OHB SE — Capital/Financing Update 2007

Mar 7, 2007

News Details

Ad-hoc | 7 March 2007 17:10

OHB Technology AG: ESA SmallGEO satellite order for around EUR 100 million

OHB Technology AG / Contract

Release 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.

---

ESA SmallGEO satellite order for around EUR 100 million

Bremen, March 7, 2007. OHB-System AG, a subsidiary of OHB Technology AG
(Prime Standard, ISIN: DE0005936124) was today awarded a contract for the
next development phase of the SmallGEO small geostationary satellites. The
ESA Director of Telecommunications and Navigation, Giuseppe Viriglio, and
the Chairman of the Management Board of OHB-System AG, Prof. Manfred Fuchs,
put their signatures to the contract today for around EUR 100 million
including all options.

Phase B of development, which starts now, covers a contract volume of
around EUR 13 million. For the subsequent CD implementation phases a
maximum price of an additional EUR 86 million has been agreed, which the
partners will implement once the development phase has been successfully
completed.

Total project volume amounts to EUR 115 million. The industrial consortium
plans to invest a part of it.

The first SmallGEO satellite is due to be launched in 2010. Further details
will be announced on March 28, 2007 in a press conference on the subject
by ESA, the German Aerospace Centre, and OHB-Systems.

For further information please contact:

OHB Technology AG
Michael Vér
Investor Relations
Karl-Ferdinand-Braun-Str. 8
D-28359 Bremen
Phone: +49 (0)421 2020-727
Fax: +49 (0)421 2020-613
Internet: http://www.ohb-technology.de
mailto: ir@ohb-technology.de

DGAP 07.03.2007

Language: English
Issuer: OHB Technology AG
Karl-Ferdinand-Braun-Str. 8
28359 Bremen Deutschland
Phone: +49 (0)421 2020 8
Fax: +49 (0)421 2020 613
E-mail: ir@ohb-technology.de
www: www.ohb-technology.de
ISIN: DE0005936124
WKN: 593612
Indices:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, München, Hamburg, Düsseldorf, Stuttgart

End of News DGAP News-Service

---