EANS-Adhoc: Miba Aktiengesellschaft / Miba AG expands Management Board

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
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announcement.
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01.02.2011

- Norbert Schrüfer will be appointed CEO of the new Miba division, New

Technologies Group as of February 1, 2011
 - F. Peter Mitterbauer, Jr., will take over the position of CEO of the Miba
   Friction Group and will move up to the Management Board of Miba AG
 - With the beginning of the 2011/12 business year, the Miba AG Management Board
   will consist of five persons

As of February 1, 2011, Norbert Schrüfer will be appointed CEO of Miba`s new

division, New Technologies Group. With the takeover of the Styrian
manufacturers of performance electronics components, EBG and DAU, Miba has
entered a new technology field and has established an additional division. The
New Technologies Group will be the center of excellence for the further
development of new technologies and business fields of Miba.

Concurrently, F. Peter Mitterbauer moves up to the Management Board of Miba AG.
He will become CEO of the Miba Friction Group. Born in 1975, he is the grandson
of company founder Franz Mitterbauer and has studied mechanical engineering and
economics in Vienna. Following several professional stations at an automotive
supplier and a producer of consumer goods, he accomplished an MBA program at
Insead Business School in Fontainebleau and Singapore. In 2006 he began to work
in the family company, where initially he was in charge of the creation and
development of the Asian market on behalf of Miba in China. In 2008, he
returned to Austria as Managing Director Sales & Marketing of the Miba Friction
Group.

With the beginning of the 2011/12 business year, the Miba AG Management Board
will consist of five persons. Peter Mitterbauer, Sr., will remain Chairman of
the Management Board and CFO. Wolfgang Litzlbauer will continue to represent
the Miba Bearing Group and the Coatings Division at the Board. Harald Neubert
is CEO of the Miba Sinter Group. Norbert Schrüfer represents the new division,
New Technologies Group, at the Board, and F. Peter Mitterbauer is the newly
appointed CEO of the Miba Friction Group.

end of ad-hoc-announcement
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The Miba Group

With headquarters in Laakirchen, Upper Austria, Miba is a strategic partner to
the international engine and automotive industry. Sintered components, engine
bearings and friction materials for motor vehicles, railways, ships, aircraft
and power stations are produced at 18 sites worldwide. As of September 2010,
power electronic components supplement Miba’s product portfolio. Miba products
make vehicles more efficient, safer and more environmentally friendly. Miba has
around 3,200 employees, over half of whom work at the Austrian sites in
Laakirchen, Vorchdorf and Roitham. In the 2009-10 business year, sales of the
listed company totaled 311.8 million euros with an operating result (EBIT) of
16.4 million euros.

Further inquiry note:
Mag. Eva Almhofer-Amering
Corporate Communications
Tel.: +43/7613/2541-1117
mailto: [email protected]

Investoren/Analysten
Mag. Hannes Moser
Vice President Corporate Finance
Tel.: +43/7613/2541-1138
mailto:[email protected]
end of announcement euro adhoc
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issuer:      Miba Aktiengesellschaft
             Dr.Mitterbauer-Straße 3
             A-4663 Laakirchen
phone:       07613/2541-0
FAX:         07613/2541-1010
mail:        [email protected]
WWW:         www.miba.com
sector:      Industrial Components
ISIN:        AT0000734835
indexes:     Standard Market Auction

stockmarkets: official market: Wien
language: English

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