Masterflex SE — M&A Activity 2011

Apr 20, 2011

News Details

Ad-hoc | 20 April 2011 19:41

Masterflex AG: Masterflex AG sells majority of its Mobility unit

Masterflex AG / Key word(s): Disposal

20.04.2011 19:41

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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Ad hoc disclosure in accordance with section 15 WpHG

Masterflex AG sells majority of its Mobility unit

Masterflex AG today concluded an agreement for the sale of its 51% equity
interest in Clean Air Bike GmbH, Berlin, and its 100% share in Velodrive
GmbH, Herten. The contract was drawn up with the usual provisos for the
relevant transactions. The transfer of the equity interests is expected to
take place shortly.

The two companies operate in the bicycle and bicycle components market
focussing on e-bikes/pedelecs and were part of the Masterflex Group's
Mobility unit. Masterflex decided to dispose of this business unit in 2010.
As a result, the Mobility unit was already shown as a discontinued business
unit in the 2010 annual financial statements. Write-downs were fully taken
into account in 2010. The sale will not result in any further burdens for
Masterflex AG.

The only Mobility unit activities still remaining within the Masterflex
Group relate to fuel cell technology. Masterflex is also planning either to
dispose of this segment or to partner it with a strong third party.
Following extensive reorganisation, Masterflex itself concentrates solely
on its core business of high-tech hoses and connector systems which it has
operated globally for many years.

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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an ongoing basis, as these statements are based exclusively on the
circumstances at the date of their publication.

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Language: English
Company: Masterflex AG
Willy-Brandt-Allee 300
45891 Gelsenkirchen
Deutschland
Phone: +49 (0)209 97077-12
Fax: +49 (0)209 97077-20
E-mail: ir@masterflex.de
Internet: www.masterflex.de
ISIN: DE0005492938
WKN: 549 293
Indices: Prime all share
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of Announcement DGAP News-Service

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