euro adhoc: RHI AG / Strategic management decisions / RHI AG initiates selling process for the Heraklith Group (E)

Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.

20.09.2005

RHI has decided to initiate the sale of its Insulating division with the lead company Heraklith AG. An IPO, the alternative option to the further strategic development of this division, will not be pursued any further due to the high number of potential buyers who have shown serious interest.

RHI will now ask several potential buyers to place their bids and, following the preparation of a short list in October 2005, enable selected investors who can strengthen Heraklith in its strategic development in Central and Eastern Europe, especially in Russia, to perform a comprehensive due diligence analysis.

The completion of the transaction (closing) is scheduled for the first quarter of 2006, following the preparation of Heraklith’s financial statements 2005.

Further inquiry note:
RHI AG
Investor Relations
Dkfm. Markus Richter
Tel: +43-1-50213-6123
Email: markus.richter@rhi-ag.com

end of announcement euro adhoc

emitter: RHI AG
Wienerbergstrasse 11
A-1100 Wien
phone: +43 0 50213-0
FAX: +43 0 50213-6213
mail: rhi@rhi-ag.com
WWW: http://www.rhi-ag.com
ISIN: AT0000676903
indexes:
stockmarkets:
sector: Refractories
language: English

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