ElringKlinger AGM declares dividend increase and stock split - Strong financial year in 2007

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Dettingen/Erms (euro adhoc) - Stuttgart, Dettingen/Erms, May 30, 2008
+++ SDAX-listed ElringKlinger AG will pay a dividend of EUR 1.40
(1.25) per share for the 2007 fiscal year. Additionally, the approx.
700 shareholders attending today's Annual General Meeting at the
Stuttgart Cultural and Congress Center passed a resolution for a 1:3
stock split.

Maintaining a dividend policy that allows shareholders to participate
in the company's success in a sustained manner, ElringKlinger AG
increased its dividend by 12% for fiscal 2007. Since 1997, the total
dividend payout has risen from EUR 1.4 million to the present figure
of EUR 26.9 million. Calculated on the basis of consolidated net
income after minority interests and adjusted for extraordinary
income, the dividend ratio thus stands at 40%.

The company's shareholders can look back on a successful financial
year in 2007. The automotive supplier managed to lift sales by 15.0%
to EUR 607.8 (528.4) million in 2007; consolidated net income after
minority interests and having deducted non-recurring effects was
propelled upward by 28.0% to EUR 67.2 (52.5) million. The company's
stock also performed well. In 2007, ElringKlinger's share price rose
by almost 70%.

As a result of the stock split approved by shareholders, the overall
number of shares will increase threefold from 19,200,000 to
57,600,000. At the date of issue, ElringKlinger's share price will
thus adjust downwards to a third of its pre-split price. The exact
date of the initial listing has yet to be set. The stock split will
have no effect on the company's ownership structures or equity.

Close to 100 percent of the company's shareholders voted in favor of
formally approving the actions of the Management Board and
Supervisory Board. KPMG Deutsche Treuhand-Gesellschaft
Aktiengesellschaft Wirtschaftsprüfungsgesellschaft was again
appointed as auditor for the fiscal year 2008.

In the foyer of the Liederhalle Cultural and Congress Center the
company presented the latest trends in the area of "CO2 Reduction",
focusing on developments within its business segments and at the
Group's subsidiaries.

Visitors showed a particularly keen interest in the glass exhaust
tract displayed by the company as well as the pioneering
contributions made by ElringKlinger AG with regard to fuel cell
research. Acquired as recently as April, former SEVEX AG - now
trading as ElringKlinger Abschirmtechnik Schweiz AG - showcased its
new thermal shielding solutions deployed within the area of vehicle
underbodies.

Despite a challenging market environment, the Group anticipates
growth in sales and earnings for 2008. "We are determined to continue
on the path of growth witnessed in recent years. We again plan to
direct significant investments at research and development as well as
machinery and production plant," said ElringKlinger AG's CEO, Dr.
Stefan Wolf, when addressing the company's shareholders. "Within this
context, our focus will be on solutions tailored to the core
requirements of today's automobile industry: the lowering of emission
levels, the reduction of fuel consumption and the use of alternative
drive concepts," said Wolf.

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

Further inquiry note:

Stephan Haas

Investor Relations Manager

Telefon: +49(0)7123 724-137

E-Mail: stephan.haas@elringklinger.de

Branche: Automotive Equipment
ISIN: DE0007856023
WKN: 785602
Index: SDAX, CDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Düsseldorf / free trade
Börse München / free trade
Börse Stuttgart / regulated dealing