FAQ Profit participation rights

For you, i.e. the investor, the profit participation right represents an investment opportunity.
For us, i.e. the issuing company (hereinafter also referred to as KD AG), the profit participation right represents a financing alternative.

These are registered profit participation rights with a fixed annual interest rate that is independent of KD AG's earnings. With KD, you provide us with capital. In return, you receive an annual interest rate of 3.5%. You can terminate your KD at any time with three months' notice to September 30 of each year. After termination, we will repay the capital you have paid in within 30 working days of the termination becoming effective.

KD AG requires a winter bridging loan every year, as it generates the majority of its revenues as a seasonal business in the summer months. KD AG would like to finance EUR 1.5 million of this winter bridging loan by issuing KD. The KD are therefore to be used for the bank-independent financing of working capital.

You know KD AG as a customer, shareholder, business partner or employee and have confidence in the entire KD team. With your help, we can provide bank-independent financing for working capital. In return, you will receive a fixed annual interest rate of 3.5%, independent of KD AG's results. You can terminate your KD at any time with a notice period of 3 months to September 30 of each year.

For legal reasons, KD can only be subscribed to by persons of legal age who are German citizens and who are resident in Germany. In addition, companies domiciled in Germany can subscribe to KD.

You are entitled to interest payments and to repayment of the KD at nominal value as well as an annual right of termination. The KD do not grant you any participation rights, in particular the right to participate in the Annual General Meeting of KD AG.

The issue volume amounts to 3,000 registered profit participation rights, the total nominal value is 1,500,000.00.

Once the issue volume has been reached, no further subscriptions are possible. If several subscriptions overlap at this point, a lottery procedure is used to decide who receives the KD.

The KD have a nominal amount of € 500.00 each, the minimum investment amount is € 500.00. Further increases are possible in increments of € 500.00.

The maximum investment amount per investor is generally 30,000.00. Subscriptions exceeding this amount will only be accepted by KD AG after an individual case-by-case assessment.

Yes, as long as the issue volume has not yet been reached, you can subscribe again at any time. The maximum investment limit per investor is € 30,000.00. Subscriptions exceeding this amount will only be accepted by KD AG after an individual case-by-case assessment.

There is no restriction on the term of KD. You can hold them for an indefinite period. Termination is possible for both you and KD AG on September 30 of each calendar year with a notice period of 3 months. Notice of termination must therefore be received by KD AG no later than June 30 of the year in which you wish to terminate.

No, KD are not traded on a stock exchange.

Like any financial investment, KD involve risks. These are listed in detail in our sales prospectus, which you can view here.

You are entitled to fixed interest on the profit participation capital, which is not dependent on the profit or loss of KD AG.

There is no liability beyond the amount of your profit participation right (obligation to make additional contributions).

Should KD AG become insolvent, you as a holder of profit participation rights will only be paid after all non-subordinated creditors of KD AG have been satisfied.

We are positive about the future of KD AG and the KD Group. Of course, we cannot give you a 100% guarantee that KD AG will not become insolvent, but in our view there is currently no such risk. The information provided to our suppliers by the credit agencies certifies that KD AG has a good credit rating. The probability that a receivable of KD AG will default (probability of default) is therefore 0.45%.

We are a listed company and are therefore obliged to present audited balance sheets on time. We also publish quarterly reports and ad-hoc disclosures where appropriate. We are therefore absolutely transparent. You can find all information on our website www.k-d.com in the Investor Relations section.

KD can only be acquired directly online via the website www.k-d.com/de/genussrechte

The following information must be provided:

• Enter your personal data (name, date of birth, place of birth, address) or company data
• Deposit of your e-mail address
• Enter your mobile phone number
• Indication of bank details (at a domestic credit institution) to which irregular cash receipts may be made
• Enter the desired subscription amount (denomination of 500.00)

Subscription to KD takes place exclusively via the Internet. Correspondence with you will therefore also take place via e-mail. For example, after subscribing you will receive a confirmation e-mail to the e-mail address you have provided. Your legitimation when subscribing or changing your data is carried out via the secure SMS-TAN procedure, which is only possible using an SMS-enabled cell phone. SMS-TAN is the abbreviation for a transaction number transmitted via Short Message Service.

No profit participation certificate or other certificate will be issued. You will receive an account statement for your customer account at www.k-d.com/de/genussrechte on the day of the interest distribution, which contains all data relating to your KD.

We want to keep the entire project as lean as possible. There are therefore no commissions, no unnecessary administrative costs and no certificates.

No, KD are subscribed without a premium, so you do not incur any costs. There are also no brokerage commissions. It is also not necessary to hold a securities account; KD profit participation rights are kept in the electronic profit participation rights register of KD AG. This does not incur any costs for you. KD are issued at par value.

KD AG pays you an annual interest on profit participation rights of 3.5% based on the nominal value of the profit participation capital. The interest begins on the day following the value date of your payment in the account of KD AG. The day after receipt of payment is therefore the first interest day. Interest is calculated after the end of each interest period (01.10. - 30.09.) using the 30/360 interest method.

An interest rate always depends on the risk of the investment: The higher the risk, the higher the interest rate. The annual interest rate of 3.5% set for the KD is in line with the market for relatively low-risk investments in the current low interest rate situation.

We will transfer the interest to the account you have specified by the 5th working day after the cut-off date (September 30 of each year). You do not have to do anything else.

You can demand repayment of your KD at any time with the agreed notice period of three months to September 30 of each year.

Your interest rate of 3.5% for the KD remains unchanged.

When paying out the interest on profit participation rights, KD AG is obliged to pay the applicable withholding tax in the form of capital gains tax in the current amount of 25% plus the solidarity surcharge of 5.5% of the capital gains tax and, if applicable, church tax by way of advance deduction to the tax office of KD AG. The amount to be paid out to you will therefore be reduced by this tax deduction. You will receive a certificate confirming payment of this tax.

We cannot take into account exemption orders or non-assessment certificates as we are not a credit institution. A refund of the tax portion already paid is possible as part of your personal income tax return. In addition, if you have a non-assessment certificate, you can submit a refund application to the Federal Central Tax Office.

KD AG treats your data as strictly confidential. Further information can be found in the data protection declaration on our website www.k-d.com/de/genussrechte.

If you wish to change your data, please contact us directly. We will be happy to assist you by e-mail at genussrechte(at)k-d.com or by telephone on 0221/2088-321.

You can find these documents and other interesting information on our website www.k-d.com/de/genussrechte.

A transfer of the KD to third parties by legal transaction requires the consent of the issuer, which can only be refused for good cause.

In the event of death, the KD are transferred to the heirs.

You can revoke your contractual declaration in writing (e.g. letter, fax, e-mail) within 14 days without giving reasons. The start of the revocation period can be found in the revocation instructions sent to you in your confirmation e-mail after submitting your binding subscription offer. Please send your revocation to:

KÖLN-DÜSSELDORFER Deutsche Rheinschiffahrt GmbH
Frankenwerft 35
50667 Cologne
Fax: 0221/2088-213
genussrechte(at)k-d.com

Termination is possible on September 30 of each calendar year with a notice period of three months. Notice of termination must be given in writing or in text form (e.g. letter, fax, e-mail). Please send your notice of termination to:

KÖLN-DÜSSELDORFER Deutsche Rheinschiffahrt AG
Frankenwerft 35
50667 Cologne
Fax: 0221/2088-213
genussrechte(at)k-d.com

If you or KD AG have given notice of termination, you will receive your profit participation capital at par value within 30 calendar days of the effective date of termination to the account you have specified.

Repayment is made at par value, i.e. 100% of your paid-in capital, plus accrued interest.

We kindly ask you to send us your questions by e-mail if possible. Please use the following e-mail address: genussrechte(at)k-d.com.

You can also contact Ms. Kim Ruhl on 0221/2088-321.