EANS-Adhoc: Polytec Holding AG / Andreas Jagl retires as board member of POLYTEC HOLDING AG

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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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12.10.2010

The supervisory board and Andreas Jagl, CMO of Polytec Holding AG, agreed the
mutual termination of his contract by October 31, 2010. The reason for Andreas
Jagl´s retirement was solely a private motive. The job offer of his former
employer (Johnson Controls) to take over a Global Vice President position gives
him a job perspective and challenge which he will accept.

The supervisory board and the CEO of Polytec Holding AG Friedrich Huemer agreed,
to put Alice Godderidge in charge of Polytec Groups sales activities. Godderidge
will be responsible as Director Corporate Sales and Marketing for the
operational and strategic sales management of all segments. She will report
directly to the COO Alfred Kollros.

Alice Godderidge can rely on eight years of sales-, marketing- and project
management experience within Polytec Group. Within the last four years she also
has been the assistant of the CMO. With her long lasting personal cooperation
with all considerable OEM´s, she can rely on her wide and strong network. This
allows her to continue the positive trend after a difficult year 2009 in
particular for the automotive industry also for Polytec Group.

Further inquiry note:
Manuel TAVERNE
POLYTEC GROUP
Investor Relations
Tel.+43(0)7221/701-292
[email protected]
end of announcement euro adhoc
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issuer:      Polytec Holding AG
             Linzer Straße 50
             A-4063 Hörsching
phone:       +43 (0) 7221 / 701-0
FAX:         +43 (0) 7221 / 701-0
mail:        [email protected]
WWW:         www.polytec-group.com
sector:      Industrial Components
ISIN:        AT0000A00XX9
indexes:     ATX Prime

stockmarkets: official market: Wien
language: English

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