ElringKlinger increases holding in ElringKlinger Kunststofftechnik GmbH

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merger, acquisition and takeover

Dettingen/Erms (euro adhoc) - Dettingen/Erms (Germany), July 31, 2007
+++ Automotive supplier ElringKlinger AG has acquired a further 7.5%
interest in PTFE specialist ElringKlinger Kunststofftechnik GmbH,
Bietigheim-Bissingen, from the company's co-partners and thus now has
an overall holding of 74.5% in the subsidiary.

In fiscal 2006, ElringKlinger Kunststofftechnik GmbH, an entity
included fully in the consolidated group, generated sales revenues
amounting to EUR 58.8 million and earnings before taxes of EUR 11.4
million. The current 2007 fiscal year is expected to produce
additional growth in both sales revenues and earnings.

The transaction was signed by both parties on Monday. Under the terms
of the agreement, the purchase price is to remain confidential. The
EBIT (earnings before interest and taxes) multiple paid by
ElringKlinger is within the upper single-digit range. Minority
interests in consolidated net income will decline due to the
aforementioned acquisition, as a result of which consolidated net
income after minority interests, targeted for 2007 will increase
further by another approx. EUR 0.2 million proportionately as off
August 1, 2007.

At its operating sites in Bietigheim-Bissingen and Heidenheim,
Germany, ElringKlinger Kunststofftechnik GmbH develops and markets
products and components made of high-performance PTFE
(polytetrafluoroethylene), which is particularly resistant to heat
and chemicals. Alongside the automobile sector, the company's
principal customers are industrial manufacturers - particularly
within the field of mechanical engineering and packaging - and,
increasingly, companies operating in the medical engineering and
biotech industries.

At present, ElringKlinger Kunststofftechnik is implementing a
large-scale expansion project at its Bietigheim-Bissingen plant,
investing in process technology required for the production ramp-up
of its new material Moldflon®. Moldflon®, a pioneering PTFE material
suitable for injection-molding, can be used to create entirely new
component geometries for a broad range of industrial applications.

end of announcement euro adhoc 31.07.2007 11:34:55
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ots Originaltext: ElringKlinger AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Kathrin Müller
Investor Relations
Telefon: +49 (0)7123 724-631
E-Mail: kathrin.mueller@elringklinger.de

Branche: Automotive Equipment
ISIN: DE0007856023
WKN: 785602
Index: SDAX, CDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / official dealing/prime standard
Börse Berlin / free trade
Börse Düsseldorf / free trade
Börse München / free trade
Börse Stuttgart / official dealing