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Schering AG Divests Stake in Medac GmbH

June 9, 2005

Schering AG, Germany announced that it has sold its 25 percent stake in Medac GmbH, Hamburg, to the shareholders of Medac GmbH for a two-digit million Euro figure. At the same time, Schering has acquired from Medac the remaining 50 percent of the shares in Medac Schering Onkologie GmbH. The activities of this company are to be integrated into a new oncology business unit at Schering Deutschland GmbH, Schering's German subsidiary. The employees of Medac Schering Onkologie GmbH will be taken over by Schering Deutschland GmbH.

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