DMG MORI AG

Share Issue/Capital Change • Mar 15, 2011

News Details

Ad-hoc | 15 March 2011 21:43

Gildemeister Aktiengesellschaft: 10% Capital Increase with participation of Mori Seiki – Additional Rights Offering by 20% intended

Gildemeister Aktiengesellschaft / Key word(s): Capital Increase

15.03.2011 21:43

Dissemination 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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• Not for release, publication or distribution in the United States,
  Canada, Japan or Australia -

ad hoc-announcement according to Section 15 WpHG
of
GILDEMEISTER Aktiengesellschaft,
Bielefeld
(ISIN DE0005878003)

10% Capital Increase with participation of Mori Seiki -
Additional Rights Offering by 20% intended

Bielefeld, 15 March 2011 - The Executive Board of GILDEMEISTER AG,
Bielefeld (ISIN DE0005878003) has decided to increase the company's share
capital by EUR 11,851,320.00 (or approximately 10%) by issuing 4,558,200
new bearer shares of common stock without par value (no-par shares) against
cash contributions. The new shares will have full dividend rights for
fiscal year 2010. A committee of the Supervisory Board established for
these purposes granted its approval.

The statutory subscription rights of existing shareholders are excluded.
All new shares will be subscribed for by Mori Seiki Co., Ltd., Nagoya
(Japan), the cooperation partner of GILDEMEISTER AG, at an issue price of
EUR 18.22 per new share. The price reflects a premium of about 27% compared
to today's volume weighted average price for the GILDEMEISTER share or 20%
measured by the volume weighted average price of the last ten trading days.
Net proceeds from the capital increase are expected to amount to
approximately EUR 83 million.

In addition, the Executive Board intends, subject to the actual capital
market environment, to implement a further capital increase from authorized
capital in which Mori Seiki will also participate shortly after this
capital increase. The second capital increase would be expected to amount
to 20% of the share capital of the company at that time. The resolution
upon the implementation of the rights offering, including the determination
of the subscription price, is intended to occur after the respective
preparations have been completed.

GILDEMEISTER intends to use the net proceeds from both capital increases
predominantly to reduce financial liabilities and thus reinforce its equity
base.

All new shares are expected to be admitted to trading in the Regulated
Market segment of the Frankfurt Stock Exchange and to the sub-segment of
the Regulated Market with additional post-admission obligations (Prime
Standard) of the Frankfurt Stock Exchange and to trading in the Regulated
Market segments of the stock exchanges in Berlin and Düsseldorf in
conjunction with the rights offering.

GILDEMEISTER Aktiengesellschaft
The Executive Board

This document does not constitute an offer to sell, or a solicitation of an
offer to buy, any securities. Neither this document nor the information
contained herein is for distribution in or into the United States of
America (including its territories and dependencies, any State of the
United States and the District of Columbia) (the 'United States') and must
not be distributed to U. S. persons (as defined in Regulation S under the
U. S. Securities Act of 1933, as amended (the 'Securities Act')) or to
publications with a general circulation in the United States. This document
does not constitute an offer or invitation to purchase any securities in
the United States. The securities of GILDEMEISTER Aktiengesellschaft have
not been and will not be registered under the Securities Act and may not be
offered, sold or delivered in the United States or to U. S. persons absent
registration or an exemption from the registration requirements of the
Securities Act. There will be no public offer of securities in the United
States.

15.03.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: Gildemeister Aktiengesellschaft
Gildemeisterstraße 60
33689 Bielefeld
Deutschland
Phone: +49 (0)5205 74 30-01
Fax: +49 (0)5205 74 30-81
E-mail: info@gildemeister.com
Internet: www.gildemeister.com
ISIN: DE0005878003
WKN: 587800
Indices: MDAX
Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
Standard); Freiverkehr in Hamburg, München, Stuttgart

End of Announcement DGAP News-Service

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