EANS-Adhoc: Polytec Holding AG / POLYTEC HOLDING AG SELLS POLYTEC COMPOSITES ITALIA TO INDUSTRIE METALLVAKUUM RANGER S.P.A.

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
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announcement.
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29.12.2010

Today POLYTEC HOLDING AG signed an agreement to sell 100% of the shares of
POLYTEC Composites Italia (PCI) to Industrie Metallvakuum Ranger S.p.a. (IMR).

IMR produces composites, injection moulded parts and furthermore it builds also
SMC- and injection moulding tools mainly oriented to the Italian automotive
market. Due to its strong local footprint, IMR will have the ability to gain
synergies by consolidating the SMC production for the local market at one site.

For POLYTEC GROUP, the strong boundary of the Italian market, the companies low
synergy potential within the group as well as its weak long term perspective due
to changes in technology at key products were crucial for the decision of the
management, to sell the company for an attractive valuation due to the local
relevance of PCI to IMR. The transaction has the total acceptance of the main
customer of PCI (Fiat/Iveco).

Earnings situation of POLYTEC COMPOSITES Italia

in mill.        2009    2010E
Sales   17,2    32,5
EBIT    -1,7    0,4

In line with this transaction the parties agree to maintain certain cooperation
concerning the supply of raw material and moulds.

Further inquiry note:
Manuel TAVERNE
POLYTEC GROUP
Investor Relations
Tel.+43(0)7221/701-292
[email protected]
end of announcement euro adhoc
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issuer:      Polytec Holding AG
             Linzer Straße 50
             A-4063 Hörsching
phone:       +43 (0) 7221 / 701-0
FAX:         +43 (0) 7221 / 701-0
mail:        [email protected]
WWW:         www.polytec-group.com
sector:      Industrial Components
ISIN:        AT0000A00XX9
indexes:     ATX Prime

stockmarkets: official market: Wien
language: English

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