Polytec Holding AG

Interim / Quarterly Report • Aug 6, 2014

HALF YEAR FINANCIAL REPORT 2014

POLYTEC GROUP KEY FIGURES 2014

EURO mill.	H1 2014	H1 2013	CHANGE
Sales	238.5	232.9	2.4%
EBITDA	16.7	17.2	-2.9%
EBITDA margin	7.0%	7.4%
EBIT	9.0	9.8	-8.2%
EBIT margin	3.8%	4.2%
Earnings after tax	6.9	7.6	-9.2%
Earnings per share (in EUR)	0.30	0.33	-9.1%
Capital expenditures	10.1	7.2	40.3%
Equity ratio	50.5%	50.4%
Net Working Capital	53.3	60.0	-11.2%
Capital employed	139.8	141.4	-1.1%
Net financial debt	5.2	-0.1
Employees - End of period (FTE)	3,520	3,549	-0.8%

EURO mill.	Q3 2013	Q4 2013	Q1 2014	Q2 2014
Sales	116.1	127.6	117.9	120.6
EBITDA	8.6	10.6	8.2	8.5
EBITDA margin	7.4%	8.3%	7.0%	7.1%
EBIT	4.8	6.7	4.3	4.7
Restructuring costs	1.2	-	-	-
EBIT after restructuring costs	3.6	6.7	4.3	4.7
EBIT margin	4.1%	5.3%	3.6%	3.9%
Earnings after tax	2.4	5.0	3.2	3.8
Earnings per share (in EUR)	0.10	0.22	0.13	0.16
Capital expenditures	5.4	4.4	3.7	6.4
Equity ratio	49.7%	50.2%	49.7%	50.5%
Net Working capital	60.5	49.3	60.0	53.3
Capital employed	143.7	135.9	147.0	139.8
Net financial debt (+)/-cash (-)	-0.1	-11.6	-3.8	-5.2
Employees - End of period (FTE)	3,569	3,504	3,503	3,520

GROUP SALES BY CUSTOMERS

SALES & EBIT MARGIN

"We are a moving company for a moving market. But we are also deeply rooted in a tradition of values and responsibilities towards our customers, our employees as wellwell as our business partners and shareholders."

FRIEDRICH HUEMER, CEO POLYTEC GROUP

The POLYTEC GROUP is worldwide succesful as a leading developer and manufacturer of high-quality plastic parts. For over two decades, the company has offered its customers in-depth expertise and hands-on experience as a full-service provider in the area of injection molding, as a specialist in ber-reinforced plastic components, as a manufacturer of original accessory parts made from plastic and as a leading developer of tailor-made industrial solutions made of polyurethane. Innovative applications coupled with the ability to leverage the wide range of inhouse R&D capacities and competences take center stage at POLYTEC. POLYTEC counts the world-renowned brands of the automotive industry among its customers but is also increasingly supplying markets outside of this sector. In both the automotive and non-automotive areas, the company's most important criteria for success encompass state-of-the-art technologies, top quality, absolute delivery reliability and competitive pricing.

OVERVIEW KEY FIGURES	2
GROUP MANAGEMENT REPORT	8
ECONOMIC FRAMEWORK CONDITIONS	9
GROUP RESULTS	9
CROSS SEGMENT DATA	10
EMPLOYEES	10
CAPITAL EXPENDITURES AND KEY FINANCIAL FIGURES	11
OUTLOOK	11

16 INTERIM CONSOLITATED FINANCIAL STATEMENT ACCORDING TO IAS 34
17 CONSOLITATED INCOME STATEMENT
17 CONSOLITATED STATEMENT OF COMPREHENSIVE INCOME
18 CONSOLITATED BALANCE SHEET
19 CONSOLITATED CASH FLOW STATEMENT
19 CONSOLITATED STATEMENT OF CHANGES IN EQUITY
20 SEGMENT REPORTING - SELECTED EXPLANATORY NOTES

SHARE AND INVESTOR RELATIONS

POLYTEC GROUP

GROUP MANAGEMENT REPORT

ECONOMIC FRAMEWORK CONDITIONS

All three largest automotive markets – Western Europe, the USA and China – expanded significantly in the first half-year 2014. The whole Western European passenger car market increased by 5% to 6.4 million units. New car registrations in the new EU Member States exceeded the previous year's level by 17%. In the USA, passenger cars sales rose by almost 4%. In China, the passenger car market grew by 14.5%, whereas in Brazil, India and Russia, new car sales were below the previous year's level in the first half-year 2014. In the period under review, global demand for mid-sized and heavy trucks with a gross weight of more than six tons was significantly above the pervious year's level, increasing by 5.7% to 105,405 units. In Germany, Western Europe's largest market. sales rose considerably by 19.4% year-on-year. Significant growth, in particular in Germany and Spain (41.4%), compensated for the decline in demand, amongst others in France (-6.7%) and UK (-26.5%).

EURO mill.	Q2 2014	Q2 2013	CHANGE	H1 2014	H1 2013	CHANGE
Sales	120.6	122.0	-1.1%	238.5	232.9	2.4%
EBITDA	8.5	9.5	-10.5%	16.7	17.2	-2.9%
EBIT	4.7	5.7	-17.5%	9.0	9.8	-8.2%
Earnings after tax	3.8	4.5	-15.6%	6.9	7.6	-9.2%
EBITDA margin	7.1%	7.8%		7.0%	7.4%
EBIT margin	3.9%	4.7%		3.8%	4.2%
Earnings per share	0.16	0.20	-20.0%	0.30	0.33	-9.1%

GROUP RESULTS

POYLTEC GROUP's total sales increased by 2.4% to EUR 238.5 million in the first half 2014. Sales in the passenger car business segment rose by 9.8% to EUR 156.4 million. All POLYTEC GROUP's relevant customers for series production – VW Car, BMW Group as well as DAIMLER Car – contributed to this increase. In the commercial vehicle area, sales dropped by 10.6% to EUR 59.0 million mainly due a reduction of call-off orders by DAIMLER Truck. In the case of this customer, a decline in sales of 40% was registered in the period under review due to a partial model change (EURO 5 / EURO 6), which requires a considerably lower amount of components supplied by the POLYTEC GROUP, as explained in the interim report for the first quarter 2014. Group EBIT decreased by 8.2% to EUR 9.0 million in the first half 2014. Both the materials and personnel ratios remained at the previous year's level. However, including costs for leased staff, which are shown in other operating expenses, the personnel ratio increased by 0.8 percentage points in the first half of the year. EBIT margin amounted to 3.8% in the first half 2014 (H1 2013: 4.2%). This deterioration in results is mainly attributable to low levels of productivity in single production plants as well as to an increase in other operating expenses as a result of the afore-mentioned intensified use of leased staff along with considerably higher maintenance expenses.

The tax ratio of the POLYTEC GROUP amounted to 19.2% at the end of the period under review. This corresponds to an increase of 1. 2 percentage points compared to the previous year. The tax ratio for the full year 2013 was 21.5%. All in all, the POLYTEC GROUP reported a net result of EUR 6.9 million in the first half 2014. This corresponds to earnings per share of EUR 0.30.

CROSS SEGEMENT DATA

SALES BY MARKET SEGMENT

EURO mill.	Q2 2014	Share in %	Q2 2013	H1 2014	Share in %	H1 2013
Passenger cars	80.0	66.3%	74.6	156.4	65.6%	142.5
Commercial vehycles	29.9	24.8%	35.1	59.0	24.7%	66.0
Non-automotive	10.6	8.8%	12.2	23.0	9.6%	24.4
Group	120.6	100.0%	122.0	238.5	100.0%	232.9

SALES BY CATEGORY

EURO mill.	Q2 2014	Share in %	Q2 2013	H1 2014	Share in %	H1 2013
Part sales and other sales	104.3	86.4%	108.0	208.9	87.5%	209.9
Tooling- and engineering sales	16.3	13.6%	14.0	29.6	12.5%	23.0
Group	120.6	100.0%	122.0	238.5	100.0%	232.9

SALES BY REGION

EURO mill.	Q2 2014	Share in %	Q2 2013	H1 2014	Share in %	H1 2013
AUSTRIA	3.8	3.2%	4.1	7.0	2.9%	8.0
GERMANY	74.6	61.9%	75.0	145.0	60.8%	143.0
OTHER EU	34.8	28.8%	34.1	71.4	29.9%	64.8
REST OF THE WORLD	7.4	6.1%	8.8	15.1	6.3%	17.1
GROUP	120.6	100.0%	122.0	238.5	100.0%	232.9

EMPLOYEES

FTE	End of period			Average of period
	30.06.2014	30.06.2013	Change	H1 2014	H1 2013	Change
AUSTRIA	549	546	3	540	557	-17
GERMANY	2,307	2,264	43	2,273	2,204	69
OTHER EU	507	570	-63	514	594	-80
REST OF THE WORLD	157	169	12	162	166	-4
GROUP	3,520	3,549	-29	3,489	3,521	-32

POLYTEC GROUP's total headcount (including leased staff) decreased by 29 employees in the first half 2014 compared to the same period in 2013. As of June 30, 2014 the number of leased staff remained almost unchanged at a level of 266 FTE compared to the previous year. The number of fixed-term employees registered a slight decrease of 30 FTE in the period under review. Compared to the balance sheet date as of December 31, 2013 the number of leased staff rose by 17 FTE to a total of 266 FTE. As of June 30, 2014 leased staff accounted for 7.6% of total headcount.

CAPITAL EXPENDITURES AND KEY FINANCIAL FIGURES

CAPITAL EXPENDITURES

EURO mill.	Q2 2014	Q2 2013	Change	H1 2014	H1 2013	Change
Capital Expenditures	6.4	4.3	48.8%	10.1	7.2	40.3%

In the first half 2014, capital expenditures increased by 40.3% to EUR 10.1 million compared to the same period of the previous year. Additions to fixed assets increased by EUR 2.4 million to EUR 11.7 million in the period under review. The resulting difference of EUR 1.6 million between fixed asset additions and capital expenditures is to be attributed to lease financing of injection molding equipment.

KEY FINANCIAL FIGURES

	June 30,2013	Dec. 31,2012	Change
Shareholders equity (in EUR mill.)	138.3	137.2
Equity ratio	50.5%	50.2%
Net working capital (in EUR mill.)	53.3	49.3
Net working capital in % of sales	11.0%	10.4%
Net debt (+) /- cash (-) (in EUR mill.)	5.2	11.6
Net debt (+) /- cash (-) to EBITDA	-0.14	-0.32
Gearing	-0.04	-0.08

Capital Employeed (in EUR mill.) 139.8 132.0

At the end of the first half 2014, the balance sheet total rose slightly by EUR 0.7 million to EUR 273.8 million. The equity ratio increased by 0.3 percentage points to 50.5% compared to the balance sheet date as of December 31, 2013. Dividend payments totaling EUR 6.1 million in the second quarter of the year led to a reduction of the equity capital.

The company's treasury shares, acquired within the framework of a share buy-back program, remained unchanged at EUR 1.7 million or 310,541 shares compared to the balance sheet date as of December 31, 2013.

Net financial assets decreased by EUR 6.4 million to EUR 5.2 million compared to the balance sheet date as of December 31, 2013 due to the dividend payments made by the company as well as to capital expenditures.

The net working capital increased by EUR 4.0 million compared to the balance sheet date as of December 31, 2013 due to a decrease in trade accounts payable and income tax liabilities.

Interest-bearing receivables shown in current assets rose by EUR 0.3 million to EUR 12.2 million compared to year-end 2013 due to interests due thereon.

OUTLOOK

For the full year 2014, the POLYTEC GROUP's management expects a stable operating performance. Group sales and the operating result are expected to match the level in 2013. For the coming years, POLY-TEC GROUP expects sales growth mainly driven by organic expansion in the injection molding area based on the production of complex engine and engine compartment components. This should also lead to an improvement of the overall results' quality.

POLYTEC GROUP

SHARE AND INVESTOR RELATIONS

CONTACT

Manuel Taverne POLYTEC GROUP Investor Relations 4063 Hörsching, Polytec Strasse 1 Phone +43-7221-701-292 investor.relations@polytec-group.com www.polytec-group.com/investor

POLYTEC SHARE PRICE PERFORMANCE

TRADING VOLUME

In the first half 2014, average trading volume (double counting) of POLYTEC shares amounted to 52,950 shares per day. Compared to the same period of the previous year, this corresponds to a decline of roughly 12%.

	Unit	H1 2014	Change in %	H1 2013	H1 2012
Share price as of end of the period	EUR	8.02	33.2%	6.02	6.02
Share price high	EUR	8.54	17.8%	7.25	7.46
Share price low	EUR	6.80	14.5%	5.94	5.63
Market capitalization	Mill. EUR	179.1	33.2%	134.4	134.4
Earnings per share	EUR	0.30	-9.1%	0.33	0.53
Number of shares issued		22,329,585		22,329,585	22,329,585
Number of shares in circulation		22,019,044	98.6%	22,055,044	22,329,585
Treasury shares		310,541	1.4%	279,541	-

KEY SHARE FIGURES

SHARE BUYBACKS

On August 8, 2012 the Board of Directors of POLYTEC Holding AG announced its intention to exercise the authorization granted by the 12th Annual General Meeting and to start buying back own shares beginning with August 14, 2012. This authorization will end on October 14, 2014.

Until March 31, 2014 a total of 310,541 own shares were bought back at an average price of EUR 5.50, which corresponds to a proportion of POLYTEC Holding AG share capital of 1.4%.

A more detailed description of the share buybacks carried out to date can be found under Investor Relations at www.polytec-group.com

SHAREHOLDER STRUCTURE

As of June 30, 2014 POLYTEC Holding AG's share capital amounted to EUR 22.3 million and was divided into 22,329,585 bearer shares with a nominal value of EUR 1.00 each.

In the period under review between January 1 and June 30, 2014, no notifications of voting rights pursuant to Sec. 91 of the Austrian Stock Exchange Act were received by POLYTEC Holding AG.

INFORMATION ABOUT POLYTEC SHARE

ISIN	AT00000A00XX9
Ticker symbol
Vienna Stock Exchange	PYT
Bloomberg	PYT.AV
Reuters	POLV.VI
Stock exchange:	Vienna Stock Exchange, Prime Market
Type of shares	no par value ordinary bearer shares
Number of shares issued	22,329,585
Authorized capital	EUR 6.7 million
Other stock exchanges	none
Indices	ATX Prime, WBI

POLYTEC GROUP

INTERIM CONSOLITATED FINANCIAL STATEMENT ACCORDING TO IAS 34

CONSOLITATED INCOME STATEMENT

		H1	Q2
in TEUR	2014	2013	2014	2013
Net Sales	238,459	232,909	120,550	122,020
Other operating income	4,096	3,028	2,039	1,497
Changes in inventory of finished and unfinished goods	44	-588	-594	-2,065
Own work capitalised	1,411	1,383	810	623
Expenses for materials and services received	-119,578	-117,315	-60,407	-60,390
Personnel expenses	-77,683	-75,304	-38,625	-38,046
Other operating expenses	-30,030	-26,892	-15,272	-14,150
Deconsolidation gain	0	0	0	0
Earnings before interest, taxes, depreciation and amortisation (EBITDA)	16,719	17,221	8,502	9,490
Depreciation	-7,687	-7,402	-3,781	-3,783
Earnings before interest, taxes, depreciation and amorisation of goodwill (EBITA)	9,032	9,819	4,721	5,707
Amorisation of goodwill	0	0	0	0
Earnings before interest and taxes (EBIT)	9,032	9,819	4,721	5,707
Income from associated companies	85	24	85	0
Financial expenses	-568	-541	-312	-255
Other financial results	0	0	0	0
Financial result	-482	-517	-226	-255
Earnings before tax	8,550	9,302	4,495	5,452
Taxes on income	-1,642	-1,677	-742	-988
Profit after tax	6,908	7,624	3,753	4,464
Thereof result of non controlling interests	-355	-335	-165	-121
Thereof result of the parent company	6,553	7,290	3,588	4,343
Earnings per share	0.30	0.33	0.16	0.20

CONSOLITATED STATEMENT OF COMPREHENSIVE INCOME

1.1 - 30.6.2014 (in TEUR)	GROUP	Non controlling interests	Total
Profit after tax	6,553	355	6,908
Currency translation	321	0	321
Total comprehensive income	6,874	355	7,229

1.1 - 30.6.2013 (in TEUR)	GROUP	Non controlling interests	Total
Profit after tax	7,290	335	7,624
Currency translation	-558	-25	-583
Total comprehensive income	6,731	310	7,042

CONSOLITATED BALANCE SHEET

Assets (in TEUR)	June 30, 2014	Dec. 31, 2013
NON CURRENT ASSETS
Intangible assets	817	717
Goodwill	19,180	19,180
Tangible assets	69,946	66,124
Investments in affiliated companies	135	135
Investments in associated companies	31	31
Other finacial assets	598	598
Other non-current receivables	387	588
Interest bearing receivables	760	0
Deferred tax assets	10,957	10,798
	102,810	98,171

CURRENT ASSETS
Inventories	42,036	39,994
Trade accounts receivable and other receivables and assets	55,100	53,908
Receivables from construction contracts	31,738	34,765
Interest bearing receivables	12,310	12,065
Cash and cash equivalents	29,823	34,174
	171,006	174,906
	273,816	273,077

Equity and liabilities (in TEUR)	June 30, 2014	Dec. 31, 2013
SHAREHOLDERS EQUITY
Share capital	22,330	22,330
Capital reserves	37,563	37,563
Treasury shares	-1,709	-1,709
Non controlling interests	5,283	5,528
Retained earnings	78,991	77,943
Other reserves	-4,185	-4,506
	138,274	137,150

LONG-TERM LIABILITIES
Interest-bearing liabilities	11,769	13,295
Provision for deferred taxes	344	354
Long-term provisions for personnel	21,835	21,649
Other long-term liabilities	0	0
	33,947	35,298

SHORT-TERM LIABILITIES
Trade accounts payable	36,181	39,773
Liabilities from construction contracts	2,082	2,704
Short-term interest-bearing liabilities	20,219	13,708
Short-term portion of long-term loans	5,765	7,591
Liabilities on income taxes	1,270	3,574
Short-term provisions	19,080	18,974
Other short-term liabilities	16,999	14,305
	101,594	100,629
	273,816	273,077

CONSOLITATED CASH FLOW STATEMENT

	in TEUR	1.1. - 30.6.2014	1.1. - 30.6.2013
	Earnings before tax	8.550	9,302
-	Income taxes	-4,114	-1,167
+(-)	Depreciation (appreciation) of fixed assets	7,687	7,402
+(-)	Other non-cash expenses/ income	186	244
=	Consolidated financial Cash flow	12,309	15,780
+(-)	Changes in net working capital	-1,622	-12,881
=	Cash flow from operating activities	10,687	2,899
+(-)	Cash flow from investing activities	-10,819	-6,747
+(-)	Cash flow from financing activities	-4,282	-13,122
=	Changes in cash and cash equivalents	-4,414	-16,970
+(-)	Influence from currency translations	63	-118
+	Opening balance of cash and cash equivalents	34,174	37,941
=	Closing balance of cash and cash equivalents	29,823	20,853

CONSOLITATED STATEMENT OF CHANGES IN EQUITY

in TEUR		Share capital Capital reserves	Treasury shares	Retained earnings	Other reserves	Equity attributable to Shareholders of the parent	Non controlling interests	Total
Balance as of January 1, 2014	22,330	37,563	-1,709	77,943	-4,506	131,622	5,528	137,150
Earnings after tax according to income statement	0	0	0	6,553	0	6,553	355	6,908
Other results after tax	0	0	0	0	321	321	0	321
Dividend	0	0	0	-5,505	0	-5,505	-600	-6,105
Treasury shares	0	0	0	0	0	0	0	0
Balance as of June 30, 2014	22,330	37,563	-1,709	78,991	-4,185	132,991	5,283	138,274

in TEUR		Share capital Capital reserves	Treasury shares	Retained earnings	Other reserves	Equity attributable to Shareholders of the parent	Non controlling interests	Total
Balance as of January 1, 2013 1)	22,330	37,563	-1,396	71,342	-2,795	127,045	5,249	132,293
Earnings after tax according to income statement	0	0	0	7,290	0	7,290	335	7,624
Other results after tax	0	0	0	0	-558	-558	-25	-583
Purchase of non-controlling interests	0	0	0	7	0	7	-386	-379
Dividend	0	0	0	-7,725	0	-7,725	0	-7,725
Treasury shares	0	0	-128	0	0	-128	0	-128
Balance as of June 30, 2013	22,330	37,563	-1,524	70,914	-3,353	125,930	5,172	131,103

SEGMENT REPORTING

	PLASTICS PROCESSING		OTHERS		TRANSITION		GROUP
in TEUR	H1 2014	H1 2013	H1 2014	H1 2013	H1 2014	H1 2013	H1 2014	H1 2013
External sales	233,622	228,819	4,837	4,090	0	0	238,459	232,909
Intra group sales	140	114	5,708	5,667	-5,848	-5,781	0	0
Total sales	233,762	228,933	10,546	9,757	-5,848	-5,781	238,459	232,909
Depreciation	-7,480	-7,149	-208	-253	0	0	-7,687	-7,402
thereof extraordinary	0	0	0	0	0	0	0	0
Operating income	7,372	7,826	1,661	1,993	0	0	9,032	9,819

		PLASTICS PROCESSING	OTHERS		TRANSITION		GROUP
in TEUR	Q2 2014	Q2 2013	Q2 2014	Q2 2013	Q2 2014	Q2 2013	Q2 2014	Q2 2013
External sales	118,012	120,079	2,539	1,941	0	0	120,550	122,020
Intra group sales	111	8	2,866	2,846	-2,977	-2,854	0	0
Total sales	117,901	120,071	-327	-905	-2,977	-2,854	120,550	122,020
Depreciation	-3,676	-3,655	-105	-128	0	0	-3,781	-3,783
thereof extraordinary	0	0	0	0	0	0	0	0
Operating income	3,840	5,098	880	609	1	0	4,721	5,707

SELECTED EXPLANATORY NOTES

GENERAL INFORMATION

POLYTEC Holding AG (listed in the Commercial Registry of the City of Linz under the number FN 197646 g) is an Austrian holding company, which together with its subsidiaries is mainly operating in the automotive and plastics industry.

ACCOUNTING AND EVALUATION METHODS

This interim report as of June 30, 2014 was compiled pursuant to the legal provisions of International Financial Reporting Standards (IFRS), and more specifically, in conformity with IAS 34 (interim reports). The same accounting and evaluation methods adopted on December 31, 2013 were applied to this report. This interim report does not include all information and data contained in the consolidated financial statements as of December 31, 2013 of POLYTEC Holding AG. Please refer to the consolidated financial statements for more information.

BASIS OF CONSOLIDATION

The consolidated financial statements include all relevant domestic and foreign companies, of which POLYTEC Holding AG directly or indirectly holds the majority of voting rights. Compared to December 31, 2013 the basis of consolidation has remained unchanged.

FIXED ASSETS

In the period under review between January 1 and June 30, 2014 POLYTEC GROUP acquired fixed assets for a total consideration of TEUR 11,469. In the same period, total fixed assets with a book value of TEUR 448 were sold.

EQUITY

At the Annual General Meeting held on May 14, 2014 a resolution was passed approving dividend payments totaling TEUR 5,505 (previous year: TEUR 7,725), which were distributed on May 23, 2014. This corresponds to a dividend of EUR 0.25 per share (previous year: EUR 0.35).

The number of shares in circulation developed as follows:

	Shares	Treasury shares	Shares in circulation
Dec. 31,2012	22,329,585	-258,041	22,071,544
Purchase of treasury shares	0	-52,500	-52,500
Dec. 31, 2013	22,329,585	-310,541	22,019,044
Purchase of treasury shares	0	0	0
June 30, 2014	22,329,585	-310,541	22,019,044

RELATED PARTIES

With regard to business transactions with related parties, no relevant changes were reported compared to December 31, 2013. Please refer to the explanations in the consolidated financial statements of the POLYTEC Holding AG as of December 31, 2013 for more information.

BUSINESS SEASONALITY

The quarterly reporting of POLYTEC GROUP's sales throughout one financial year strictly correlates to the car manufacturing operations of the Group's customers. For this reason, quarters in which customers normally close for works holidays generally have lower rates of sales turnover than quarters without such effects. In addition to this, sales from one quarter can also be influenced by the billing of large tool or development projects.

EVENTS AFTER THE BALANCE SHEET DATE

No significant events took place after the balance sheet date as of June 30, 2014.

DECLARATION BY THE LEGAL REPRESENTATIVES

The Board of Directors declares that the present condensed interim report and the Group Management Report for the first half year 2014, which were prepared in accordance with the applying International Financial Reporting Standards (IFRS) provide a true and fair view of the asset, financial and earnings situation of the POLYTEC GROUP with regard to the main events of the first six months of the business year under review and their impact on the condensed financial statements for the first half year. This interim report has not been subject to an audit or a review.

Hörsching, August 6, 2014

Friedrich Huemer Alice Godderidge Markus Huemer

Chairman Member Member

Peter Haidenek Alfred Kollros Member Member

IMPRINT

Owner and Publisher: POLYTEC HOLDING AG. Polytec-Straße 1. 4063 Hörsching (AUSTRIA). www.polytec-group.com. FN 197646g Resposible for Contents: Manuel Taverne. Phone +43-7221-701-292. Fax +43-7221-701-38. E-Mail: investor.relations@polytec-group.com Concept, Layout, Graphics/ Typesetting: Julia Worsch, Polytec Group Photos: POLYTEC GROUP©