029 Group SE

M&A Activity • Aug 31, 2008

News Details

Takeover Bids | 31 August 2008 17:41

Tender Offer;

Target company: Petrotec AG; Bidder: IC Green Energy Ltd

Release of an announcement according to the German Securities Acquisition and Takeover Act (WpÜG),

transmitted by DGAP – a company of EquityStory AG.

The bidder is solely responsible for the content of this announcement.

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Publication of the decision to launch a public takeover offer in accordance

with section 10 paragraph 1 in conjunction with sections 29 paragraph 1, 34

of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs-

und Übernahmegesetz, WpÜG)

Bidder:

IC Green Energy Ltd

Haarbaa Street 19

Tel Aviv, 61204

Israel

Target Company:

Petrotec AG

Fürst-zu-Salm-Salm-Str. 18

46325 Borken-Burlo

registered in the commercial register (Handelsregister) at the local court

(Amtsgericht) of Coesfeld under registration number HRB 10597

ISIN DE000PET1111, WKN PET111

The publication of the offer document will be made on the internet under

http://www.ic-greenenergy.com upon approval by the German Federal Financial

Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht).

Information of the Bidder:

Today IC Green Energy Ltd has made the decision to offer to the

shareholders of Petrotec AG by way of a voluntary public takeover offer to

acquire their non-par-value ordinary bearer shares in Petrotec AG, each

share representing a notional amount of EUR 1.00 in the registered share

capital, against payment of a cash consideration of EUR 2.70 per share.

The completion of the takeover offer will be subject to anti-trust

clearance. Apart from this, the offer will be made on and subject to the

terms and conditions yet to be communicated in the offer document.

Pursuant to an agreement dated 31 August 2008, the principal shareholder of

Petrotec AG, Petrotec S.a.r.l, has sold 4,497,431 of the 4,914,730 shares

in Petrotec AG held by Petrotec S.a.r.l, i.e. shares representing approx.

42.1% of the registered share capital to IC Green Energy Ltd. The transfer

of the 4,497,431 shares is subject to anti-trust clearance with regard to

the acquisition by the competent authorities.

Important information: This announcement neither constitutes an offer to

purchase nor a solicitation of an offer to sell shares in Petrotec AG. The

final terms and conditions of the offer will be published in the offer

document after the approval by the German Federal Financial Supervisory

Authority. Investors and holders of shares in Petrotec AG are strongly

advised to read any relevant documents in connection with the voluntary

public takeover offer as soon as such documents will be published as they

will contain important information.

Tel Aviv, 31 August 2008

IC Green Energy Ltd

End of WpÜG announcement(c)DGAP 31.08.2008

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Listed: Zielgesellschaft: Regulierter Markt in Frankfurt (Prime Standard);

Freiverkehr in Berlin, Düsseldorf, Hamburg, München und Stuttgart