Adler - comment

We are wondering this morning about the health reasons that Chairman Stefan Kirsten cited as reason for his departure from the board. The timing isccuriously close to the recent victory that the 29s have achieved in the UK appeals court. At the least, the 2025 restructuring will now have to go a different path from the one he was invested in. However we have no further details. There will be an ad-hoc investor call this afternoon.