EANS-Adhoc: CHRIST WATER TECHNOLOGY AG / CHRIST proposed to be important part of new global leader in water technology

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Company Information

22.09.2009

GLV Inc., a corporation listed on the Toronto Stock Exchange and a
global provider of technological solutions used in water treatment,
recycling and purification, as well as in pulp and paper proposes to
merge with Christ Water Technology AG by purchasing, for a cash
consideration of EUR 3.35 per CHRIST share, in a public tender offer
up to 100% of the outstanding shares of Christ Water Technology AG to
form a new leading globally operating water technology group and has
announced the intention to publish such offer today.

Within a period of 10 working days upon publication of the offer by
GLV, the Management Board and Supervisory Board of CHRIST, as
required by the Austrian Takeover Act, will comment on the offer
based on the fair evaluation of effects of the offering on the
business, creditors, employees and the public interest. Christ Water
Technology AG has been informed that the tender offer expected to be
issued by GLV is supported by CHRIST's largest shareholder, WAB
Foundation.

The new water technology group would be active on 5 continents with
2500 employees and more than EUR 500 million turnover.

The completion of the offer will be subject to various conditions
including a minimum of 90% of CHRIST shares tendered into the offer.

A team of Altium Capital AG, led by Alexander Grünwald, is assigned
as M&A advisor and a team of Dorda Brugger Jordis Rechtsanwälte GmbH,
led by Andreas Mayr and Jürgen Kittel, acts as legal advisor for
CHRIST in connection with the planned transaction.

Ende der Mitteilung 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

Mag. Ralf Burchert

ralf.burchert@christwater.com

Tel.: 06232/5011-1113

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