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EANS-Adhoc: Balda AG extends supervisory board

ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.


Balda AG extends supervisory board

• Shareholders approve proposals of the Board of Directors by the clear majority of nearly 100 percent

• Supervisory board enlarged by three members to six members

• End to lawsuit filed because of negligent advice

• New orders for China and Malaysia

Bad Oeynhausen / Bielefeld, 25 May 2010 - At the 11th general annual meeting the shareholders of the specialist in plastics Balda consistently approved the proposals of the company´s board of directors by a clear majority despite critical voices from shareholders. At the annual meeting around 200 shareholders represented 40.082 percent of the total capital of Balda AG amounting to 54.147 million euros. By the clear majority of over 95 percent the shareholders of the company listed in the SDax segment of the Frankfurt Stock Exchange elected three further members into the supervisory board of the company on 25 May 2010 in Bielefeld. Chief financial officer Rainer Mohr reported on the end of the lawsuit filed because of negligent advice. At the end of last week Balda agreed on a consistent positive out-of-court settlement. With this step a lengthy litigation with the appeals process was avoided. Chief executive officer Michael Sienkiewicz pointed out the major order by a German company of electronic products for Balda Malaysia. The delivery would start in mid-July.

By amendment of the company´s statute the annual meeting enlarged the supervisory body of Balda AG from three to six members. Conditionally until the end of the annual meeting of 2012 the shareholders newly elected the following members to the supervisory board almost unanimously: Dr. Michael Naschke, lawyer and partner of the law firm van Aubel, Berlin. Furthermore, Yu-Sheng Kai, managing director of Time Asia Capital Resources Limited, Hong Kong, with residency in Taipei, Taiwan, and Chun-Chen Chen, chairman of TVM Corporation and Touch Video Monitor Corporation, Taipei, Taiwan.

In their board of directors´ report chief executive officer Michael Sienkiewicz in particular presented Balda´s new strategy with the three segments: plastic assemblies in China, electronic products in Malaysia and medical technology in Germany. Sienkiewicz showed optimism for 2010 and, especially, 2011. Chief financial officer Rainer Mohr particularly laid out the opportunities and risks of further growth of the Group.

end of ad-hoc-announcement ================================================================================ Company Profile Balda AG
The Balda Group develops and produces complete plastic assemblies, electronic products and products for the medical industry. The customers of Balda are leaders in business from the mobile, entertainment and electronic communications as well as pharmaceutical and medical technology markets.
The group has an international position with product sites in China, Malaysia and Germany. A subsidiary in the United States serves North American customers in product design and development. As part of a shareholding in a leading manufacturer of touch screens in China, Balda participates in the dynamic touch screen displays market.
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This ad hoc announcement includes “forward-looking statements” which are based on the current expectations of the management of Balda. They are subject to risks and uncertainty because they relate to events and depend on circumstances that will occur in the future, such as, for example, developments in the mobile communications industry, changes in technology and the ability to timely and successfully develop new products and various other factors. Balda does not undertake any obligation to update publicly or revise forward-looking statements except to the extent legally required.
This ad hoc announcement is not an offer of securities for sale or a solicitation of an offer to purchase securities in the United States or elsewhere. The shares in Balda AG (the "Shares") may not be offered or sold in the United States or to or for the account or benefit of U.S. persons (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act")) unless registered under the Securities Act or pursuant to an exemption from such registration. The Shares have not been and will not be registered under the Securities Act.

end of announcement euro adhoc

issuer: Balda AG Bergkirchener Str. 228 D-32549 Bad Oeynhausen phone: +49 (0) 5734 9 22-0 FAX: +49 (0) 5734 922-2747 mail: info@balda.de WWW: http://www.balda.de sector: Semiconductors & active components

ISIN: DE0005215107
indexes: CDAX, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin, Hamburg, Stuttgart, Düsseldorf, München
language: English

Rückfragen & Kontakt:

Clas Röhl
Tel.: +49 (0) 5734 922-2728