Borussia Dortmund restates annual financial statements 2005/2006, 2006/2007 and 2007/2008 - Recognition of accounting error determination by DPR

Borussia Dortmund GmbH & Co. KGaA / Miscellaneous

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
----------------------------------------------------------------------

The Deutsche Prüfstelle für Rechnungslegung (DPR / German Financial
Reporting Enforcement Panel) has reviewed the annual financial statements
and the annual consolidated financial statement of Borussia Dortmund GmbH &
Co. KGaA as of June 30th, 2008 in the course of a sampling audit and has
determined that the realization of revenues in the fiscal year 2002/2003
with regard to a sports kit and technical supplier agreement concluded in
June 2003 for the term of the Bundesliga seasons from 2004/2005 until
2008/2009 as well as the subsequent accounting was incorrect.

The general partner, Borussia Dortmund Geschäftsführungs-GmbH, was
convinced so far and especially at the time of preparing the respective
annual statements to have applied the relevant International Financial
Reporting Standards (IFRS) and German accountings regulations (HGB)
correctly within the scope of the discretion permitted. Following intensive
consultation and consideration of the advantages and disadvantages for the
company related to a non-recognition of the DPR conclusions, especially for
the avoidance of an interminable legal dispute, the general partner decided
to recognize the DPR's conclusions. The company jointly agreed this
decision with its external auditors.

Therefore the company initiated the announcement of the accounting error
determination as well as the material grounds in accordance with § 37q
para. 2 sentence 4 WpHG (German Securities Act) in the electronic federal
gazette and a nationwide newspaper authorized by the stock exchanges in
Germany without undue delay.

As a consequence of the recognition of the accounting error determination
by DPR the management decided to restate the still alterable annual
financial statements 2005/2006, 2006/2007 and 2007/2008 according to the
DPR conclusions, i.e. to collect the contractual payments under the sports
kit and technical supplier agreement concluded in June 2003 proportional
over the entire term from 2004/2005 until 2008/2009. However and
notwithstanding to the forgoing the adjusted distribution of earnings will
have no material negative impact on the asset position of the company with
regard to the end of the fiscal year 2008/2009.

Based on the corrections due to the DPR conclusions the results of the
relevant financial statements changes as follows:


1. financial statement 2005/2006

Earnings before interest and taxes (EBIT) increases from EUR -12.0 Mio. by
EUR 5.5 Mio. to EUR -6.5 Mio.

The extraordinary result degrades from EUR 10.2 Mio. by EUR -20.7 Mio. to
EUR -10.5 Mio. The adjustment of the extraordinary result by EUR -20.7 Mio.
reflects an aperiodic adjustment due to realized revenues under the sports
kit and technical supplier agreement in previous years which fall upon the
fiscal years from 2005/2006 until 2008/2009.

Earnings before taxes (EBT) reduces from EUR -2.7 Mio. by EUR -15.3 Mio. to
EUR -18.0 Mio. and the financial result decreases from EUR -3.9 Mio. by EUR
-15.3 Mio. to EUR -19.2 Mio.

2. financial statement 2006/2007

Earnings before interest and taxes (EBIT) increases from EUR 15.8 Mio. by
EUR 5.0 Mio. to EUR 20.8 Mio.

Earnings before taxes (EBT) as well as the financial result increases from
EUR 10.3 Mio. by EUR 4.4 Mio. to EUR 14.7 Mio.

3. financial statement 2007/2008

Earnings before interest and taxes (EBIT) increases from EUR 6.3 Mio. by
EUR 5.0 Mio. to EUR 11.3 Mio.

Earnings before taxes (EBT) increases from EUR 1.2 Mio. by EUR 4.6 Mio. to
EUR 5.8 Mio. The financial result raises from EUR 1.1 Mio. by EUR 4.2 Mio.
to EUR 5.3 Mio.

Based on these results the Borussia Dortmund Geschäftsführungs-GmbH and
the supervisory board of the Borussia Dortmund GmbH & Co. KGaA will propose
the ordinary general shareholder meeting, which will be held in November
2009, to approve again the financial statements 2005/2006, 2006/2007 and
2007/2008 in the respective restated versions.

Furthermore the recognition of the accounting error determination by DPR
implicates that the previous year opening balance sheet values as of July
1st, 2007 regarding the retained earnings in the according to IFRS
consolidated annual financial statement 2008/2009 as of June 30th, 2009
will be adjusted (in accordance with IAS 8) from EUR -10.6 Mio. by EUR
-10.8 Mio. to EUR -21.4 Mio. and the previous year profit and loss
statement 2007/2008 will change towards the already announced consolidated
annual financial statement 2007/2008 as follows:

Earnings before taxes (EBT) increases from EUR 5.4 Mio. by EUR 5.0 Mio. to
EUR 10.4 Mio., Earnings before taxes (EBT) increases from EUR -4.7 Mio. by
EUR 4.6 Mio. to EUR -0.1 Mio. and the Group financial result increases from
EUR -3.9 Mio. by EUR 4.2 Mio. to EUR 0.3 Mio. Earnings per share raises
from EUR -0.07 by EUR 0.07 to EUR 0.00.


Dortmund, July 14th, 2009

Borussia Dortmund GmbH & Co. KGaA
Borussia Dortmund Geschäftsführungs-GmbH
14.07.2009  Financial News transmitted by DGAP
----------------------------------------------------------------------
 
Language:     English
Issuer:       Borussia Dortmund GmbH & Co. KGaA
              Rheinlanddamm 207 - 209
              44139 Dortmund
              Deutschland
Phone:        0231/ 90 20 - 0
Fax:          0231/ 90 20 - 912
E-mail:       [email protected]
Internet:     www.bvb.de
ISIN:         DE0005493092
WKN:          549309
Listed:       Regulierter Markt in Frankfurt (General Standard);
              Freiverkehr in Berlin, München, Düsseldorf, Stuttgart,
              Hamburg
 
End of News                                     DGAP News-Service
 
---------------------------------------------------------------------------