EANS-Adhoc: Miba Aktiengesellschaft / 1st Half-Year 2011-12: Miba still in good shape

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6-month report

09.09.2011

September 9, 2011

1st Half-Year 2011-2012: Miba still in good shape

- Sales increase by 38.5 percent
- Secured substantial investments amounting to EUR 22.4 million
- 841 new jobs created

Miba, strategic partner to the international engine and automotive
industries, continues to profit from consistently strong demand in
its core markets. Consolidated sales in the first half of 2011-2012
(February 1 to July 31) soared by 38.5 percent over the same period
last year, to EUR 281.3 million. By contrast, earnings before taxes
(EBT) in the amount of EUR 28.6 million are only slightly higher than
the previous year. The increase is only slight, yet it is attributed
to special effects, and therefore satisfactory.

The positive development in Miba´s target markets continued during
the first six months of the business year. "This business development
validates our strategy of concentrating on challenging niches, both
in our core segments as well as in our new division, the New
Technologies Group. We are well on our way," says Peter Mitterbauer,
CEO of Miba. The growth in sales originates in equal measure from
organic growth and from last year´s acquisitions. Miba Sinter Group
accounted for the largest proportion of Group sales, at almost 37
percent, followed by Miba Bearing Group at 33 percent and Miba
Friction Group at 20 percent. Nine percent was attributed to New
Technologies Group.

Earnings were noticeably impaired by the special effects of capacity
bottlenecks, by the high start-up costs from the integration of the
friction business acquired last year into Miba Friction Group, and by
the persistent tension between cost and supply in the international
market for raw materials. In the first half-year, Miba invested
EUR 22.4 million in fixed assets in order to build-out production
capacities in all divisions (previous year: EUR 18.3 million), so
that over the long term, it could satisfy consistently strong demand.
In addition to this, by the end of the business year Miba will have
expanded production areas at all Austrian sites. "We expect that in
the coming months, we will definitely feel the effects of the
capacity expansions in our earnings," says Mitterbauer.

841 new employees As of the July 31, 2011, reporting date, Miba
engaged 3,715 employees throughout the world, with more than half of
this workforce at its Austrian sites. Compared to the prior year,
this corresponds to an addition of 841 employees. This increase in
job posts took place primarily at Miba´s Austrian and Slovakian
sites. In Austria, the number of employees rose by 356; of these, 154
employees came from the Styria-based companies acquired last year. In
Slovakia, 319 new job positions were created.

To meet the growing need for highly qualified employees, Miba secured
the majority of the new staff from its own ranks. Customized
continuing education plans for all employees and a comprehensive
apprentice training contributed to this effort. On September 1, 2011,
31 youths started their training at the Miba sites in Upper Austria,
which corresponds to a peak level of 124 apprentices in training. At
the Slovakian locations, Miba is currently training 21 apprentices;
in autumn, an additional 15 youths will start their training at
Vráble und Dolný Kubín.

Outlook: Focus on successful integration Miba consistently pursues
its path of growth and continues to rely on the strategy of
maintaining and expanding its leading position in economically
attractive and technologically challenging market segments. The Group
secures its financial independence and autonomy through a solid
financial structure and a sustained high equity ratio of 53.8 percent
(balance sheet date: 54.9 percent). "In the coming months, our focus
will be placed squarely on the successfully integration of last
year´s acquisitions, and on optimizing the use of our capacity
expansions in the core business," says Mitterbauer about the key
areas in the second half of the year.

Earnings summary

| |1st |1st |1st Half-Year|
| |Half-Year |Half-Year |2009-10 |
| |2011-12 |2010-11 | |
|Sales (in EUR million) |281.3 |203.1 |148.5 |
|EBT (in EUR million) |28.6 |27.5 |1.4 |
|Investments (in EUR million) |22.4 |18.3 |7.9 |
|Number of employees (as of July |3,715 |2,874 |2,541 |
|31, 2011) | | | |

end of ad-hoc-announcement

=====================================================================
=========== Miba is an international group that produces
technologically advanced and highly resilient power train components.
Miba technology and longtime experience make vehicles, trains, ships,
airplanes and power stations more powerful, efficient and
environmentally friendly. Miba has around 3,700 employees, more than
half of whom work at the Austrian sites. In the 2010-11 business
year, sales of the listed company amounted to EUR 437.2 million with
earnings before interests and taxes (EBIT) of EUR 54.5 million.

Further inquiry note:
Press
Mag. Valerie Weixlbaumer
Corporate Communications
Tel.: +43/7613/2541-1119
mailto: valerie.weixlbaumer@miba.com

Investors/Analysts
MMag. Markus Hofer
Vice President Corporate Finance
Tel.: +43/7613/2541-1138
mailto:markus.hofer@miba.com

end of announcement euro adhoc
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issuer: Miba Aktiengesellschaft
Dr.Mitterbauer-Straße 3
A-4663 Laakirchen
phone: 07613/2541-0
FAX: 07613/2541-1010
mail: info@miba.com
WWW: www.miba.com
sector: Industrial Components
ISIN: AT0000734835
indexes: Standard Market Auction
stockmarkets: official market: Wien
language: English