DGAP-Adhoc: Kolbenschmidt Pierburg AG:Further terms fixed for sq...

Kolbenschmidt Pierburg AG / Squeeze Out 27.04.2007 Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. =-------------------------------------------------------------------------- Further terms fixed for squeeze-out and P&L transfer agreement Kolbenschmidt Pierburg AG's controlling stockholder, Berlin-based Rheinmetall Berlin Verwaltungsgesellschaft mbH, today informed Kolbenschmidt Pierburg AG's Executive Board that, in accordance with Art. 327a German Stock Corporation Act ('AktG'), it has fixed the cash compensation for the transfer to Rheinmetall Berlin Verwaltungsgesellschaft mbH as controlling stockholder of the shares owned by minority stockholders (so-called squeeze-out) at EUR 36,76 per no-par share of Kolbenschmidt Pierburg stock. Further, the Management Board of Rheinmetall Verwaltungsgesellschaft mbH, Düsseldorf, has today agreed with Kolbenschmidt Pierburg AG's Executive Board on the terms of a profit & loss transfer agreement to be executed very soon by and between the parties. For Kolbenschmidt Pierburg AG's minority stockholders, a cash compensation of EUR 36,76 and a gross annual indemnity before corporate income tax of EUR 1,62 ( net after corporate income tax EUR 1,35 ) per no-par share will be paid in settlement under the terms of Arts. 305 and 304 AktG, respectively. These payment obligations will additionally be collateralized by a letter of comfort issuable by Rheinmetall AG, Düsseldorf. The general meeting of Rheinmetall Verwaltungsgesellschaft mbH has today consented to an execution of the agreement, however, which is still subject to approval from Kolbenschmidt Pierburg AG's Supervisory Board. The P&L transfer agreement and the squeeze-out require approval by Kolbenschmidt Pierburg AG's general meeting. The approving resolution is scheduled to be passed at an extraordinary general meeting to be held on June 26, 2007. Kolbenschmidt Pierburg AG's Supervisory Board will decide on an approval of the execution of the P&L transfer agreement at its May 3, 2007 meeting. Neckarsulm, April 27, 2007 Kolbenschmidt Pierburg AG The Executive Board Kolbenschmidt Pierburg AG Folke Heyer, Alfred-Pierburg-Str. 1, 41460 Neuss, Germany, phone (+49-2131) 520-3010 ISIN: DE0007037905 German SIN: 703790 Traded at: Berlin-Bremen (OTC), Düsseldorf (Official Market), Frankfurt (Official Market/General Standard), Hamburg (OTC), Hannover (OTC), Stuttgart (Official Market). DGAP 27.04.2007 =-------------------------------------------------------------------------- Language: English Issuer: Kolbenschmidt Pierburg AG Karl-Schmidt-Straße 74172 Neckarsulm Deutschland Phone: +49 (0)2131 520-3010 Fax: +49 (0)2131 520-2014 E-mail: folke.heyer@kolbenschmidt-pierburg.com www: www.kspg-ag.com ISIN: DE0007037905 WKN: 703790 Indices: Listed: Amtlicher Markt in Frankfurt (General Standard), Düsseldorf, Stuttgart; Freiverkehr in Berlin-Bremen, Hannover, Hamburg End of News DGAP News-Service =-------------------------------------------------------------------------- (END) Dow Jones Newswires

   April 27, 2007 07:34 ET (11:34 GMT)- - 07 34 AM EDT 04-27-07