Manz AG — Capital/Financing Update 2008

Jun 10, 2008

News Details

Corporate | 10 June 2008 07:41

Manz Automation AG resolves capital increase and transition to Prime Standard

Manz Automation AG / Capital Increase

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Manz Automation AG resolves capital increase and transition to Prime
Standard

• Issue of 896,011 new shares with a subscription ratio of 4:1
• Subscription period from June 13 to 27, 2008
• Listing in Frankfurt Stock Exchange's Prime Standard scheduled for July
1, 2008

Reutlingen, June 10, 2008. The Managing Board of Manz Automation AG today
resolved a capital increase from authorized capital, with the approval of
the Supervisory Board. A total of 896,011 new, no-par value bearer shares
are to be issued in the course of a public offer, increasing the company's
share capital from a current total of EUR 3,584,043 to EUR 4,480,054. The
shares are to be offered to the company's shareholders for subscription in
the period from June 13 to 27, 2008. In line with the 4:1 subscription
ratio, four old shares of Manz Automation AG entitle the holder to
subscribe for one new share. The company has engaged Commerzbank AG and
Credit Suisse Securities (Europe) Limited as Joint Lead Managers.

The subscription price for the new shares is expected to be determined and
published on June 23, 2008. Subscription rights are expected to be traded
from June 23 to 25, 2008 under ISIN DE000A0SFR65 in the open market on the
Frankfurt Stock Exchange (floor trading). As part of its capital increase,
Manz Automation AG will transition from Frankfurt Stock Exchange's open
market (Entry Standard) to the regulated market (Prime Standard), as
previously announced. Listing of both the old and new shares of the company
in the Prime Standard is scheduled for July 1, 2008.

The capital increase will secure the funds required to finance the Manz
Group's further growth. In particular, the Manz Group plans to increase its
value added in its systems.solar division by making targeted acquisitions.
The company aims to gain access to additional innovative technologies via
increased research and development investments. In addition, part of the
proceeds from the issue is to be used to refinance the acquisitions the
company has made in 2008. Furthermore, the company plans to invest in
increasing its production capacity and further setting up and expanding its
sales and service locations in Germany and abroad. It also plans to set up
a technology and training center at its headquarters in Reutlingen.

Dieter Manz, Manz Automation AG's CEO, stated further reasons for the
planned transaction: 'We aim to further expand our position on high-growth
markets such as China, Spain, India and the USA and thus benefit from the
global growth in the solar industry. The anticipated proceeds from the
issue will allow us to consistently implement our growth targets and
further increase both our revenues and operating result. In addition,
transitioning to the Prime Standard will give us the opportunity of moving
up into the TecDAX in the medium term. This will increase awareness among
international investors and increase the Manz Automation AG's
attractiveness on the capital market.'

Further information on the capital increase can be found in the securities
offering prospectus which, subject to approval by the Bundesanstalt für
Finanzdienstleistungsaufsicht (BaFin – German Financial Services
Supervisory Authority), is expected to be published on June 11, 2008, and
the subscription offering, which is scheduled to be published on June 12,
2008 in the electronic federal gazette and the Börsen-Zeitung. After
approval by BaFin, the securities offering prospectus can be viewed and
downloaded from the Investor Relations section of the company's Web site at
www.manz-automation.com.

Company Profile

Reutlingen-based Manz Automation AG (ISIN: DE000A0JQ5U3), together with its
subsidiaries, is one of the world’s leading technology providers in terms
of market shares for systems and components for automation, quality
assurance and laser process technology for the photovoltaic industry as
well as for automation and wet chemicals for the LCD industry. The Manz
Group's core competences are in robotics, image processing, laser
technology, wet chemicals as well as control and drive technology. The Manz
Group's key strategic divisions are photovoltaic (systems.solar), LCD
(systems.lcd) and components and OEM systems (systems.aico) for automation
in various industrial sectors and the life science industry. The Manz Group
has sales and/or service branches in Germany, Taiwan, the USA, China, South
Korea, Spain, Hungary and Slovakia as well as a service alliance in India.
In addition, the Manz Group has its own production facilities in Germany,
Slovakia, Hungary, Taiwan and China. The Manz Group recorded revenues of
around EUR 71.2 million in fiscal year 2007 with an EBIT margin of 14.1%.
More than 57% of revenues were generated abroad, in particular in Asia.

Disclaimer

This publication constitutes neither an offer to sell nor an invitation to
make an offer to buy securities. No offer or sale of transferable
securities of Manz Automation AG is being, or will be, made to the public
outside Germany. Any potential public offer in Germany will be made
exclusively by means of and on the basis of a prospectus that will be
published. The prospectus is, subject to its approval, expected to be
available from June 12, 2008 onwards free of charge at Manz Automation AG,
Steigaeckerstrasse 5, 72768 Reutlingen, (fax no. +49 7121 / 9000 - 99) and
the joint lead managers Commerzbank AG, Kaiserstrasse 16 (Kaiserplatz),
60311 Frankfurt am Main, (fax no. +49 69 136 29299) and Credit Suisse
Securities (Europe) Limited, c/o Niederlassung Frankfurt am Main,
Junghofstrasse 16, 60311 Frankfurt am Main, (fax no. +49 69 7538 9431).

This publication constitutes neither an offer to sell nor an invitation to
make an offer to buy securities in the United States. The shares and the
subscription rights with regard to shares in Manz Automation AG may not be
offered or sold in the United States or to or for the account or benefit of
'U.S. persons' (as such term is defined in Regulation S under the U.S.
Securities Act of 1933, as amended (the 'Securities Act')) absent
registration or an exemption from registration under the Securities Act.
The shares and the subscription rights with regard to shares in Manz
Automation AG have not been and will not be registered under the Securities
Act. Any public offering of securities or subscription rights to be made in
the United States will only be made by means of a prospectus which would be
available at Manz Automation AG and which would contain detailed
information about Manz Automation AG and its management as well as its
financial statements.

This publication is for distribution only to persons who (i) have
professional experience in matters relating to investments or (ii) are
persons falling within article 49(2)(a) to (d) ('High Net Worth Companies',
Unincorporated Associations etc.) of the Financial Services and Markets Act
2000 (Financial Promotion) Order 2005 or to whom it may otherwise be
lawfully passed on (all such persons together being referred to as
'Relevant Persons'). This publication is directed only at Relevant Persons
and must not be acted on or relied on by persons who are not Relevant
Persons. Any investment or investment activity to which this publication
relates is available only to Relevant Persons and will be engaged in only
with Relevant Persons.

Investor relations contact

Manz Automation AG
Birte-Christina Benecke
Phone: +49 (0)7121 – 9000-21
Fax: +49 (0)7121 – 9000-99
E-Mail: bbenecke@manz-automation.com

cometis AG
Ulrich Wiehle
Phone: +49 (0)611 – 205855-11
Fax: +49 (0)611 – 205855-66
E-Mail: wiehle@cometis.de

10.06.2008 Financial News transmitted by DGAP