TRANSACTION REPORT

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GVG Corporate Finance Advisors advises JP Morgan Chase & Co. on the sale of 100% of the equity and interest-bearing liabilities of Witex Flooring Products GmbH to HIG Capital

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Wiesbaden, January 5, 2010

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Today, the sale of the shares in Witex Flooring Products GmbH previously held by JP Morgan to HIG Capital was completed. Following approval of the transaction by the Federal Cartel Office, the purchase price for 100% of the shares and the interest-bearing liabilities were transferred, and the shares were transferred to the new owners.

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Witex Flooring Products GmbH was one of the first laminate manufacturers in Germany to begin producing laminate flooring in 1991. Today, it is one of the most successful brands in the market, synonymous with professional quality. Witex exports its products to more than 70 countries worldwide and supplies exclusively the flooring trade with laminate, engineered wood flooring, and other flooring for commercial and residential use. In 2008, the company achieved sales of approximately €70 million.

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GVG Corporate Finance Advisors acted as exclusive financial advisor to JP Morgan Chase Bank, NA.

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Other consultants:
Legal: Freshfields Bruckhaus Deringer LLP, Frankfurt
Vendor Due Diligence: Glück . Krämer . Mäschke . Pothorn, Munich