EANS-News: SMT Scharf AG receives first order via Chinese Joint Venture

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Company Information

Hamm (euro adhoc) - Hamm, July 26, 2010 - SMT Scharf AG (German
Securities Code (WKN) 575198, ISIN DE0005751986), technology and
global market leader for rail-bound railway systems for the mining
sector, has received two new orders from China, including the first
order via its Chinese joint venture. The orders have a total value
for SMT Scharf of around EUR 3 million.

In January this year, SMT Scharf received its license from the
Chinese authorities to form the joint venture Shandong Xinsha
Monorail Co. Ltd. This company, which is located in Shandong
province, started operations in June 2010. The joint venture received
its initial order from a Chinese industrial holding company, which
already uses SMT Scharf´s monorail hanging railways in several of its
coal mines. SMT Scharf will supply two construction sets from Germany
which will then be completed in China. "We are very pleased that our
joint venture has already been able to acquire its first order, just
briefly after commencing its operations," commented Dr. Friedrich
Trautwein, SMT Scharf AG´s CEO. "This confirms our approach of
working together with a local partner in order to offer our customers
in this region close sales support and service on location."

In addition, a new Chinese customer ordered three monorail hanging
railway trains from SMT Scharf. These will also be used in coal
mines. Both orders will be delivered and invoiced in 2010.

Company profile

The SMT Scharf group develops, builds and maintains transportation
equipment for mining and tunneling. The main product are rail-bound
railways which are used all over the world, primarily in hard coal
mines and underground mining for gold, platinum and other metals.
They are used to transport material and personnel with working loads
of up to 45 tons. Rail-bound railways are the only means of
underground transport that can be used on branching lines to cope
with inclines of more than 13 degrees. The SMT Scharf Group has its
own companies in Germany, Poland, Great Britain, South Africa, China
and Russia and additional dealerships. The railways that SMT Scharf
develops are characterized in particular by their high-performance
engines, great transport performance and low operating and
maintenance costs. SMT Scharf records more than 80% of its revenue in
high-growth foreign markets, such as Russia, China and South Africa.
Business with replacement parts and repairs accounts for around 40%
of revenue. The entire market for underground transport technology
comprises EUR 5 billion to EUR 7 billion per year according to the
company´s 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
Index: CDAX, Classic All Share, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade