029 Group SE

Legal Proceedings Report • Oct 7, 2002

News Details

Ad-hoc | 7 October 2002 13:58

SZ Testsysteme AG english

SZ Testsysteme AG files for bankruptcy as a precautionary measure Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Amerang, October 7, 2002 SZ Testsysteme AG’s negotiations with banks have not yet led to a satisfactory outcome with regard to a sufficient financing framework. Although the Managing Board has been able to conclude far-reaching agreements with key suppliers and the company’s employees – which are of major importance for the company’s continued existence and further development – the discussions with banks have not yet, however, led to corresponding results. As a result, the Managing Board thus filed for bankruptcy with the Local Court in Rosenheim today due to an inability to pay. This is a precautionary measure. As no over-indebtedness can currently be recognized, the company simultaneously applied to continue to conduct its operations under its own responsibility. This aims to ensure that the company’s operational business can be continued in the best possible manner as part of the bankruptcy proceedings, and that the creditors receive 50% of their receivables within a period of two years. The Managing Board of SZ Testsysteme AG hopes that their continued negotiations with banks will still lead to a positive outcome and that the bankruptcy application can be reversed. end of ad-hoc-announcement (c)DGAP 07.10.2002 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: For further informations please contact: SZ TESTSYSTEME AG Ellen Hell Investor Relations Am Kroit 25 D-83123 Amerang Phone: +49 (0) 8075 / 17-1111 Fax: +49 (0) 8075 / 17 – 41111 Email: aktie@sz.com ——————————————————————————– WKN: 506730; ISIN: DE0005067300; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 071358 Okt 02