EANS-Adhoc: RHI AG: Expansion of European raw material supply through acquisition and associated investment

--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------

11.05.2011

RHI signed a contract to acquire SMA Mineral Magnesia AS (SMA), Norway, today.
The purchase price amounts to NOK 100 million (about EUR 13 million); the
purchase contract contains a few conditions, which must be met prior to the
closing on or before 31 August 2011. SMA produces seawater-based magnesium
hydroxide, which can be processed to fused magnesia.

RHI will subsequently invest up to EUR 70 million in a fusing plant at the site
of SMA. Starting in the summer of 2012, RHI will produce up to 80,000 tonnes of
high-grade fused magnesia annually in Norway. With this project, RHI is making
an important step towards the execution of the raw material strategy and thereby
increasing its level of self sufficiency with magnesia based raw materials by
19%points to 61%.

Further inquiry note:
RHI AG
Investor Relations
Mag. Barbara Potisk-Eibensteiner
Tel: +43-1-50213-6123
Email: [email protected]
end of announcement euro adhoc
--------------------------------------------------------------------------------

issuer:      RHI AG
             Wienerbergstrasse 9
             A-1100 Wien
phone:       +43 (0)50213-6123
FAX:         +43 (0)50213-6130
mail:        [email protected]
WWW:         http://www.rhi-ag.com
sector:      Refractories
ISIN:        AT0000676903
indexes:     ATX Prime, ATX

stockmarkets: official market: Wien
language: English

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS - WWW.OTS.AT | OTB

print