EANS-News: Rosenbauer International AG / Out-of-court settlement reached with German municipal umbrella organizations regarding fire fighting vehicle cartel / Affected municipalities to receive compe

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Company Information

Leonding (euro adhoc) - Rosenbauer and two other manufacturers have
signed a settlement agreement with the German municipal umbrella
organizations providing for out-of-court restitution in connection
with the fire fighting vehicle cartel in Germany.

Rosenbauer has always taken an active role in helping to determine
what, if any, harm may have been caused by the fire fighting vehicle
cartel. Under this out-of-court agreement, all affected local
authorities that procured certain types of municipal vehicle between
2000 and the middle of 2004 are to receive compensation, regardless
of which of the four manufacturers (Rosenbauer Feuerwehrtechnik
Luckenwalde, Iveco Magirus, Schlingmann or Ziegler) they procured the
said vehicles from. To this end, a settlement fund totalling up to
6.738 Mio EUR is being set up.

Rosenbauer Deutschland GmbH will be allocating up to 2.016 Mio EUR in
restitution to this settlement fund, thereby making a substantial
contribution towards implementing the compensation settlement between
the individual municipalities and the companies concerned. In so
doing, Rosenbauer Deutschland GmbH will also be taking on a
significant share of the compensation that would have been due from
the insolvent manufacturer Ziegler, which is not a party to the
settlement.

The municipal umbrella organizations recommend municipalities to
accept the settlement agreement and to sign up to the pertinent
inter-municipality agreement that details how the compensation
settlement is to be implemented between the individual municipalities
and the companies concerned.

To ensure correct and proper handling of the contract award process,
Rosenbauer has established a Group-wide compliance program. In
addition, Rosenbauer has won the required certification from an
independent institution, in this case ZertBau GmbH, which verifies
companies' fitness and reliability in the procurement field. This is
accomplished by annual inspections focusing on the requirements to be
fulfilled regarding personnel and/or organizational structures, and
on compliant conduct on the part of the company, leading to
certification as appropriate.

Further inquiry note:
Rosenbauer International AG
Mag. Gerda Königstorfer
Tel.: 0732/6794-568
gerda.koenigstorfer@rosenbauer.com

end of announcement euro adhoc
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company: Rosenbauer International AG
Paschingerstrasse 90
A-4060 Leonding
phone: +43(0)732 6794 568
FAX: +43(0)732 6794 89
mail: ir@rosenbauer.com
WWW: www.rosenbauer.com
sector: Machine Manufacturing
ISIN: AT0000922554
indexes: WBI, ATX Prime
stockmarkets: free trade: Berlin, Stuttgart, official market: Wien
language: English