20.12.2004 – 10:36

euro adhoc: Marseille-Kliniken AG
other
· Successful closing in the sale-and-lease-back-business · GE Commercial Finance buys 12 properties from the care segment · Clear equity ratio improvement

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

The Marseille-Kliniken AG (prime standard, ISIN DE 0007783003, MKA)
has successfully finalized a substantial sale-and-lease-back business
with GE Commercial Finance.  The Marseille-Kliniken AG will sell 12
assets from the care segment, with approximately 1.500 beds, to the
US Investor in a sale-and-lease transaction.

With a volume of approx. EUR 100 million, this transaction lays a
strategical milestone, allowing Marseille-Kliniken AG to further
focus on health service facilities operations.

After a successful conversion, the breakdown of the
Marseille-Kliniken AG property portfolio will comprise of
approximately 50% owned and 50% leased facilities. The
Marseille-Kliniken AG regards this ratio as an index for future
expansion strategies within the enterprise.

With this transaction, Marseille-Kliniken AG reduces its long term
liabilities, improves the equity ratio clearly and establishing
further supplementary financial capability for the realization its
future growth strategy.

end of announcement                    euro adhoc 20.12.2004 10:00:17

Further inquiry note:

Marseille-Kliniken AG
Axel Hölzer
CEO
Alte Jakobstraße 79/80
10709 Berlin
Tel.: +4930 246 32-400
Fax: +4930 246 32-401

Hillermann-Consulting
Christian Hillermann
Eppendorfer Baum 5
20249 Hamburg
Tel.: +4940 414 069-12
Fax: +4940 414069-14

Branche: Pharmaceuticals
ISIN: DE0007783003
WKN: 778300
Index: Prime Standard, CDAX, Classic All Share, Prime All Share
Börsen: Berliner Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bremer Wertpapierbörse (BWB) / free trade
Hamburger Wertpapierbörse / official dealing
Frankfurter Wertpapierbörse / official dealing

euro adhoc: Marseille-Kliniken AG
other
· Successful closing in the sale-and-lease-back-business · GE Commercial Finance buys 12 properties from the care segment · Clear equity ratio improvement

euro adhoc: Marseille-Kliniken AG / Annual Reports / 5% increase in sales during the fiscal year 2003/2004 to 200.1 million Fundings for the Rehabilitation division depress total result to DVFA (IAS) to 7.5 million (previous year: 8.5 million) 1.

euro adhoc: Marseille-Kliniken AG / Quarterly or Semiannual Financial Statements / - 5 % increase in sales to EUR 150.3 million in the first three quarters - Overall earnings of EUR 6.2 million slowed down due to macro-economic impacts in Rehabilitation

euro adhoc: Marseille-Kliniken AGother· Successful closing in the sale-and-lease-back-business · GE Commercial Finance buys 12 properties from the care segment · Clear equity ratio improvement

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euro adhoc: Marseille-Kliniken AG / Annual Reports / 5% increase in sales during the fiscal year 2003/2004 to  200.1 million Fundings for the Rehabilitation division depress total result to DVFA (IAS) to  7.5 million (previous year:  8.5 million) 1.

euro adhoc: Marseille-Kliniken AG / Quarterly or Semiannual Financial Statements / - 5 % increase in sales to EUR 150.3 million in the first three quarters - Overall earnings of EUR 6.2 million slowed down due to macro-economic impacts in Rehabilitation

euro adhoc: Marseille-Kliniken AG
other
· Successful closing in the sale-and-lease-back-business · GE Commercial Finance buys 12 properties from the care segment · Clear equity ratio improvement

euro adhoc: Marseille-Kliniken AG / Annual Reports / 5% increase in sales during the fiscal year 2003/2004 to 200.1 million Fundings for the Rehabilitation division depress total result to DVFA (IAS) to 7.5 million (previous year: 8.5 million) 1.