euro adhoc: Sanacorp Pharmahandel AG / Joint Ventures/Cooperation/Collaboration / Approval of business combination with CERP Rouen SA

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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Spin-offs

23.06.2007

The members´ representatives of Sanacorp eG Pharmazeutische
Großhandlung approved in their meeting held today on June 23, 2007
the spin-off of the entire operations of Sanacorp Pharmahandel
Aktiengesellschaft (hereinafter "Sanacorp AG") to a new company to be
established for that purpose. The representatives approved at the
same time during their meeting that, following the spin-off, Sanacorp
AG should contribute its entire investment in this new company to a
joint venture domiciled in Italy equally represented by the Company
and CERP Rouen SA. The pharmaceutical wholesale activities of
Sanacorp AG and CERP Rouen SA in Germany, France and Belgium are to
be carried out in the future under the roof of this holding company.

Sanacorp eG Pharmazeutische Großhandlung owns all ordinary shares
(some 73.4 % of subscribed capital) in Sanacorp AG and thus owns 100
% of the voting rights in its Annual General Meeting. Based on the
resolutions passed in its representatives´ meeting, Sanacorp eG
Pharmazeutische Großhandlung will also approve in the Annual General
Meeting of Sanacorp AG to be held on June 27, 2007, the resolutions
proposed by the Management and Supervisory Boards in relation to Item
No. 7 on the agenda (spin-off of operations) and Item No. 8 on the
agenda (contribution to a joint venture with CERP Rouen).

Sanacorp Pharmahandel Aktiengesellschaft

The Management Board

end of announcement euro adhoc 23.06.2007 18:09:16
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ots Originaltext: Sanacorp Pharmahandel AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Dr. Thomas Strieder
Telefon: +49(089) 8581 494
E-Mail: ir@sanacorp.de

Branche: Wholesale
ISIN: DE0007163131
WKN: 716313
Index: CDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / official dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / official dealing