Weng Fine Art AG raises Dividend by 67% and intends to issue Bonus Shares

Weng Fine Art AG raises Dividend by 67% and intends to issue Bonus Shares

Weng Fine Art AG (WFA) intends to distribute a dividend of EUR 0.25 per share for the financial year 2011/12. Compared to the previous year this corresponds to an increase of EUR 0.10 or 67%. In addition, the art dealer, that has been listed on the Frankfurt Stock Exchange since the beginning of the year, wants to propose the issue of bonus shares in the ratio of 1 : 1 at the Annual General Meeting to be held on 24 September 2012 in Krefeld. The shareholders would therefore receive an additional share for each WFA share they hold.

'We want to let our shareholders participate in an appropriate way in our record results of last year whilst at the same time uphold our successful payout history', explains CEO Rüdiger K. Weng and points out that Weng Fine Art AG has been paying progressively rising dividends since 2004. Bonus shares are also not a novelty for the company shareholders: Already in the past year the company had distributed bonus shares in the ratio of 1 : 1 out of company funds. Moreover, the decisions of the Board of Directors and Supervisory Board emphasise their great optimism with regard to the future development of the business.

The agenda of the Annual General Meeting will be published in August in the German federal electronic gazette ('Elektronischer Bundesanzeiger') and sent to those shareholders on the company share register.

About Weng Fine Art AG

Weng Fine Art AG (www.wengfineart.com) is one of the fastest-growing, internationally active art dealing companies on the European continent. The company uses a B2B model, focusing on trading more than 500 blue chip artists from the 20th century. Important clients are, beside others, Sotheby's, Christie's and Phillips. The retail market is served by its 100% subsidiary Weng Fine Art Editions GmbH that offers worldwide on various platforms, multiple works of art by some of the most important contemporary artists. Weng Fine Art shares are traded on the Frankfurt Stock Exchange (Entry Standard) since 2 January 2012.

Contact

Weng Fine Art AG
Rüdiger K. Weng, Chairman
Kimplerstrasse 294 | D-47807 Krefeld
Telephone +49(0)2151 93713-0 | Telefax+49(0)2151 93713-29
E-Mail weng@wengfineart.com | Internet www.wengfineart.com