HWA AG

Major Shareholding Notification • Nov 19, 2007

News Details

Corporate | 19 November 2007 08:00

HWA AG: Nasser bin Khaled (NBK) Holding, Qatar, acquires 25% of HWA AG

HWA AG / Agreement/Strategic Company Decision

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Nasser bin Khaled (NBK) Holding, Qatar, acquires 25% of HWA AG

Affalterbach, November 19, 2007 – Frankfurt Stock Exchange listed HWA AG,
the motor sport specialist, is announcing that its shareholders Hans Werner
Aufrecht, Dörflinger Privatstiftung and marchsixteen, who together hold
over 80% of the shares, have signed a binding letter of intent with NBK
Holding (Nasser Bin Khaled) of Doha, Qatar, for the sale of 25% of the
shares in HWA AG, that is 1,278,000 shares, for a price of EUR 27 per
share. The three selling shareholders will transfer shares in proportion to
the size of their existing holdings; the two members of the Management
Board, (Hans-Jürgen Mattheis and Gerhard Unger), are not disposing of
shares. NBK Holding will also delegate a representative as a member of HWA
AG’s Supervisory Board.

Deutsche Bank AG and Altium Capital AG acted as advisors to this first of
its kind transaction. This represents the strong position of Deutsche Bank
in the different regions and the ability to bring together the best fit
strategic partners.

NBK Holding was founded by Sheikh Nasser Bin Khaled in Doha, Qatar, in the
early Fifties of the last century, and is one of the most important
business groups in the Arab world. Under the leadership of Sheikh Nawaf
Nasser Bin Khaled Al - Thani, Chairman & CEO of NBK Holding, the Group
today is not only one of the largest Mercedes dealerships in the region and
importer of other automobile and motorcycle brands, but also has numerous
other business interests, in real estate, Constructions, luxury and
consumer goods, and in the energy, technology and communications sectors.

'In NBK Holding we have found an absolutely top-class, strategic partner
for the Arab world, which not only has very strong affinities with motor
racing, but also boasts a more than 50-year partnership with Mercedes,'
says Hans-Jürgen Mattheis (Spokesman of the Board of Management), welcoming
the strategic partnership in behalf of HWA AG.

'Nasser Bin Khaled has been strategically aligned with global names since
inception, bringing internationalism in standards and setting several
benchmarks in Qatar and the region. We consider this investment in HWA as a
further boost to NBK’s ties, and consequently our country’s ties, to
Germany. This investment adds tremendous value to our automotive
portfolio,' Sheikh Nawaf Nasser Bin Khaled Al Thani said.

Contact:

Hans-Jürgen Mattheis
HWA AG
Benzstraße 8
71563 Affalterbach
Phone: + 49/ (0) 7144/ 8717- 279
Fax: + 49/ (0) 7144/ 8718- 111
ir@hwaag.com
www.hwaag.com

Company profile HWA

HWA AG was founded in 1999 as a spin-off from AMG, which was established in
1967 by Hans Werner Aufrecht as the Mercedes Benz customisation specialist.
Towards the end of 1998 Aufrecht sold a majority interest in AMG Motoren-
und Entwicklungsgesellschaft mbH, as it then was, to Daimler AG. In the
course of the disposal, motor racing, what is today the AMG-Mercedes team
in the German Touring Car Championship (DTM) and parts of the vehicles and
components business was spun off and transferred to HWA AG. The vehicles
and vehicle components business develops and builds exclusive, luxury
sports cars for Daimler AG and Mercedes-AMG GmbH. In addition to its DTM
racing team and the vehicles and vehicle components business, since 2003
HWA has also manufactured and serviced racing engines for the Formula 3
Euroseries and the British Formula 3 Series. HWA AG currently has 224
employees in its Affalterbach works. In 2006 HWA AG had revenues of EUR
57.6 million and EBIT of EUR 6.9 million. Its net profit after interest and
taxes was some EUR 4.2 million. The Company has been listed on the
Frankfurt Stock Exchange in the Entry Standard segment since 19 April 2007.

Company profile Nasser Bin Khaled (NBK) Holding

Established in 1950, Nasser Bin Khaled is one of the biggest business
conglomerates in Qatar. NBK manages the selling and distribution of
international brands in the Qatari market with various areas of activities:
Automobile, construction, Oil and Gas, Agricultural materials, Civil
engineering, Consultancy services, Broadcasting, Information Technology and
Communication, contracting and Project Management, Merchandise and retail
market, luxury and fashion, hospitality and real estate. Nasser Bin Khaled
is a leading provider of premium automotive products with names such as
Mercedes Benz, Maybach, Spyker Sport Cars, Mitsubishi Motors, Mitsubishi
Fuso, Harley Davidson and Kawasaki in addition to Bosch, Michelin, Zeibart
and Smart Repair. NBK also owns heavy equipments, power generation,
material handling divisions and transportation solutions. Additionally,
Nasser Bin Khaled is associated with iconic fashion brands the likes of
Gucci, Prada, Fendi, Valentino, Dolce & Gabbana, Christian Dior, Lanvin,
Elie Saab etc. The Holding includes F&B units as well with 'Silver Café'
and 'Lina’s Café'. NBK also specializes in the engineering, design and
supply of materials and installation services for industrial insulation and
refractory lining applications for plants in Qatar and the ME. NBK has a
Medical Equipment division providing medical supplies and medical treatment
facilities. NBK also provides governmental and private organizations with
agricultural and environmental devices and solutions. Involved in Real
Estate, NBK is engaged in the buying, selling and maintaining of property,
as well as coordinating property management for industrial, commercial and
residential developments. NBK has a diversified range of corporate
investment and retail operations, with services extended to reach project
development, design and supervision, feasibility studies and annual
budgeting.
19.11.2007 Financial News transmitted by DGAP

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Language: English
Issuer: HWA AG
Benzstraße 8
71563 Affalterbach
Deutschland
Phone: +49 (0)7144 87 17-0
Fax: +49 (0)7144 87 17-100
E-mail: info@hwaag.com
Internet: http://www.hwaag.com
ISIN: DE000A0LR4P1
WKN: A0LR4P
Listed: Freiverkehr in Berlin, Düsseldorf, München, Stuttgart; Entry
Standard in Frankfurt

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