Bilfinger SE

Earnings Release • Oct 20, 2008

News Details

Ad-hoc | 20 October 2008 20:12

Bilfinger Berger AG: proceeds from the sale of Razel S.A., France; net profit 2008 to exceed previous forecast

Bilfinger Berger AG / Final Results/Disposal

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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Bilfinger Berger, on October 20, 2008, has sold all of the shares in Razel
S.A., its wholly-owned French civil engineering subsidiary, to Fayat S.A.,
France. The transaction remains subject to approval from the relevant
antitrust authority.

The sale will generate proceeds of €137 million, resulting in a book gain
for Bilfinger Berger of €90 million. The Company also intends to establish
a risk provision to reflect the general volatility in the construction
business. Overall, Bilfinger Berger expects net profit for 2008 to increase
beyond the previously forecast €140 million to about €185 million.

Razel had been a part of the Bilfinger Berger Group since 1995. The company
is active exclusively in France and francophone Africa and is specialized
in earthworks as well as road and tunnel construction. In 2008, Razel will
generate an output volume of approximately €500 million with 4,600
employees.

In view of the general conditions on the French market and the
corresponding limited development opportunities available to Bilfinger
Berger, the Group has decided to sell the company. Joint projects from
Bilfinger Berger and Razel will be continued.

Fayat is the fourth largest provider of construction services in France.
The acquisition of Razel allows it to further expand its market position.
20.10.2008 Financial News transmitted by DGAP

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Language: English
Issuer: Bilfinger Berger AG
Carl-Reiß-Platz 1-5
68165 Mannheim
Deutschland
Phone: +49 (0)621 459-0
Fax: +49 (0)621 459-22 21
E-mail: bettina.schneider@bilfinger.de
Internet: www.bilfinger.de
ISIN: DE0005909006
WKN: 590900
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin, Hannover, München, Hamburg, Düsseldorf

End of News DGAP News-Service

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