OHB SE — Share Issue/Capital Change 2007

Jun 1, 2007

News Details

Ad-hoc | 1 June 2007 09:44

OHB Technology AG: Profit forecast raising 2007 due to successful ORBCOMM stock placement

OHB Technology AG / Miscellaneous

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.

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OHB Technology raises profit forecast 2007 due to successful ORBCOMM stock
placement

Bremen/New York, June 1, 2007. ORBCOMM Inc., the investment of OHB
Technology AG (Prime Standard, ISIN: DE0005936124) listed on the NASDAQ
Global Market (ticker symbol 'ORBC') has sold 8,050,000 shares of common
stock at a price of USD 11.50 per share in a secondary offering of which
2,985,000 shares were sold by ORBCOMM and 5.065,000 shares were sold by
existing stockholders.

ORBCOMM intends to use the net proceeds of approx. USD 30 mill for
investments to increase the capacity and efficiency of its next-generation
satellites and to strengthen the working capital.

In this transaction, OHB Technology AG has sold 599,736 shares (incl.
16.233 shares sold by ORBCOMM Deutschland AG). This represents
approximately 20% of OHB Technology’s previous interest in ORBCOMM Inc.
After the sale, OHB Technology’s holdings are reduced to approximately 6%.

With the stock sale, OHB Technology has generated net earnings per share of
approx. 17 Euro Cent. Therefore OHB Technology is raising the profit
forecast for 2007 from 55 Cent by said amount to 72 Cent per share for the
current financial year.

ORBCOMM stock closed at 15.90 USD yesterday.

For further information, please contact:

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

DGAP 01.06.2007

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

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