OHB SE — Share Issue/Capital Change 2009

Aug 10, 2009

News Details

Ad-hoc | 10 August 2009 21:30

OHB Technology AG: OHB Technology acquires Carlo Gavazzi Space S.p.A., Milan

OHB Technology AG / Acquisition/Capital Increase

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• OHB Technology acquires Carlo Gavazzi Space S.p.A., Milan
• Transaction to be financed through partial use of the 2007 Authorized
  Capital by issuing 2,540,000 new bearer shares plus a cash payment of
  EUR 5.94 million
• Expansion in space activities in Italy represents a key milestone of
  the European growth strategy

Bremen, August 10, 2009. OHB Technology AG (ISIN: DE0005936124, Frankfurt
stock exchange, regulated market, Prime Standard) today entered into an
agreement with the owners of Italian space technology company Carlo Gavazzi
Space S.p.A., Milan, (CGS) for the acquisition of all of its shares. As a
leading Italian space enterprise, particularly in satellite technology,
with approx. 220 employees, CGS generated total revenues of EUR 55.4
million in its 2007/2008 financial year (ending August 31, 2008). CGS
earned an EBITDA of EUR 6.8 million and an EBIT of EUR 4.0 million in
2007/2008. The owners of CGS are Prof. Manfred Fuchs (48.925%) and Marco R.
Fuchs (48.925%), both of whom are also members of the Management Board of
OHB Technology AG, as well as an Italian corporation (2.15%) which is also
owned by the Fuchs family. As a part of the transaction, the 49% shares in
Telematic Solutions S.p.A., Milan, held by CGS, will also be transferred to
the OHB Group. Previously, OHB held 51% of the capital of Telematic
Solutions S.p.A.

The transaction provides for a cash compensation of EUR 5.94 million as
well as consideration in the form of 2,540,000 new OHB Technology AG bearer
shares. The valuation was based on an appraisal (based on IDW S1) performed
by accounting firm BDO Deutsche Warentreuhand AG, Hamburg. The total
compensation for the acquisition of CGS is below the valuation range
calculated in the appraisal.

With the approval of the Supervisory Board, the Management Board of OHB
Technology AG has decided today to partially exercise the company's 2007
Authorized Capital to increase its existing share capital of EUR 14,928,096
by EUR 2,540,000 to EUR 17,468,096. OHB will issue 2,540,000 new bearer
shares with a notional value of EUR 1.00 each against contribution in kind.
Prof. Manfred Fuchs and Marco R. Fuchs, who are already shareholders of OHB
Technology AG, have been permitted to subscribe to these shares in equal
portions. Apart from this, all other subscription rights will be excluded.

The new shares will be entitled to dividends for the financial year 2009.
An application will be submitted for admission of 1,270,000 of the new
shares to the regulated market, Prime Standard. The remaining 1,270,000 new
shares will initially not be admitted to the stock market and are subject
to a lock-up period of 24 months.

As a result of the capital increase, OHB Technology AG's share capital will
increase by 17 % and thus comprise 17,468,096 shares. Following the
performance of the capital increase, OHB Technology AG will have a free
float of 30.3 %, while 69.7 % will be held by the Fuchs family pool.

For further information, please contact:

OHB Technology AG

Michael Vér
Investor Relations
Tel.: +49 (0)421 2020-727
Fax: +49 (0)421 2020-613
E-Mail: ir@ohb-technology.de
Internet: http://www.ohb-technology.de

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

10.08.2009 Financial News transmitted by DGAP

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
Internet: www.ohb-technology.de
ISIN: DE0005936124
WKN: 593612
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Hamburg, Stuttgart

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