On May 31, 2012, Dirk Ströer, one of the two main shareholders and member of the supervisory board of Ströer Out-of-Home Media AG, sold 1.3 million shares representing 3.1% of the issued and outstanding shares of the Company to funds managed by Third Point LLC, a New York based investement firm. The shares were traded over the counter for a price of EUR 8.00 per share. The sale by Dirk Ströer of a minor proportion of his shareholding is for personal reasons only in connection with a loan repayment. The management of Ströer Out-of-Home Media AG welcomes the share deal as it adds a further institutional investor to the existing shareholder base of the Company and also leads to an increase of the free float from previously 43.4% to 46.5%. Dirk Ströer now holds 10.7 million shares representing 25.3% of the shares of the Company. Founder and CEO Udo Müller continues to hold 11.9 million shares which represents 28.2% of the shares of Ströer Out-of-Home Media AG.