First annual general meeting after IPO:

VTG-shareholders agree with draft resolutions by more than 99 percent

Hamburg, 18 June 2008. Today the first Annual General Meeting of VTG Aktiengesellschaft since its IPO in June 2007 took place in CCH Congress Center Hamburg. About 200 shareholders, representing 58.24 percent of the capital stock, were present and accepted the draft resolutions by Executive Board and Supervisory Board. Thus, among others, the Executive Board was authorised with 99.96 percent of all votes to buy shares in a volume up to ten percent of the existing capital stock. In addition, Executive Board and Supervisory Board were granted discharge with 99.99 percent of all votes and 99.99 percent respectively.

In his speech, Dr Heiko Fischer, CEO of VTG Aktiengesellschaft, looked back to the successful financial year of 2007 and underlined that the Hamburg-based company with its three segments Wagon Hire, Rail Logistics and Tank Container Logistics is excellently positioned: “In the booming market for rail freight services and rail transports we have achieved a leading position in the recent years – especially in our core market Europe. In the future we will follow our successful development and further expand internationally.”   

For the current financial year Fischer affirmed the company’s positive expectations: “We confirm our outlook for the financial year 2008. For sales as well as for operating profit we still estimate a strong increase.”

VTG intends to ensure its ability to pay a dividend for the financial year 2008. “Executive Board and Supervisory Board have the clear objective to propose the payment of a dividend for the financial year 2008 on the annual general meeting in 2009” explained Fischer.

About VTG

VTG Aktiengesellschaft is one of Europe’s leading rail logistics and wagon hire companies. With about 48,400 rail freight cars, VTG has Europe’s largest private wagon fleet. In addition to the hiring of rail freight cars, the Group offers global tank container transport and comprehensive mulit-modal logistics services mainly around rail transport.

With the combination of its three interrelated divisions Wagon Hire, Rail Logistics and Tank Container Logistics VTG offers its clients a high-performance platform for international transport of their freight. The Group has many years of experience and specific know-how in particular in the transport of liquid and sensitive goods. Its customers include numerous well-known companies from almost all industrial sectors such as, for example, chemicals, mineral oil, the automobile or paper industries. 

In the financial year 2007 VTG generated operating revenues of EUR 541.4 million and an operating result (EBITDA) of EUR 137.0 million. Via its subsidiaries and affiliates the company, which has its head office in Hamburg, is mainly present in Europe, Asia and North America. As at 31 March 2008 VTG employed 831 employees worldwide in consolidated companies. Since June 2007 VTG AG has been listed on the official Prime Standard market of the Frankfurt Stock Exchange (SCN: VTG999).

Press contact:

Bettina Fries
Telephone:        +49 (0) 211 430 79-70
Fax:                  +49 (0) 211 430 79-79
E-Mail:              bfries@heringschuppener.com

Investor Relations:

Felix Zander
Telephone:        +49 (0) 40 23 54-1351
Fax:                  +49 (0) 40 23 54-1350
E-Mail:              felix.zander@vtg.com