Assignments in Quarter II/2016 (April through June)

(June 30th, 2016) Dr. Falk Billion completed the following assignments from April through June 2016

Statement on the corporate value of a golf course management company in North Rheine Westphalia (on behalf of the Board)

Continuation forecast for the owner/operator company of a golf course in Rhineland-Palatinate (on behalf of the majority shareholders)