EANS-News: Progress-Werk Oberkirch AG / PWO issues information about its shareholder structure

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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Stock Activity

Oberkirch (euro adhoc) - - Discontinuation of Aviva plc's indirect
interest in PWO - Delta Lloyd Asset Management N.V. continues to hold
9.6 percent of PWO's share capital

Oberkirch, May 16, 2011 - In a voting rights announcement released
today, Progress-Werk Oberkirch AG has disclosed that Aviva plc no
longer holds an interest in its share capital.

This announcement arises from the fact that Aviva has reduced its
interest in Delta Lloyd NV. below the 50 percent threshold. Delta
Lloyd's interest in PWO is no longer attributable to Aviva as a
consequence.

Delta Lloyd continues to hold a total of 239,334 shares,
corresponding to 9.6 percent of PWO's share capital, in several of
its investment funds.

Progress-Werk Oberkirch AG
The Management Board

PWO company profile

PWO is one of the world's leading suppliers of high-end metal
components for automobile safety and comfort. The company has
developed unique knowledge in the forming and joining of metals over
the course of its over 90-year history since it was founded in 1919.
The German location at Oberkirch today employs around 1,200 staff
members. The Group is globally represented with further sites in
China, Canada, Mexico and the Czech Republic, and employs around
2,200 staff around the world.

PW0 is a partner to the global automotive industry for the
development and production of innovative products in the areas of
"Mechanical components for electrical and electronic applications",
"Safety components for airbags, seats and steering" and "Components
and systems for vehicle bodies and chassis".

end of announcement euro adhoc
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company: Progress-Werk Oberkirch AG
Industriestraße 8
D-77704 Oberkirch
phone: +49(0)7802 84-0
mail: info@progress-werk.de
WWW: http://www.progress-werk.de
sector: Automotive Equipment
ISIN: DE0006968001
indexes:
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München
language: English

ots Originaltext: Progress-Werk Oberkirch AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Charlotte Frenzel
Tel.: +49 (7802) 84-844
E-Mail: ir@progress-werk.de

Branche: Automotive Equipment
ISIN: DE0006968001
WKN: 696800
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade