Ad hoc: Wacker Construction Equipment AG: Planned merger with Neuson Kramer Baumaschinen AG: Neuson Kramer Baumaschinen AG release of preliminary figures for the first half of fiscal year 2007/2008 - Plans to change the legal form to a Societas Europaea ("SE")

8/14/2007, 8:35 PM (Source: GlobeNewswire)
Wacker Construction Equipment AG / Interim report / Planned merger with Neuson Kramer Baumaschinen AG: Neuson Kramer Baumaschinen AG release of preliminary figures for the first half of fiscal year 2007/2008 - Plans to change the legal form to a Societas Europaea ("SE") Ad hoc announcement according to §15 WpHG processed and transmitted by Hugin ASA. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- --------------

(Munich, August 14, 2007) Neuson Kramer Baumaschinen AG,
headquartered in Linz (Austria), has submitted a report today
detailing the preliminary results for the first half of fiscal year
2007/2008 (February 1 - July 31) to Wacker Construction
Equipment AG. The report reveals that the company has continued to
build on the positive results from the first quarter and
that group-wide sales and profit (Expenditure Format) are up on the
same period last year.

Strong demand for Neuson Kramer Baumaschinen AG products pushed
preliminary group-wide sales up 30.3 percent from
EUR 138.9 million for the same period last year to EUR 181.0 million.
Preliminary figures for profit before interest and tax
(EBIT) rose by 45.2 percent to EUR 36.0 million (previous year: EUR
24.8 million).

As previously announced, Wacker Construction Equipment AG and Neuson
Kramer Baumaschinen AG aim to conclude an
agreement to merge in summer 2007. Both parties have reached an
agreement regarding the main terms of the contract,
which is scheduled to be signed within the coming weeks. The merger
is aimed to be executed during October 2007.

The merger will most likely take place through the transfer of shares
in Neuson Kramer Baumaschinen AG by the
shareholders of the same to Wacker Construction Equipment AG in
exchange for anticipated 19,140,000 new shares (capital
increase through contributions in kind).

Furthermore, the Neuson Kramer Baumaschinen AG majority shareholders
will transfer part of their shares to Wacker
Construction Equipment AG in exchange for 4,349,961 treasury shares
in Wacker Construction Equipment AG and a cash
payout. The new additional cash settlement will amount to EUR 6
million. The contribution ratio stated in the Memorandum
of Understanding remains unchanged. Aside, the shareholders of Neuson
Kramer Baumaschinen AG will be entitled to an
extra dividend of up to EUR 12.1 million in total from Neuson Kramer
Baumaschinen AG funds prior to the merger.

This arrangement acknowledges the strong sales and profit growth
prospects enjoyed by Neuson Kramer Baumaschinen AG,
which could not be accurately predicted at the time the Memorandum of
Understanding was signed (March 30 / April 11,

A resolution to change the legal form of Wacker Construction
Equipment AG to a Societas Europaea ("SE"), and consequently
the company name to "Wacker Neuson SE", will be proposed at the next
Annual General Meeting for Wacker Construction
Equipment AG (currently scheduled for the start of June, 2008). The
relocation of the company's seat to Austria is not
intended for the time being. This move will be open to further
discussion if the tax environment in Austria changes to the
disadvantage of the majority Austrian shareholders

Additional information about the Wacker Construction Equipment AG
Listing requested: Official Market / Prime Standard; Frankfurt Stock
Registered office of the company: Germany

Wacker Construction Equipment AG
Imre Szerdahelyi
Head of Corporate Communication
Preußenstr. 41
80809 Munich
Tel. + 49 - 89 - 354 02 - 251


This publication constitutes neither an offer to sell nor an
invitation to buy securities.

This document does not constitute an offer of securities for sale or
a solicitation of an offer to purchase securities in the
United States. The shares in Wacker Construction Equipment AG (the
"Shares") may not be offered or sold in the United States
absent registration or an exemption from registration under the U.S.
Securities Act of 1933, as amended. It is not intended to
register any Shares in the United States or to conduct an offering of
Shares in the United States.

This document is only being distributed to and is only directed at
(i) persons who are outside the United Kingdom or (ii) to
investment professionals falling within Article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion)
Order 2005 (the "Order") or (iii) high net worth entities, and other
persons to whom it may lawfully be communicated, falling
within Article 49(2)(a) to (d) of the Order (all such persons
together being referred to as "relevant persons").

--- End of Message ---

Wacker Construction Equipment AG
Preußenstr. 41 München

Listed: Amtlicher Markt in
Frankfurter Wertpapierbörse, Prime Standard in Frankfurter
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