SMT Scharf AG receives order from Chinese mining group

• Expands leadership on Chinese market

• Also first use of new rack-and-pinion railway planned

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new product

Hamm (euro adhoc) - Hamm, December 14, 2007 - SMT Scharf AG (German
Securities Code (WKN) 575198, ISIN DE0005751986), technology and
world market leader for rail-bound railway systems for the mining
sector, has received an order from a Chinese mining group for two
train sets with diesel cats (monorail hanging railways). This order
has a volume in the low single-digit millions (EUR). In winning the
order for two train sets with diesel cats SMT Scharf AG beat two
Eastern European competitors during the tender process initiated by a
Chinese mining group. Both of the train sets will be used to supply
material to a new extraction level in a mine. The sets will be
delivered in the first half of 2008. Rack-and-pinion trains are also
planned to be installed during the further expansion of this mine -
SMT Scharf AG presented these for the first time at the mining
technology fair CHINA COAL & MINING EXPO 2007. The Chinese mining
group is thus expected to be the first customer to use this new
product. SMT Scharf's customer is a rapidly expanding hard coal mine
operator in China. The group currently has six mines, and including
the new order SMT Scharf has already equipped half of these mines.
SMT Scharf believes that there is further potential for development
here in the coming years. Dr. Friedrich Trautwein, SMT Scharf AG's
CEO, is very pleased at winning this tender: "This order is a key
milestone in developing the Chinese market. Our customer decided to
place the order with SMT Scharf because our machinery has a
tried-and-trusted track record in China in reference projects - in
particular high traction, and better handling in tight curves. We
have been able to convince another customer with our technology, and
have expanded our leadership on the Chinese market."

Company profile

The SMT Scharf Group develops, builds and maintains rail-bound
railway systems for mining and use in tunnels. The trains are used
all over the world, primarily in hard coal mines, gold mines and in
underground mining for platinum, diamonds, copper and nickel. They
are used to transport material and personnel with working loads of up
to 35t. Rail-bound trains are the only means of transport that can be
used underground on branching lines to cope with inclines of more
than 13 degrees. The SMT Scharf Group has subsidiaries in Germany,
Poland, South Africa and China, external employees in Russia, and
agencies around the world. The railways developed by SMT Scharf are
characterized, above all, by high-performance engines, high working
loads, high speed and low operating and maintenance costs. SMT Scharf
records more than 50% of its revenues abroad, in 2006 64% of order
intake was from high-growth foreign markets such as Russia, China and
South Africa. The replacement parts and repairs business constitutes
around 55% of revenues. The advances in exploitation of resources
make underground conditions increasingly difficult which in turn
requires more high technology transport solutions in mining. The
total market for underground transport technology comprises around
EUR 5 billion to EUR 7 billion per year according to company
estimates. SMT Scharf AG has been listed in the Prime Standard
(regulated market) of the Frankfurt Stock Exchange since April 11,
2007.

end of announcement euro adhoc
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ots Originaltext: SMT Scharf AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Contact

Investor relations

cometis AG

Henryk Deter

Tel.: +49(0)611 - 205855-13

Fax: +49(0)611 - 205855-66

e-mail: deter@cometis.de

Branche: Machine Manufacturing
ISIN: DE0005751986
WKN: 575198
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse München / free trade