029 Group SE

Legal Proceedings Report • Jul 2, 2003

News Details

Ad-hoc | 2 July 2003 08:30

Celanese AG english

Celanese expects gain from insurance recovery Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Kronberg/Germany, July 2, 2003 (CZZ: FSE; CZ: NYSE) – As a result of an arbitration decision and a separate agreement, Celanese is entitled to receive approximately Euro100 million more than the company had previously booked as claims receivable associated with expected insurance reimbursement relating to previously reported plumbing matters. Though Celanese expects to realize a gain, the timing and amount depend on circumstances that include limited rights of appeal aginst the arbitration award. end of ad-hoc-announcement (c)DGAP 02.07.2003 ——————————————————————————– WKN: 575300; ISIN: DE0005753008; Index: MDAX Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, München und Stuttgart; NYSE 020830 Jul 03