EANS-News: Miba Aktiengesellschaft / Miba takes over majority stake in joint venture in China

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Joint Ventures/Cooperation/Collaboration

Laakirchen (euro adhoc) - Laakirchen, March 28, 2014. Miba AG, listed
in the Standard Market Auction segment of the Vienna Stock Exchange,
signed a contract as of today's date to increase its previous share
in EBG Shenzhen Ltd., Shenzhen, China, by 30 percent from 25 to 44
percent, thus becoming the majority stakeholder in the company.

The joint venture is between Miba AG, the local industrial park
(SSIP) and the management team of EBG Shenzhen Ltd. Miba AG is now
taking over the share previously held by the management team, while
the remaining 45 percent of shares will continue to be held by the
local industrial park (SSIP).

By increasing their stake, Miba AG is driving forward the global
expansion of its New Technologies Group. This division was founded in
2010 through the acquisition of two Styrian companies, EBG
Elektronische Bauelemente GmbH and DAU GmbH & Co KG, and is involved
in the development and production of power electronics components,
among other things. EBG Elektronische Bauelemente GmbH entered the
joint venture in the late 1980s; Miba AG took over those shares in
2010.

EBG Shenzhen Ltd. produces high-power resistors used in power
electronics of frequency converters or in modern medical technology.
The company generates annual sales revenue of EUR 10 million and
employs a staff of 200.

Further inquiry note:
Mag. Manfred Luger
Head of Corporate Communications
Tel.: +43/7613/2541-1123
mailto: manfred.luger@miba.com

Investoren/Analysten
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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company: 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