Ad hoc: Option shares of Biofrontera AG transferred to another bank.

(From Hugin)

Leverkusen, 3 February 2007 - Biofrontera AG announced today that 220.582 shares stemming from an unexecuted option, previously held by DZ BANK AG Deutsche Zentralgenossenschaftsbank, were assigned to another bank. This bank will sell the shares to investors contingent upon the approval or directions of the company. The proceeds of the sale will flow to Biofrontera AG. Background: In a private placement of 24 October 2006 investors were granted the option to buy one new Biofrontera share for Euro 15.00 for each two shares purchased in the private placement. Only a minor portion …