EANS-News: ElringKlinger acquires additional interests in Chinese subsidiary Changchun ElringKlinger Ltd.

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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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merger, acquisition and takeover

Stuttgart, Dettingen/Erms, (euro adhoc) - July 1, 2009 +++
MDAX-listed ElringKlinger AG is strengthening its position in China
and has acquired an additional 10.0% ownership interest in the
subsidiary Changchun ElringKlinger Ltd. from the state investment
company State Machinery, Electronics, Light and Textile Industry
Investment Corporation, Changchun. The increase in ElringKlinger's
ownership interest to now 88.0% was executed effective from June 30,
2009, following entry in the Companies Register and the conclusion of
the official authorization procedure by the competent supervisory
authority.

Changchun ElringKlinger Ltd. generated sales revenue of approx. EUR
16 million in 2008 and achieved an operating margin within the lower
double- digit range. The company had already been included within the
consolidated group prior to the latest transaction. Both parties
agreed not to disclose details of the exact purchase price. It was
within the lower single-digit million range. The company supplies
Chinese automobile manufacturers with cylinder-head and specialty
gaskets, as well as thermal shielding components and plastic housing
modules for engines and transmission systems.

The Chief Executive Officer of ElringKlinger AG, Dr. Stefan Wolf, is
confident of the prospects for growth within the Asian region: "Given
the weakness of the European and North American automotive markets,
over the coming years a sizeable part of growth within our industry
will be attributable to the Asian markets. With this in mind, we have
established a strong position in China and India in particular but
also in Korea and Japan. In China, as the leading supplier of flat
gaskets, we already offer our full product range from local
manufacturing facilities."

ElringKlinger had further reinforced its position in China through
its acquisition of the SEVEX Group. Located in the south of the
country, the subsidiary ElringKlinger China, Ltd. in Suzhou - a
former SEVEX company - is now the second production facility operated
by the ElringKlinger Group in China. Furthermore, the ElringKlinger
Group commenced production at its first Indian-based facility in
Ranjangaon, near Pune, in early 2008. The company's customer base
already includes the majority of Indian and Chinese vehicle
manufacturers.

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

Further inquiry note:

ElringKlinger AG

Corporate Communications / Investor Relations

Stephan Haas

Max-Eyth-Straße 2

72581 Dettingen

Fon: +49 (0)7123-724-631

Fax: +49 (0)7123-724-641

E-mail: stephan.haas@elringklinger.de

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