EANS-Adhoc: CHRIST WATER TECHNOLOGY AG / GLV Completes the Acquisition of 80.5% of Christ Water Technology AG´s Voting Shares / Shareholder disclosure / Notification of bondholders of CHRIST

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
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announcement.
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Company Information

01.12.2009

The management board of Christ Water Technology AG ("CWT") and the
management of GLV Inc. ("GLV" or the "Company"; ticker symbols GLV.A,
GLV.B / TSX) are pleased to announce the closing of the take-over, by
GLV's indirect subsidiary Eimco Water Technologies GmbH, of 80.5% of
the shares of CWT tendered by CWT shareholders into GLV´s voluntary
takeover bid during the tender period ended November 17, 2009.

With notification of November 30, 2009, Eimco Water Technologies GmbH
disclosed that on November 27, 2009, GLV indirectly held 16,320,268
shares of Christ Water Technology AG representing 83.08% of the
voting rights.

CWT shareholders who have not yet tendered their shares are reminded
that they may do so during the three months following the tender
period for a cash consideration of EUR3.35 per share pursuant to the
same terms as set forth in GLV´s voluntary takeover bid. GLV aims to
acquire 100% of CWT´s shares.

Furthermore, considering the change of control triggered by the
closing of the take-over, CWT bondholders have a right, at their
discretion, to demand repayment of their bonds at their nominal value
plus accrued interest pursuant to the bond terms. However, the
termination of the bonds under this provision is only valid if
termination notices representing at least 15% of the total nominal
value of the outstanding bonds are received by the payment agent from
bondholders within 30 days subsequently to the closing of the
take-over as announced today.

All notices of bondholders to the payment agent or the issuer
especially regarding the termination of the bonds have to be executed
in writing in German language and sent to the payment agent by
registered mail according to paragraph 8 section 3 bond terms. In
addition, the notice has to include evidence of ownership at the time
of notification. The evidence may be given by a certification of the
depository or any other appropriate way. The payment agent is
UniCredit Bank Austria AG, Abt 8811 Zahlstellendienst, Julius
Tandler-Platz 3, A-1090 Vienna, Austria.

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

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