EANS-News: SMT Scharf receives order for roadheaders from South America

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Company Information

Hamm (euro adhoc) - October 12, 2010 - 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 key order with a volume of more than EUR 3
million in its new roadheaders division.

An Argentinean coal mine in Santa Cruz province has ordered two
SL120H roadheaders with accessories. This order totals more than EUR
3 million and is expected to be shipped in the first half of 2011.

SMT Scharf took over Dosco Overseas Engineering Ltd. in May 2010.
This company specializes in developing and producing roadheaders.
These machines are used to excavate underground tunnels in the mining
industry. The models ordered are suited for particularly low seam
heights and have a weight of less than 50 tons.

"Our customer has opted for Dosco's solution because these machines
are highly reliable and the axial cutting head offers superior
excavation performance," commented Dr. Friedrich Trautwein, SMT
Scharf AG´s CEO. "We are very proud to have received this order for
Dosco. Building our business in South America is still at a very
early stage. However, we believe that in the longer term these
emerging economies, where the commodities sector is of key
importance, will be high-growth markets for SMT Scharf," added Dr.
Trautwein.

Company profile

The SMT Scharf group develops, builds and maintains transportation
equipment for mining and tunneling. The main product area is
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 spare 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

Tel: +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