HanseYachts AG

Earnings Release • Oct 28, 2008

News Details

Ad-hoc | 28 October 2008 13:30

HanseYachts AG: HanseYachts AG Adjusts Capacities to Its Market

HanseYachts Aktiengesellschaft / Strategic Company Decision

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.

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AD HOC PRESS RELEASE IN ACCORDANCE WITH ARTICLE 15 OF THE GERMAN

SECURITIES TRADING ACT (WpHG)

HanseYachts AG Adjusts Capacities to Its Market

Greifswald, 28 October 2008 Consumers in the market for sailing yachts and
motorboats have also been acting uncertain and hesitant because of the
recent turbulence on financial markets. Despite continued strong interest
in the yachts of all three brands in the HanseYachts Group (Hanse, Moody
and Fjord) at recent trade fairs, the number of contracts and preliminary
contracts concluded thus far is well below the figures for last year.
Developments on individual sales markets can hardly be assessed right now.
Consequently, it is not possible to make any reliable forecasts on sales
volume and thus on turnover.

The HanseYachts Group is proceeding on the assumption of a continuing
difficult and declining market trend and has thus adjusted its production
capacities accordingly. HanseYachts intends to implement streamlining
measures to permit more economical production. A short-term reduction by
approx. 110 employees in the number of staff, which had previously risen
rapidly due to the healthy growth in turnover, will also be unavoidable.
The reduction in personnel will largely affect temporary workers and those
still in the trial period. In addition we are about to apply for a
short-time working schedule to secure the remaining jobs and to be able to
respond to any fluctuations in sales volume in timely fashion.

**International Securities Identification Number (ISIN): DE000A0KF6M8
Securities Code Number (WKN): A0KF6M
Common Code: 028245980
Stock Market Abbreviation: H9Y

www.hanseyachts.com
www.fjordboats.com
www.moodyboats.com

Dörthe Schmeinck, Investor Relations HanseYachts AG, +49 3834 579236

28.10.2008 Financial News transmitted by DGAP

Language: English
Issuer: HanseYachts Aktiengesellschaft
Salinenstr. 22
17489 Greifswald
Deutschland
Phone: +49 (0)3834-5792-0
Fax: +49 (0)3834-5792-30
E-mail: zentrale@hanseyachts.com
Internet: www.hanseyachts.com
ISIN: DE000A0KF6M8
WKN: A0KF6M
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Stuttgart, München, Hamburg,
Düsseldorf

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