EANS-Adhoc: SMT Scharf AG announces share buy-back program

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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Company Information

15.05.2009

Hamm, May 15, 2009 - SMT Scharf AG (German Securities Code 575198,
ISIN DE0005751986), the technology and world market leader for
rail-bound railway systems for the mining sector, announces that on
May 14, 2009 the Managing Board resolved to use the authorization to
acquire own shares, as passed by the General Meeting on April 23,
2009. The buyback will start on Monday, May 18, 2009 and is to end at
the latest on October 22, 2010. A total of up to 420,000 shares or 10
% of the company´s share capital are to be acquired as part of the
share buyback.

This buyback will be made according to Sections 14 (2), 20a (3) of
the Wertpapierhandelsgesetz (German Securities Trading Act) in
connection with the provisions of Regulation (EC) No. 2273/2003 and
according to the resolution passed by SMT Scharf AG´s General Meeting
on April 23, 2009. Accordingly, the purchase price will not exceed
the price of the last independent transaction or - if this should be
higher - the highest independent offer on the stock exchange. In
addition, the purchase price will not deviate more than 5 % from the
average share price in the opening auction in Xetra trading on the
last five stock market trading days prior to the purchase. On any one
day, SMT Scharf will acquire a maximum of 25 % of the average daily
share turnover on the stock exchange on which the respective purchase
is made. The average share turnover is derived from the trading
volume on the 20 stock market days prior to publication of the share
buyback program.

The shares will only be acquired via the stock market, either in
floor or Xetra-trading on the Frankfurt Stock Exchange. The share
buyback will be processed by a bank, while observing standard market
practices and independent of and not influenced by the company. The
program can be discontinued at any time to the extent required and
legally permissible.

Information on the purchases will be published in good time on the
company´s Web site www.smtscharf.com in the "Investor Relations"
segment.

end of ad-hoc-announcement ==========================================
====================================== 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 up to loads of 35t.
Derailment-proof railways are the only railways that can be used
underground on branching lines to cope with inclines of more than 13
degrees. The SMT Scharf Group has its own companies in Germany,
Poland and South Africa, China and Russia and has dealerships around
the world. The railways developed by SMT Scharf are characterized,
above all, by high-performance engines, great achievable transport
performance and low operating and maintenance costs. SMT Scharf
records more than 70% of its revenues on high-growth foreign markets,
such as Russia, China and South Africa. The replacement parts and
repairs business constitutes around 50% of sales. The continuing
exploitation of stores means that high technology transport solutions
are required for mining as a result of the increasingly difficult
circumstances. The total market for underground transport technology
comprises around € 5 billion to € 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

Susanne Gremmler

Phone: +49(0)611 - 205855-23

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

E-mail: gremmler@cometis.de

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