Polytec Holding AG

Capital/Financing Update • Apr 30, 2009

keywords: Strategic management decisions/Company Information

EANS-Adhoc: Polytec Holding AG / Agreement in principle reached about POLYTEC after nightly marathon negotiations

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30.04.2009

After the acquisition of PEGUFORM GROUP, which was temporary financed by short term loans, POLYTEC Holding AG got into a financial disorder, as a repayment in time was uncertain. That circumstance was mainly caused by the immediately occurred financial crisis after the closing of the acquisition.

Objective of the following negotiations with involved banks (Raiffeisenlandesbank OÖ, Oberbank, Unicredit Bank Austria, Investkredit AG, BAWAG) was, to ensure the continuity of the Group without insolvency.

During intensive negotiations, an agreement without insolvency has been achieved, which requires the final approval of each board. This will happen within the next couple of days. Further information about the agreement and the further proceeding will be disclosed by POLYTEC Holding AG after the final approvals.

Further inquiry note: Manuel TAVERNE POLYTEC GROUP Investor Relations Tel.+43(0)7221/701-292 manuel.taverne@polytec-group.com

emitter:	Polytec Holding AG
	Linzer Straße 50
	A-4063 Hörsching
phone:	+43 (0) 7221 / 701-0
FAX:	+43 (0) 7221 / 701-0
mail:	investor.relations@polytec-group.com
WWW:	www.polytec-group.com
sector:	Industrial Components
ISIN:	AT0000A00XX9
indexes:	ATX Prime
	stockmarkets: official market: Wiener Börse AG
language:	English