Zapf Creation - Setting free a childrens imagination.

Shareholders' Meeting May 10, 2011

Zapf Creation's 12th Regular Annual Shareholders' Meeting will take place on

Wednesday, May 10, 2011, at 10:00 a.m. (CET)

at Ehemalige Orangerie, Schloss Rosenau
Rosenau 1,
D – 96472 Roedental, Germany .

01.

Invitation to the Regular Annual Shareholders' Meeting; German version was published in the electronic Federal Gazette at www.ebundesanzeiger.de on March 31, 2011
Directions

02.Detailed information on shareholder rights pursuant to §§ 122, para 2, 126, para 1, 127, 131 para 1 German Stock Corporation Law (AktG)
03.Explanations pursuant to Sec. 124a, German Stock Corporation Law (AktG)
04.

Annual Report 2010 of Zapf Creation Group
- including consolidated financial statements (IFRS) 2010
- including Management Report 2010 of the Zapf Creation AG and the Group

05.Annual financial statements 2010 (HGB) of Zapf Creation AG
06.Material regarding item 10 of the agenda
 07. Material regarding item 12 of the agenda
 08.

Speech of the Management Board (available only in German)

Hannelore Schalast

Thomas Eichhorn

 09.Information sheet to the amended agenda of administrative proposals (available only in German)
 09 Voting results of the Annual Shareholders' Meeting                       (available only in German)