Ad hoc: Wacker Construction Equipment AG: Wacker Construction Equipment AG, Neuson Kramer Baumaschinen AG and main shareholders of Neuson Kramer Baumaschinen AG sign merger agreement - figures for H1 2007/2008 from Neuson Kramer Baumaschinen AG released

9/23/2007, 6:11 PM (Source: GlobeNewswire)
Wacker Construction Equipment AG / Merger, Interim report / Wacker Construction Equipment AG, Neuson Kramer Baumaschinen AG and main shareholders of Neuson Kramer Baumaschinen AG sign merger agreement - figures for H1 2007/2008 from Neuson Kramer Baumaschinen AG released 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, September 23, 2007) Wacker Construction Equipment AG, Neuson
Kramer Baumaschinen AG and the main shareholders of Neuson Kramer
Baumaschinen AG, Austria (accounting for a 89.63% holding), signed an
agreement today to merge both companies. The remaining shareholders
of Neuson Kramer Baumaschinen AG, holding the remaining 10.37% of
stock, have also undertaken to transfer their shares to Wacker
Construction Equipment AG upon receipt of confirmation, that relevant
information requested from the fiscal authorities will be provided.


Neuson Kramer Baumaschinen AG main shareholders will transfer their
shares to Wacker Construction Equipment AG in exchange for 16,702,912
new shares from a capital increase by means of contributions in kind
and 4,349,961 treasury shares in Wacker Construction Equipment AG.
The Executive Board has concluded on a positive decision today in
reference to the necessary capital increase. The Executive Board had
previously already been authorized during the Annual General Meeting
on April 13, 2007, to act accordingly. The Supervisory Board of
Wacker Construction Equipment AG has also given full approval to this
decision today. The merger is set to close in October 2007.
The remaining shareholders will transfer their shares to Wacker
Construction Equipment AG upon receipt of the above-mentioned fiscal
confirmation in exchange for 2,437,088 new shares from further
capital increase by means of contributions in kind.

The shareholders of Neuson Kramer Baumaschinen AG will not receive a
cash settlement on the part of Wacker Construction Equipment AG.
Instead, a special dividend of EUR 18 million had been distributed
from Neuson Kramer Baumaschinen AG funds in the run-up to the merger.

Furthermore, Neuson Kramer Baumaschinen AG submitted figures for the
first half of fiscal 2007/2008 (February 1 to July 31) to Wacker
Construction Equipment AG today. The figures reveal 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 group-wide sales up 30.4 percent from
EUR 139.0 million for the same period last year to reach EUR 181.2
million. Profit before interest, tax and depreciation (EBITDA) rose
by 39.0 percent to EUR 36.8 million (previous year: EUR 26.5
million), profit before interest and tax (EBIT) rose by 40.2 percent
to EUR 34.8 million (previous year: EUR 24.8 million) despite
dedicated special expenditures for the planned merger. Profit for the
period constituted EUR 23.6 million (previous year: EUR 17.6
million).

Additional information about the Wacker Construction Equipment AG
shares:
ISIN: DE000WACK012
WKN: WACK01
Listing requested: Official Market / Prime Standard; Frankfurt Stock
Exchange
Registered office of the company: Germany

Contact:

Wacker Construction Equipment AG
Imre Szerdahelyi
Head of Corporate Communication
Preußenstr. 41
80809 Munich
Germany
Tel. + 49 - 89 - 354 02 - 251
E-Mail: ir@eu.wackergroup.com
Internet: www.wackergroup.com

Disclaimer:

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
Deutschland

WKN: WACK01; ISIN: DE000WACK012;
Listed: Amtlicher Markt in
Frankfurter Wertpapierbörse, Prime Standard in Frankfurter
Wertpapierbörse;
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