EANS-Adhoc: CHRIST WATER TECHNOLOGY AG / GLV Completes the Acquisition of 80.5% of Christ Water Technology AG´s Voting Shares / Shareholder disclosure / Notification of bondholders of CHRIST

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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01.12.2009

The management board of Christ Water Technology AG ("CWT") and the management of
GLV Inc. ("GLV" or the "Company"; ticker symbols GLV.A, GLV.B / TSX) are pleased
to announce the closing of the take-over, by GLV's indirect subsidiary Eimco
Water Technologies GmbH, of 80.5% of the shares of CWT tendered by CWT
shareholders into GLV´s voluntary takeover bid during the tender period ended
November 17, 2009.

With notification of November 30, 2009, Eimco Water Technologies GmbH disclosed
that on November 27, 2009, GLV indirectly held 16,320,268 shares of Christ Water
Technology AG representing 83.08% of the voting rights.

CWT shareholders who have not yet tendered their shares are reminded that they
may do so during the three months following the tender period for a cash
consideration of EUR3.35 per share pursuant to the same terms as set forth in
GLV´s voluntary takeover bid. GLV aims to acquire 100% of CWT´s shares.

Furthermore, considering the change of control triggered by the closing of the
take-over, CWT bondholders have a right, at their discretion, to demand
repayment of their bonds at their nominal value plus accrued interest pursuant
to the bond terms. However, the termination of the bonds under this provision is
only valid if termination notices representing at least 15% of the total nominal
value of the outstanding bonds are received by the payment agent from
bondholders within 30 days subsequently to the closing of the take-over as
announced today.

All notices of bondholders to the payment agent or the issuer especially
regarding the termination of the bonds have to be executed in writing in German
language and sent to the payment agent by registered mail according to paragraph
8 section 3 bond terms. In addition, the notice has to include evidence of
ownership at the time of notification. The evidence may be given by a
certification of the depository or any other appropriate way. The payment agent
is UniCredit Bank Austria AG, Abt 8811 Zahlstellendienst, Julius Tandler-Platz
3, A-1090 Vienna, Austria.

Further inquiry note:
Christ Water Technology AG
Mag. Ralf Burchert
[email protected]
Tel.: 06232/5011-1113
end of announcement euro adhoc
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issuer:   CHRIST WATER TECHNOLOGY AG
          Walter-Simmer-Straße 4
          A-5310 Mondsee
phone:    +43/6232/5011-1001
FAX:      +43/6232/5011-1109
mail:     [email protected]
WWW:      www.christ-water.com
sector:   Biotechnology
ISIN:     AT0000499157
indexes:  WBI, ATX Prime

stockmarkets: official market: Wien
language: English

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