Muehlhan AG

Regulatory Filings • May 12, 2010

News Details

Corporate | 12 May 2010 08:12

Muehlhan AG: Contract for new German Navy vessel

Muehlhan AG / Contract/Miscellaneous

12.05.2010 08:12

Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.

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PRESS RELEASE

Muehlhan awarded contract for new German Navy shipbuilding project
* Surface protection for supply ship
* Scope of work approx. 200,000 m2
* Completion: End of 2012

Hamburg, 12 May 2010 - The Muehlhan Group (Entry Standard; ISIN
DE000A0KD0F7) has been awarded a new contract in the specialty shipbuilding
sector. The company will soon start providing surface protection services
for the German Navy's supply ship BONN. This ship newbuilding project is
expected to be completed by the end of 2012 at three different German
shipyards. The scope of the surface protection work comprises some 200,000
m2 of blasting and coating work.

Supply ships take fuel, consumer goods, victuals and ammunition to other
German Navy ships. They are equipped to enable transfer of such goods from
one ship to the other while at sea. Two helicopters help transport
personnel and equipment. In addition, supply vessels can also be converted
to mobile hospital ships. With their length overall of 175 m and a crew of
239, supply ships are the largest vessels in the German Navy.

In a still challenging market, Muehlhan has succeeded in securing another
contract in the specialty shipbuilding sector. Since the onset of the
financial crisis in the autumn of 2008 and the subsequent numerous contract
cancellations in the commercial shipbuilding segment, the remaining German
shipyards have refocused almost exclusively on the specialty sector.

About Muehlhan:
The Muehlhan Group is a global specialist in high-quality surface
protection and industrial services. Our four business segments - Ship
Newbuilding, Ship Repair, Oil & Gas Offshore and Industry Services - enable
us to provide a broad range of professional services to our maritime and
industrial markets. The excellent quality of our service, our high degree
of organization, our technical expertise and almost 130 years of experience
are what set us apart.
With our workforce of around 2,300 employees at 40 locations worldwide, we
generated sales revenues of EUR 190.8 million in 2009. In the years to
come, we will utilize our leadership position as a stable foundation for
further expanding our business.

Press contact: Ties Kaiser, Muehlhan AG, +49 40 75271-156; Email:
Kaiser@muehlhan.com

12.05.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: Muehlhan AG
Schlinckstrasse 3
21107 Hamburg
Deutschland
Phone: +49 40 75271 0
Fax: +49 40 75271 130
E-mail: investorrelations@muehlhan.com
Internet: www.muehlhan.com
ISIN: DE000A0KD0F7
WKN: A0KD0F
Listed: Freiverkehr in Berlin, München, Hamburg, Stuttgart; Entry
Standard in Frankfurt

End of News DGAP News-Service

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