiring on December 31, 2009. The purchase price to
be paid by the company per share (excluding acquisition expenses) may
not exceed or fall short of the stock market price by more than 10%.
The stock market price shall be taken in this respect to be the
average of the closing prices in Xetra trading at the Frankfurt Stock
Exchange on the five stock market trading days immediately preceding
the respective acquisition. Moreover, the shares will not be acquired
at a price in excess of that determined pursuant to Article 5 (1) of
Regulation (EC) No. 2273/2003 of the European Commission dated
22 December 2003.
Further information concerning the buyback of shares has been
published in the "Investor Relations/Share buyback" section on the
internet and can be found at the following URL: 

http://www.hornbach-holding.com/investor/en/php/cont_investor_buyback.php 

Moreover, the transactions executed will also be published at this
address pursuant to Article 4 (4) of Regulation (EC) No. 2273/2003 of
the European Commission dated December 22, 2003. 

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Hornbach-Baumarkt-AG
Hornbachstrasse 11 Bornheim bei Landau
Germany 

WKN: 608440; ISIN: DE0006084403; Index: CDAX, Prime All
Share;
Listed: Prime Standard in Frankfurter Wertpapierbörse, Regulierter
Markt in Frankfurter Wertpapierbörse,
Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg; 

http://www.hornbach.com
Copyright © Hugin AS 2009. All rights reserved. 

(END) Dow Jones Newswires

August 10, 2009 06:39 ET (10:39 GMT)