EANS-News: BAUER Aktiengesellschaft / BAUER Group wins contract to execute foundation works for Laktha Tower in St. Petersburg

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Company Information/Contracts

The Russian subsidiary of BAUER
Spezialtiefbau GmbH was awarded the contract to execute the foundation works for the Lakhta Tower recently. The building will be constructed on the Baltic coast, in the Laktha district of the city of St. Petersburg. With a height of 460 metres, it will be the tallest building in Europe.

The foundation works involve sinking around 260 bored piles down to a depth of around 85 metres, with diameters of up to two metres. Two BG 40 and two BG 28 state-of-the-art Bauer drilling rigs will be used for this purpose.

"We are pleased to be carrying out the foundation works for what will be the tallest building in Europe," said Prof. Thomas Bauer, Chairman of the Management Board of BAUER AG. "Russia is a very dynamic market and we benefit from our long-term presence there time and again. It is wonderful to be involved in such an exceptional project."

The work is set to begin in December and is expected to last until the end of June 2013.

The Lakhta Tower is already the third major contract that the BAUER Group has managed to secure in recent weeks: besides the new project in St. Petersburg, foundation works for part of the Hong Kong-Zhuhai-Macau Bridge (around EUR 65 million) and the Kingdom Tower in Saudi Arabia (around EUR 25 million) have led to a further rise in orders in hand for the Construction segment.

About Bauer

Bauer is a provider of services, machinery and products for ground and groundwater. The Group markets its products and services all over the world. Its global spread allows it to remain largely unaffected by fluctuating business cycles.

Its business is divided into three segments: Construction, Equipment and Resources. The Construction segment carries out specialist foundation engineering work for complex excavation pits and foundations on major infrastructure and building projects all over the world, installing cut-off walls and carrying out ground improvement works as well as providing related project development services. Bauer's Equipment segment, a world market leader, offers a comprehensive range of construction machinery, equipment and tools for the specialist foundation engineering sector as well as for other underground drilling operations, such as for mines, water wells, geothermal energy sources, and oil and gas extraction. The Resources segment pools the Group's activities in the fields of water, energy, mineral resources and environmental technology.

Bauer profits greatly from the collaboration between its three separate segments, enabling the Group to position itself as an innovative, highly specialized provider of complete solutions and services for demanding projects on the specialist foundation engineering and related markets.

Founded in 1790, Bauer today generates around three quarters of its total revenues outside of Germany. Employing some 9,700 people, the Group's total revenues in 2011 were approximately EUR 1.4 billion (previous year: EUR 1.3 billion). BAUER Aktiengesellschaft has been listed on the official market of the Frankfurt Stock Exchange since July 4, 2006 (Prime Standard, ISIN DE0005168108).

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end of announcement euro adhoc

company: BAUER Aktiengesellschaft BAUER-Straße 1 D-86529 Schrobenhausen phone: +49 (0)8252-97-1797 FAX: +49 (0)8252-97-2900 mail: investor.relations@bauer.de WWW: http://www.bauer.de sector: Construction & Property ISIN: DE0005168108 indexes: SDAX, CDAX, Classic All Share, Prime All Share

stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart, regulated dealing/prime standard: Frankfurt
language: English

Digital press kit: http://www.ots.at/pressemappe/EASY_62059/aom

Rückfragen & Kontakt:

Christopher Wolf
Investor Relations
Tel.: +49 8252 97 1797
E-Mail: christopher.wolf@bauer.de

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