EANS-Adhoc: Unternehmens Invest AG / UIAG: Reversal of acquisition of Eternit-Group investment

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ad-hoc disclosure 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

28.05.2009

The intended acquisition of 80% of the shares in Eternit-Werke Ludwig
Hatschek AG by Unternehmens Invest AG, which was supposed to partly
take place by a capital increase through contributions in kind and
partly by purchase, will not take place. The related resolution on a
capital increase passed in the ordinary general meeting of 14 January
2009 as well as all the associated resolutions were contested by a
shareholder. Corresponding proceedings are currently pending with the
Vienna Commercial Court at first instance. The other shareholders of
CROSS Industries AG in Eternit-Werke Ludwig Hatschek AG approved
Eternit´s acquisition by Unternehmens Invest AG provided that the
purchase as well as the contributions in kind will take place by 31
May 2009. Due to the action in rescission concerning the capital
increase resolution, CROSS Industries AG has not subscribed to the
contested capital increase yet. Consequently, CROSS Industries AG
hasn´t yet been committed to provide contributions in kind. Thus,
there hasn´t been a capital increase so far.

As the complete acquisition of 80% of the shares in Eternit by
Unternehmens Invest AG by 31 May 2009 appears to be impossible and
the situation remains delicate due to the action in rescission and in
particular the uncertain duration of proceedings, CROSS Industries AG
has decided to not subscribe to the capital increase resolved upon on
14 January 2009 and to change investment decisions with regard to its
interest in Eternit-Werke Ludwig Hatschek AG. That´s why CROSS
Industries AG has sold its 80% investment in Eternit-Werke Ludwig
Hatschek AG with today´s date to the FibreCem Group, which includes
the Eternit (Schweiz) AG, located in Niederurnen/ Switzerland, by
means of a share purchase agreement.

The Management Board of Unternehmens Invest AG will instantaneously
convene an extraordinary general meeting, focusing on the annulment
of the capital increase resolution passed at the general annual
meeting of 14 January 2009 and associated resolutions. Moreover, it
will be necessary to annul the revised version of § 5 2nd paragraph
of the memorandum (authorised capital) that was passed incontestably
at the ordinary general meeting of 14 January 2009 and to pass a new
resolution

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

Further inquiry note:

Vorstand der UIAG

Mag. Friedrich Roithner

Tel.: +43 (1) 405 97 71-0

mailto:office@uiag.at

Branche: Financial & Business Services
ISIN: AT0000816301
WKN: 882788
Index: WBI, ATX Prime
Börsen: Wien / official market