WestLB Temporarily Holds 14% of DaimlerChrysler’s Equity

DaimlerChrysler Press Release (Stuttgart): WestLB AG of Düsseldorf, which is a German bank, has informed DaimlerChrysler AG that on April 4, 2007, the volume of DaimlerChrysler shares that it holds for trading purposes exceeded the threshold of 10% of the voting rights in DaimlerChrysler AG and that it currently holds an equity interest of 14.006% (144,172,765 shares).

According to the information WestLB provided, these are purely financial transactions, which are completely hedged with futures. The number of DaimlerChrysler shares held by WestLB is to be reduced again to well below 3% of the capital stock in the foreseeable future. The transactions therefore do not result in any shift in DaimlerChrysler’s shareholder structure. 

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