EANS-News: Significant new contract from China for SMT Scharf AG

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Hamm (euro adhoc) - Hamm, August 10, 2009 - SMT Scharf AG (German
Securities Code (WKN) 575198, ISIN DE0005751986), the technology and
global market leader for rail-bound railway systems for the mining
sector, has received a further major contract from China. The order
comprises five trains for monorail hanging railways with a total
value in excess of EUR 2 million. The railway systems are expected to
be delivered during the third and fourth quarter of this year.

The DZ 1500 monorail hanging railways on order are to be installed in
five different hard coal mines belonging to a Chinese mining group
which operates more than 40 mines in various provinces throughout
China. This group has been SMT Scharf´s customer since summer 2008
and is already using the company´s monorail hanging railways to great
effect in three of its mines. The systems installed up to date are
primarily used to transport face equipment. The newly ordered trains
will also serve mainly this purpose replacing the combinations of
conventional mine railway systems and winches previously used. In
addition to substantially improving safety, this will cut
transportation times by more than 50%.

"We are delighted by the fact that the customer has been so impressed
by the first railway systems we supplied, that they want to use this
highly productive and safe transportation technology in additional
mines," comments Dr. Friedrich Trautwein, CEO of SMT Scharf AG. He
adds: "We view this contract as an extremely positive omen for the
future international growth of SMT Scharf, particularly in light of
the sluggish capital investment activity in mining in many regions.
We believe that mining will continue to play a key economic role in
the future, especially in the target markets China, Russia and South
Africa."

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 with working loads of up
to 35t. Rail-bound trains are the only means of transport that can be
used underground on branching lines to cope with inclines of more
than 13 degrees. The SMT Scharf Group has subsidiaries in Germany,
Poland, South Africa, China and Russia, as well as agencies around
the world. The railways developed by SMT Scharf are characterized,
above all, by high-performance engines, high working loads, high
speed 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 revenues. The advances in
exploitation of resources make underground conditions increasingly
difficult which in turn requires more high technology transport
solutions in mining. The total market for underground transport
technology comprises around EUR 5 billion to EUR 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