EANS-Adhoc: CHRIST WATER TECHNOLOGY AG / CHRIST sells pharmaceutical water business and strengthens its financial power

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Company Information

14.07.2009

Press release
Mondsee, 14th of July 2009, 8.00 am CET

CHRIST sells pharmaceutical water business and strengthens its
financial power

Christ Water Technology Group plans to sell its pharmaceutical water
activities to the BWT Group, thereby considerably improving its
financial position. The total transaction volume of over 35 million
Euro will lead to a substantial reduction in financial liabilities,
an improved gearing of approx. 50% and an increase in the equity
ratio to approx. 25 %.

"This strong re-focussing of the CHRIST Group to the industrial and
municipal project engineering business allows us to use our own
strengths to regain the financial capacity needed to lead us
successfully through the current challenging economic situation and
make profitable use of the sustainable growth opportunities we see in
water technology", says Malek Salamor, CEO of the Christ Water
Technology Group.

The sale of the Pharma and Life Science business includes the
pharmaceutical water activities and a 49% stake in the biopharma and
bioprocess technology provider Zeta. Once the transaction is
completed, the number of employees within the CHRIST Group will be
around 950 and the consolidated annual turnover around 200 million
Euro. The transaction is expected to be realised with the consent of
the extraordinary general assembly of Christ Water Technology AG and
BWT AG, planned to be held first half of August 2009 and is subject
to both general assembly approvals as well as the anti-trust agency
approval. Closing is expected by 30.09.2009.

The remaining business activities of CHRIST Group will lead to a
concentration on the technology-oriented project engineering and
service business in the industry segments microelectronics, solar
industry and distinctive process water technologies and the
increasingly important issues in the Green-Tech sector industrial
waste water/re-use and municipal drinking- and waste water treatment
as well as sea water desalination. Further strategic alliance
opportunities are currently being examined.

Malek Salamor: "With the impressive range of skills of our
highly-qualified staff from drinking water, waste water and process
water to ultra-pure water solutions for the semiconductor industry,
CHRIST now has the financial resources for a bright future in water
technology and we are going to prove that this future will also be
profitable for our investors".

Contact information:
CHRIST WATER TECHNOLOGY AG, A-5310 Mondsee, Walter-Simmer-Str. 4
Harald Wegscheider, CFO. Tel. +43 (0)6232 9011 1002

Financial calendar
Report on 1st half year 2009 14. August 2009
Report on 1.-3rd quarter 2009 20. November 2009

CHRIST WATER TECHNOLOGY company profile: The Christ Water Technology
Group is a leading provider of customer-specific technologies,
solutions and services in the area of pure and ultra-pure water
treatment, drinking- and waste water treatment and pharmaceutical
production processes. CHRIST employs approx. 1,300 qualified
employees at over 40 sites worldwide.

CHRIST offers everything that marks a provider of total solutions for
turn-key water treatment and process systems: know-how, innovation,
customer-focus and the option of a one-stop-shop service. Our
expertise runs from project identification through planning,
production and installation through to commissioning and user
training, all backed up by comprehensive customer service. CHRIST
shares are listed on the Prime Market of the Vienna Stock Exchange
(ISIN: AT0000499157). More at www.christwater.com. CHRIST - World
Class Water Technologies

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

Further inquiry note:

CHRIST WATER TECHNOLOGY AG, A-5310 Mondsee, Walter-Simmer-Str. 4

Harald Wegscheider, CFO. Tel. +43 (0)6232 9011 1002

Branche: Biotechnology
ISIN: AT0000499157
WKN: 675399
Index: WBI, ATX Prime
Börsen: Wien / official market