euro adhoc: Polytec Holding AG / Mergers - Acquisitions - Takeovers / POLYTEC HOLDING AG announces the successful closing of the acquisition of PEGUFORM GROUP.

--------------------------------------------------------------------------------
Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
--------------------------------------------------------------------------------

Company Information/POLYTEC

22.10.2008

POLYTEC GROUP acquires 100% of the shares of PEGUFORM GROUP from
Cerberus Capital Management L.P. for a purchase price of 218.5 mill.
EUR. The purchase price comprises of a payment for 100% of the shares
and the assumption of shareholder loans from Cerberus.

For POLYTEC GROUP, the acquisition of PEGUFORM GROUP is not only a
major step forward to a global positioning of the group, but also the
significance to important customers increased and the market position
with respects to core products improved. As a result of the
acquisition, POLYTEC GROUP advances to the TOP 100 suppliers of the
automotive industry worldwide (approx. position 60) with combined
annual sales of 2.2 bn EUR. As of October 1, 2008 the results of
PEGUFORM GROUP will be first-time consolidated and to that effect
contribute to POLYTEC GROUP results 2008 with 3 months.

EARNINGS DEVELOPMENT OF PEGUFORM GROUP

In 2007 PEGUFORM GROUP achieved sales of 1.4 bn EUR and an EBITDA of
122.4 mill. EUR. In the first half 2008 PEGUFORM GROUP achieved sales
of 784.1 mill. EUR and an EBITDA of 51.4 mill. EUR.

PROFORMA CONSOLIDATED FIGURES AS OF JUNE 30, 2008

H1 2008 POYLTEC PEGUFORM COMBINED GROUP*

Sales 412.9 784.1 1,197.0
EBITDA 36.7 51.4 88.1
EBITDA Margin 8.9% 6.6% 7.4%

as of June 30, 2008 POYLTEC PEGUFORM COMBINED GROUP*
Equity 168.6 279.1 174.0
Net financial debt 24.6 126.7 369.9
Balance sheet total 446.5 768.2 1,102.0

Equity ratio 38% 36% 16%
Gearing 15% 73% 213%

* Combined figures according to IFRS / proforma and unaudited -
Balance sheet figures as of June 30, 2008 include a purchase price of
218,5 mill. EUR. A detailed Purchase Price Allocation (PPA) is in
progress and not displayed in the chart.

OUTLOOK 2008

The outlook, given in the course of the half year financial results
of POLYTEC GROUP, is, despite a difficult market environment, still
valid. It is the companies target to achieve Group sales of 800 mill
EUR and an EBITDA margin of 8% for the business year 2008. As a
result of the first-time consolidation of PEGUFORM GROUP as of
October 1, 2008 the sales guidance for the current business year has
to be increased significantly. PEGUFORM GROUP will contribute to
sales with approx. 300 mill. EUR and therefore sales of POLYTEC GROUP
will be at least 1.1 bn EUR by the end of the business year. The
acquisition of PEGUFORM GROUP will also have a positive contribution,
both as a result of its operating performance and also because of the
implications of an acquisition below book value of equity, to net
income and furthermore to Earnings Per Share (EPS).

end of announcement euro adhoc
--------------------------------------------------------------------------------

ots Originaltext: Polytec Holding AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Manuel TAVERNE

POLYTEC GROUP

Investor Relations

Tel.+43(0)7221/701-292

manuel.taverne@polytec-group.com

Branche: Industrial Components
ISIN: AT0000A00XX9
WKN: A0CA1R
Index: ATX Prime
Börsen: Wiener Börse AG / official market