EANS-Adhoc: CHRIST WATER TECHNOLOGY AG / Remaining minority shareholders to receive Euro 2.10 per share

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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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25.06.2010

As previously made public on 23 February 2010, Eimco Water Technologies GmbH
("Eimco"), an indirect subsidiary of GLV Inc. ("GLV"; Ticker Symbols GLV.A,
GLV.B / TSX), as principal shareholder of CHRIST WATER TECHNOLOGY AG ("CWT") has
requested pursuant to the Gesellschafter-Ausschlussgesetz that the 9th Annual
General Meeting of CWT approve the transfer to Eimco as principal shareholder of
all shares held by the remaining shareholders. Eimco currently owns 92.60% of
the shares of CWT.

The Management Board of CWT and Eimco as principal shareholder of CWT have now
jointly fixed the appropriate compensation at Euro 2.10 per CWT share. The Board
of Directors and the management of Eimco have today issued a joint report
pursuant to the requirements of § 3 (1) of the Gesellschafter-Ausschlussgesetz.

The appropriateness of this compensation remains to be reviewed by the
Supervisory Board of CWT. A decision regarding the squeeze-out of the minority
shareholders will need to be taken at the 9th Annual General Meeting. This
Annual General Meeting will likely be held in July 2010.

The affected minority shareholders of CWT will receive the relevant compensation
for their shares in accordance with the applicable statutory rules after
registration of the squeeze-out with the companies register.

Further inquiry note:
Christ Water Technology AG
Mag. Harald Wegscheider
harald.wegscheider@christwater.com
Tel.: 06232/9011-1002
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:     office@christ-water.com
WWW:      www.christ-water.com
sector:   Biotechnology

ISIN: AT0000499157
indexes: WBI, Standard Market Continous
stockmarkets: official market: Wien
language: English

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