KUKA AG — Capital/Financing Update 2010

Mar 10, 2010

News Details

Ad-hoc | 10 March 2010 15:25

KUKA Aktiengesellschaft: Financing extended

KUKA Aktiengesellschaft / Banking Syndicate/Miscellaneous

10.03.2010 15:25

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.

---

KUKA Aktiengesellschaft

Zugspitzstrasse 140, 86165 Augsburg

• ISIN DE0006204407-

Listed on the following German stock exchanges:

Frankfurt, Berlin, Düsseldorf,

Hamburg, Hanover, Munich,

Stuttgart

Market segment: Prime Standard

Ad hoc disclosure pursuant to section 15 German Securities Trading Act
(Wertpapierhandelsgesetz)

Financing extended

Dr. Till Reuter to remain CEO until September 30, 2010

KUKA Aktiengesellschaft ('KUKA AG') has reached an agreement with a bank
consortium on extending and increasing the existing Syndicated Senior
Facilities According to the agreement, the banks will provide KUKA with
credit facilities totaling EUR 336 million until March 31, 2012. This
amount consists of revolving cash facilities in the amount of EUR 146
million and credit facilities for letters of credit in the amount of EUR
190 million. The Kreditanstalt für Wiederaufbau (KfW) joined the consortium
as a new partner and will contribute EUR 31 million to the cash facility.

As part of the agreement with the banking consortium KUKA AG agreed to
raise equity by at least EUR 23 million by the end of June 2010, either by
the way of a capital increase or subordinated debt. The agreed credit lines
will only become available in full in the future upon the raising of the
afore-mentioned funds. KUKA AG will decide whether to raise more than EUR
23 million subject to market conditions. The major shareholder Grenzebach
Maschinenbau GmbH has committed to provide up to EUR 15 million as part of
the capital injection. Grenzebach Maschinenbau GmbH has also informed KUKA
AG that in line with its previous communication it will not increase its
shareholding in the company, or the shareholding attributable to it, to 30
percent or more in the course of a capital increase.

The extension of the bank financing beyond August 31, 2011 is also
conditional upon securing a refinancing of the convertible bond issued by
KUKA Finance BV and guaranteed by KUKA AG, which falls due in November
2011, by no later than August 31, 2011. The company further undertook
vis-à-vis the banking consortium not to distribute any dividends to its
shareholders during the term of the financing agreement. The amended terms
of the bank financing will lead to higher financing costs and an increased
negative financial result in comparison to 2009.

In addition, KUKA AG's Supervisory Board has asked Dr. Till Reuter to
continue in his position of acting CEO in accordance with section 105,
para. 2 of the German Stock Corporation Act, until September 2010. After
successfully completing the financing negotiations, Dr. Reuter informed the
Supervisory Board that he would remain in the position until such date, in
particular to further develop the company's long-term strategic direction.
Accordingly, the staffing of the CEO-position from October 2010 onwards
will be appointed later.

KUKA AG will release its final results for 2009 on March 16, 2010.

Augsburg, March 10, 2010

KUKA Aktiengesellschaft

The Executive Board

Contact:
Andreas Spitzauer
phone: +49 821 7975-216
fax: +49 821 7975-213
e-mail: andreas.spitzauer@kuka.com

10.03.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

---

Language: English
Company: KUKA Aktiengesellschaft
Postfach 43 12 69
86072 Augsburg
Deutschland
Phone: +49 (0)821 797 - 0
Fax: +49 (0)821 7975 - 333
E-mail: IR@kuka.com
Internet: www.kuka.com
ISIN: DE0006204407
WKN: 620440
Indices: SDAX
Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard),
München, Hannover, Düsseldorf, Hamburg, Stuttgart; Foreign
Exchange(s) SIX

End of News DGAP News-Service

---