Bilfinger SE

Legal Proceedings Report • Sep 9, 2009

News Details

Ad-hoc | 9 September 2009 12:25

Bilfinger Berger: legal dispute in Qatar / new earnings outlook

Bilfinger Berger AG / Change in Forecast/Final Results

09.09.2009

Dissemination 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.

---

Bilfinger Berger expects termination of the contract for a road
construction project in Qatar. Despite interventions at the highest
political level, the client is not willing to settle outstanding debts
running into the triple digit million Euros.

For some time now the project has been suffering from significant
disruptions and delays for which the client is responsible. For this
reason, the construction period has more than doubled from the original 24
months. The client has already accepted responsibility for a 21-month
extension of the construction period.

There is, however, substantial disagreement on the financial consequences,
some of which are before the courts. The client is now attempting to avoid
his financial obligations by terminating the contract.

Bilfinger Berger is expecting a lengthy legal dispute in the local courts,
the outcome of which cannot be predicted with certainty. As a precaution,
the Company will therefore make a provision in the amount of EUR80 million.
This will lead to a burden on earnings in the third quarter.

The Company had previously expexted an EBIT for the full-year 2009 in the
amount of EUR250 million. This charge on earnings which can be partially
offset by improvements in the Services segment will reduce the EBIT to an
amount of EUR210 to EUR230 million.

09.09.2009 Financial News transmitted by DGAP

---

Language: English
Company: Bilfinger Berger AG
Carl-Reiß-Platz 1-5
68165 Mannheim
Deutschland
Phone: +49 (0621) 459-0
Fax: +49 (0621) 459-23 66
E-mail: skle@bilfinger.de
Internet: http://www.bilfingerberger.de
ISIN: DE0005909006
WKN: 590900
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin, München, Hannover, Düsseldorf, Hamburg

End of News DGAP News-Service

---