Masterflex SE — Capital/Financing Update 2010

Nov 9, 2010

News Details

Ad-hoc | 9 November 2010 16:10

Masterflex AG: Restructuring of equity and liabilities

Masterflex AG / Key word(s): Capital Reorganisation

09.11.2010 16:10

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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Ad hoc disclosure in line with section 15 WpHG

Masterflex AG: Restructuring of equity and liabilities

Gelsenkirchen, 09 November 2010. Masterflex AG today signed a syndicated
loan agreement for a total amount of EUR 30.6 million with six core banks
over a term of initially five years and an agreement with a further seven
banks to exit its financing and to waive debt of EUR 10.2 million. These
payments under the above contractual agreements and the granting of the
indemnity bonds applied for are essentially still subject to the
requirement that an equity measure is successfully placed, generating an
inflow of liquidity in the amount of the debt waived.

Regarding the indemnity bonds applied for, positive decisions have already
been made by the federal states involved regarding their being granted.
Thus, a key condition of the core banks - that of hedging some of the new
loans with guarantees furnished by federal states - has been satisfied. The
commitments issued are subject to the usual requirements and conditions
regarding the inclusion of the guarantee terms and conditions and
guidelines of the respective federal state, the design and implementation
of the loan agreement and also other asset coverage.

Regarding the capital injection, the Annual General Meeting of Masterflex
AG resolved a capital increase against cash contributions by issuing up to
4.36 million new shares with a pro rata share of capital of EUR 1.00 per
share on 17 August 2010. The resolution was entered in the company's
commercial register on 17 September 2010 and preparations are underway for
implementing the capital increase. The Executive Board expects to publish
the subscription offer with further details on the capital measure before
the end of the current month of November. On the successful performance of
the equity measure, the corresponding requirement for the payments
resulting from the loan agreements and the debt waiver agreement will be
satisfied. The full process is to be completed by 15 December 2010, which
the Executive Board considers to be realistic given what has been achieved
to date.

Further information: Masterflex AG, Investor Relations, Willy-Brandt-Allee
300,

D-45891 Gelsenkirchen, Germany, ir@masterflex.de, Tel. +49 209 97077 12

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This disclosure contains forward-looking statements on future developments
based on current management estimates and planning. Such forward-looking
statements are indicated by words such as 'expect', 'would', 'up to',
'possibly', 'assume' and similar phrases. These are subject to risk and
uncertainty. If one of these uncertain factors or other imponderables arise
or if the assumptions on which the statements are based prove to be
incorrect, actual developments could deviate significantly from the
possible developments indicated or implied in these statements. The company
neither intends nor undertakes to update forward-looking statements as
these are based solely on the circumstances on the day of their
publication.

09.11.2010 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: Masterflex AG
Willy-Brandt-Allee 300
45891 Gelsenkirchen
Deutschland
Phone: +49 (0)2099 70 77-66
Fax: +49 (0)2099 70 77-20
E-mail: kerstin.wippich@masterflex.de
Internet: www.masterflex.de
ISIN: DE0005492938
WKN: 549 293
Indices: Prime all share
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Hamburg, München, Berlin, Düsseldorf, Stuttgart

End of Announcement DGAP News-Service

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