euro adhoc: Implenia AG / Annual & Special Corporate Meetings / Implenia aims to clarify the situation

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Company Information

19.11.2007

Extraordinary general meeting to confirm statutory restrictions on
share registration

D i e t l i k o n, 19 November 2007 - The Board of Directors of Swiss
construction services group Implenia AG has decided to convene an
extraordinary general meeting of shareholders on 14 December.
Shareholders at the meeting will be asked to vote on whether the
current "Lex Koller" legal restrictions on registering foreign
shareholders should be lifted as requested by British financial
company Laxey Partners. Laxey Partners, which owns 34 percent of
Implenia´s shares, launched a takeover offer to all shareholders on 5
November. This offer is contingent on the removal of restrictions on
transferring share ownership.

Implenia´s Board of Directors wants to maintain the current
restrictions on transferability in accordance with Article 7 para. 4b
of the company´s articles of association. These restrictions -
recently confirmed in a decree by Bülach District Council - mean that
foreign shareholders may not own more than 20% of voting rights in
Implenia. If this threshold were breached, Implenia would qualify as
foreign-controlled. As a result, a lucrative part of the company´s
business, which is crucial to its whole business model, would be
lost. A great deal of shareholder value would be destroyed in the
process. The Board of Directors strongly recommends, therefore, that
shareholders reject any change in the relevant restrictions on
registering foreign investors.

Laxey is currently entered in Implenia´s share register with 4.9
percent of shares. The remaining shares up to the 20% threshold
mentioned above are in the hands of numerous other foreign investors.

Invitation to a media and analysts' conference
today, Monday, 10.30 am, Hotel Savoy, Zurich

A media and analysts´ conference, headed by Chairman of the Board of
Directors Anton Affentranger, is being held at 10.30 a.m. today,
Monday, at the Hotel Savoy in Zurich, in order to explain why the
Board of Directors of Implenia is convening an extraordinary general
meeting.

end of announcement euro adhoc 19.11.2007 07:00:00
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ots Originaltext: Implenia AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Hirzel.Neef.Schmid.Konsulenten
Aloys Hirzel
Tel. +41 43 344 42 42

Branche: Building materials
ISIN: CH0023868554
WKN: 2386855
Index: SPI, SSCI, SPIEX
Börsen: SWX Swiss Exchange / official market